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Murray Olds: Australian correspondent on Westpac's boss urging Australians to stop complaining about tariffs · Best of Business

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  Speaker 1: You're listening to a podcast from News talks'd be follow
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  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: Marrie Olds is our Australia correspondent, Marry Good Afternoon, Hy
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  Speaker 2: a Ryan Good afternoon. Good to heavy here. Now, wispec's
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  Speaker 2: boss has said, stop the winding about these tariffs.
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  Speaker 3: Yeah, absolutely, you know, and there's a caveat on there.
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  Speaker 3: Don't forget that there may be more tariffs and posed
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  Speaker 3: on Australia and other countries in the next few weeks ahead.
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  Speaker 3: But when you look at what has happened to Australia
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  Speaker 3: and just in you know, we'll confine our remarks to Australia.
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  Speaker 3: The twenty five percent tariff on Australian steel and aluminium
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  Speaker 3: is negligible. Really, the two commodities together are worth around
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  Speaker 3: one billion dollars last year in exports to America. Total
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  Speaker 3: exports from Australia six hundred and fifty billion. Now, the
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  Speaker 3: United States only makes fifty percent of the steel that
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  Speaker 3: needs every year, so it's going to get the balance
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  Speaker 3: from somewhere. And guess what, all of a sudden, there's
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  Speaker 3: twenty five percent more expensive for American manufacturers and consumer
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  Speaker 3: so not sure where Trump's going with this. And this
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  Speaker 3: is the context for a statement this morning in Sydney
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  Speaker 3: the Westpac chief executive guy called Anthony Miller. He says, listen, listen,
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  Speaker 3: don't start crying about Washington. Have I guess what's an
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  Speaker 3: air doorstep. For example, Indonesia two hundred and eighty four
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  Speaker 3: million people just a stone throw away. It's a drive
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  Speaker 3: and a nine eye. He says, we should focus on
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  Speaker 3: the Asia Pacific. Look at India one point four billion people,
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  Speaker 3: a bloody sight closer than the United States. He said, listen,
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  Speaker 3: don't bite back, and Anthony Abaneze already said we're not
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  Speaker 3: going to But it's very interesting that Miller said this
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  Speaker 3: at the Institute of Finance event here in Sydney. He said,
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  Speaker 3: have a look at agriculture and education, two supremely important
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  Speaker 3: commodities for Asia. Agricultural goods and education. Australia already makes
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  Speaker 3: about thirty five thirty six billion dollars a year from
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  Speaker 3: hosting international students here. It's a huge export industr. Okay,
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  Speaker 3: and Miller's also said coal, iron gas very important. But listen,
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  Speaker 3: we've got to stop crying about Washington and pivot towards Asia.
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  Speaker 2: Yeah, fair enough, point too. Now, Peter Dutton, he's denying
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  Speaker 2: claims that his party's looking to knife him. That's about well,
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  Speaker 2: that's right.
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  Speaker 3: I mean, in the context of the upcoming election, I'm
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  Speaker 3: not surprised to see these stories as a phony election
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  Speaker 3: campaign on right now. And I hear the opposition in
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  Speaker 3: Canberra whining away about Alban Easy, saying oh, we should
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  Speaker 3: have we should have had a carve out special for Australia.
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  Speaker 3: It doesn't work that way, and the opposition knows that
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  Speaker 3: it's just cheap politicking trying to make alban Easy look hopeless. Well,
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  Speaker 3: the Dutton's apparently, according to some reports, he had notably
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  Speaker 3: in the murder press, Dunton's looking pretty hopeless. For members
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  Speaker 3: of his own back bench. They say, listen, pal, what
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  Speaker 3: are you doing? Where are the policies and what about
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  Speaker 3: that half you've got as a shadow treasurer. I mean please, Honestly,
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  Speaker 3: he wouldn't feed that fella his name is now. But
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  Speaker 3: Dutton's hit back. He said, listen, We're going to release
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  Speaker 3: our policies in our own good time. And you know
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  Speaker 3: I'm expecting to see the bulk of Dutton's budget reply
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  Speaker 3: speech which will be later this month. The Bulka BET's
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  Speaker 3: going to be laying out some of us wares for
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  Speaker 3: the election. But you know the government's really belting Dutton
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  Speaker 3: and he's the key focus for a lot of the
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  Speaker 3: attacks from the government. For example, the Foreign Affairs Minister
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  Speaker 3: Penny Wong says, listen, Dunton's just not cut out to
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  Speaker 3: be prime minister. You know, his colleague is saying, we
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  Speaker 3: don't know what Dutton stands for, never real leadership. That's
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  Speaker 3: what I'll tell you. He's just not cut out for
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  Speaker 3: the job. So the gloves are off. It's on for
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  Speaker 3: young for one and all. And we haven't even had
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  Speaker 3: the election campaign.
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  Speaker 2: Don't even have a date yet. Yeah, let's talk about
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  Speaker 2: this hideous woman who American apparently a hunting influencer. Have
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  Speaker 2: you heard of a hunt? What there was before any
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  Speaker 2: were hunting?
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  Speaker 3: And no, no, what's she doing with Call me stupid, Ryan,
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  Speaker 3: I've never heard of it?
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  Speaker 2: What's she doing with your one bets?
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  Speaker 3: Well, look, she's apparently wandering around the outback with an
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  Speaker 3: Australian fellow who's taking photographs of her interactive with Australian wildlife. She's,
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  Speaker 3: as you say, a hunting influencer. She goes with the
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  Speaker 3: name of Sam Strays Okay strays is and stray animals
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  Speaker 3: And here she is. She's apparently here and this footage
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  Speaker 3: comes from last year. We understand. She's shown in the
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  Speaker 3: footage catching a little baby wombat on the side of
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  Speaker 3: the road during the night. An Australian man is filming.
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  Speaker 3: Laughing like a drain. She runs across the road holding
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  Speaker 3: this little baby wombat up in front of the camera.
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  Speaker 3: The little feet are dangling in the asses, and the
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  Speaker 3: man says, look out, the mum's chasing her. Look out,
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  Speaker 3: look out, well please, And she posts this on wherever
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  Speaker 3: the hell they post these things, and apparently it's designed
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  Speaker 3: to influence people anyway. The penalties for this up to
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  Speaker 3: a quarter million dollars if you don't mind, you silly woman,
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  Speaker 3: and up to seven years in jail. I mean, look,
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  Speaker 3: to be fair, the wombat wasn't hurt. Mother and baby
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  Speaker 3: are reunited pretty quickly. But I mean, for stupidity, it's
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  Speaker 3: a bit hard to think of anything more stupid, really,
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  Speaker 3: isn't it, don't you think?
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  Speaker 2: Yeah? That is, it's completely stupid. In fact, the only
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  Speaker 2: thing dumber than doing it was putting it on social media,
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  Speaker 2: you'd have to say, Mary, there you go, Thank you
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  Speaker 2: for that. Murray Old's our Australia correspondent.
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