Would Australia retaliate with tariffs if the US presses ahead?
Good morning
Hello and welcome back to the mid-week parliament sitting, which also happens to be the day of the Midwinter Ball. What is that? Well, if you don’t know – congratulations! What is it like having a life?
The Midwinter Ball is a parliament event hosted by the press gallery (of which I am a member but having been forced to attend by work previously, would rather spend my evening cleaning the toe jam from an entire retirement village than attend again). It started in 2000 and raises money for charity, with MPs having to be invited to the ball by news networks or those who have been deemed special enough unicorns to buy a table. The event is held in the parliament Great Hall and is limited to 640 people – people have to apply for a table/tickets and then have that application approved by the press gallery ball committee. Then it is your usual work dinner, but worse – the prime minister and opposition leader give a speech, there is a very torturous package of journalist bloopers shown, mostly featuring the friends of those who have put it together, occasionally some comedy and then some dancing. It goes for hours and in this time of falling trust in media is probably something that should be retired, given its main feature is journalists cavorting with the power they are meant to be holding to account.
Political journalist legend Laurie Oakes never went, so he could report on it. You may remember a few things leaking out at times – most memorably in modern history, the Donald Trump impression Malcolm Turnbull did as part of his speech. After that there was a very big debate about what should be reported and what shouldn’t be reported, which memorably included some journalists complaining they should be allowed “at least one night off” which, yes, of course – but not when you are in a room full of lobbyists, corporate titans and politicians. The end result was the speeches from the leaders are now broadcast, and there are still some who complain that has taken the ‘fun’ out of the night because the leaders are more circumspect in what they say.
The ball has come under fire for accepting sponsorship from fossil fuel companies, and also the big banks (around the time of the banking royal commission) and given that journalists are supposed to be reporting without fear or favour on all these industries, and people, the idea of the ball is not just dated, it is also impacting people’s trust in the media. All the big bosses from the media companies come to Canberra for the evening, but it is mostly for the access – there is time during the ball for chats, either with the minister/shadow minister invited at your table, or during the break in entertainment/speeches/hosting which is set aside for mingling. And that is also something the lobbyists/corporate heads etc can take advantage of. So for an industry which literally reports on payment for access, and the ridiculous per-head events political parties host for fundraising, holding one yourself, even if it is for charity seems…icky.
So that is your lesson in the Midwinter Ball. It will mean that the parliament tries to keep all its business in the daylight hours so there is time for getting ready for the evening event.
Which is where we will be – covering the parliament in the daylight hours and anything else that might happen. There is still the ongoing fallout from the decision to expel the Iranian ambassador (and shuttering our own embassy in Iran) after ASIO reported what it said was a direct link between Iran and anti-Semitic attacks in Australia. Plus the US continues to be unhinged, with most of the world’s major postal services shutting down deliveries (of parcels) to the States, because the US is trying to force senders to pay the tariff on goods they are sending to customers/family in the states and then apply to the US to have those tariffs reimbursed. The US decision was meant to target all those Shien and Temu hauls social media is full off (it’s aimed at China e-commerce) but it has captured everyone and means that any small business selling their product is caught up in it. (As well as loved ones sending gifts). Rather than deal with the mess, Australia Post and others have just suspended sending packages. The Liberal MP Tim Wilson thinks this is because Anthony Albanese hasn’t had a meeting with Donald Trump for…reasons. Mostly stupid ones.
Oh and Trump tried and failed to sack the deputy governor of the US Fed (the American version of the RBA) so that is bound to have very minimal impacts on world markets (sarcasm).
So if you are feeling up to it, join along as we cover the parliamentary day, along with the fact checks and explainers where necessary. You have Amy Remeikis with you (and it is at least a four coffee morning) so I hope you will stick around.
Ready? Let’s get into it.