Wednesday, February 5

Tag: Politics

Trump’s tariffs are a $2.25 trillion gamble with the economy and prices

US President Donald Trump is on the verge of hitting America's three biggest trading partners with sweeping tariffs, a far more aggressive use of his favourite economic weapon than anything he did during his first term. The looming import taxes on Mexico, Canada and China will be a major test of Trump's unorthodox use of tariffs, which he's described as "the greatest thing ever invented". It's an enormous gamble, arguably a bigger one than any economic policy Trump enacted during his four-plus years in the White House. And this strategy has the potential to upend the thing many voters care about the most: the economy and the cost of living. President Donald Trump arrives at Palm Beach International Airport in West Palm Beach, Florida, on Friday. (AP Photo/Ben Curtis) ...

Everything Donald Trump has promised to do on his first day in the White House

Most US presidents come to office with promises of change and new directions on their lips – but Donald Trump in particular is set to have a busy first day in office. The 45th and 47th president of the US, only the second in history to serve non-consecutive terms, will be sworn in on January 20, 2025. And hot on his heels into the White House are the pack of "Day One" promises Trump made on the campaign trail. Trump has promised a lot of change on his first day in office. (AP) It all adds up to a very busy day in the office. Dictatorship? In an interview with Fox last year, Trump said he would not use his presidential powers to pursue retribution against anybody – "Except for day one". "I want to close the border and I want to drill, drill, drill,...

Investigators attempt to arrest South Korean president

South Korean investigators have attempted to detain impeached President Yoon Suk Yeol over his short-lived martial law decree last month, as hundreds of his supporters gathered near his residence in Seoul, vowing to protect him. About 20 investigators from the Corruption Investigation Office for High-Ranking Officials and police officers were seen entering the gate of Yoon's residence in Seoul to execute a warrant for his detention. It wasn't clear whether the president would cooperate with authorities trying to detain him. Investigators from the Corruption Investigation Office for High-ranking Officials arrive at the gate of the presidential residence in Seoul. (AP) Yoon in a defiant New Year's message to conservative supporters rallying outside his residence said ...

Brad Battin to become Victorian Liberal leader as John Pesutto ousted

John Pesutto will step down as Victoria's opposition leader and exiled MP Moira Deeming will be readmitted to the parliamentary wing of the Liberal Party following a party room showdown. Berwick MP Brad Battin will replace Pesutto after emerging victorious in today's leadership vote. Former tennis star Sam Groth will become the deputy Liberal leader. Brad Battin will be the new leader of the Victorian Liberals, with Sam Groth (rear left) to be his deputy. (Eddie Jim) Battin defeated Kew MP Jess Wilson and Mornington MP Chris Crewther, who both threw their hats in the ring for the top job. Today's meeting also included a motion to readmit Deeming to the party, a week after a similar motion failed in a 14-all vote deadlock. Pesutto used his vote last week to bre...

Canada’s finance minister resigns as unpopular Trudeau faces biggest test of his political career

Canadian Prime Minister Justin Trudeau faces the biggest test of his political career after Finance Minister Chrystia Freeland, long one of his most powerful and loyal ministers, announced Monday that she was resigning from the Cabinet. The stunning move raised questions about how much longer the prime minister of nearly 10 years can stay on as his administration scrambles to deal with incoming US President-elect Donald Trump. Trudeau's popularity has plummeted due to concerns about inflation and immigration. Opposition leader Jagmeet Singh, whose party Trudeau's ruling Liberals have relied upon to stay in power, called on Trudeau to resign. The main opposition Conservatives demanded an election. Canadian Prime Minister Justin Trudeau accompanied by Canada's Mini...

Jaclyn Symes to become Victoria’s first female treasurer

Jaclyn Symes will be sworn in as Victoria's new treasurer tomorrow, becoming the first woman to serve in the role. The Northern Victoria MP is currently serving as the attorney-general and emergency services minister. She will replace Tim Pallas, who resigned this week after a decade in the job. Victoria Attorney-General Jaclyn Symes defends public drunkenness law reform on Tuesday, January 17, 2023. (9News) Pallas, who said he was the longest-serving standalone state treasurer, having stepped into the job in 2014 when Daniel Andrews became premier, said it was a "great honour and privilege" to serve the people of Victoria. Reflecting on his career and explaining his decision to resign, Pallas said he felt it was "simply his time to go". His resignation ...
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