Murray Olds: Australia Correspondent on Washington's call for Australia to boost its defence spending and Trump's new steel tariff - podcast episode cover

Murray Olds: Australia Correspondent on Washington's call for Australia to boost its defence spending and Trump's new steel tariff

Jun 01, 20256 min
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Episode description

The US is trying to convince Australia to lift its defence spending “as soon as possible.”

US Defence Secretary Pete Hegseth is pushing for a rise of 3.5 percent.

He says it's a protection measure against the threat of China.

Prime Minister Anthony Albanese says his country will determineits own defence policy.

Australian Correspondent Murray Olds joins the show to discuss this and Trump’s new steel tariff.

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Transcript

Speaker 1

You're listening to a podcast from news Talk zed Be follow this and our wide range of podcasts now on iHeartRadio.

Speaker 2

You know this is why I have you. I have you to keep me honest because I said there was only one team in the Super playoffs. In fact there are two Queensland and at the Brumbies Act the Brumbies, So I apologize. It was just that was just off the top of my head and I got it wrong. But Murray Old's is still only two Australian teams and four the Kiwi teams in the playoffs.

Speaker 3

The okay, then, yeah, I'm quite fine with that. Particularly good morning Andrew, since my Crusaders we got out of jail. I think it's the Brumbies that little knock on right at the end that was missed by the rev. But you know, I mean, look, it does mean a lot because it means home, home Quarters and home semis and so on. So the faithful in Campberra weren't happy, they

were booing and so on. But look, I was taken back twenty five years to when Andrew Merten's slots a goal in the year two thousand to win the whole title for the Crusaders. I think was after the whistle even I think we won twenty one twenty and that was a huge night and the locals weren't happy then either. So fast forward a quarter century and look we didn't get the chocolates. But it just underlines, doesn't it, the big gap that continues to exist between the two trans

Tasman rugby rivals. I meant a minute to midnight, we've got the British and Irish and Irish Lions coming here and you'd have to say there's really only one Australian team that looks up to the mark and that is the Brumbies coach by Stephen Larkham. Queensland have had a lot of injuries. The force and I mean New South Wales used to be the powerhouse of the son in rugby. It's fallen right off a cliffandrix. So look, there's a

lot to play for for New Zealand teams. I feel sorry for the other South Island team, the poor old Highlanders, but that's the way the cookie crumbles, as they say, So look for two Glisloe Cup, correct me? Here? Is it twenty two or twenty three years since the Knuckleheads have actually won that so there's a lot riding on the and you've got the two million dollar men. You've got Tannyella Tupo waddling around like yeah, you know he's

lost the you know, the way to the buffet. And you've got the other guy, the young chap who has got a broken jaw, come back with broken jaw and I can't think of his name, but I mean that are the two big stars for Australian rugby, so they need them to be firing as well.

Speaker 2

Yes indeed, But yeah, I did worry when I saw the Lions are coming because Northern Hemisphere rabby is strong, and then they get a combined strong team. But then I watched the beginning of Super Rugby and I thought, hello, the Aussies have really come up to the mark here. They're good, but just it just peetered out towards the end. What I'm really interested in is whether an ANZAC side, which they're going to do on this tour, a New Zealand Australian combined side, is actually going to come up

to a mark and actually be competitive. But that's more to come. There's just some serious news that I love hearing you talk about sport Marriot's fair to say, but some serious news and Australia is getting bullied by the United States.

Speaker 3

Well indeed in terms of the you know, the defense spend that Australia is prepared to commit to. And this happened up in Singapore the shangrilad dialogue. It's an annual thing. Pete Hesgeth the chap of the lantern during the Lovely haircut. It happens to be Donald Trump's Defense secretary, and he basically said to Asian Pacific listen, Europe's spending you know, up of four percent maybe five percent on defense every year of GDP, Australia, other Asian nations, you have to

sort of match up. Well, Anthony Albanezi predictably came out and said, well, you can bug it right off. We're not interested in getting bullied by you guys. We will determine our defense spend and our defense policy. I mean, the fact of the matter is America's got Australia and a hook for nearly four hundred billion dollars on submarines that may never be delivered, nuclear submarines that may never ever see Australian waters. There's no guarantees and so we're

committed all this money into the future. I mean next fifty sixty years. Who on Earth knows what's going to happen. Are we still going to need nuclear submarines hideously expensive and so on the Is it going to be a war of droanes? Is it going to be it that shuts down petrol pumps and banks right across the country. I mean, what's war going to look like in half a century? We have no idea. So it's a bit rich for Washington to say to Canberra, Listen, you've got

to bump up your spending. I mean, do we spend more on drones? Do we cancel this ridiculous submarine deal. There's a lot of questions here for the brand new alberan Esy government, but there was credit Anthony Albanesi and stood out over the weekend and said you rack.

Speaker 2

Off good okay. And there's a lot of debate about whether Trump wants to give you the submarines in the first place. So there's the thing. And he's not a mate because he's gone and doubled the steel tariff.

Speaker 3

Yes, I know, fifty percent. It look desert heard Australia. Well, yes it does. We do that there's about a billion dollars worth of Australian steel and alumina No italianminium, knucklehead, it's about a billion dollars of Australian steel and aluminium export to the United States every year fifty tariff. Well, they still need that Australian steel and aluminium, so it's

going to be still going into America. The fact of the matter is Australia those products are going to be catched an extra twenty five percent by the Trump administration. And who's going to pay that. It'll be the American consumers, the car makers, the people making all the boilers for the plants that Trump says are going to be built to fund his brand new make America great again. I mean, it's just such a silly, silly thing to do and

making it more expensive for American consumers. And as Anthony Albineasi said in the week, it is not the act of a friend. So where this goes? I mean, and they have a look at markets, the people are scratching their head saying, where the hell is this going? Because I don't think Donald does Donald Trump have any idea? Certainly the markets have no idea what he's planning and you know what is next. But all we know is that it's royaling world markets and it's not good for anybody.

Speaker 2

All right, Murray, I thank you so much for your turn this Murray holds Out of Australia.

Speaker 1

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