Wednesday, December 31

Tag: Politics

Tears of the UK’s treasury chief spooked financial markets

The weekly session in which the British prime minister is questioned by lawmakers in Parliament can be an ordeal for the government leader. For Cabinet members, it’s usually simply a matter of backing their boss. But on Wednesday the spotlight ended up on Chancellor of the Exchequer Rachel Reeves during the Prime Minister's Questions session because it became evident that she was crying as she sat beside Prime Minister Keir Starmer. This screen grab of Chancellor of the Exchequer Rachel Reeves, right, crying as Prime Minister Keir Starmer speaks during Prime Minister's Questions in the House of Commons, London, Wednesday July 2, 2025. (House of Commons/AP) It's not known what triggered the tears, later said to have been personal. They came as Starmer sought to ...

Prime Minister Anthony Albanese’s office says Trump meeting cancellation ‘understandable’

A spokesperson for Prime Minister Anthony Albanese's office says it is "understandable" his face-to-face meeting with Donald Trump was cancelled, after the White House said the US president would be leaving the G7 summit in Canada early. "President Trump had a great day at the G7, even signing a major trade deal with the United Kingdom and Prime Minister Keir Starmer," White House press secretary Karoline Leavitt said on X. "Much was accomplished, but because of what's going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State." Prime Minister Anthony Albanese at the G7. (Alex Ellinghausen) Albanese was set to meet Trump on the sidelines of the G7 this week, but the timing of Trump's departure now means it will not go...

Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn

Sending children back to school in new sneakers, jeans and T-shirts is likely to cost US families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97 per cent of the clothes and shoes purchased in the US are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries. A worker sews a garment at Pro Sports factory in Nam Dinh province, Vietnam (AP) Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. ...

Dutton and Albanese both get heckled on campaign trail

Both the prime minister and opposition leader have been heckled during their campaign stops this morning in Brisbane. Opposition Leader Peter Dutton was confronted by protesters from the environmental group Rising Tide outside the XXXX Brewery in Brisbane. A protester later identified as Natalie Lindner confronted Dutton and said: "Nuclear and gas will drive up energy bills. Why are you lying to the Australian people?" Peter Dutton in Brisbane today. (Nine) Peter Dutton has been promoting the coalition's energy policies throughout the day. The interruption is the second time anti-nuclear gatecrashers have disturbed Dutton. Earlier in the day, the prime minister was also heckled at a press conference at an urgent care clinic. A young man interrupted a pr...

US official labels Australia a ‘dumper’ of aluminium as tariff fallout continues

US Commerce Secretary Howard Lutnick has labelled Australia as a "dumper" of under-priced aluminium as domestic politicians scramble to push for an exemption on steel and aluminium tariffs. "You've got dumpers in the rest of the world. Japan dumps steel, China dumps steel," he told Fox Business. "We're going to stop that nonsense and bring steel here. "We're not going to stand for China dumping, Japan dumping, Australia does a lot of aluminium at below cost." Trump refused to grant Australia an exemption. (Getty) Lutnick said Trump was "protecting America". Australia's steel and aluminium exports to the US amount to about 0.2 per cent of the national total export value. This morning, opposition leader Peter Dutton promised to "get a deal done" with U...

Steel and aluminum are central to American life. These are the industries and products that will be impacted by new tariffs

Steel and aluminum are ubiquitous in Americans' lives. A stainless steel refrigerator holds aluminum soda cans. A stainless steel drum tumbles inside an aluminum washing machine. They're the metals used in cars and airplanes, phones and frying pans, skyscrapers and zippers. That's why President Donald Trump's 25 per cent tariffs on all steel and aluminum imports, which went into effect yesterday, could have widespread impact on manufacturers and consumers. Here are some of the industries and products that rely on aluminum and steel: Construction The construction industry uses about one-third of all US steel shipments, more than any other industry, according to the Council on Foreign Relations. The industry depends on a global supply chain...
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