Some economists now believe the response to the market mayhem could see the most aggressive interest rate cuts since the global financial crisis.
Taylor expressed their consistent support for open markets, highlighting their advocacy for various sectors like farmers, exporters, miners, and manufacturers during the Sky News Treasurers’ Debate.
“When we were last in government, of course, we did take on the Trump administration, and we avoided tariffs.
In contrast, Chalmers criticized the Coalition for not securing the necessary free access to the US market despite a recent photo opportunity trip by Jim to the US.
Chalmers further accused the Coalition of having members who are now hypocritically trying to distance themselves from certain US policies and budget cuts, referring to them as “DOGE-ey sycophants.”
“It is important to remind everyone that we expect the Australian economy to continue to grow, and Angus and Peter Dutton should stop lying about that. That’s an important correction, an early correction,” Chalmers said.
“When it comes to the space in the budget, the budget is in a much stronger position now than it was three years ago, and that’s because I’ve delivered two budget surpluses.”
