April 7, 2025 • 18 mins
Last week US President Donald Trump announced "reciprocal" tariffs across the globe.
While the world tries to understand what these new trade rules mean, we're already starting to see the impacts.
Plus, as Married At First Sight wraps up its most controversial season yet where does it leave the future of the show?
And in news headlines today Labor announces a $1 billion mental health care package to make it easier for Aussies to seek and get care; Anthony Albanese and Peter Dutton will face off in a leaders debate in Sydney tonight; Donald Trump has threatened a further 50% tariff on Chinese goods of they don't reverse a tariff they put in place last week; Virginia Guiffre has been released from hospital after saying she had just days to live, instead revealing she is the alleged victim of domestic violence; The Matildas won their match against South Korea in Newcastle 2-0 in front of a record 28,000 strong crowd
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CREDITS
Hosts: Taylah Strano & Claire Murphy
Guests:
Amelia Lester, Mamamia's US Corrospondent
Tara Watson, Mamamia's Senior Entertainment Writer
Executive Producer: Taylah Strano
Audio Producer: Lu Hill
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:10):
You're listening to a Muma Mea podcast. Mumma Mea acknowledges
the traditional owners of land and waters that this podcast
is recorded on.
Speaker 2 (00:21):
Hey, I'm Taylor Strano. This is Mumma MIA's twice daily
news podcast, The Quickie. The fallout from Trump's reciprocal tariffs
continues to send shock waves through global markets. So how
long do we start to feel the pinch? Plas says
Maps twenty twenty five wraps up its most controversial season yet.
We're asking if the show can survive the scandals and
(00:43):
whether it should. But first, here's Clemurphy with the latest
from the Quickie newsroom for Tuesday, April eighth.
Speaker 1 (00:50):
Thanks Taylor. The Labor government will announce a one billion
dollar mental health package today that will give Ozzies more
access to care. The package sets aside two hundred and
twenty five million for new or upgraded Medicare mental health centers,
entry point facilities that allow patients access to free consultations
with trained professionals but aren't designed for long term care.
(01:11):
An extra two hundred million will be spent on fifty
eight services run by mental health organization Headspace to either
set up new locations or expand existing ones. It also
includes five hundred million dollars for twenty youth specialist care
centers to be created. Prime Minister Anthony Alberesi saying the
funding will allow more people to get free mental health
support in more locations. A further ninety million will be
(01:34):
spent on training twelve hundred mental health professionals. The call
comes after the coalition pledged to double the number of
Medicare subsidized psychology sessions from ten to twenty. Anthony Alberzi
and Peter Dutton will come face to face tonight in
the first leader's debate of the election. The two will
be asked questions by one hundred undecided voters at a
(01:55):
People's forum in Sydney. The focus expected to be on
cost of living pressures, housing, healthcare, and the impacts of
Trump's tariffs. After an online rumor that Donald Trump was
planning to pause all tariffs, the US president has instead
threatened further increases on Chinese imports. Undeterred by the massive
losses across the global stock market, Trump says he'll impose
(02:17):
a further fifty percent duty on products coming into the
country from China if they didn't withdraw the thirty four
percent tariffs they put on US products last week, saying
all talks with China concerning their requested meetings will be terminated.
Despite a short rally on the markets after a rumor
Trump was considering pausing his tariffs for ninety days, it
(02:37):
quickly slid again after the Trump administration said that was
not true. Trump saying on Sunday in response to the
market turmoil that sometimes you have to take medicine to
fix something. Jeffrey Epstein accuser Virginia Giffrey has been released
from hospital in Perth, a week after saying she had
just four days to live. Jeffrey was hospitalized after her
(02:58):
car was hit by a bus on March twenty four,
telling the world via social media she was going into
renal failure and the doctors had given her days left
to live. While she was in hospital care, she claimed
she was the victim of domestic abuse by her husband
of twenty two years, Robert Giffrey, giving a statement to
people saying she was able to fight back against Glaine
Maxwell and Jeffrey Epstein, who abused and trafficked her, but
(03:21):
that she was unable to escape the domestic violence in
her marriage until recently. She went on to say that
after her husband's latest physical assault, she can no longer
stay silent. Her brother described an incident in January where
Virginia was also hospitalized, where she reportedly almost died. Her
injuries included a cracked sternum and a perforated eye. Her
(03:42):
brother said that he didn't know if her latest injuries
were all due to the bus crash, or a recent
beating she'd suffered, or both. Geffrey's husband has placed a
family violence restraining order against her, which she allegedly broke
by texting him. She's due to face court on the
matter tomorrow. Amid their search for a new permanent coach,
the Matildas have put a win on the board, defeating
(04:02):
South Korea to Nilan Newcastle. Mary Fowler returned to the
starting lineup, the twenty two year old slotting the first
of the Aussie goals and forty fourth minute before Caitlin
Torpey added another to the back of the net in
front of a record twenty eight thousand strong crowd. Tom
Somani is currently coaching the team, but whether that will
become a permanent position for him remains unclear.
Speaker 2 (04:23):
Thanks clan next a tariff loaded Trump Day. It's been
just under a week since Donald Trump announced his Liberation
Day tariffs, and to say its cause chaos would be
an understatement. Trump's reciprocal tariffs were essentially taxes he put
on imports from other countries to match or reciprocate tariffs
(04:47):
those countries had on US goods. It's his way of
leveling the playing field and pushing countries to lower their
own trade barriers. Five days on from the announcement, the
world has questions and we're already starting to see impacts.
The ASX has had its biggest single day drop since
twenty twenty three, and global markets are in term as
(05:10):
everyone tries to figure out what these new trade rules
actually mean. Plas, Trump's frenemy Elon Musk, has gotten involved,
engaging in a very public spat with the president's top
economic advisor over the impact these tariffs will have on
Tesla and the broader electric vehicle industry. It's a pretty
interesting development given Musk's usually cozy relationship with Trump, but
(05:30):
it seems even Tesla's CEO has his limits when it
comes to trade policy. Look, the whole situation is complicated
confusing and potentially very very expensive for pretty much everyone involved.
As always, our US correspondent Emelia Lester is here to
help demystify Amelia. Let's start with the basics. Last week,
(05:51):
Trump announced reciprocal tariffs on about ninety countries across the globe,
including Australia. But some countries seem to have pulled some
very short sticks in the announcement.
Speaker 3 (06:00):
Yes, well, I think all countries had tariffs imposed on them,
with the exception of North Korea and Russia and some
places that aren't even countries. Norfolk Island, which is a
territory of Australia, has tariffs twice that of Australia's right
and the Herd Islands, which are again an Australian external
territory close to Antarctica that is accessible by boat for
(06:22):
two days only and which is home to some penguins
and some glaciers, was also struck with some tariffs as well.
Speaker 2 (06:29):
This was interesting, right because of course the Internet does
that beautiful thing that it does and takes the piss
out of Donald Trump when he announces things like this.
There were penguin means of plenty.
Speaker 3 (06:38):
Yes, there were people kind of making a spin on
the Zelensky Oval Office meeting with Vance regaling penguins with
you didn't even say thank you. Yeah, that was a
fun time. But I think in general, economists around the world,
business leaders reacted with dismay. They'd always thought the tariff
was such a bad idea, that maybe Trump was just
going to be using them as a bargaining chip, But
(06:59):
it's become apparent that he is in fact enamored with
them as an ends in themselves, and in recent days,
as the fallout of this announcement becomes clear, there's some
signs of division within the Trump camp about that. So
Scott Bessant, who's his Treasury secretary, who comes from a
business background, said a couple of hours ago, that is
Sunday night, US time, that the tariffs would likely last
(07:22):
for days or even weeks, and he said that they
were a negotiating tactic. But Trump himself has just come
out again today on Sunday night, and he seemed to
confirm that in fact, these are here to stay. He
said that they're going to stay until the trade deficit disappears,
and economists say that that's a pretty quick slotic goal.
It may never come.
Speaker 2 (07:42):
Yeah, Well, that's like how long's a pizza of stung
also are kind of in a major cost of living crisis.
The tariffs are expected to take effect from tomorrow, April nine.
I want to talk a little bit about some of
the other people who've made very public comments about this,
But first the actual impacts. We've seen it impact the
stock market already, the ASX has plummeted. The Australian dollar
has also dropped below sixty US since, which is the
(08:04):
first time at a very long time that's happened. You're
making a very scared face at me when I say that,
I mean it's scary.
Speaker 3 (08:11):
So what's interesting about it is that Trump expected that
the US dollar would weaken. In fact, that's his stated
goal here. He thinks that the US dollar is overvalued,
and he thinks that that therefore means that in trade relationships,
the US is getting the short end of the sticks.
So what he wants to do is weaken the US dollar.
But what we have seen as a result of this
(08:31):
announcement is that the US dollar has been strengthened and
that other currencies around the globe, including the Australian dollar,
have plummeted, and in fact the plummeting of the ASX
and also the Asian stock markets is more dramatic right
now than the effects have been on the US stock market,
which is kind of surprising.
Speaker 2 (08:50):
One of the things that people maybe will be able
to understand or put this into more tangible terms is
the impact that it has on them and their everyday lives,
because if you're not part of the stock market, if
you don't plan on traveling overseas any times, and maybe these.
Speaker 3 (09:02):
Things don't retiring soon, yeah.
Speaker 2 (09:04):
Or retiring, But something that I've been reading about constantly.
I don't know why this keeps coming up, but the
impact that all have on online shopping platforms like Sene
and Timu. Can you explain that to us?
Speaker 3 (09:14):
Yeah? I was actually in the US when they tried
this once before, about a month ago. Now, this announcement
appeared on the United States Postal Service website one night
that said that they would no longer be accepting small
packages from China oh into the US. They quickly dialed
that back, but now in fact they've reinstated that, meaning
Shine and Timu, who were these two very low cost
(09:36):
retailers out of China, can no longer ship packages to
the US at all, there's a ban on them. That's
in addition to the fact that the tariffs will make
the goods that they're selling prohibitively expensive.
Speaker 2 (09:46):
Looking back domestically here in Australia, something that I've been
trying to wrap my head around and I'm hoping you
can help me is the free trade agreement that we
have with the US. I know that sounds really boring,
but basically Trump put a ten percent tariff on Australia.
Does the free trade agreement that we have between our
two countries we can send things back and forth. Doesn't
that just make the tariff irrelevant?
Speaker 3 (10:07):
No, it's a great question. I feel like we're always
talking with Trump moves of but isn't this illegal? And
the answer is usually yes, But the question is who's
going to enforce it? So Yes, in two thousand and five,
Australia and the US did enter into a free trade agreement.
It's why many Australians now go across to the US
to work because there was also an E three visa
introduced for Australians to work in the US. Yes, it
contravenes the free trade agreement, and there was reporting by
(10:29):
the ABC late last week that Anthony Albanizi is preparing
for Australia to take the US to the World Trade
Organization to argue against these tariffs.
Speaker 2 (10:38):
The other person involved in this and whose name I've
seen come up constantly is Elon Musk. He's had a
very public spat sort of rejecting it and not endorsing
these tariffs.
Speaker 3 (10:47):
Yeah, he appeared by video link at a conference of
Italy's far right party over the weekend, so that's what
he was doing, and he said he favored zero tariffs
and free trade. And then also on the weekend he
got into a spat on X with Peter Navarro, who's
Trump's top top trade advisor, where he said that Navarro,
who'd been arguing for the tariffs, ain't built shit. Last week,
this seemed to confirm reporting that Trump is thinking of
(11:09):
ousting Musk from his tenure at DOGE and that it
would end soon. Trump himself said that there will come
a point when Mask needs to leave. We may be
reaching that point.
Speaker 2 (11:18):
The tariff changes, like I said, meant to come into
effect from tomorrow, April nine. We're having an Australian election
right now. Is this going to have an impact. Have
we seen Dutn or Albow either of them say any
which way about it?
Speaker 3 (11:29):
So impact for Australian exports, beef, wine, pharmaceuticals. All these
industry heads have basically come out and said that they're
pretty confident that they can find other markets to plug
the US whole. If you just take beef. For instance,
three billion dollars of Australian beef was getting exported to
the US every year. A lot of it was going
into Big Max, which is Trump's favorite food, because for
(11:51):
various reasons, US beef is fattier than Australian beef, so
they needed that grass fed beef to go into the burgers.
Australia simply said, well, we're just going to sell our
beef to Europe now, which seems fair enough. Europe loves
beef too. Wine and pharmaceuticals have said the same things.
Albanezi has said he's not going to bargain about the
pharmaceutical benefit scheme. This is something that US drug manufacturers
are really angry about because they see Australia as fixing
(12:13):
prices and an artificially low point to allow for that scheme,
and they wanted Trump to kind of use this again
as a bargaining chip to get them to take away
the pharmaceutical benefit scheme, but Albernizi has said he's not
going to do that. So overall, Australian exporters are putting
on a pretty brave face in terms of the impact
on Australian consumers. We will see the impact in the
coming months. There's no way that with global supply chains
(12:33):
as linked as they are, that we're not going to
see an impact. I would imagine that basically all consumer
goods are going to get more expensive. Our three biggest
import partners are South Korea, China and Japan. They all
make tons of things that go into everything that we
use every day, including our iPhones and cars. The cars,
for sure are going to get more expensive, so I
think goods across the bord are going to get pricier. Finally,
(12:55):
political impact, I think Trump's become a bit of a
toxic brand in Australia. People keep sending me this meme
of Dutton's face superimposed with Trump's, sending this idea that
Dutton is Trump in disguise kind of thing, and that's
seen as a politically strong message I guess by the
groups such as unions that are putting that message out
in the world. So I think that this is all
(13:15):
benefited albaneasy because the chaos in the US seems very
unattractive to Australians right now.
Speaker 2 (13:25):
Married at First Night has just wrapped up what might
be its most controversial season yet.
Speaker 4 (13:30):
I think today speak toolums. Why would I want to say anything?
I don't think you're doing you me? Yeah, what is
his stuff? Don't even try bringing my sister into this.
Talk about her once and I'll come at you.
Speaker 2 (13:42):
The show has faced unprecedented criticism this year from off
camera work safe investigations. Maths has taken reality TV to
a new level. Mumma Mes Senior entertainment writer Tara Watson
has been recapping every single moment from this season. Tara,
Maths has been wild from start to finish. How would
(14:03):
you describe last night's finale? Did we go out with
the bang?
Speaker 5 (14:06):
The final commitment ceremony is actually pretty tame due to
the final dinner party that's like crazy chaotic. Where is
this one more about like tying up loose ends and
just kind of holding people accountable for the final time?
Speaker 2 (14:19):
And do we feel like that happened? Was justice served
to the people that it needed to be served to?
Speaker 5 (14:23):
Yeah, I think justice was mostly served. I would have
liked to be more justice for Adrian, but I think
they really saved all their justice for Paul. The experts
were very grumpy with him.
Speaker 2 (14:35):
So Paul is the person who punched a wall during
this season. He was then later sort of investigated both
on and off screen. What is his conclusion in the
math storyline?
Speaker 5 (14:46):
So he ended up being dumped by Karina after he
went on a date with someone I also sounds ridiculous.
He did many things to her and finally she dumped
him at final vows, and then at the reading and
dinner party, he decided to switch the narrative that he
was the victim and that he thought they weren't compatible
anymore because some classic male thing. Too is just switching
(15:08):
it so that he's not being dumped or rejected anymore
because he's rejecting her.
Speaker 2 (15:13):
The Jackie and Clint situation is something else that dominated
headlines during this season. What's the latest development with these two?
Speaker 5 (15:19):
So things are happening and it all happened this week.
So Jackie and Clint had been dating for four months.
Just make that clear. So there was a viewing party
on Sunday night, and on stage Clint proposed to Jackie.
Oh so Clint and Jackie are getting.
Speaker 2 (15:36):
Married, okay, and so we reckon. That's not just for cameras,
that's for realsy.
Speaker 5 (15:41):
I don't know. I did actually talk to Jackie last week,
and I can tell she's head over heels for Clint.
So I'm a believer. I'm gonna believe that it's real.
Speaker 2 (15:49):
Jackie's not the only contestant you've spoken to during this
season of Maths. Talk to me you recently, as in
like yesterday, spoke to Afina. What did she have to say?
Speaker 5 (15:58):
So, yeah, I did ask Kafina about the Jackie and
Clint of it all, and she seemed happy for Jackie.
She was actually the viewing party with Ryan. So Ryan
was told, like in real time that Jackie just got engaged,
and he wasn't as kind. I think he told Daily
Mail who thinks it was a publicity's stunt and it
was all planned?
Speaker 2 (16:15):
But whatever, Ryan, this season has faced unprecedented criticism, Tara.
I know that we've spoken to you previously on the
show about this. What is it about this year that's
been so different from previous years of Maths.
Speaker 5 (16:27):
So in recent years year there has been more and
more contestants kind of going rogue and wanting to question
their edits. But I feel this year is when the
contestants have really taken their power back. There's been a
major power shift, and I think it's examples like Jackie,
Ryan and Marina all creating alternative Instagram accounts to share
their story, and also just the fact that this year
(16:50):
four of the contestants did not go to the reunions.
They just refused to participate, and there was also a
bunch of contestants that wouldn't give over their instagrams. So
it is these contestants finally being like I am actually
in control. The fans aren't looking to Channel nine, they're
not looking to Maths producers to see what are they
have it on the show. They're looking at the contestants,
(17:11):
so they actually do have the power.
Speaker 2 (17:13):
Well that's the conversation that we have to grapple with,
isn't it, Because every time something controversial or chaotic happens
on a show like Maths, we all get up in
arms about it, We report about it and say it
can't go on like this something needs to change, But
then there's a massive rating spike and it really begs
that question of well, why would producers slow down the chaos.
Speaker 5 (17:32):
Yeah, I don't think there's going to be any huge
changes as far as the chaos goes. I think this
show thrives on chaos. I would like to see changes
in some of these edits and how a lot of
the women and their characters are warped on the show,
because I think it can be quite misogynistic, and as
we've seen this you with Jackie and Marina, they are
(17:52):
very much questioned in their edits because of the hate
campaigns they are on the end of. And in the
case of the women on this show, you've had people
like Alissa from previous season speaking out to question their
edits because they've had the public turn on them, and
women get hate at rate that is uncomparable to men,
Like for example, this year, you know you've got Adrian
(18:13):
and Paul and their terrible behavior. I would hazard a
guess that Jackie's got triple the amount of hate that
they've both gotten online because she's a woman. Because yes,
chaos will always resist, but we can't just be leaning
back on these misogynistic tropes all the time.
Speaker 2 (18:29):
Thanks for taking some time to feed your mind with
us today. The quickie is produced by me Taylor Strano,
and Clare Murphy, with audio production by Lou Hill.
You're listening to a Muma Mea podcast. Mumma Mea acknowledges
the traditional owners of land and waters that this podcast
is recorded on.
Speaker 2 (00:21):
Hey, I'm Taylor Strano. This is Mumma MIA's twice daily
news podcast, The Quickie. The fallout from Trump's reciprocal tariffs
continues to send shock waves through global markets. So how
long do we start to feel the pinch? Plas says
Maps twenty twenty five wraps up its most controversial season yet.
We're asking if the show can survive the scandals and
(00:43):
whether it should. But first, here's Clemurphy with the latest
from the Quickie newsroom for Tuesday, April eighth.
Speaker 1 (00:50):
Thanks Taylor. The Labor government will announce a one billion
dollar mental health package today that will give Ozzies more
access to care. The package sets aside two hundred and
twenty five million for new or upgraded Medicare mental health centers,
entry point facilities that allow patients access to free consultations
with trained professionals but aren't designed for long term care.
(01:11):
An extra two hundred million will be spent on fifty
eight services run by mental health organization Headspace to either
set up new locations or expand existing ones. It also
includes five hundred million dollars for twenty youth specialist care
centers to be created. Prime Minister Anthony Alberesi saying the
funding will allow more people to get free mental health
support in more locations. A further ninety million will be
(01:34):
spent on training twelve hundred mental health professionals. The call
comes after the coalition pledged to double the number of
Medicare subsidized psychology sessions from ten to twenty. Anthony Alberzi
and Peter Dutton will come face to face tonight in
the first leader's debate of the election. The two will
be asked questions by one hundred undecided voters at a
(01:55):
People's forum in Sydney. The focus expected to be on
cost of living pressures, housing, healthcare, and the impacts of
Trump's tariffs. After an online rumor that Donald Trump was
planning to pause all tariffs, the US president has instead
threatened further increases on Chinese imports. Undeterred by the massive
losses across the global stock market, Trump says he'll impose
(02:17):
a further fifty percent duty on products coming into the
country from China if they didn't withdraw the thirty four
percent tariffs they put on US products last week, saying
all talks with China concerning their requested meetings will be terminated.
Despite a short rally on the markets after a rumor
Trump was considering pausing his tariffs for ninety days, it
(02:37):
quickly slid again after the Trump administration said that was
not true. Trump saying on Sunday in response to the
market turmoil that sometimes you have to take medicine to
fix something. Jeffrey Epstein accuser Virginia Giffrey has been released
from hospital in Perth, a week after saying she had
just four days to live. Jeffrey was hospitalized after her
(02:58):
car was hit by a bus on March twenty four,
telling the world via social media she was going into
renal failure and the doctors had given her days left
to live. While she was in hospital care, she claimed
she was the victim of domestic abuse by her husband
of twenty two years, Robert Giffrey, giving a statement to
people saying she was able to fight back against Glaine
Maxwell and Jeffrey Epstein, who abused and trafficked her, but
(03:21):
that she was unable to escape the domestic violence in
her marriage until recently. She went on to say that
after her husband's latest physical assault, she can no longer
stay silent. Her brother described an incident in January where
Virginia was also hospitalized, where she reportedly almost died. Her
injuries included a cracked sternum and a perforated eye. Her
(03:42):
brother said that he didn't know if her latest injuries
were all due to the bus crash, or a recent
beating she'd suffered, or both. Geffrey's husband has placed a
family violence restraining order against her, which she allegedly broke
by texting him. She's due to face court on the
matter tomorrow. Amid their search for a new permanent coach,
the Matildas have put a win on the board, defeating
(04:02):
South Korea to Nilan Newcastle. Mary Fowler returned to the
starting lineup, the twenty two year old slotting the first
of the Aussie goals and forty fourth minute before Caitlin
Torpey added another to the back of the net in
front of a record twenty eight thousand strong crowd. Tom
Somani is currently coaching the team, but whether that will
become a permanent position for him remains unclear.
Speaker 2 (04:23):
Thanks clan next a tariff loaded Trump Day. It's been
just under a week since Donald Trump announced his Liberation
Day tariffs, and to say its cause chaos would be
an understatement. Trump's reciprocal tariffs were essentially taxes he put
on imports from other countries to match or reciprocate tariffs
(04:47):
those countries had on US goods. It's his way of
leveling the playing field and pushing countries to lower their
own trade barriers. Five days on from the announcement, the
world has questions and we're already starting to see impacts.
The ASX has had its biggest single day drop since
twenty twenty three, and global markets are in term as
(05:10):
everyone tries to figure out what these new trade rules
actually mean. Plas, Trump's frenemy Elon Musk, has gotten involved,
engaging in a very public spat with the president's top
economic advisor over the impact these tariffs will have on
Tesla and the broader electric vehicle industry. It's a pretty
interesting development given Musk's usually cozy relationship with Trump, but
(05:30):
it seems even Tesla's CEO has his limits when it
comes to trade policy. Look, the whole situation is complicated
confusing and potentially very very expensive for pretty much everyone involved.
As always, our US correspondent Emelia Lester is here to
help demystify Amelia. Let's start with the basics. Last week,
(05:51):
Trump announced reciprocal tariffs on about ninety countries across the globe,
including Australia. But some countries seem to have pulled some
very short sticks in the announcement.
Speaker 3 (06:00):
Yes, well, I think all countries had tariffs imposed on them,
with the exception of North Korea and Russia and some
places that aren't even countries. Norfolk Island, which is a
territory of Australia, has tariffs twice that of Australia's right
and the Herd Islands, which are again an Australian external
territory close to Antarctica that is accessible by boat for
(06:22):
two days only and which is home to some penguins
and some glaciers, was also struck with some tariffs as well.
Speaker 2 (06:29):
This was interesting, right because of course the Internet does
that beautiful thing that it does and takes the piss
out of Donald Trump when he announces things like this.
There were penguin means of plenty.
Speaker 3 (06:38):
Yes, there were people kind of making a spin on
the Zelensky Oval Office meeting with Vance regaling penguins with
you didn't even say thank you. Yeah, that was a
fun time. But I think in general, economists around the world,
business leaders reacted with dismay. They'd always thought the tariff
was such a bad idea, that maybe Trump was just
going to be using them as a bargaining chip, But
(06:59):
it's become apparent that he is in fact enamored with
them as an ends in themselves, and in recent days,
as the fallout of this announcement becomes clear, there's some
signs of division within the Trump camp about that. So
Scott Bessant, who's his Treasury secretary, who comes from a
business background, said a couple of hours ago, that is
Sunday night, US time, that the tariffs would likely last
(07:22):
for days or even weeks, and he said that they
were a negotiating tactic. But Trump himself has just come
out again today on Sunday night, and he seemed to
confirm that in fact, these are here to stay. He
said that they're going to stay until the trade deficit disappears,
and economists say that that's a pretty quick slotic goal.
It may never come.
Speaker 2 (07:42):
Yeah, Well, that's like how long's a pizza of stung
also are kind of in a major cost of living crisis.
The tariffs are expected to take effect from tomorrow, April nine.
I want to talk a little bit about some of
the other people who've made very public comments about this,
But first the actual impacts. We've seen it impact the
stock market already, the ASX has plummeted. The Australian dollar
has also dropped below sixty US since, which is the
(08:04):
first time at a very long time that's happened. You're
making a very scared face at me when I say that,
I mean it's scary.
Speaker 3 (08:11):
So what's interesting about it is that Trump expected that
the US dollar would weaken. In fact, that's his stated
goal here. He thinks that the US dollar is overvalued,
and he thinks that that therefore means that in trade relationships,
the US is getting the short end of the sticks.
So what he wants to do is weaken the US dollar.
But what we have seen as a result of this
(08:31):
announcement is that the US dollar has been strengthened and
that other currencies around the globe, including the Australian dollar,
have plummeted, and in fact the plummeting of the ASX
and also the Asian stock markets is more dramatic right
now than the effects have been on the US stock market,
which is kind of surprising.
Speaker 2 (08:50):
One of the things that people maybe will be able
to understand or put this into more tangible terms is
the impact that it has on them and their everyday lives,
because if you're not part of the stock market, if
you don't plan on traveling overseas any times, and maybe these.
Speaker 3 (09:02):
Things don't retiring soon, yeah.
Speaker 2 (09:04):
Or retiring, But something that I've been reading about constantly.
I don't know why this keeps coming up, but the
impact that all have on online shopping platforms like Sene
and Timu. Can you explain that to us?
Speaker 3 (09:14):
Yeah? I was actually in the US when they tried
this once before, about a month ago. Now, this announcement
appeared on the United States Postal Service website one night
that said that they would no longer be accepting small
packages from China oh into the US. They quickly dialed
that back, but now in fact they've reinstated that, meaning
Shine and Timu, who were these two very low cost
(09:36):
retailers out of China, can no longer ship packages to
the US at all, there's a ban on them. That's
in addition to the fact that the tariffs will make
the goods that they're selling prohibitively expensive.
Speaker 2 (09:46):
Looking back domestically here in Australia, something that I've been
trying to wrap my head around and I'm hoping you
can help me is the free trade agreement that we
have with the US. I know that sounds really boring,
but basically Trump put a ten percent tariff on Australia.
Does the free trade agreement that we have between our
two countries we can send things back and forth. Doesn't
that just make the tariff irrelevant?
Speaker 3 (10:07):
No, it's a great question. I feel like we're always
talking with Trump moves of but isn't this illegal? And
the answer is usually yes, But the question is who's
going to enforce it? So Yes, in two thousand and five,
Australia and the US did enter into a free trade agreement.
It's why many Australians now go across to the US
to work because there was also an E three visa
introduced for Australians to work in the US. Yes, it
contravenes the free trade agreement, and there was reporting by
(10:29):
the ABC late last week that Anthony Albanizi is preparing
for Australia to take the US to the World Trade
Organization to argue against these tariffs.
Speaker 2 (10:38):
The other person involved in this and whose name I've
seen come up constantly is Elon Musk. He's had a
very public spat sort of rejecting it and not endorsing
these tariffs.
Speaker 3 (10:47):
Yeah, he appeared by video link at a conference of
Italy's far right party over the weekend, so that's what
he was doing, and he said he favored zero tariffs
and free trade. And then also on the weekend he
got into a spat on X with Peter Navarro, who's
Trump's top top trade advisor, where he said that Navarro,
who'd been arguing for the tariffs, ain't built shit. Last week,
this seemed to confirm reporting that Trump is thinking of
(11:09):
ousting Musk from his tenure at DOGE and that it
would end soon. Trump himself said that there will come
a point when Mask needs to leave. We may be
reaching that point.
Speaker 2 (11:18):
The tariff changes, like I said, meant to come into
effect from tomorrow, April nine. We're having an Australian election
right now. Is this going to have an impact. Have
we seen Dutn or Albow either of them say any
which way about it?
Speaker 3 (11:29):
So impact for Australian exports, beef, wine, pharmaceuticals. All these
industry heads have basically come out and said that they're
pretty confident that they can find other markets to plug
the US whole. If you just take beef. For instance,
three billion dollars of Australian beef was getting exported to
the US every year. A lot of it was going
into Big Max, which is Trump's favorite food, because for
(11:51):
various reasons, US beef is fattier than Australian beef, so
they needed that grass fed beef to go into the burgers.
Australia simply said, well, we're just going to sell our
beef to Europe now, which seems fair enough. Europe loves
beef too. Wine and pharmaceuticals have said the same things.
Albanezi has said he's not going to bargain about the
pharmaceutical benefit scheme. This is something that US drug manufacturers
are really angry about because they see Australia as fixing
(12:13):
prices and an artificially low point to allow for that scheme,
and they wanted Trump to kind of use this again
as a bargaining chip to get them to take away
the pharmaceutical benefit scheme, but Albernizi has said he's not
going to do that. So overall, Australian exporters are putting
on a pretty brave face in terms of the impact
on Australian consumers. We will see the impact in the
coming months. There's no way that with global supply chains
(12:33):
as linked as they are, that we're not going to
see an impact. I would imagine that basically all consumer
goods are going to get more expensive. Our three biggest
import partners are South Korea, China and Japan. They all
make tons of things that go into everything that we
use every day, including our iPhones and cars. The cars,
for sure are going to get more expensive, so I
think goods across the bord are going to get pricier. Finally,
(12:55):
political impact, I think Trump's become a bit of a
toxic brand in Australia. People keep sending me this meme
of Dutton's face superimposed with Trump's, sending this idea that
Dutton is Trump in disguise kind of thing, and that's
seen as a politically strong message I guess by the
groups such as unions that are putting that message out
in the world. So I think that this is all
(13:15):
benefited albaneasy because the chaos in the US seems very
unattractive to Australians right now.
Speaker 2 (13:25):
Married at First Night has just wrapped up what might
be its most controversial season yet.
Speaker 4 (13:30):
I think today speak toolums. Why would I want to say anything?
I don't think you're doing you me? Yeah, what is
his stuff? Don't even try bringing my sister into this.
Talk about her once and I'll come at you.
Speaker 2 (13:42):
The show has faced unprecedented criticism this year from off
camera work safe investigations. Maths has taken reality TV to
a new level. Mumma Mes Senior entertainment writer Tara Watson
has been recapping every single moment from this season. Tara,
Maths has been wild from start to finish. How would
(14:03):
you describe last night's finale? Did we go out with
the bang?
Speaker 5 (14:06):
The final commitment ceremony is actually pretty tame due to
the final dinner party that's like crazy chaotic. Where is
this one more about like tying up loose ends and
just kind of holding people accountable for the final time?
Speaker 2 (14:19):
And do we feel like that happened? Was justice served
to the people that it needed to be served to?
Speaker 5 (14:23):
Yeah, I think justice was mostly served. I would have
liked to be more justice for Adrian, but I think
they really saved all their justice for Paul. The experts
were very grumpy with him.
Speaker 2 (14:35):
So Paul is the person who punched a wall during
this season. He was then later sort of investigated both
on and off screen. What is his conclusion in the
math storyline?
Speaker 5 (14:46):
So he ended up being dumped by Karina after he
went on a date with someone I also sounds ridiculous.
He did many things to her and finally she dumped
him at final vows, and then at the reading and
dinner party, he decided to switch the narrative that he
was the victim and that he thought they weren't compatible
anymore because some classic male thing. Too is just switching
(15:08):
it so that he's not being dumped or rejected anymore
because he's rejecting her.
Speaker 2 (15:13):
The Jackie and Clint situation is something else that dominated
headlines during this season. What's the latest development with these two?
Speaker 5 (15:19):
So things are happening and it all happened this week.
So Jackie and Clint had been dating for four months.
Just make that clear. So there was a viewing party
on Sunday night, and on stage Clint proposed to Jackie.
Oh so Clint and Jackie are getting.
Speaker 2 (15:36):
Married, okay, and so we reckon. That's not just for cameras,
that's for realsy.
Speaker 5 (15:41):
I don't know. I did actually talk to Jackie last week,
and I can tell she's head over heels for Clint.
So I'm a believer. I'm gonna believe that it's real.
Speaker 2 (15:49):
Jackie's not the only contestant you've spoken to during this
season of Maths. Talk to me you recently, as in
like yesterday, spoke to Afina. What did she have to say?
Speaker 5 (15:58):
So, yeah, I did ask Kafina about the Jackie and
Clint of it all, and she seemed happy for Jackie.
She was actually the viewing party with Ryan. So Ryan
was told, like in real time that Jackie just got engaged,
and he wasn't as kind. I think he told Daily
Mail who thinks it was a publicity's stunt and it
was all planned?
Speaker 2 (16:15):
But whatever, Ryan, this season has faced unprecedented criticism, Tara.
I know that we've spoken to you previously on the
show about this. What is it about this year that's
been so different from previous years of Maths.
Speaker 5 (16:27):
So in recent years year there has been more and
more contestants kind of going rogue and wanting to question
their edits. But I feel this year is when the
contestants have really taken their power back. There's been a
major power shift, and I think it's examples like Jackie,
Ryan and Marina all creating alternative Instagram accounts to share
their story, and also just the fact that this year
(16:50):
four of the contestants did not go to the reunions.
They just refused to participate, and there was also a
bunch of contestants that wouldn't give over their instagrams. So
it is these contestants finally being like I am actually
in control. The fans aren't looking to Channel nine, they're
not looking to Maths producers to see what are they
have it on the show. They're looking at the contestants,
(17:11):
so they actually do have the power.
Speaker 2 (17:13):
Well that's the conversation that we have to grapple with,
isn't it, Because every time something controversial or chaotic happens
on a show like Maths, we all get up in
arms about it, We report about it and say it
can't go on like this something needs to change, But
then there's a massive rating spike and it really begs
that question of well, why would producers slow down the chaos.
Speaker 5 (17:32):
Yeah, I don't think there's going to be any huge
changes as far as the chaos goes. I think this
show thrives on chaos. I would like to see changes
in some of these edits and how a lot of
the women and their characters are warped on the show,
because I think it can be quite misogynistic, and as
we've seen this you with Jackie and Marina, they are
(17:52):
very much questioned in their edits because of the hate
campaigns they are on the end of. And in the
case of the women on this show, you've had people
like Alissa from previous season speaking out to question their
edits because they've had the public turn on them, and
women get hate at rate that is uncomparable to men,
Like for example, this year, you know you've got Adrian
(18:13):
and Paul and their terrible behavior. I would hazard a
guess that Jackie's got triple the amount of hate that
they've both gotten online because she's a woman. Because yes,
chaos will always resist, but we can't just be leaning
back on these misogynistic tropes all the time.
Speaker 2 (18:29):
Thanks for taking some time to feed your mind with
us today. The quickie is produced by me Taylor Strano,
and Clare Murphy, with audio production by Lou Hill.
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