00:00Orange, prickly and hard to handle.
00:07We can take on a cray like this, we can certainly take on the United States.
00:11The government showcasing one trade win in the aftermath of a major loss.
00:17What a week to be the Australian Trade Minister.
00:20We had some bad news yesterday of course.
00:22The bad news?
00:24US President Donald Trump's move to slap tariffs on metal imports with no exceptions.
00:29The government's continuing to seek a carve out.
00:32It's due to talk to the US Trade Representative this weekend.
00:36We adopt a cool, calm and collected approach because that's the sort of guy I am.
00:41As the coalition lays the blame at the feet of Anthony Albanese.
00:45He would have gone to Washington but President Trump won't meet with him.
00:48President Trump's forecasting further tariff regimes on a range of other goods.
00:53Of particular concern to Australia, pharmaceutical and agricultural products.
00:58When it comes to tariffs, they penalise the country that's imposing them.
01:05And while some major trade partners are hitting back with their own tariffs,
01:09the government here is opting for rhetoric over retaliation.
01:13As tempting as it might be to retaliate, that is not the way to go.
01:18And restraint means being impassive to provocation.
01:23Good luck with the crazy man child in Washington.
01:26Beyond taxes, the most significant effect of Trump's tariffs for Australia could be its global consequences.
01:33If the President tips the US into recession or sparks a trade war with China and Europe,
01:38it could shatter global growth and demand for Australian exports could plummet.
01:43Like every capital, Canberra's been forced to wait and brace for what comes next.
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