Watching the twists and turns on tariffs, Anthony Albanese admits the US president has confounded countries, with his many changes of mind. But both the Prime Minister and the Opposition leader Peter Dutton are also hesitant to accept an offer from China to team-up in a new approach to world trade.
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00:00There's no escaping allusions to the US president, the world's been trumped.
00:10And everyone's got something to say about it.
00:12They'll squeeze us, the other thing is it may drop off sales as well, particularly if
00:17the tariffs go up.
00:18From a Melbourne manufacturing hub.
00:20I will stand up for our best interests in our negotiations with the US.
00:24This is our little beach.
00:25To the sandy shores of the Coral Sea.
00:28The US administration changes its position on a regular basis.
00:34By his own admission, the great adventure the tariff saga's become has confounded governments
00:39and negotiators.
00:41If re-elected, Anthony Albanese plans to plead his own case.
00:45I intend to go, but we're not getting ahead of ourselves.
00:48The Prime Minister of our country needs to have the strength of leadership to stand up
00:51for our interests.
00:52In the teeth of stiff trade headwinds comes a hands across the water moment.
00:57President Xi's ambassador to Canberra has written publicly that China does not engage in
01:03trade barriers, protectionism or unilateralism, erasing Beijing's $20 billion five year lockout
01:10of Australian exports.
01:12He then proposes China and Australia join hands to defend the multilateral trading system.
01:19Bullies don't respect weakness.
01:21I believe that we can work very closely with China on building our trading relationship
01:25and have a respectful relationship with China.
01:27We will speak for ourselves.
01:29In Australia's position is that free and fair trade is a good thing.
01:33Trade, especially selling iron ore and coal, is a big deal for the federal budget.
01:38And lately, the bounty from those two commodities alone has far exceeded Treasury's wildest forecasts.
01:45Now, assuming that continues, the coalition's promising to put what it calls windfall revenue
01:51into a sealed fund to pay down debt for decades to come.
01:56Under a coalition government, mining windfalls will not just disappear.
02:01They say it's for future generations.
02:04Where's Albanese?
02:05There's nowhere to be seen.
02:06Are you Peter Duckman?
02:07I am, yeah, yeah.
02:08Who won the election?
02:09You or Albanese?
02:10Well, it's coming up.
02:11It's in about three weeks' time.
02:13Three to go with the bemused, the inquisitive and the undecided.
02:17This has been a Оid-Aid-Aid.
02:18It has been a long time since it was decided.
02:19Three to go with the side of the room.
02:20The worst is from the ground.
02:21You have been spending several years in the past.
02:22You have got a lot of nights.
02:23Not yet.
02:24You have got a lot of nights.
02:25There have got a lot of nights.
02:26You have been truficiente.
02:27There have got steel in the past.
02:28There have got a lot of open eye to it.
02:29Where did you get us?
02:30Ten minutes, 10 minutes, 10 minutes, 11 minutes, 11 minutes, 11 minutes.
02:32Once you get that out of your agenda, you will get the right balance.
02:33There have got a lot of nights.
02:34Two things in the past, you will get no to go with the rest.
02:37There have got some kills.