As global markets continue to feel from the fall out of President Trump’s ‘Liberation Day’ tariffs, the federal government Coalition is keeping a close eye on Australia’s economy. Particularly with the election just a few weeks away.
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00:00The Coalition is urging it be kept up-to-date on the state of the economy, with financial
00:07markets reeling from United States President Donald Trump's Liberation Day tariffs.
00:13It was $110 billion wiped from the Australian share market yesterday, its worst day of trade
00:18in five years, and another turbulent day ahead.
00:22Last night, Shadow Treasurer Angus Taylor confirmed he had written to Treasury and Government
00:26Ministers seeking daily briefings on the economy, saying whoever wins government at
00:31the May 3 poll must be ready to respond quickly to a potential US recession and domestic sell-off.
00:39Opposition Leader Peter Dutton saying this morning he didn't like the tariffs, but they
00:43must be responded to.
00:45I don't agree at all with President Trump's approach to the tariffs, and I've been very
00:49clear about that.
00:50My job as Prime Minister, if I've been given that great honour, will be to stand up for
00:54our country's best interests.
00:56But to be honest, it doesn't matter what President Trump throws at us.
00:59The Australian Prime Minister needs to deal with whatever is coming our way, and the problem
01:03with our Prime Minister now is that he's just too weak and too slow to respond to these
01:08issues and to act in our country's best interests.
01:12And the economy is likely to feature at tonight's first leaders' debate between Prime Minister
01:17Anthony Albanese and Opposition Leader Peter Dutton, here where I am in Western Sydney.
01:23These debates can be key to the election campaigns, with some politicians shining under the spotlight
01:29while others struggle, and with so many undecided voters tuning in to watch, a major moment
01:36or a slip-up could prove decisive to the leaders' campaigns.