Murray Olds: Australian correspondent on how Donald Trump's presidency will impact the Australian economy

Over in Australia, experts are wondering about the implications that come with a second Trump presidency.

Donald Trump has won the US election after securing more than the 270 Electoral College votes he needed to win.

Australian correspondent Murray Olds says there's concerns about his trade policy - and people are hoping he'll roll back the tariffs.

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Episode Transcript

Speaker 1 (00:00):
Murray Old's Ozzie corresponds to us now hems afternoon, Heather,
what's kay Rud actually said?

Speaker 2 (00:05):
Then?

Speaker 1 (00:05):
Do you know?

Speaker 2 (00:06):
Well, he did say Donald Trump's nuts and he's a
threat to the West quote unquote, he's probably a bit
storm now, so too, Elbow. There's a couple of tweets
that apparently have been deleted from the alban Easy account
that was according to his office. I don't know what
Albo said, but certainly Kevin Rubb was out there. This

(00:28):
guy's nuts. Okay, keV, thanks for that. But in any event,
they now the Australian government, a bit like the New
Zealand government, is looking at the whole issue of tariff's
hoping against hope that he's going to wind back some
of that rhetoric because it's I mean, no one wins there.
You are you're going to do is make goods twenty
percent dearer for every American consumer and much a serious

(00:51):
hole and Kiwi and Australian export values. But in any event,
there's a lot of concern here about the fifty to
sixty percent tariff on choese exports. I mean, you know,
the United States is the third biggest trading partner for Australia,
and Australia is going to have to get a special
deal on trade because if he whacks a sixty percent

(01:11):
tariff on Chinese imports to the US, China won't be
making as much and if that's the case, that China
might not need the stuff that Australia is selling to
China defense wise, well orcus the deal they hope will
still be kept by Donald Trump. But are we really
going to be able to afford to buy American nuclear subs?

(01:31):
Will the price go up? But American stubbed submarines begin
rotating around Australian ports. There's a whole bunch of youth,
brand new questions to be answered, and it's very early
days yet the next four years are going to be
very interesting.

Speaker 1 (01:45):
On the bright side, Mauz, you guys are going to
get off this really easily because you've got a fantastic
ambassadors to Washington and Trump lisn't so you're well placed.
You're well placed. Listen, So tell me about the social
media banner's kicking in for the sixteen year old?

Speaker 2 (01:59):
Is it? Yeah? Well, it's got more holes in Swiss
cheese at this point. I mean, yes, we're going to
be banning under sixteen from social media if the federal
government laws get through parliament, But then they're going to
be I mean, how they're going to be enforced. The
government's going to make social media companies have the responsible
for enforcing the ban. But just how that's going to work?

(02:19):
No one sure there's no penalty on children accessing the
net the parents as well if the laws are flouted,
So I mean, what's the point. And there are many
other questions as well. How's the band going to be imposed?
I mean, what technology is going to be used? Hasn't
been invented yet? And what about the penalties with the
companies If the kids are on there looking at all
sorts of stuff they shouldn't. There's a big meeting tomorrow

(02:40):
alban Easy convening a meeting of the federal and state
governments to thrash this out. But the experts are warning
the kids nowadays, and you know this as well as
I do. They're so tech savvy. Anything silly old suits
like Elbow and Dutton put up the kids are going
to work out in three minutes flat. Yea.

Speaker 1 (02:58):
And this is the important thing, mass is you have
to ping the social media provider. Then you have to
make them the ones that are responsible for keeping the
sixteen year olds off. So they're really incentivized to do
it because the kids will try to get on.

Speaker 2 (03:10):
Well, the kids will get on, that's the point. And
so how are you going to actually punish the social
media providers?

Speaker 1 (03:15):
I don't care, Just punish them. He's got deep pockets.

Speaker 2 (03:17):
Who cares well, Well, I guess that. I guess that's true.
A lot of money.

Speaker 1 (03:23):
Don't you come here to this show making an argument
for what Mark Zuckerberg woe is me?

Speaker 2 (03:29):
Please? Was last trillion dollars too? Right?

Speaker 1 (03:34):
Hey listen, So I see you guys are actually recording
the number of Keywis that are coming into Australia.

Speaker 2 (03:40):
Well right now, at the end of September, there were
seven hundred and twenty five thousand New Zealanders over here,
so that's a lot. That's three quarters of a million people.
And on the back of the COVID pandemic, of course,
the borders now open again and migration numbers, despite the
best eforts of the government, greation numbers are up. There

(04:02):
were five hundred and sixty one thousand net migrants to
Australia after COVID and two point eight million temporary visa
holders at the end of the last quarter student visas well,
nearly seven hundred thousand of those graduate visas. You're throwing
another two hundred and fifty. So all of a sudden
you've got a million student and graduate visas here as well.

(04:24):
And as I say, three quarters of a million Kiwis.
The kiwis have got a special relationship. Of course, the
government is trying to wind back student numbers, but the
universities are squealing like stuck pigs because of course all
the foreign students pay three and four times as much
for their tuition as Australian kids, and so the university
had like aightms with these kids. They just to punch
them at the door on the way in and punch

(04:45):
them out when they finish their degrees.

Speaker 1 (04:47):
Mozz, thank you very much, appreciate it. Look at yourself.
Marry Old's Assie correspondents. For more from Hither Duplessy Allen Drive,
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