As Australia ponders how to deal with a castrated Trump administration, one lesson is clear: ‘It’s the economy, stupid’ | Zoe Daniel
Summary
The article says rising fuel and living costs, along with opposition to Trump’s immigration policies, contributed to major Democratic gains in the U.S. midterms. It argues the results could shape the rest of Trump’s presidency and offer lessons for Australia’s government as it considers economic policy and relations with the Trump administration.Key Facts
- U.S. gasoline prices were up 40% from a year earlier, and diesel prices had risen 71% since the Iran war began, according to the article.
- The article links higher fuel and diesel costs to disruption of shipping through the Strait of Hormuz.
- The article says Democrats won control of both the House and Senate in the midterms.
- Gina Hinojosa became Texas’s first Latina governor, according to the article.
- The article says Texas voters also responded to Trump’s hardline immigration policies and the use of Immigration and Customs Enforcement.
- Elon Musk spent US$446 million trying to influence the midterm results, mostly in Texas, the article says.
- The author says Australian leaders should consider the U.S. results when setting cost-of-living policies and deciding how to deal with Trump’s administration.
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