7am

Inside Labor’s plan to fight tariffs

Feb 9, 2025

Karen Barlow, Chief Political Correspondent for The Saturday Paper, gives keen insights into Australia's political landscape amidst global trade tensions. She discusses how Trump's tariffs on China pose a significant threat to the Australian economy, impacting exports and everyday goods. Barlow highlights Australia's efforts to navigate these turbulent waters while managing domestic political pressures. She also sheds light on the broader implications for international relationships, particularly with the U.S. and China, as Australia seeks to adapt and respond effectively.

12:22

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Episode guests

Karen Barlow

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Podcast summary created with Snipd AI

Quick takeaways

Australia faces significant economic challenges due to US tariffs, particularly affecting iron ore exports and domestic pricing of goods.

The Australian government is actively pursuing diplomatic negotiations to mitigate trade war impacts while promoting the importance of free trade.

Deep dives

Impact of Trade War on Australia

The trade tensions between the US and China present significant challenges for Australia, a smaller player in global trade. Australian officials emphasize that tariffs imposed by the US could adversely affect key exports, particularly in iron ore, and ultimately raise the cost of goods domestically. Australia's trade minister, Don Farrell, asserts that it doesn't make economic sense for the US to impose tariffs on a trading partner that maintains a surplus with them. The government is preparing for potential repercussions and is actively communicating the necessity of free and fair trade between nations.

Intro

2min

Navigating Trade Tensions

4min

Navigating Trade Relationships Amidst Political Campaigns

2min

Navigating International Relationships: Insights on Australia and the US

2min

The Economic Ramifications of Tariff Policies and Recent Health Developments

3min

Australia is a small player in global trade, compared with giants like the US and China. And when the world’s two biggest economies embark on a trade war, we feel the impact.

Donald Trump’s new tariffs on China could reverberate through the Australian economy – affecting everything from iron ore exports to the cost of everyday goods.

Australia is making the case that tariffs don’t make economic sense. But with Trump, the usual rules don’t apply.

Today, chief political correspondent for The Saturday Paper Karen Barlow, on how Australia is navigating a trade war it can’t control, and what happens if Trump doesn’t listen.

Socials: Stay in touch with us on Twitter and Instagram

Guest: Chief political correspondent for The Saturday Paper Karen Barlow

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7am

Inside Labor’s plan to fight tariffs

Episode guests