Latest / The Morning Edition / Trump and Zelensky meet again, and this time, Zelensky has the cards
Transcript
- 0:07S1: The Republican Party is under enormous pressure six weeks out
- 0:10S1: from the midterm elections, with a new poll finding that
- 0:13S1: most voters believe U.S. President Donald Trump has hurt the economy.
- 0:18S1: It comes as Trump faces another test of his power
- 0:20S1: this week, a meeting with Volodymyr Zelensky at the United
- 0:24S1: Nations General Assembly in New York in a bid to
- 0:27S1: negotiate peace between Ukraine and Russia. I'm Samantha Zellinger Morris,
- 0:32S1: and you're listening to Morning Edition from The Age and
- 0:35S1: the Sydney Morning Herald. Today, international and political editor Peter
- 0:40S1: Hartcher on the global leaders showing the world this week
- 0:43S1: who has the cards? Now it's September 23rd. Welcome, Peter,
- 0:49S1: back to the podcast.
- 0:49S2: Pleasure, Samantha.
- 0:51S1: Okay, so the next 48 hours are looking as though
- 0:53S1: they might reveal something about Donald Trump's hold on power.
- 0:57S1: So I was hoping you could perhaps start off with
- 1:00S1: Trump's meeting, his planned meeting with the Ukrainian president, Volodymyr Zelenskyy.
- 1:05S1: How is Trump positioned for this meeting and what might
- 1:08S1: they be discussing?
- 1:10S2: Well, with the UN Leaders Week in 130 heads of
- 1:14S2: government in New York for it. It is a kind
- 1:18S2: of index of Trumpian power. In the case of Zelensky,
- 1:23S2: it's what, a year and a bit since that notorious
- 1:27S2: meeting where he intimidated him, tried to embarrass him, although
- 1:32S2: more embarrassed himself, in my view, with that sort of
- 1:37S2: juvenile bullying.
- 1:38S3: Happens to be right about from the very beginning of
- 1:41S3: the war. You're not in a good position. You don't
- 1:43S3: have the cards right now with us. You start having cards.
- 1:47S3: Cards right now. You don't. You're playing cards, Mr. President.
- 1:49S3: I'm serious. You're gambling with the lives of millions of people.
- 1:53S3: You're gambling with World War three. You're gambling with World
- 1:58S3: War three.
- 1:59S2: The relationship is rebalanced. The cards, the distribution of cards
- 2:03S2: between the two men has shifted. Trump thought that Vladimir
- 2:09S2: Putin was the inevitable winner of the war against Ukraine.
- 2:12S2: That's become a bitter disappointment for both Putin and Trump.
- 2:17S2: Trump has since modified his whole attitude and tone to Zelensky.
- 2:22S2: He's become much more reasonable. He's still, of course, hugely
- 2:26S2: solicitous to to Putin, but he's become a less punitive,
- 2:30S2: shall we say, on Zelensky, because the Ukrainians have the advantage.
- 2:35S2: They have strategic momentum on their side. At the moment,
- 2:39S2: Zelensky and Trump talked on the phone a couple of
- 2:42S2: days ago. It seems that Trump is putting new energy
- 2:46S2: into trying to negotiate some sort of peace between the
- 2:50S2: two countries. Zelensky came out of that phone call and said,
- 2:53S2: we have diplomatic momentum. He said that Trump had called
- 2:58S2: on him Zelensky to please stop bombing Russian oil facilities
- 3:03S2: because we need the oil to flow around the world
- 3:06S2: and bring the price down. Of course, the main reason
- 3:09S2: that oil is not flowing and the price has gone
- 3:11S2: up is Trump's own blundering, incompetent war, which is failing
- 3:15S2: for the US in against Iran. And he's pleading with
- 3:20S2: Zelensky to take pressure off Russia to take pressure off
- 3:23S2: the oil price, to which Zelensky said, we will do
- 3:26S2: that on condition that the Russians do the same. And you,
- 3:30S2: Donald Trump, helped guarantee that they do the same. So
- 3:35S2: the dynamics have changed. Zelensky is holding more cards than
- 3:39S2: he was. And look, just going a little more broadly,
- 3:43S2: every significant dictator, all the men that Trump tried to
- 3:49S2: flatter and tried to befriend have totally played him. And
- 3:54S2: it's now obvious and it's just laughable how small a
- 4:00S2: figure Trump has become on the world stage. Putin has
- 4:04S2: totally ignored him. All of Trump's promises to end the
- 4:08S2: war in a day. It's just become ridiculous. XI Jinping
- 4:12S2: just defied him and said, remove the tariffs or I
- 4:15S2: withhold your supply of rare earths. Trump crumbled in two days. Iran,
- 4:20S2: of course, now is exerting a tremendous cost on the
- 4:24S2: US and global economy through the oil price and the
- 4:28S2: defiance of the US. And finally, Little Rocket Man, as
- 4:32S2: he called Kim Jong UN in North Korea. Since Trump's
- 4:36S2: summits with him, he has accelerated the development not only
- 4:39S2: of his nuclear program, but of also his ballistic missile program.
- 4:43S2: So these men have all played or simply defied and
- 4:48S2: humiliated Donald Trump. And then then there's this the status
- 4:52S2: of his power at home, which you can see it's
- 4:55S2: ebbing away from him day to day. The inflation cost,
- 5:00S2: the petrol price through through tariffs and petrol is undercutting
- 5:04S2: living standards. Americans are very unhappy. Trump's approval rating falls
- 5:09S2: by the day. The latest was just a few hours ago.
- 5:12S2: I saw an Ipsos poll. New record low for Trump
- 5:14S2: at 32% approval rating. He's being defied increasingly at home.
- 5:20S2: His handpicked chairman of the Federal Reserve has just defied
- 5:23S2: his very public demands to cut interest rates and done
- 5:26S2: the opposite. The Supreme Court increasingly stands up to him
- 5:29S2: and defies him. Most recently on Trump wanting to clamp
- 5:33S2: down on the use of mail ballots, which, of course,
- 5:36S2: he has no constitutional power over whatsoever, and the Supreme
- 5:38S2: Court ruled accordingly. Everywhere you look, his power is simply
- 5:43S2: ebbing because of his misjudgments, his incompetence, his over playing
- 5:51S2: of his hand domestically. But most of all, it's that
- 5:55S2: cost of living that has really hurt him. And that
- 5:58S2: is all self-inflicted.
- 6:00S1: Okay, well, just tell us, I guess, how much pressure
- 6:02S1: Donald Trump is now under domestically. You know, how bad
- 6:05S1: is the cost of fuel? How much rage are voters
- 6:09S1: feeling against him? And I guess what he's done, which
- 6:11S1: has of course led to this skyrocketing in price and
- 6:15S1: fuel because we are now only six weeks out from
- 6:18S1: the midterm elections. I was reading just the other day
- 6:21S1: that some Republicans in the country's agricultural heartlands have floated
- 6:24S1: a ban on diesel exports as farmers are squeezed by
- 6:28S1: soaring fuel prices. And this is just as the autumn harvest,
- 6:31S1: their season kicks off. So, I mean, it is an
- 6:34S1: enormous amount of pressure, right?
- 6:36S2: Yes it is. The price of petrol per gallon in
- 6:40S2: the currency was about three bucks before the war. It's
- 6:44S2: now 450. It's so it's a 50% increase. And staying
- 6:48S2: there and diesel, it's even more it's up 70% in
- 6:51S2: the US. And that is without the full effect yet
- 6:55S2: of the closing of the the Red sea oil export route.
- 7:00S2: So when the the Houthi rebels effective shutdown of that
- 7:04S2: oil export route is taking full effect, that will mean
- 7:08S2: both the main arteries for oil exports out of the
- 7:12S2: Middle East are not shut down entirely, but greatly constricted.
- 7:17S2: So analysts everywhere are expecting and predicting that the price
- 7:21S2: of oil worldwide, which is today around $100 a barrel,
- 7:25S2: is going to continue to increase their predictions. It will
- 7:28S2: go to 120, 130 and even 150 USD a barrel.
- 7:32S2: As you say, the timing is exquisitely bad for Trump
- 7:34S2: heading into the midterms, where the petrol price already elevated inflation,
- 7:39S2: already painful, is, by all accounts, about to increase again.
- 7:46S2: And there's absolutely no schadenfreude in in saying this, Samantha,
- 7:50S2: because it's going to hurt. Uh, millions, hundreds of millions
- 7:54S2: of ordinary Americans, but also all of us around the world.
- 7:58S2: Inflation and the, the interest rates, which much which must
- 8:02S2: rise to defeat that inflation is, is a painful economic
- 8:06S2: slowdown and cost of living and living standards, punishment all
- 8:11S2: around the world for this completely avoidable, pointless losing war
- 8:16S2: that Trump confected and mismanaged.
- 8:19S1: After the break.
- 8:21S2: Given that Ukraine has already signed similar arrangements with 28
- 8:25S2: other countries, including the Japanese, the British, the Canadians. Uh,
- 8:30S2: it's about time.
- 8:36S1: We're sensing, I guess, perhaps desperation on Trump's part going
- 8:39S1: into this meeting with Zelensky. I mean, we'll see how
- 8:41S1: it how it sort of, uh, comes out. But then
- 8:44S1: our prime minister, Anthony Albanese, will be having his own
- 8:47S1: meetings on the sidelines of the UN. And so he's
- 8:51S1: going to be meeting with Vladimir Zelensky to announce a
- 8:53S1: new pact. What are they announcing?
- 8:55S2: Yeah. Australia and Ukraine are signing a joint security pact,
- 9:00S2: a bilateral deal which it's expected that Albanese will offer
- 9:06S2: some extra support to Ukraine to help it with its
- 9:10S2: struggle against Russia. Australia has been a supporter politically and
- 9:15S2: in in kind to Ukraine since the beginning of the war.
- 9:20S2: About 1.7 billion AUD worth of military and non-military assistance.
- 9:25S2: It's not a huge supporter, but for a country on
- 9:29S2: the other side of the earth, which has had minimal
- 9:31S2: dealings over the years, it's still substantial. And as a
- 9:36S2: part of this arrangement, the deal they'll sign it will
- 9:40S2: open up the scope for a formal defence relationship and
- 9:44S2: broader political relationship with Ukraine. It should open the way
- 9:48S2: to allow the Ukrainians to start training the Australians in warfare,
- 9:55S2: particularly the electronic warfare, drone warfare and other forms that
- 9:59S2: they've now become the world leaders in. At the beginning
- 10:02S2: of the war, Australia joined the British led kudu mission kudu.
- 10:06S2: It's called to train Ukrainian soldiers. The Australians have trained
- 10:10S2: a couple of thousand Ukrainian soldiers, but now the expertise is.
- 10:14S2: As Mick Ryan, the military strategist Australian former general, said,
- 10:20S2: said to me, um, they the Ukrainians have a lot
- 10:23S2: more to teach us now than we have to teach them.
- 10:25S2: So this will open the way to Australia, getting the
- 10:27S2: benefit of that hard won expertise that the Ukrainians have.
- 10:32S2: It will also open the way to joint ventures for
- 10:36S2: production of military materiel, drones, missiles and other goods. It
- 10:42S2: opens avenues for the future as well, for after the war,
- 10:47S2: the no war lasts forever. To allow Australia to participate
- 10:51S2: in the reconstruction and rebuilding of Ukraine. So it opens
- 10:56S2: a range of new vistas. And given that Ukraine's already
- 11:02S2: signed similar arrangements with 28 other countries, including the Japanese,
- 11:07S2: the British, the Canadians, it's about time.
- 11:11S1: That's I mean, it's certainly unexpected, isn't it? I mean,
- 11:14S1: I think you mentioned to me before we started recording
- 11:16S1: that Ukraine was sort of really relying on NATO. Right. Originally, uh,
- 11:21S1: for support with this war sort of pleading really, obviously
- 11:24S1: has long wanted to be a member of NATO. And
- 11:26S1: now I believe the Ukrainians are going to be training
- 11:29S1: NATO soldiers.
- 11:30S2: They already are. Yes. Um, the Ukrainian troops are training
- 11:34S2: German and Polish soldiers as we speak. Uh, in drone
- 11:39S2: and counter drone warfare. So yes, the balance has has
- 11:44S2: really tipped. Of course, NATO is still indispensable and the
- 11:47S2: EU are still indispensable in supporting Ukraine. But in terms
- 11:51S2: of the accumulated experience and wisdom in cutting edge modern warfare,
- 11:57S2: all of that drone development is new. The Ukrainians are
- 12:01S2: the world leaders and and everybody now has much to
- 12:04S2: learn from them.
- 12:05S1: And Peter, perhaps just to wrap up, can you, I guess,
- 12:08S1: give us a little bit of an overview about how
- 12:10S1: this war is actually going between Ukraine and Russia? Because,
- 12:13S1: you know, you get so much information and misinformation. It's
- 12:16S1: been going a long time now, more than four years.
- 12:18S1: So where are things at?
- 12:20S2: Yeah. Well, the Ukrainians do have the advantage of momentum
- 12:24S2: behind them at the moment. The overall picture is that
- 12:28S2: the Russians total casualties killed and wounded is estimated at
- 12:32S2: 1.4 million men, the Ukrainians, about half a million men.
- 12:37S2: One big change in the dynamic, really startling change is
- 12:41S2: that the best expert estimates are that for almost all
- 12:46S2: of the war. Until this year, there's been 2 or
- 12:51S2: 3 Russian casualties for every one Ukrainian in the first
- 12:55S2: half of this year, according to the CSIs center for
- 12:58S2: Strategic and International Studies in Washington, D.C.. That ratio has
- 13:02S2: now increased to 8 to 1, so eight Russians killed
- 13:05S2: or wounded to every one Ukrainian killed or wounded. That
- 13:09S2: is a dramatic shift in the balance and demonstrates that
- 13:12S2: the Ukrainians are really have improved their skills and strategy
- 13:18S2: when the Russians haven't. That's a terrible toll on both sides.
- 13:23S2: But that's that's the reality. Which has led to a
- 13:25S2: lot of speculation that Russia is about to announce a
- 13:30S2: general mobilization, which Putin has avoided like the plague, because
- 13:33S2: it's wickedly unpopular. But now that their parliamentary elections have finished,
- 13:38S2: finished on the weekend, there's speculation that Putin will do
- 13:42S2: that simply because they are losing soldiers wounded and killed
- 13:47S2: at a rate of 30,000 a month, approximately 1000 a day.
- 13:52S2: And they are simply running out of troops. So the
- 13:55S2: Russians are trying to break the Ukrainian momentum. They're trying
- 14:00S2: to on the ground in Donbas, mount a major offensive
- 14:05S2: to try and break through there. So far, it's really
- 14:08S2: been the most incremental of movement there. But we'll see
- 14:12S2: what happens. But in terms of the the the war
- 14:16S2: in the air, Ukraine demonstrated just on the weekend that
- 14:19S2: it's now able to reach right into the heart of
- 14:21S2: Moscow and blew up a Russian refinery about 25km away
- 14:26S2: from the Kremlin itself, even though its drones have to
- 14:30S2: travel 3000km and penetrate one of the world's most intensely
- 14:35S2: protected defence air zones, the Ukrainians now have this ability,
- 14:39S2: and according to the mayor of Moscow, the Russians shot
- 14:41S2: down 450 Ukrainian drones, yet still enough got through to
- 14:46S2: set fire to this major oil refinery. Unfortunately, some civilians
- 14:51S2: were killed as well. But that has really it's another
- 14:55S2: demonstration of how the odds have shifted, because there was
- 14:59S2: for years no prospect that they could reach Moscow, and
- 15:01S2: now they do it at their leisure.
- 15:03S1: Well, it'll be interesting to see what comes out of
- 15:05S1: Trump's meeting with Zelensky then, because the bullying hasn't worked,
- 15:08S1: the attempted humiliation hasn't worked. And and now the world
- 15:12S1: can see that Ukraine actually does have some cards. So.
- 15:16S2: Yes. Well, it would be wonderful for the sake of
- 15:19S2: humanity as well as for the two countries involved, if
- 15:25S2: Trump were able finally to bring together to broker some
- 15:28S2: sort of agreement. But Putin has shown absolutely no interest
- 15:32S2: in in even beginning to talk, despite Donald Trump's attempts
- 15:38S2: to claim great affinity with the man.
- 15:42S1: Yeah. Right. Okay. So might not be a cease fire
- 15:44S1: in sight, but might just be Trump might even be
- 15:48S1: further hammered in the midterms than even it's looking like
- 15:51S1: it'll be.
- 15:51S2: So the relationship that he thought was such a great
- 15:54S2: asset is turned into an embarrassment, much as the relationship
- 15:59S2: that he had with Netanyahu, which he thought was a
- 16:03S2: great asset, has also turned into a liability because he allowed, uh,
- 16:07S2: allowed himself to be talked into joining Netanyahu's war in Iran.
- 16:11S2: And look what that's got him.
- 16:12S1: Yeah. Well, as always, Peter, thank you so much for
- 16:15S1: your time.
- 16:16S2: A grim subject, but always a pleasure.
- 16:31S1: In other news today, houses are overvalued as much as 61%
- 16:36S1: across Australian cities, according to new analysis from AMP data,
- 16:40S1: signaling that prices could have much further to fall in
- 16:43S1: the current downturn, and Australian petrol and diesel prices have
- 16:48S1: returned to their highest levels in more than five months,
- 16:51S1: and risk climbing further after the war in the Middle
- 16:54S1: East crippled a second major oil export pipeline, triggering warnings
- 16:58S1: from analysts that crude oil could surge past U.S. $150
- 17:02S1: a barrel if the conflict continues. You can read more
- 17:07S1: at the age.com.au or smh.com.au. Today's episode was produced by
- 17:17S1: Kai Wong. Our executive producer is Tammy Mills, and our
- 17:21S1: podcasts are overseen by Lisa Muxworthy and Tom McKendrick. If
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