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Good morning, Welcome Thursday, this April the third, this Liberation Day. In the terms of Donald Trump, well with friends like the US. Who needs enemies so much? For the Australia US free trade agreement. Australia has been hit with a ten percent tariff on all imports to the US as part of a global tariff regime imposed by US President Donald Trump. In his Liberation Day speech, the President held up a board listing countries and their rates of tariff. It claimed Australia imposed to ten percent tariff on US goods, including currency manipulation and other trade barriers. He said America would impose a broad ten percent reciprocal tariff in return. Now, the US and Australia, as I said, have a free trade agreement signed in two thousand and five. Australian goods going to the US without tariffs, American goods coming to Australia without tariffs. We were not singled out, however, for the particular tariff treatment. The ten percent tariff is a baseline global tariff that will be imposed on all foreign imports from one minute ufter the midnight Saturday morning White House time. Trump did, however, in his speech, single out Australia's ban on the import of US beef, imposed in two thousand and three after the US had cases of mad cow disease.
For Australia bands and they're wonderful people and wonderful everything, but they ban American beef. Yet we imported three billion dollars of Australian beef from them just last year alone. They won't take any of our beef. They don't want it because they don't want it to affect their farmers. And you know what, I don't blame them, but we're doing the same thing right now. Starting about midnight tonight, I would say.
There's a warm round of applause for US President Donald Trump. He imposed a ten percent baseline tariff on all US imports, with higher reciprocal tariffs on major trading partners like China thirty four percent and the EU twenty percent. But let's get back to the beef. How beef is Is it a ten percent tariff or a ban? He hasn't clarify that point. No one has been able to clarify it, and it is quite significant. Here's the Prime Minister's initial reaction to the tariffs for Australia.
These tariffs are not unexpected, but let me be clear, they are totally unwarranted. President Trump referred to reciprocal tariffs. A reciprocal tariff would be zero, not ten percent. The administration's tariffs have no basis in logic, and they go against the basis of our two nations partnership. This is not the act of a friend. Our shared history, our friendship, our alliance. These are all bigger than a poor decision. But the Australian people have every right to view this action by the Trump administration as undermining our free and fair trading relationship and counter to the shared values that have always been at the heart of our two nations. Long step any friendship.
And here's the initial reaction from Simon Maddox from Primary producers essay on the tariffs.
It's a bit early, the devil age and this is going to be in the detail, and we haven't seen the detail yet. We've all just had the President's speech. This has probably got a bit consequences from America than it has for Australia. The US market's an important market for Australian beef. I think we exported just under four hundred thousand tons last year to the US. But our total globe will export to some two point two four million tons and we have one hundred and two markets.
So we'll analyze the tariffs as they come to hand. But to the burning question, the burning statement by Donald Trump, Australia bans and they wonderful people, but they ban American beef. Yet we imported three billion dollars of Australian beef from them just last year alone. They won't take any of our beef. They don't want it because they don't want it to affect their farmers. And you know, I don't blame them, but we're doing the same thing right now, starting at midnight tonight. And there's the rub Is it a ten percent tariff or is it a ban on Australian beef. We're just going to have to sit and wait an expectation. We'll have full analysis of the Liberation Day tariffs coming up shortly. Also on the show today, the election campaign has sort of melded into the background, isn't it. But we will be right on top of that to see exactly what is happening in campaigning leading up to the May three election. Also today, the steel works at Wiler what is happening there. We know Quortermentor is managing things at the moment looking for a buyer. There's been a suggestion that if a suitable buyer can't be found, it should be nationalized, and that comes from former Senator and Jackie Lamby Network Senate candidate Rex Patrick. We'll be speaking with Rex Patrick a little bit later on. Also, what do you think about fifty cent public fairs? Bus fares well? The legislation has passed, the Upper House hasn't got any likelihood of success in the lower House. We'll speak with Green's co leader and MLC Rob Simms about that. We have our regular Thursday legal segment Johnson with us. If you have any questions of a legal nature, here is your opportunity to get some free advice. Two to three DOUBLEO is the number to ring on that matter, or anything else or your thoughts on the issues of the day. Love to hear from.
You, five double A Mornings with Graham Goodings.
Nineteen past nine, five double A. On this Thursday, a momentous day, Liberation Day in the US. As you've heard that oubt throughout the morning. President Trump has imposed a ten percent baseline tariff on all US imports with higher reciprocal tariffs on major trading partners like China and the EU. There's a twenty five percent tax on Australian steel and aliminim exports to the US and a likely ten percent tax on Australian beef or potentially a ban that is still unclear. Let's try to make some sense of it all. Joining Minawa's International Trade and Industry Senior Research Fellow, the University of Adelaide's doctor Nathan Gray. Nathan, good morning to you. Good morning Graham. First, Blush, what is your reaction to the tariffs.
Well, it's taken an econom magician to work out the tariffs by working out or guessing what an implied tariff freight would be from value added taxes in addition to non tariff measures and various other restrictions on trade which are all legal under the well trade organization agreements. But Australia being applied a ten percent tariff, which is the baseline lowest tariff rate, has got off lightly.
We have got off lightly, but we did have a free trade agreement. Where's that gone?
Well, I think that's probably why we have been given the lowest rates. So they have decided to lift their minimum rate essentially to ten percent, and they have done that across the board to every single country without any exceptions. So that's probably why we are at to ten percent. There's a range of countries that are at ten percent, and it's not really consistent. So for example, azerbaijanas at ten percent, Singapore is at ten percent, Senegal is at ten But at the same time, you know countries like Mauritius at forty percent, the EU at twenty percent for example, and Cambodia at even higher at forty nine percent.
Yeah, when you look at it, I mean Australia has held a special relationship with the US. We've been there for them in wartime, in peacetime, always been a supporter. So we're certainly not getting preferential treatment at the moment.
We're not getting preferential treatment, but we haven't been hit anywhere near as hard as what some commentators were suggesting, and this may indeed directly provide a comparative advantage for Australia in our exports to the US.
Which Australian industries are like mind to Millot be most affected by the taras.
Look, the major industries that export to the export merchandise goods, and I think it's important to emphasize that these tariffs are not applied on services. They're applied only on goods. So our major export goods include meat, meat products so beef, but also lamb, precious stones and metals and coins, pharmaceutical products, technical equipment, machinery, boilers, electrical equipment, parts of aircraft, animal vegetable fats and oils, and aluminium, iron and steel, and of course wine and alcohols. So they're the industries that are most likely to be affected. Now some of them are going to be less affected than others. So where you have a bulk commodity where there is a you know there's a general price, that's probably not going to be affected as much. Whereas areas where there are where they are highly priced sensitive in the market, such as with Australian exports of wine, we're more likely to be affected.
It looks like it could be an administrative nightmare.
Well, the Trump government set out to undertake reciprocal tariffs, and when they first announced that over nearly two hundred countries across a roughly around about five thousand different product codes that would lead to a significant you know, two to three million dollars two to three million separate HS codes. They haven't gone down that path because that is frankly impossible to be able to do on an individualized basis. So they have gone down an easier line and they've worked out an average tariff freight for every country. It is not consistent. They have made up the numbers as they go and it's really a mystery exactly how they've come up the numbers.
Would you expect there to be a tariff retaliation from Australia.
No, I don't think that would be our best interests. We import more from the US than we export in goods to the US. But what we do is the products that we're importing are things such as aircraft so Boeing aircraft for example, are high high technology mining equipment and agricultural equipment, things that are critical to our productive capacity in Australia. So applying a tariff on that would increase our cost of work and lower our productivity and would impact on us some of the other products that we import. If we would apply a tariff on consumer goods, that ultimately leads to inflation and would impact on our consumers and the cost of living. So I wouldn't expect Australia to do that, but I would expect us to probably make a complaint to the WTO.
Is that much to have any impact or effect at all?
Well, I think it will in general, because there'll be a number of complaints to the WTO, and it's Australia does uphold the international rules based order, and we might say superficially that the US will do whatever they want. But equally, the Chinese government when they undertook their retaliatory tariffs against Australia after the COVID pandemic, particularly on barley and wine, we resolve that through arbitration and making a formal complaint to the wt So it is the process that we should go down. It will have an impact. The US is likely to ignore it at this point, but overall for the strength of the global system, which we have benefited from significantly from our export growth, we need to go down that path.
What can Austro exporters do to mitigate the impact of the tariffs.
So there's a couple of things that we can do. Firstly, not panic. I don't think this is the time to panic, as I said, we are at the lowest rate. We're at ten percent, So there are other countries which have got teriff rates of twenty thirty forty percent. There are opportunities for Australian exporters to still export to the US despite the tariff, and there may be opportunities for new product categories to expand in the US because of these tariffs that are applied on our competitors, making Australian products more competitive in that market. So we shouldn't think that this is a big red door. But separately, there are going to be opportunities for US to replace goods in other markets where other countries retaliate against the US. I'm thinking particularly countries like the European Union, Canada, Mexico, other markets throughout Asia where we have got traditional links but who have been buying a lot of products that we produce, also agricultural mining products and various other manufactured products. There are opportunities for US to stutitute products from the US in those markets and grower exports as well.
Do you see this leading to a world tariff war that no one can win?
So the thing I'd be looking for, We're going to see other countries impose tariffs against the US. The US is essentially imposed two hundred bilateral tariff imposts, so it's not been a broad scale approach. They have gone Australia yours is ten percent, China yours is thirty four percent, Vietnam yours is forty six percent, the EU yours is twenty percent. Each of those countries will make a determination on what they're going how they're going to retaliate. Some of them will determine that it's in their best interest to have a similar tariff rate in retaliation to what the US has applied. What we don't want to see is we don't want to see other countries applying and across the board tariff rate and raising tariffs for every country, because that will cause US problems. And that was what happened in nineteen thirty two when we had the Smooth Hawley Tariff Act in the US, when they arbitrarily increased tariffs. The response from other countries around the world was not just to retaliate against the US the US but raised tariffs across the board, and that led to a shut down in trade and accelerated the impact of the depression and meant that it was a much slower recovery.
Would you be prepared to predict what it's likely to do the cost of living in Monstralia.
At the moment, I don't think it'll make any difference at all to our cost of living as long as we don't impose a tariff, So a retaliatory tariff would be a cost of living issue. But remember this is a tariff on our exports to the US, not on US exports to Australia, and overall we don't you know, our trade with the US is about five percent of our overall trade, so it is not something that should lead to increased inflation. Indeed, if we do have other countries seek to expand market share to Australia, we may see falls in inflation. And you can see that already with areas like electric vehicles. So in recent in the last two years, we've seen an influx of Chinese electric vehicles, which are high quality. They do have the technology and they have been able to provide those vehicles into the Australian market at reasonably affordable prices, much cheaper than Tesla's and various other evs in the market, and so that has been benefiting consumers. There may be other areas where that will occur, but the Australian government also will need to look to make sure that we do not have any dumping of products in areas where we would be injured our own industries.
Doctor Nathan Gray, thanks so much for your insight, Doctor Nathan Gray, International Trade and Industry Senior Research Fellow at the University of Adelaide, which has put it into perspective. I think a lot of people are sort of thinking knee jerk reaction, let's get back at them, but that would appear to be not the smart way to go. Eight double two three double O, double O. My number to ring if you have a comment. We're going to take a break for news headlines, then thoughts of nationalizing the wireless steel Works.
Five double A Mornings with Graham Goodings.
Good Morning, twenty seven minutes to ten on five double A. On this Liberation Day, we're talking about the tariffs. The suggestion is don't panic, no knee jerk reactions, Andrew says re tariffs, I reckon we need to take a breath, pump the brakes and try to avoid sprooking negative speculation. This is also a test for our government. The ball is now in Albow's court. Hi Graham, with Trump's madness, is looking at polarizing his country. And everyone mentioned, where is Russia in his tariff? Or did we ignore or miss it? Well, Brent, no, we didn't miss it because it was certainly not mentioned. In fact, there are no tariffs on Russia. From my belief, sweeping tariffs. According to Donald Trump, our country has been looted, pillage, raped, and plundered by other nations. However, of the dozens of countries, including US allies, Russia isn't on the list. So there you go with friends like the US. As I've said before, eight double two three double double. If you have a comment, would love to hear from you. Well, the embattled Wiles steel Works appears to be in worse condition than previously thought, but Administrator's caught a mentor working to restore it with federal and state government support. There been plenty of expressions of interest from potential buyers and hopes to sell the steel works and the Middleback range iron ore mines by year end. However, former Senator and Jackie Lambey Senate candidate Rex Patrick has some thoughts about it. He joins men are Rex. Good morning to you.
Good morning Graham.
Before we get on to Wiler, first thoughts on the tariffs.
Well, last month Donald Trump drive over us in a big truck on the olimin and steel and this morning he backed over Squired lying down on this, there are lots of things that we could do. Albo has come out this morning suggesting that he's going to take matters to the World Trade Organization. Donald Trump has just the funded that is unlikely to take any ruling from an expert panel in the WTO seriously, and even if he did, the WTO takes years to resolve issues.
We should be.
Standing much much firmer. There are things that we can do to basically push back. We have been mates, We have been loyal to the United States for eight decades, and this morning we saw how the US has responded to that. Now I might just point out it's Trump, it's not people in the United States.
You were saying that there are things that we could do. Would you like to share those thoughts with us?
Absolutely so. Last month we shipped eight hundred million Australian dollars to the US to help them with their with their building of their shipyards, to deliver a submarine that no one realistically thinks will get delivered. We've got another four billion dollars that we're going to send to the US. We can just stop that. We are not going to get Virginia class submarines. I was at the summit that mouth from Turnbull ran on Monday morning, or on Monday in the National Press Club. Everyone accepts we're not getting those subs. Yet we're just sending all that money. We can stop that. We can stop pying Gap, we can stop Northwest Cape, we can take critical minual exports off the table. We can apply a digital tax to Meta X and Google. Lots and lots of things we can do. If we just sit silently, we're going to get run over again and again and again.
We got side like Rex, thank you very much for that. I didn't want to have a chat with you regarding that, but it was pretty valuable in Putt and we appreciate it. Yet, let's get back to wireless steel works. How do you assess the situation at the moment? Is the condition improving? Cordamenttha running things well? What do you see as the future?
Look, Quartermantha is running things well, but we need to understand that Cordamantha has a statutory obligation to act in the best interests of the creditors. That's not the same as saying he acts in the national that cord Mentha acts in the national interest. So no criticism of them. They are doing what they're required to do from a statutory perspective. But if we look at what's been laid out on the table by the Labor Party, one point nine billion dollars for a steel works that the state government testified at estimates requires three billion dollars, and we've got no commitment at all from the Liberal Party as to what mister Dutton will do if he's in government, So there's all of uncertainties. In my view, the only certain pathway forward for Whaler is to nationalize it. If we're going to put one point nine billion dollars in and we want surety, I think we simply nationalize this. What I fear is that and this has been sort of talked about by Sebastian Ham's the administrator. We're getting offers. People are particularly interested in the mine expansion program. There's lots of valuable magnetite in the Middle Back Ranges and it could be that someone just targets that. Now the state government will come and say the Wireless Steel Works Act prevents that. There's an indenture that sits on the back of that that says you've got to keep the steel works and the mining the mines together. But we know that Sanjef Gupta had that same indenture requirement and he simply took all out of the mines, shipped it overseas and let the steel works run to the ground.
And you fear that could happen again, Well.
There's nothing the government can do to that. And they stood up in Wirra and said the indenture, the indenture is you know, a savior. But that indenture you can drive an iron or truck through. And it only applies at the acquisition stage. And you can have someone walk up and say here's our great plans for whaler. They get past the acquisition stage and then they can do something completely different. And we've seen someone just do that.
So what is the next step. You say, nationalization is the way we should go. A lot of people say, you know, governments have no business trying to get into the steel working business. Is there a happy medium?
Well, people say that about the steel works.
But you know what.
Our government runs a parcel service, it's called Australia Post. Our government has a shipyard it's called ASC. Our government runs air traffic controls called Air Services Australia. We've got a radar company.
We've got a.
Art c looking after railways. Wherever the national interest requires that the government can intervene. And not suggesting that we have politicians running wile that would be foolish. What can happen is we can have the government form a statutory corporation. They appoint a board of experienced people in the steel industry a CEO, and they run the company. But that way, when we invest the money where there's airsuitly surety that we maintain this highly valuable national asset. It's a critical national security and national resilience asset. But we don't lose the money that we simply would otherwise be giving to another corporation to turn it around. Maybe in ten years time, once we've got a new steel works, maybe at that point we can walk away from it with a profit coming back to taxpayers.
We have other steel works in Australia. Why as while a significant and important.
While there is the only steel works in Australia that deals with large structural steel and also rail. So we've got great companies like Blue Scope in Wollongong, bizz Alloy also in Wollongong. Blue Stope does predominantly sheet steel. Biz Alloy does specialty steel. We cannot lose the ability to build structural steel, we cannot lose the ability to build.
Our own rail.
We've got to. You know, we're really in uncertain times in the geopolitical sphere, not only with sort of China going, but we're seeing Trump retreating and we need to step up. We need to take charge of our own sovereignty. And that that doesn't mean you just buy submarines, tanks and ships. You fix things like fuel security issues, you make sure our industry is resilient. We need to make an investment in our national infrastructure to make sure we can stand on our own two feet. When the proverbial hits the fan, the.
State and federal government would say, look, we've already chipped in billions of dollars. That surely should be enough.
The federal government is spending ten billion dollars investing in US shipyards and in UK shipyards. That as a starting point, I think everyone will just go. Why is that sort of money not being directed at a place like Wyler. We've seen in the election campaigns seven billion dollars just being given to Queensland for the Bruce Highway. We've seen another seven billion dollars being given to roads in or Road and rail in Victoria. Governments make investments like this all the time. This is a critical national asset and we can't afford to let it slip away and die. And there's a risk of that happening. And the best way to avoid that risk, and the best way to give surety to all those workers in Wyler and all of the industries that feed off the Wireles steel works is for us to move towards nationalization.
The CNIC would suggest that if Wyler was in a marginal seat, the money would be forthcoming.
Well, you just heard me talking about where they are throwing money around. You know, they're throwing money around in the in the states where the sort of biggest marginal seats are, where all the marginal seats are. All of these, all of these allocations of money is in effect port barreling for the purpose of ensuring that those politicians stay in their jobs in Canberra, not thinking about the people in Wyler who have jobs, have jobs doing real work, really important national capabilities that they're that they're underwriting. So we've got to you know, you know, Wyler is not a case of por barreling. Wyler has come is down on its knees. It does need national support and that's the reason why money has been allocated. It's not a pork barrowing exercise. But what we are seeing happen all around the place is pork barreling and South Australia is just being basically ignored. We've got two marginal seats, Stir and Boothby and they're four hundred kilometers from Wyaler.
Rex always good to chat. Thank you, Graham, Rex Patrick, former senator trying to get back into the Senate, the Jackie Lamby Network Senate candidate for the upcoming election. My number is eight double two three double O double. If you want to comment on the wireless situation, the affairs of the day, the Liberation Day tariffs, I'd love to hear from you eight double two three double do double that number.
Five double A. Mornings with Graham Goodings twelve.
To ten five double A on this Thursday Morning, or President Trump's imposed a ten percent baseline tariff on all US imports. There's a twenty five percent tax on Australian steel and aluminium exports to the US, and a likely ten percent tax on Australian beef or potentially a ban that is still to be clarified. Well, we've heard what the Prime Minister has had to say about the tariffs earlier. What has Opposition leader Peter Dutton had to say?
I think, as we've said with the President so before, it's a negotiating position and there's a lot of rhetoric and discussion. But I think in the end what we need to be able to do is to sit down with the administration and negotiate hard on our country's behalf.
This was Donald Trump's message to presidents and prime ministers, To all.
Of the foreign presidents, prime ministers, kings, queens, ambassadors and everyone else who will soon be calling to ask for exemptions from these tariffs, I say, terminate your own tariffs, drop your barriers, and start buying tens of billions of dollars of American goods.
That's Donald Trump. Put up or shut up? What are your thoughts? Eight double two three double o double oh, Laurie, good morning to you.
Good morning. Look, the reality is that he's saying exactly what he's saying. If we negotiate with him and find out what tariffs we've applied to American products and then say right, well we will drop those if you drop that, that's exactly what he will do. He said that from day one. He said that, from the very first day he was elected. You put tariffs on my country, I'm going to put tariffs on your country. We've screened Blue Murder over the aluminium and steel tariffs. But did we go back to him and say, hey, you've put this tariffs on, what are we doing? The course you put that on there, and we should have looked at it at that time. And now, of course he's expanded it because we've not done anything about it. We've not taken tariffs away, we've not reduced tariffs. They need our meat. They don't produce enough meat themselves. The other aspect, of course, is that we talk about dumping. People talking about dumping earlier on. We have countries that dump. There's stuff here. They can't done it directly, so they might send it to New Zealand or to another country where it gets passed and then dumped onto US. We need to have a trail of products where it comes from. If it comes from New Zealand, where did New Zealand get it from? If it came from Japan, well where did Japan get it from? We've got to go back to the source of where it came from, so that we're not getting five tons from there and five tons from there five times from there. We're still getting done, but it's been done via other countries.
Has Australa got any tariffs on the US? I know we're what are they?
Well, that's the point. I don't know the exact ones. I know there was a wine one. There's a number of other products. I think there's some stuff on steel too. We're not a complete when they say we've got free trade agreement, it's not on everything. If it was a free trade agreement completely, it wouldn't be putting tariffs on its.
Yeah, well we'll certainly look into that. I know we've banned their beef. That that was because they had an outbreak of mad count disease, and that was for health and safety reasons.
But there is that ongoing is that the mad cow disease still applied in America as they still have the problem. Why haven't we listened If they don't have that problem.
Anymore, well, maybe they haven't imposed strict enough conditions on the health and safety there. In terms of setting a standard there. It must be a benchmark of a level that you have to get to before exports come. And Australia would set a benchmark. And if the US doesn't measure up to it, well we don't allow their beef into the country.
And that's fair enough. So what parts of America have the problem and our other parts of America clean where they do have that quality. Why is it a blanket bound.
Upon American beef?
Yep, no fair point. Good on your lorry. We will look in and see exactly what sort of tariff's Australia has imposed on the US. I thought because of the free trade agreement there were no tariffs. Maybe I'm mistaken. I don't think there were any tariffs coming from America to Australia before just because of the free trade agreement. But we will need to look into that here we good morning, grime.
Just go back a few decade. America's put a lot of money trying to be the sovereign nation around the world, kind of out out to China to speak, but doing their perspective religious things to try and savior the country's Afghanistan and gone back to the current wars of Ukraine and Israel, pouring billions and billions into the wars to find the bombs. And as you said to the Ukraine a while back, it's time you want to share your minerals or some of your property and repaying some of our debts because at the moment, I believe Berica, I've got thirty eight trillion dollars in debt. You can't keep borrowing money without paying back your bank stuff we're borrowed it from without some integrated to time barrier. They want their money back now. So what they're doing now with this pariffing is imposed Paris, try and get money back into America. Let it on the job network and make their own product. But they're going to cut their own noses, of their own faces off, because they only to send their price up into recession. And I'll give you, give me play stub Australian beef sought after beef to make and burgers and they love it. America. So the Burgi has becomes too dear. In America, they have one product on a food chain, it can be two dear. Now what instead of Fitzpatrick said earlier with your with his comments about submarines where there's a lot of components that have made around the world, let alone Australia. The aluminium steel that is worth setting over. If that's going to be have the fortitude of a tariff on the still that goes over there, it will probably help build the submarines. If we ever get them help build the submarines, then they should be extent from the from the contract. But at the same time, I think what his parents said about the submarines to just delete them. The other war defense at the moment much cricker to build much more or supposing to water fence and I'll go a stilth bomber untectables.
Yeah, and we don't want to be waiting twenty or thirty years. Good on your UI. From the text line, it sounds like we should be building so new, cheap, reliable, quick coal powered electricity supply, just like other places eg. China. So our big tough politicians tell us how they are going to stand up for Austrata against Trump's tariff war. Just how will you do that? Messrs Albanezi and Dutton as always long on rhetoric, short on detail. No one believes either of you, so says Kevin, we still need to be careful. We don't want to have a knee jerk reaction. I mean, Donald Trump has been planning this for some time. He's kept it very secret. Nobody has had a clue other than the fact tariff's would be imposed, what level they would be into which countries. It was announced only a few hours ago. I think all our leaders of all persuasions have to be guarded any knee jerk reaction saying will automatically, you know, duplicate those tariffs against you. I mean, that's a battle we cannot possibly win. When you're taking on a schoolyard bully at that kind, we can't win that way. We have to be strategic, we have to be clever, and there are ways and means of doing it. But just sort of slapping tariffs on that is not going to be good. I mean, I still want to see because I think the European Economic Union and China will impose tariffs back on the US, and that is going to cause an awful lot of trouble for the US economy, and that will rebound on Donald Trump. I know he is hoping that the car industry will be revitalized and other industries will be revitalized, and big industry from other countries will start up operations in the US and that will generate jobs and lots of money for the economy. But in the interim, there will be a lot of pain because with tariff's coming on from all over the world, that means everything you buy, and I do mean everything is going to be so much more expensive. Rewiler Rex is correct. Federal government should work in partnership with the private sector and scrap wireless steel works and start a brand new state of the art high time steel works and export full range of steel products globally. That does make sense, Andrew says weeks ago, with tariff's pending, I said we should ditch orcus. Today after what happened, is the day Elbow should ditch Orcus or somehow use it as a leverage to reduce tariff's on Australia. Yeah, and it's the time not to be you know, hairy Chester and Ah that's it. We're going to get back at you. We have to be strategic about this. You know it's not going to make a difference. The tariffs are going to come on. We could not get them lifted and Donald Trump is not going to be You're not going to steer him down. Let's face it, he's the bully in the schoolyard. We have to be strategic. We have to be clever and that means taking a little time, whether it be a few days, a few weeks, or a month or two. We want the right outcome for Australia. That is not showing that we're just trying to be bully boys or retaliate to the bully boy, but be very clever so Australia and Australians win back. After the News.
Five Double A Mornings with Graham Goodings.
Good morning, twenty minutes past ten, five Double A on a momentous morning. We've been talking tariffs, but you don't need to keep it just to that. There are a whole range of issues that you might like to talk about. We're going to talk about the impossible fifty cent public transport fairs that the Greens have been pushing for the upper houses past, but is it likely to go past the lower House. We'll find out as the day progresses. Dave, good morning, Good morning, Yeah, well thanks.
Hey, I just want to point out that we have a tariff as well on America on everything that we get off from. It's called aur GST, which is ten percent as well, so Trump saying well, tactical, it's it's you know, we've got it on them as well, so it's not free trade. And obviously Russia doesn't even trade, so but they don't have tariffs on America. Do you know what I mean?
Yeah, I'm bit amused about the GST. You mean because in Australian indes he pays GST. Are they passing that on to America? Is that what you suggested?
They are classing that as our tariff. Yes, that's ten percent, so that's why we get.
Ten percent now oh okay, well they didn't spell it out, but then again Donald Trump hasn't spelled it all out. Thanks for that. Good on your Dave out to have it to Yankalilla and Peter.
Hey, I'd just like to.
Say that I think we all need to relax about the tariff situation. I see it that This is payback. Donald Trump's not silly. He knows that our Prime Minister Albanezi doesn't like him, and he's slagged him in the past, along with Kevin Rudd, and I think this is the opportunity to take.
A little bit of a blow back.
I'd relact them, and I reckon when the coalition formed government, which I reckon is going to happen, Peter Dutton would be a far better negotiator. And I find it strange that we want to chet their beef anyway, a little bit of their beef. But I think we just need to wait till that occasion occurs, and I think all this will be behind out.
Good on you, Peter, Yeah, I hope you're right. I do wonder why the beef ban has been kept so long, because it was imposed for a very good reason, the mad car disease that was rampant in America at the time we're banned beefed. Does mad car disease still exist in America? Why haven't we left of the ban? Have we set standards that the US doesn't measure up to. We will investigate that a little further eight double two three double O double If you want to comment on that at twenty two past ten. Well, I think we all would appreciate a cut in prices somewhere along the line. You use a republic transport, how would you feel about fifty cent fares across the board? Well, it's happening in Queensland, it's happened elsewhere. What about in Southeastralia? Well, the Greens have been pushing for it, and I believe it has passed the Upper House. Joining me in now is Jeans MLC, Robert Simms. Robert, good morning to.
You, Good morning Graham, and good morning to your listeners.
The Upper House has seen the benefit of fifty cent to public transport fees. Where do you or where do you think it will go? Now? Do you think it's got a life?
Yeah?
Look that's right, Graham. So yesterday I'm moved a motion in the Upper House of behalf for Greens calling for the government to fund a six month trial of fifty cent public transport fairs as part of their next budget. And it was supported in the Upper House, although the Labor government indicated they don't support it, and now it we'll go to the government to of course consider their position. Now, I think this really demonstrates momentums building for this change. Because we saw a few weeks ago the Adelaide City Council pass the resolution. We've now got the upper house of State Parliament, which comprises of a range of different political parties all coming together to fack this. So now really the ball was in the government's court. I think they've got a real opportunity here with their next budget to provide cost of living relief to families by flashing public transport fares, but also to do something really good for the environment in terms of reducing congestion on our roads and reducing carbon emissions by getting more people onto public transport.
Have you done the numbers? How much can people or families expect to save?
Yeah, so over a six month period, your average family would save around seventeen hundred dollars in a six month period. That's assuming that they use public transport as five days a week. So you know, that's a pretty big saving in the middle of a cost of living crisis. Now, in their last budget, the mal Anaskisk government actually hiked up public transport fares by fifteen cents, so I think the fares now sit around four dollars ten now you know, that's a lot for a single trip. And really other states have been reducing public transport fairs. So if you're a South Australian and you take the basket or the train to work, you're actually paying more than most people into state was using public transport. That's got a shift and the government really i think needs to be looking at what other states are doing, in particular looking at Queensland and saying, okay, how can we make this happen here. There's a lot of support for it in the community and a lot of support for it in the parliament.
Too, but there would come at a cost. I mean, it does provide a revenue stream for the state government.
Well not really, because of course there would be a cost, but public transport is already heavily subsidized by government and so this really just is an extension of that principle. And whilst it might cost a little bit initially, over a long period of time, there's a significant as saving. That's more money for families to be able to spend in terms of supporting local businesses. For that money we're moving into the economy elsewhere. But also it's less wear and tear on our roads. It puts less of an impulse on our road infrastructure, and that also is a saving too, So you know, it's one of those things where sometimes you need to make an initial investment to see the long term benefit.
It hasn't been supported by the government as yet. What makes you think it might get through the Lower House?
Well, this motion really is calling on the government to consider and to take some action. I hope that they will look at the fact that you've got the Greens backing this, you've got the Opposition coming on board and supporting the motion, you've got other crossbenches supporting the motion, and they might say, Okay, there's a lot of support for this in the broader community, let's finally do something now. When the Transport Minister has been asked about this in the past, he said, oh, if you make it free, people don't value it. Well, I find that a ridiculous argument, given the government has made public transport free for seniors and rightly so, this is just one way of increasing the usage and providing supports people who are doing it tough. At the moment. It's my view and sort of stuff school view of the Greens that actually public transport should just be free, but a fifty cent fair at least is a really good starting point. And let's do a trial and see how it goes over In Queensland they did a trial for six months and they store an eighteen percent increase in the number of people to be using their public transport.
Robert Simms from the Green So, thank you for your input today. Fifty public transport fares. What would you feel about that? Do you think it's a good move? Well, obviously if you used public transport to any degree, it's a saving good for the environment, good for the economy. What are your thoughts? Eight double two three double o double ow Hi Graham albow will blame everyone else for their own incompetence. It's getting really pathetic, so says Adam case Is, Why would we swap beef? Makes no sense? You meaning Australian beef to the US, US beef to Australia. Well, I think there's a big difference in quality. K The Australian beef going to the US is superb. In fact, does it go to is it McDonald's, Burger's wherever that goes over to the US and it's used with US beef over there to obviously enhance the taste. What happens with US beef coming to Australia. I do not know. It would be interesting to find out, but there is a ban and it is significant enough that it has raised the ire of one Donald Trump. Good morning, mister Goodings. I am lobbying the whole fast Bay Council to fly our Australian flag from the Brighton Arch of Remembrance. I believe that we should be more patriotic and pay respect to our soldiers that have made the supreme sacrifice. As it is each flag I raise, the Council removes it within the hour. Okay. Our war heroes didn't die on those two days and shouldn't be remembered each day of the year. I have offered to supply the flag at no cost of the Council. Thanks from Dean Seakam Gardens back shortly five double.
A Mornings with Graham Goodings.
Twenty eight to eleven, five double A on a Thursday morning. You know what that means when experience matters, trust Johnston Withers Lawyers with over seventy five years legal experience Johnston Withers dot com dot au. If you have a legal question now is your opportunity get in early because you don't want to be waiting till the end and miss out. So ring now eight double two to three double o double. Oh he's the number to ringers. I welcome practice Leader, Tim Darney. Tim, good morning to you. Good to see you again, Good morning Graham, and thank you for having me flying Silo today.
I am I'm on my own, so take it.
Easy on me.
I think you've done it before. Oh yeah, once or twice a few times. Working from home is contentious. Anytime we mentioned it on this station, the pros and cons come out, and there are valid reasons for and against on all sides. But I see that AMP have been asked to sign of what can only be considered draconian new contracts regarding working from home.
Yes they have, and these came out a week or so ago, and AMP are putting them to all new staff so and incentivizing them to sign these contracts by saying, if you sign these contracts, you can have some shares. So AMP are very keen for people to sign up to them and the essence of these contracts, and I suspect something that's going to happen throughout with all employers is a level of surveillance for people that are working from home. So, for example, in this AMP contract, part of the contract reads that they may carry out continuous, ongoing camera surveillance on or around the premises of a MP and in any other place where you work. So I think what you would be looking at is a camera on your screen.
And of course every.
Laptop you buy now will have it in built camera anyway, And if you sign that contract, there would be nothing stopping from my point of view, a MP being able to look at you wherever you are all the time.
So big brother is watching.
Well, I just I'm not going to pick my nose anymore when I'm reading my emails. It could be embarrassing.
Or anything else, or anything else.
So there's always been this tension with there's certainly the Internet and with employers because you've got staff on all day and I know at our office we get quite a lot of goods delivered for people no longer from the US probably, but we get.
People's shop at work.
You know, they get onto the internet, they look at the weather, they look at what Donald Trump's doing today, they look at whatever. And so this is always been an issue because you can as the employee, you can monitor that obviously. Now a recent case last year, someone was sacked because their work at home person and the employer was carrying out keyboard surveillance, so they can monitor the amount of times your fingers touched the keys. And in this particular individual's case, they felt that her usage of the keyboard was underwhelming and she was sacked after giving a warning. She took that to the Fair Work and argued her case and actually in that case one but it obviously won't stop employers using some form of surveillance and what we might call surveillance an employer or an HR department probably calls oversight. Now we saw the example last year in South Australia where the council worker had the workers comp case because she was working at home and when she went to get her coffee in her coffee break, she trips over her puppy fence. Right, yeah, so because she was looking after a colleagues bunny anyway, So again that's the employer's ability to oversight, to monitor, to surveil. In circumstances where you say, well I want to work at home, well that's all fine, but we want to be able to you know, we want to be able to see what your house looks like. This is versus people saying I don't want you videoing me while I work. That's terribly intrusive and unfair.
Yeah. Look, we might continue on this tien, but we do have a couple of calls mounting up. We will get back to working from home and surveillance. Dave, go ahead.
Yeah, I was just wondering. So, given out a climate at the moment, we've got people that are struggling to pay bills, and one of those bills may actually be things like car insurance and home insurance etstead. There we then have the problem of you that are running rampant around the streets. So if an underage youth steals my car and I don't have let's say, comprehensive insurance on it, and it is trashed and burnt, the youth is caught by the police, he obviously is under raged. I was actually wondering whether the law is such that I can garnish assets or money from the parents of the child to cover the cost of my lost car.
Yes, that's a really contentious issue. In short, Dave, I would say, no, it's something that is put to us, not irregularly or not infrequently. People will ask is there some other way if But to be honest that the person that's committed that crime, if they've got no assets, the only thing you're really able to garnish would be there, for instance, their social security, their centraling payments, and you might be able to get a judgment against them, take them to court and get an order to be paid twenty dollars a month from their benefits. That's not really a particularly enticing thing to do, I must say, and probably would cause more hassle than anything else.
So it's a lose for the victim.
The victim.
It's a big lose lose and probably a reason why security companies are doing really well and all the rest of it, because it really unless you have that comprehensive insurance, you're really left, you know, with very little. And this is something that comes up a lot in topics that we cover, where you've got these uninsurable effectively uninsurable losses, and it's really really unfair for the victim because, as you say, it's a lose lose.
Thanks a lot.
Sorry they we couldn't give you what you wanted. Let's go to golf. You heights, Michael, good.
Morning, Oh good idea.
Graham, how you doing mate?
Well, thanks, you've already said that.
Graham, and mister Lawyer.
I've got a boundary wall, and two meters from the boundary wall, my neighbors have built a pool and now they've also put a deck right up to the boundary wall, so one side it touch as the pool. On the other side it's not actually mounted to my house, but if you could slip a piece of paper through there, I'd be surprised. And when they run the full pump at full pressure, my house vibrates and there's this horrible noise in our laundra mm hmm. It's quite It's yucky, to say the least. And it's a sort of noise if you were death, it would drive you crazy, right, yeah, it kind of drives me crazy as it is. Is there anything I can do about it?
The first thing that and the most difficult thing in the first instance, and you have already done this is obviously talked to the neighbor about it. If the neighbor's an approachable sort of person in terms of look, this is a serious problem. It's really from our point of view, it takes away from the and it's an enjoyment of life issue and you've got a right to that and so and again I suppose you look at well, what might be the solution, and it might be a practical solution. I really would be struggling to think how that would be that practical. But I mean, just off the top of my head, they move the pool filter, you, I don't know what it might be. The next thing is obviously to go to the council. And have you done that, Michael? Have you spoken to the council about it?
No?
I haven't, Yeah, because it's I've.
Spoken to them or don't like being a wig and and I don't want to make ways but it's bad.
Yeah, yeah, And look there's a whole heap of people experiencing that with the dust problem in those new developments, where really it detracts significantly from your enjoyment of life. So look, the next thing would be I would definitely be talking to the council. I mean, at some point you should have got some planning, you should have been on notice in terms of it being a substantial building. Can you recall that happening?
Did you get in at all.
I was not for it at all. The people told me they were building a pool and explained what was happening, but I never foreseen this coming at all.
No.
I mean, look that the next thing I would do is actually talk to the council and just say, look, this thing's been built. I'm not sure whether it's compliant, because that would be the other issue. I think even perhaps do it the other way around, before you speak to the neighbor. Just have a talk to the council in terms of whether it is compliance. I mean it might not be compliant, and then you've got significant leverage with your neighbor. So sometimes people build things and they don't realize and that, in fact, you can't alter your backshed just by going down and buying a strat co one and chucking down some cement. You actually required to submit plans to the council. It's pretty you know, it's not a very high bar to reach before you've got to submit plans. So if you can't recall getting noticed, they may never have actually satisfied all their compliance obligations. So look, there's a couple of ideas.
Michael.
I probably can't help, unfortunately much more than that.
All right, No, you've helped them greatly.
Actually, I will tell your advice.
And I will approach your council.
Had to get it sort about. Let's go to Brompton. Brad, good morning, how are you going good?
I have an interestingly tricky one. Remember the little goal that was sexually assaulted and raped on the Seaford line a few years ago.
M yeah.
I think she's a very very close family member. And I now have a POA for her to deal with victims of crime? Right am I? Out of time limits?
No? No, so the victim of crime. The time limit in the legislation is three years, but they are and I don't think they'll mind me saying this on here. They tend to be extremely flexible.
Yeah, because she's been in those states to deal with outself.
No, and to be honest with you, under general taught law, and I think that the department would deal with it this way. Is that in actual fact, Brad, she's got until she's twenty one years of age.
Okay, nowhere near that yet.
No, no, no, And that goes out to anyone, any child that's injured, anyone under the age of eighteen. You've got three years from your eighteenth birthday to commence legal proceedings. So now don't leave it that long. Do get it in as soon as you can. But in my experience with victims of crime, they're they're pretty sensible.
Yeah, but now I've got the pr I can deal with it.
You can.
You can deal with it, you can, And all they need is to be put on notice. So it's really just a matter of getting something in to start the process and then you know it's you've ticked that box, your star. Best of luck with that, Brad. I very much hope that she gets something for what sounds like a horrendous thing she's been through.
Brad, thanks so much for your call. If you have a question of Tim Downey, give him a call right now. Eight double two three double doh, double oh.
Back shortly five mornings with Graham Goodings.
And it's our regular Thursday legal segment compliments of Johnston with his practice leader. Tim Darney is in the studio with us. If you have a question for Tim, now is the time to ring eight double two to three double o double oh. But before we take any more calls, Tim, I'd like to get back to the amp story where the staff are being asked to sign a contract which includes virtually the ability of people to or AMP to install cameras and watch your every move if you're working from home.
Yeah.
Look, there's a legal expert that's reviewed this contract, Andrew Stewart, and he's quoted as saying it's that he'd never seen a more one sided contract in favor of an employer. Other parts of the contract include how it would prevent an employee seeking advice on the contract without amp's permission, and that they are required to assist any terminated employees required to assist AMP in any legal proceedings for up to seven years. So look generally around these things, you know. My view of this is AMPS seen that employees are being given some serious latitude in terms of being able.
To work from home.
The Fair Work Commission is being pretty genderous in a lot of conditions that they're giving, And I think this is a sort of a case, if you like, of the employer striking back and saying, hey, if you want to work from home, that's fine if you want all these benefits, but we want to control, we want more control. And I don't there's a real tension there because I don't think your average Australian is really going to cop some of that, for example, being able to be sent to a doctor of their chew using it at any time they want, you know, all of this sort of stuff. It's pretty heavy handed. But if your work for a big company, a bank or whatever it is, and you've been asked to sign a contract, there might be an incentive in that contract, Like in this case, if they signed on they've got a thousand dollars worth of shares.
So and I.
Suppose you got to ask yourself, why are they giving me a thousand dollars worth of shares?
Maybe I should read this contract very closely? But do do you have a choice and signing these? Could you just say? Look now I prefer not to.
Yeah.
So, if you're an existing stuff member, you you absolutely do. Now you've got you because otherwise it's it's a constructive dismissal. They can't just say oh, well, bad luck, you're out, because they'd be dismissing you. Clearly been an unfair dismissal, you know, so that.
Would be that.
But if you're a new staff member and then you really wouldn't have any choice you've just started, they just say well, here's the contract, and I don't think you need to be Einstein to work out that. This is how there the contract would look to new staff coming on right now. For your average employee, they get offered this job or job's advertised, they.
Go for it.
You know, not a lot of them are going to read that level of fine print. They're just going to go, way, I've been off of the job, I've got the job. Fantastic. Where do I sign? And don't worry about reading it? You know, I know what my salary is. Yeah, it's thirty seven and a half hours a week. Will be let's go hey and I get one thousand dollars in She is. Maybe, then when the boss emails them and says, oh, by the way, your we've been watching.
You and we don't like what you're doing. Too late, too late, she cried. We have a call John, good morning.
Yeah, get a question bit out of will. Now, what I've done is with my will, I've written it will go to a preferred person A. But in case both of us die at the same time, then it's going to go to persons B. Now, if as person B has got a friend that I dislike with a passion. Can I put it in the will that if that person be ever ends up coming around to my will property, then the person be forfit's completely their right to my property, even though it's already been wheeled over.
Wow, that's a really difficult question to answer, John, And I don't think you could put that level of I don't think you could put that limit limitation on an executor, because that's effectively what you would be doing. I've never seen that level in a will before. I understand if I'm quite right and be call them John. You're happy for John to be the executor, right, but but you intensely dislike John's friend, if that makes sense. Yeah, and you don't want John's friend to have anything to do with the with it at all. Look, you could you might be able to craft the will, for example, where it says, you know B is the executor to the exclusion of you know, person named X. But it just I'm just not quite sure about that, John. Look, if if you're really concerned about it, you feel free to call our office. We would have a look at it for you, but at the end of the day we would end up having to draft the will for you. But it just may not be lawful, if that makes sense. Sorry, I can't be much more with that one.
No worried and just a little bit of useless tributa the noise in the background.
We were going to ask, Yeah, I'm a parlame house.
Call in the morning. I thought it was hot air, but I didn't realize it was a partiment house. On the text line, Tim, if someone destroys your car, aren't you a victim of crime? Why not receive money from huge Victims of Crime fund?
Yeah, the Victim of Crime fund, as we understand it is for personal injury. So one of the earlier callers that was called Brad who was calling on behalf of the victim. She has a victim of crime claim. She was a victim of crime and she suffered an injury. So in her case she'll be paid compensation based around her nervous shock and her getting appropriate treatment and so forth. But if it's property, then there's really the claim you've got is is really restitute? Well, there's two things. There's restitution, of course, and you can through the court. The court will often order restitution from the defendant. But the problem there, of course is can that defendant who's probably about to spend a three year stretch at Yatler.
Can they can? They really?
Are you ever going to see that money? So that's problem ay, And then the other thing you can do is sue them. So there's nothing stopping you suing that person for their damage. But the same problem is how are you going to get that money from them? Just as a very general comment, that is slightly off. But if you're involved with a person, let's say, in a family law dispute, and there's a there's domestic violence within that dispute, that's when we'd be recommending that you sue that person if you've suffered any injury or damage, because you can then try and get restitution through the family law proceedings. Yeah, so that's one way of getting of being able to get some form of compensation. But really, you know, we come back to this same thing where we've all got to get so insured because otherwise we you know, if we get our property damage, it's a lose lose for us.
Final comment from David's regarding the person with the problem with the noisy neighbor's pool, ask the neighbor to turn on his pool pump and then come and listen to how noisy it is in your house. It might be an idea.
Absolutely, And this is it's a bit like these developers that are creating, you know, a little Sahara down at you know, down South.
Town, Yeah, down at CELX.
I mean, why don't why don't Why doesn't the council wake up a few developers in the middle of the night and say come on down and clean some of these patios because it's one of those things, Well, what's a bit of sand or it's a little noise.
You know, it's easy to say when you're not being blast sand blasted. Absolutely well, Tim, thank you very much for coming in today. Tim Darney from Johnston with his lawyers. When experience matters, trust Johnston with his lawyers with over seventy five years legal experience. Johnston with his lawyers dot com dot au. Tim will be back next Thursday.
Five Double A Mornings with Graham Goodings.
Seven past eleven, five Double A on a Thursday morning. All talks mean about tariffs, very little about the election coverage. I'm sure that the campaigning is still going on. We're hearing little bits and pieces and will certainly pass on the most significant ones. To you, but all the reactions being to the tariffs. I mean, let's face it, with friends like the US, who needs enemies so much? For the Australia US Free Trade Agreement, Australia has been hit with a ten percent tariff on all imports to the US as part of a global tariff regime imposed by US President Donald Trump. And that is the fact that I mean he singled out Australia's ban on the import of US beef that was imposed in two thousand and three after the US had cases of mad car disease. So what impact and what reaction is it having on the Australian red meat industry. John McKillop from the Advisory Council joins us. Now, John, good morning.
To you, Good morning, thanks for your time.
We're not surprised or shock but this has happened. But what is your feeling.
Well, you know, I suppose it's bad news, but probably not as bad as we initially thought. And again, when as you mentioned in your introduction, Australian beef was singled out, and I'm not aware that there was any other product that was singled out from a particular country, so you know, we skipped a bit of a heartbeat when we heard that. As it turns out, there's not a ban on Australian beef into the US, so that's been a great relief. But just need to clarify too, there's not a ban on US beef coming into Australia. All we require is that they give us lifetime traceability, which is what they expect from US. And luckily Australia's had that system in place for nearly twenty years, but the US refuses to put it in place. So we're not sure whether those cattle or the beef coming into Australia is born in Canada, or born in Mexico, or born anywhere else and then goes into the US and then comes to US.
Oh so interesting, right, Yeah, can we just sort of clarify that that is interesting because Donald Trump suggested there was a band So as you were saying, it's not a ban, that they're just not fulfilling the Australian requirements.
They're just not meeting our biosecurity measures, you know. So it's yeah, there's always a bit of a half truth and tells the story and there's no doubt that he singled out Australian beef to appease some of the US ranches. In a particular one from Minnesota, he called for a seventy percent tariff on wagu And why well, he's a wag, you producer. You know, there's no interest like self interest, and there's no doubt that Donald Trump's trying to appease that part of the audience.
So what impact is it likely to have on our red meat exports to the US.
US is our largest market on beef and one of our largest markets on sheep meat and also four goats. Beef that goes in there is predominantly, not exclusively lean trim, which gets mixed with their very fatty trim because most of their grain. Most of their beef is grain fed, and that mixture makes the ideal beef paddy for the US consumer. Basically don't produce enough lean beef because they're nearly all grain feed, as I said, so they're going to have to get that lean beef from somewhere. So given in the absence of it being produced in the US, are going to have to import it. The good news is that whilst we've got a ten percent tariff, we're no worse off than they other importing or exporting country into the US. Someone will have a much higher tariff than US. So the only one that's going to lose out of this is going to be the US consumer is now going to have to pay more for their much beloved hand.
Yeah, I see what you mean. I mean, it's a pretty well leveled playing field at worst, because if there's ten percent across the board, some countries will have more, so they're not going to be able to buy their beef any cheap anywhere else.
No, And as I say, it's you know, they could get lean beef from Brazil, but Brazil's you know, already has a twenty six point five percent, and add another ten percent of that, well, they're going to be well and truly out of the money. So it's yeah, so it doesn't you know, obviously it doesn't make sense on a whole lot of fronts. But I'm not sure that that's really common sense comes into it in terms of the Trump administration.
So as far as your concerns, just steady as you go, as she goes, do we need to be doing anything to ensure that, you know, the industry is protected. It sounds like not much is going to change.
Well, there's no doubt it will be some impact because ten percent tariff is like we are to you know, deflect some demand in there. But because what happens at the moment in the US that ten percent of US beef is export, so they import, as I said, the lower value trim from US and that allows them to export the high value cuts to other countries. What's likely to happen is that some of those high value cuts will be diverted back in again into the US to go into trim. So you know, Australia will then look to go and fill those markets that are now but not being supplied by the US. So there's no doubt there'll be a reshuffling of it. But you know, the fact is we said, you know that lean trim is demanded by the US and there's no little viable economical alternative to it in there. But in terms of what we can do, yeah, we need our politicians as soon as this election's over, to be over in the US and to be logging for that ten percent tariff to be eliminated altogether. You know, we need to re establish discussions with EEU OROU free trade agreements as well. As existing, pushing up other free trade agreements and pushing those along with like minded countries who actually honestly even free m fair trade, not lucky US, which has proven not to be the case.
What percentage of our red meat would go to the US.
It's well about seventy percent of what we export. Is about seventy percent of what we produced in beef is exported, and the largest single customer of that is the US. So if you took last year, we total exports were about six point seven billion dollars to the US and beef was the majority of that. Sorry, five point seven billion dollars of which beef was the majority of that.
So it's pretty cignificent.
Billion in sheep meat and one hundred and ninety million.
In goats, so we're not as dependent. I mean, I know when COVID struck and the issue with China and they banned or put great impults on our wine, the wine industry took a huge hit in Australia because we were focusing so much on China. But it would seem that red meat, although US is our biggest market, we're a bit more diversified than that.
Yeah, we're much more diversified, and we're long past the days where you know, a particular carcass went to a particular market. Now it's all carcass optimization, where the trim will go off to the highest and best use, the loin cuts will go off to the highest and best use, the secondary cuts will go off to the highest and best use. And so that may be China, that may be Japan, that may be Korea, that may be the US. So and you know, the lessons learned from China when they banned seven of our export advertise from supplying into that market was don't be too dependent on any one market. And because it's been proven that China is not a reliable trading partner. Now the US, which has been a surprise to everyone, has been proven not to be a reliable trading part Yah.
Good advice to this very day. Thanks for your time, John, good to chat yep, great, Thank you, John McKillop, Red Meat Advisory Council Chair. So they're not they're happier than they thought they would be. Ten percent is still ten percent, but it's, as John said, more likely to have an impact on prices in the US than here in Australia. Well, I say you shouldn't mix business with pleasure, but they clearly haven't been to the AFL Gather Around Business Lunch. This event brings together the AFL industry in the South Australian business community, offering the chance to celebrate footy on networking for your business. This year's lineup of speakers includes AFL CEO Andrew Dillon, Premier Peter Malanaskis and AFL talent and media personalities Patrick Dangerfield, Rory Sloan, Kate McCarthy and Nathan Buckley. What a lineup. Tickets include seated dining with a delicious two course meal, a three and a half hour drinks package, exclusive guest speakers, networking opportunities, and an official twenty twenty five gather Around souvenir. Don't miss the AFL Gather Around Business Lunch on Friday April eleven at Adelaide Conventions Edit. Get your tickets now at AFL Venture Office or AFL Eventoffice dot com dot AU.
Five A Mornings with Graham Goodings.
Ninek past eleven five on this Thursday morning. Eight double two three double double the numbering if you want to take part in the show. Paul says the price of beef might come down here locally, the same way the price of crayfish did when it wasn't being exported as much. Question mark. I would stick with a question mark, Paul, I would doubt that would happen. Somehow. Biden spent so much money, alb and easy. Spending so much money, you have to put the brakes on somehow. And this is what Trump is doing looking after USA. We need to look after oustrata. Our kids and grandkids are going to pay. Read the US tariff. Steve says, we need to take our time and think carefully about our response based on what eventuates. If the impact turns out to be minimal, holistically, why should we shoot ourselves in the foot? Steve, I think that's good advice. Any hairy chest to knee jerk reaction is fraught with danger. So let's sit back and analyze it and see what is going to happen, and then plot our line of attack. High Graham, we just need to get a bit of a Canada about us. They've clearly put their money where their mouth is, and the impact on Trump's version of the USA has been swift and severe. Good Kevin, Jim, Good morning.
Good morning Rame Magic show your previous person talking style a little bit of mustard thunder. But I used to be a meet inspector and the USDA, that's the United States Department of Agriculture. They'd have vigorous testing of our you know, procedures and product we was producing that. But what I was going to ring you up about was the Americans like the bull you know from all these big properties in the Northern Territory in Queensland because it's pure lean and then like that, like the man said before, they mix it with their fatty coumate for the hamburgers and all that, you know. So that's they love our bulls, you know because there's millions and millions of them rohaming around up in the Northern Territory, you know.
Right, So that's it.
But they're rigorous testing was incredible, you know for their veterinarians who used to come over, so you know, there wasn't just letting any old nacis the absolutely first class excellent.
Good on you, Jim, thanks for sharing that with us. Talking about tariffs and beef and the like. That's the good stuff that we send to America and they try to send out the cheaper stuff to us on the election trail, not that there's a whole lot happening off the back of Trump's announcing tariffs on goods, including pharmaceuticals. Prime Minister Albanesi is announcing more medicines to be put on the Pharmaceutical Benefit Scheme. The Prime Minister says the new medicines include one listed to treat geeloma, which occurs in the brain and spinal cord and is the most common cancer in the central nervous system in children. This is expected to support one hundred and thirty Australian children and their families every year. Without this PBS subsidy, families could be up for one hundred and seventy eight thousand dollars a year as a result of the disas. When they come into pharmacies like this, the cost will be just twenty five dollars per prescription, making an enormous difference. Health Minister Mark Butler says a medicine to help treat bone marrow cancer has also been added nineteen hundred patients a year who would otherwise be paying seventy thousand dollars on the private market for this life changing, life saving treatment and this rare form of bone marrow cancer and he's the Prime Minister on the new PBX medicine.
Today I announced additional medicine so that will be added to the scheme in April, including medications that support children who are diagnosed with glomer This is an important issue that we need to deal with. Grioma occurs in the brain and spinal cord. It's the most common cancer of the central nervous system in children. This is expected to support one hundred and thirty Australian children and their families every year.
It's now twenty two past eleven five double a our election rap. Peter Dutton's held a press conference. He spoke about the tariffs this morning.
The announcement obviously out of the United States in relation to tariffs.
I do think this is a bad day for.
Our country and it's not the treatment that Australians deserve because we have a very trusted, long standing and abiding relationship with the United States. It spans one hundred years and we have fought alongside and with the Americans in every major battle over that period of time. We have a special relationship with the United States and it hasn't been treated with respect by the administration or by the President. And the question now is what do we do to resolve this matter and to do it quickly. As Prime Minister, I want to make sure that we can help our beef producers, make sure that we can help our manufacturers, make sure that we can grow our industry, and make sure that we can increase employment in this country.
That's Opposition need to Peter Dutton, who's in Perth at the moment on the campaign trail. The Coalition has also announced a new pledge to upgrade roads needed by the mining and agriculture sectors, obviously in the West, and he's announcing six hundred million dollars for the infrastructure program. There's a lot of money going around. What I want to ask Peter Dutton and what I want to ask the Prime Minister is this money that they're throwing around at the moment is that taxpayers money or borrowed money? And if it's either of those, I want to know A why are we paying it out of our pockets? And b why are we borrowing so much money? But we'll have to wait the opportunity to speak to our leaders about that. Greensley that Adam Band says Australia should end orcas. In response to Old Trump's latest tariffs. In a series of posts to x formerly Twitter, Adam Bant wrote, end Orcus forget Trump's Liberation Day. Today should be Australia's liberation Day, when we finally liberate ourselves from being shackled too closely to Trump Trump's day. It's time for labor and liberals to act. Let's cancel Orcus and set our own independent foreign policy. Peter Dutton's also said the Prime Minister is weak and missing in action. So the barbs are flying thick and fast. Eight double two to three double o double is my number from the text line. So why is beef so expensive here? Then, after all this is said, says Brett, fair question, fair question, and we'll get dearer too. But Trump placing all these tariffs onto imported goods, do you know how much money these tariffs will produce for the United States? That is a point. That is a point that because that money will be taken you would think not by the producers or the purchases of Australian goods. Say the government will take the tariffs. But the point is the impost of tariff's on America will be huge because reciprocal tariffs imposts imposed by other countries, Americans will all be paying a lot more for it. The stock market has already reacted, and reacted violently. The Australian Stock Exchange, I believe, was down two percent, close to fifty billion dollars after the announcement of the tariffs. I don't know how stock markets have reacted around the world, but I would suggest it would not be in a positive way. Good morning, Graham. Just a bit of a heads up, something a little bit different than talking about tariffs. It is spitting in Salisbury, East. I think they call it rain. Good on your Paul. Yes, somebody told me that there was raining in the west this morning, or a few spots, and when I got out in the car, no sign, absolutely nada, nothing. It would be nice to get a little rain. I believe a little bit is forecast over the weekend, but this stage, I'll believe it when I see it. Max says we ban USA beef and expect to be able to sell ours to them without any impulse from them. Trump would say, our traceability requirement is a cost to USA farmers, Hence a new small ten percent tariff interesting the blowback from avid rapid Trump supporters at the expense of US. It's fine to agree with Donald Trump, and he's done a lot of positive things for the US, there's not out about that. But when it comes at the cost of Austrata, I think we should be putting Australia first. Hopefully our Prime minister is negotiating the tariffs and once this is finalized, we will have clarification on the tariffs. So it says two, Sue, Well, I guess at this moment our ambassador at large in the US, one Kevin Rudd, would be putting in representations to the President, wouldn't you think? And I wonder how that would go. Ray, Good morning, Yes, good morning Graham.
How are you this morning?
Well, thanks, good Graham.
I've been watching a show on Strength Television television and it's called a Landman. It's about oil mining in America and some of the things they bring up in that show, episode series one, episode five. They have a meeting and they talk about renewable they talk about and people like these are big money people. These are like multi multimillionaires who run oil and also they come up to a wind one of those turbines. And a girl lives in New York and she goes, what's that. He goes to win turbine. I haven't seen one before. Now they must be good. He goes, you can't generate enough electricity off that. The biggest power we network we have in America would take your city wouldn't even last four hours on.
Them, you know.
And the renewal, of course, which we've talked about, and I've heard you talk about so.
Much on the show.
I just thought, mate, please.
If you'd like to have a look at that, because.
It's so so true what they say in this meeting, this one guy and he goes, you know, it's the price of oil. And this multi billionaire a guy turns to him there and he says, it's not about you and making your billions. It's your children and your grandchildren. You've got to start looking and after right.
So when I thought, oh, where do we see this doco? What's it called?
It's not a doco, it's a it's a it's called land Man.
It's on Paramount land Man.
It's got land Man. It's got Billy Billy Billy, Bob Thornton in that. And he's the landman. He's looking after the oil fields and.
How they do the oil fields.
But you know, like it talks about like I said about renewable to me, and he turns around and says, it ain't going to work. As long as I'm getting my seventy eight to eighty four cents.
A barrel.
Dollars a barrel, I really don't care. And that's when the guy turned in and said, you need to look not for what you'll getting today, but where the future is for your children and your children's children.
Good on your a. Thank you very much for your comment. Yeah, all good renewables. We just have to have that transition because we're a long way from it at the moment. If you cut off coal, you cut off gas right at this very moment, our power would be in a very parlors state. So we have to transition. If you want to be renewables, all well and good, but we have to bridge the gap. And at the moment there isn't a plan that would seem to work. Want to talk about the flights to San Francisco coming up from United Airlines. Great news, a tenth airline is now flying out of Adelaide. Ten Airlines ten International Airlines. Guess which big airline doesn't fly out of Adelaide. Tell you shortly.
Five Double Ay Mornings with Graham, goodings.
Good morning to you. As we enter the final half hour of the show. Still time for you to give us a call, Say hi eight, double two to three, double O, double O and tell me. I'm getting a few texts saying it is raining in certain spots around Adelaide. Is it rain or just drizzle? A few drips on the ground would be nice if it was something more substantial, wouldn't it. Well some good news today. We welcome the news that United Airlines is introducing direct flights between Adelaide and San Francisco. I think it's another indicator that the Essay economy is vibrant and strong and being recognized as such by airlines around the world. One man who's got a smile on his face all about it, and for good reasons. Brendan Cox, the managing director at Adelaide Airport. Brendan, good morning, Good morning Graham.
Definitely have a big smile. You can't see.
More good news for Adelaide, the airport in the state.
This has been generations in the making. It's hard to describe. You know, there's been many hands have made have worked on this over decades, so for it to be able to announce it today is incredible And as you say, it's telling on the confidence I think many business partners have in where Adelaide and South Australia.
What do you reckon clinch the deal?
Well, I mean there's lots of things. There's so many things that mine up in United have put a huge investment. So these aircraft, it's brand new, it's a Dreamliner, their large version flying fifteen or sixteen hours depending which direction. It's got a list price of nearly half a billion dollars. Now they're an American carrier, so they've been able to get access to that beautiful aircraft coming off the borrowing production lines when other airlines can't. So there's been this demand building and other airlines haven't had the aircraft to put it and they've been out of pount so they've seen it as an opportunity where what we probably don't realize you're at Adelaide is United already have around about a quarter of the Australian market share in and out of the US, but out of Adelaide indirectly it's only seven percent, so they can see more than ever the potential to grab that market and to see where the future of it's it's heading it And look, they course add up the pieces around San fran and Adelaide tech hubs, why and those those connections as well as where defense is heading. Despite all of the short term noise that you're getting at the moment, they're a very mature, established business that look through all of that noise into the long term. And the final plank is really got to hand it to the South Australian government who you know, when have been out of partner with US and with United to make get this over the line, to create the momentum and the confidence but also support by way of marketing and promotion in the US market that you know, it's the biggest economy in the world, but it's only our fifth biggest inbound market, so they can see through South South Australian tourism is a massive inbound potential to turn that on. So, yeah, all of those planks combined and everyone was kind of mature enough and sensible enough to just clear any obstacles and help you know, to jumped through. They absolutely stake.
Today, it's almost the last piece in the jigsaw puzzle. You know, we've got we had ten other international lines flying to all points of the compass effectively, but the biggest, the jewel in the crown, the US missing.
Well, this is an entirely new continent, entirely new continent, and there are other continents we don't serve yet. So there are more dots on the map that are outlined in our twenty fifty Aviation vision. So you know, there's there's more work to do. And look, this is a seasonal service, so it'll only operate from December to March, and we have to make sure that's the success with a view to then attracting United to commit here year in year out, ideally daily in time. And so no, this, while this is a really good day, there's plenty more.
Work to do.
I mean there's huge appeal, isn't there in being able to pack up your bags and head to the airport, jump on the plane and end up in your final destination as opposed to having to fly to Melbourne or to Sydney or wherever you know, just that jump on the plane here, get off there, thank you very much.
It is a game changer. Your holiday starts in It starts in the airport somewhat, but that you really and you feel like you'll get a taste of the US on the United aircraft. And I mean it's like a living hell the idea of getting say, children through the tarmac at Sydney Airport on a bus and you can just put all of that out of your mind because you get on the aircraft and then you land in San Francisco and it's just as easy as that. A complete game changer for that market. And you think about it the other way around too, where people from the US didn't have Adelaide in their minds, suddenly we become a convenient, NonStop destination for Americans looking to get a taste of South Australia.
Now bredon And I don't know if you can answer this. I've just had a text message from somebody saying, why flights around three point thirty am. I'm assuming thought mail runs, et cetera were not before six understand redirected flights, but people, kids, schools, it's.
Working, you know.
It's actually two fifty five PM is when the flight departs, and that most people when you're going on a trip to a new continent. Are very happy to be planning their time around around that. I mean, the overall schedules come and remember there's crazy complexity in this. So San Francisco is seven and a half hours behind us, so that aircraft leaves for their first one, as an example, leaves on Thursday the eleventh at eleven o five pm in San franz. It then arrives sixteen hours later because it takes a little bit longer into the trade winds on the way at nine thirty am on the Saturday. So it's just mind boggling when you think of the complexity of how these aircraft connect all over the globe. So this is actually extremely i guess leisurely. So sometimes with flights you can feel like you fly at a fairly brutal time. This will be a really easy way to fly. Interestingly, you know you'll leave on say you've on that first flight the first thing to December at two fifty five pm. You'll land in San Francisco eleven fifteen am, so just in time for lunch and to make the most of the day in the US. So actually, I think the schedule is remarkable that they've pulled this together and on the other way, you know, you're getting on in San Francisco just in time to go to bed, and then you land have breakfast, and then you're coming into Adela at nine point thirty having had you know, hopefully a good kick, because I can tell you this United Aircraft's beautiful will makes it very easy.
Now, that was a great explanation, Brendan, but it wasn't quite what the Texter was calling out. It's not about the wonderful United flight. It was about a flight at three point thirty in the morning that they heard, though it could be no flights before six morning.
It's fray every night. Actually, there's about ten to twelve movements every night because the curfew applies to regular passage transport, so there are fus. You know, the whole city would stop if you couldn't have freighters come in. But they fly over the ocean and so normally no one hears it. But in the event that there is dangerous weather conditions for whatever reason, or or there's some other safety issue, that's when they can come over.
The city.
And that's a very rare occurrence. The other thing that can happen at night time is that there's Royal Flying Doctors and which tends to be a bit quieter, but there can be organ transplants as well, and they come in lear jets come in really quick because there's not much time you can have between you know, someone an organ being brought in and being useful. So they also can sometimes come in at night time. So no nothing to do with any people getting on planes going to place as this is sort of essential emergency services at night.
Finally, Breton, great news about United the final piece of the jigsaw. What about Contus? When are they going to fly direct out of Adelaide?
I mean Conscious will be looking at this, and United and combination with virgin are obviously Constius's biggest competitor. They'll they'll they'll look at this and look at the implications of that, you know, with Conscious, I'd like to think it remains it's not if, but when And And actually we just saw news during the week and the CEO of Conscience was in was in Hamburg where there's some of the Conscious new aircraft are getting fitted out, and was asked the question about where some of those new aircraft might fly, and Adelaide to Singapore was one of those potential destinations, so we are front of mine, but unlike in this coach, with United having the aircraft to be able to put it towards us right now, they just don't have the aircraft. So we're very much looking forward to those new aircraft coming off the production line and quantus case are coming out of the air busp.
Well, Brenton, congratulations to you and everyone involved, and to United Airlines and the nine other airlines that fly to points around the compass. We'll get quantit here yet. Yeah, go and enjoy your day.
And thank you Grahamy and looks forward to your listeners. Booking some flights on United for.
Christmas sounds good. Brenda Madas and director of at Adelaide Airport. Very happy man, and with good reason too. I mean, it is a real show of confidence in the state, isn't it that an airline like United Airlines. It's not the best day for it, mind you, is it? I mean, do you feel if you're a red blooded Aussie and not happy with a tariffs feel like, oh, I'll just book a holiday to the US when the dust settles. It's a good place to visit. Eight double two three double my number. Love to hear from you. We'll be back shortly.
Five Double A Mornings with Graham.
Goodings and thanks for joining in the show this morning. Well, I say you shouldn't mix business with pleasure, but they clearly haven't been to the AFL Gather Around Business Lunch. This event brings together the AFL industry and the Southastradia business community, offering the chance to celebrate footy while networking for your business. This year's lineup of speakers includes AFL CEO Andrew Dillon, Premier Peter Malanaskis and AFL talent and media personalities Patrick Dangerfield, Rory Sloan, Kate McCarthy and Nathan Buckley. Tickets include seated dining with a delicious two course meal, a three and a half hour drinks package, exclusive guest speakers, networking opportunities, and an official twenty twenty five gather Around souvenir. Don't miss the AFL Gather Around Business Lunch on Friday, April eleven at Adelaide Convention Center. Get your tickets now at AFL eventofice dot com dot au on Friuba. It's a twelve minutes to midday and it's my great pleasure to Welcome to the studio. Sarah Hanson Young from the Greens. Good morning, Sara, how are you.
Good morning, Good Thanks for having me.
All talks been about the tariffs this morning.
It has, indeed, and what a blow to Australia and the world's economy. And it's a despicable attack frankly from Donald Trump and his administration. Really shows us how nasty the bloke is.
I thought, you know, I thought it was reasonable that we might get sort of special treatment, you know, a free trade agreement. You know, we've been with them through wars and being by their side through thick and thin.
Well what has happened, of course, is that Australia has had the baseline, so everybody's had at least the ten percent tariff hit, and then other countries have had even more than that. So I guess, you know, Australia has been locked in with just everybody else knows special treatment that in that regard. But really it makes you wonder who needs enemies when you've got friends like Donald Trump at the head of the American administration right now, it is not the type of reliable partner that Australia needs, and it's why the Greens. We're really questioning how on earth can we stay in orcust with such an unreliable partner like this. I heard overnight that in the United Kingdom, the UK Parliament is now having an inquiry into Orcas because they're worried about the impact that the US administration is having on that relationship. And I think Australia needs to wise up now too.
Now, what have you made of the Prime Minister's response to the tariffs?
Look, I think the Prime Minister probably done the best he can in this. You know, in his response today, all sounds fine, except that the world has changed and he has to accept that and understand that the world has fundamentally changed. Donald Trump is not trustworthy, not a reliable partner, and we actually have to stand up to them. You don't cow it to bullies. It's not just Donald Trump, it's the people he's surrounded himself with as well, the big tech billionaires who think that they can rule the world. And we really need Australia to be far more independent in this relationship. So well, I'm glad the Prime Minister has said that he is going to engage and try and deal with this. What I'm worried about it misses the fundamental point that the relationship has changed, that it is not trustworthy, that it is not now in Australia's best interest. And I just don't think anyone can argue that Donald Trump and his erratic, irrational, nasty behavior is anything we can put trust in.
Now, you've never been in favor of Aucus. You say this is the end point, that we should just pull out.
A look, UCUS has always been a bad deal for Australia, hundreds of billions of dollars for some submarines that actually we never really probably going to get. I think the promises to jobs here in South Australia has been one of these promises that is never going to be met. That money would be better spent actually looking after Australia's interests rather than just doing what the US wants, and we should get out. I think it's more risky now to stay in than to chart our own independent path, our own independent foreign policy. We've got to be investing in relationships with other like minded countries, both with trade and in relation to security, and we've got to be working within our region. The Orcus deal was always a dud deal for Australia, but it was worse than just the money we've been spending and the jobs promise that we're never going to come. It actually put a target on our back and I think that's frightening to many Australians. And what we're seeing from Trump now is just a glimpse into what is to come.
If we can't rely on the US as a friend the way we had them before we could always we thought rely on them in terms of threats, war or whatever. Should we be spending more on defense?
Look, I do think we need to be at least redirecting our defense spending to making sure that it is in our interests and it's looking after the security needs that we have, not just at the behest of the US. And so I think there does need to be a rethink about where the funding is going, rather than spending it on these submarines that are never going to come, rather than spending it on the things the US wants that we now know is not necessarily in our interests, redirecting the money within the defense that is in our interests.
Do you expect the tariff issue to have an impact on the campaigning leading up for the federal election.
Yes, I do, I really do. And already people are nervous about the relationship that Australia has with America given Donald Trump. I think people waking up every morning and thinking, oh gosh, what has he done now? And people are worried about the kind of copycat policy that the Liberal Party and Peter Dutton have been taken. Got to remember it was only a few weeks ago when Peter Dutton said that he thought Donald Trump was a big thinker. My question to Peter Dutton today's do you think he's still a big thinker? Do you still want to keep copying his policies? Do we really need Trump style politics in Australia. I don't think so. I think it terrifies many Australians. I was out in the Electorateive Stirt on Sunday doing some door knocking. Liberal held seat, it's a Liberal member, and yet every single person I spoke to said they were worried about Trump and worried about how close Peter Dutton is aligning himself with the Trump administration. That says a lot to me.
Sarah Hanson Young, thanks for coming in today. Thank you, Senator Sarah Hanson Young from the Greens with her views on the tariffs and the upcoming election. Eight double two three double o double is the numbered a ring. Let's take a call from Brett Brett Good morning.
Yeahday, Graham. I just want to have a chat about that even response that well not only just heard from Sarah Hanson Young he thought it was smart to bring a fish into Parliament the other day. You know, he had our illustrious Prime ministery just comes on and basically called American enemy, but not what they're doing is not something that a friend does to a friend. Well me, at the end of the day, some of the retros I made a labor party before Trump got into power, from Edwin Rudd, Anthony Alberheazi and some of his constituents and also the Greens, they were basically calling in a fascist and wanting him hitler. I mean, I mean, what sort of friendship are you going to get from somebody when you call them those sort of names. And I mean I thought that the best response that we heard this morning was frong Ei had done. He said, look, you know, I'm going to engage in a conference with Donald Trump and we'll sit down and negotiating table and we'll work something out with him, and that's the best thing that you can do. But our Prime minister just drive a wedge between America and Australia today.
Yeah. I don't think you win any contest by name calling. Good on you, Thank you for that, Brett. Yeah, look, you have to be strategic about this. That's why I've been saying that, no knee jerk reactions. Yes, we're not happy with the tariffs. We are disappointed that the friendship and the free trade agreement that's operated between Australia and the US is under threat or disappeared or gone. But you know, let's not react too quickly. Let's take a strategic look at that and react in due course. It's four minutes to twelve on a busy day, joining me in the studio. Now I've picked the right microphone. Hello Graham, Stacy Lee, I'm good. How are you well? Thanks? Very busy day, been all happening.
Getting all the reaction to the fallout. Their stock exchange is down, which will surprise no one. We'll be crossing to the White House this afternoon. We talk to White House correspondent Jeff Mason. He works for Reuters, so he was there on site at the I made the mistake of saying, at the press conference, can you talk to us about the press conference? And he said, we don't call it a press conference when they don't take questions. Oh, I see, So this was an announcement instead of a press conference. And I mean, you know the president, they have pretty good access to him. Usually he will answer lots of questions at different press conferences, but this was an announcement. So you're going to hear from Jeff Mason in the White House this afternoon, and then we'll have our State Trade Minister Joe Sockuch on the program to talk about what this means for South Australian trade and South Australian industries. How much do we actually export to the US direct from South Australia and how much will this impact impact that. We'll also talk this afternoon. My costbuster today is Karen Early, who's a money coach, and we'll talk about the impact it will have on the share market and also superannuation.
Yeah, there are a lot of questions to be answered in that area.
Exactly, don't check your superbalances today. They always say, don't look at the daily rate, look at the.
Long term always look at the big picture over the horizon, because right at the moment it ain't pretty.
Yes, So we'll talk about what implications it could have for your superannuation this afternoon, and we'll talk to Shane A. Bassett with some entertainment news. Obviously, Val Kilma died overnight, so we'll talk to Shane about his legacy.
He was a troubled soul, but he was a very fine performer, very fine actor. Yeah, loved him in Top Gun, the original Top Gun in particular Batman as well, wasn't he Batman? And Jim Morrison in the Doors. He was superb in Jim Morrison, Jim Morrison spooky uncanny.
There you go.
But yeah, gone too soon sixty five.
Absolutely, So we'll talked to Shane about that as well. There's lots happening today and he's just coming up, so why not have some hot cross bunds.
Oh, you don't have to ask me twice? Go on you Stacy, Stacy Lee. After one o'clock this afternoon. Well that's it. Where did the day go? Thank you so much for your contribution, Thanks for your company. We'll be back tomorrow to do it again.
Five Double A Mornings with Graham Goodings