Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > In Australian election race, Trump 'chaos' is making a conservative vote risky
    Headlines

    In Australian election race, Trump 'chaos' is making a conservative vote risky

    In Australian election race, Trump 'chaos' is making a conservative vote risky

    Published by Global Banking and Finance Review

    Posted on April 28, 2025

    Featured image for article about Headlines

    By Kirsty Needham

    SYDNEY (Reuters) - In the well-heeled Sydney beachside suburb of Bondi Junction, early voters leaving a pre-poll centre said they had Donald Trump and the global economy on their mind.

    Australia holds a national election on Saturday, and a campaign coinciding with the U.S. president's stop-start tariffs and volatile diplomacy is bolstering the prospects of Prime Minister Anthony Albanese and his ruling centre-left Labor Party.

    Albanese does not name Trump when he tells voters a conservative government led by the Liberal Party opposition would bring "chaos" to Australia.

    "The last thing you need is a volatile government," Albanese said on Monday.

    "Trump is affecting everybody," said business owner Ian Atherton, 67, voting in Bondi Junction, among the 2.4 million Australians to have already cast a ballot by Monday.

    "What is happening externally is far more important than what is happening internally. I just want to keep the status quo," he added.

    When Trump was inaugurated in January, Liberal Party leader Peter Dutton was ahead in the polls, as Australians expressed anger over the cost of living and housing affordability.

    Most polls in the final stretch of the campaign show Labor ahead, although it may need the support of independent lawmakers to form government.

    "Voters want stability while an idiot like that is in charge in the United States," said Lawrence Jurman, 71. "I think it has hurt the Liberals."

    Andrew Carswell, former press secretary to Liberal Party Prime Minister Scott Morrison, who lost office at the previous election, said Trump had been "a wrecking ball" for Australia's conservative coalition and more broadly across the world.

    "Australian voters are looking on with concern at what is happening and saying if that is change, we don't want it," he said.

    Three recent surveys show negative public reaction to Trump, while Liberal Party insiders told Reuters the anti-Trump sentiment was impacting Dutton's campaign as voters rapidly became risk-averse. Australian pension funds, exposed to the U.S. stockmarket rout, are one way voters are taking a direct hit.

    Although Trump was not the decisive factor in Dutton's fall in opinion polls - Albanese has run a strong campaign, and Dutton made mistakes including a short-lived policy to ban public servants working from home - it added to voter reservations, said two political strategists.

    "Peter is basically a mainstream Australian conservative, he is not an extremist. Some people in the party got Trumpy in a trivial way," said a former Liberal campaign strategist who knows Dutton and declined to be named.

    Independent political consultant Simon Jackman said Albanese's decision to delay the election when a cyclone threatened Brisbane meant the campaign coincided with Trump imposing tariffs which shocked Australians.

    The Liberal Party has historically seen itself as closer to the U.S., striking security and free trade agreements, he said.

    "You had the amazing spectacle of a leader of the conservative party in Australia, Dutton, having to distance himself from the president of the United States," said Jackman.

    The election had been shaping up as a retrospective about what a bad job Albanese and Labor had done in managing the cost of living crisis, Jackman said, but that changed.

    "It became (about) which party could shield Australia from an incredibly uncertain global economic environment, led largely by the actions of the American president."

    The Trump effect is also boosting the "Teal" independents - female lawmakers who won city seats from the Liberals in 2022 by championing action on climate change, and could determine which party forms government if neither secures a clear majority, adds Jackman.

    'AWFUL' TIMING

    In the week after Trump and his DOGE advisor Elon Musk arrived in the White House, Dutton criticised public servants hired as "culture, diversity and inclusion advisers". He would appoint a rising conservative star, indigenous woman Jacinta Nampijinpa Price, to a Ministry of Government Efficiency, he said.

    Media seized on the moment Senator Price, the former deputy mayor of a desert town wracked by violence, said she wanted to "make Australia great again". She later said the echo of Trump's slogan was a slip of the tongue.

    "There was an early attachment to Trump euphoria when things were glowing, and then when they turned sharply, the alignment with the Trump administration hurt them, particularly policies on cutting the public service and work from home," said Carswell, who adds the campaign was "awful timing" for Dutton.

    U.S. trade negotiators also complained about Australia's subsidised medicine scheme, bolstering Labor's election attack - denied by Dutton - that he would "Americanise" health.

    Albanese has largely avoided direct criticism of Trump, because of the importance of the U.S. security alliance. He did not attend Trump's inauguration and has not gone to Washington, saying he will wait for the results of the May 3 election.

    Dutton, asked about Trump in a televised leaders debate mid-campaign, said: "I don't know the president, I've not met him."

    When shown a picture of Musk in the final leaders debate on Sunday, Dutton said the first words that came to mind were "evil genius".

    "I haven't sought to be anybody other than myself," he said, when asked if he was distancing himself from Trump's style.

    A Resolve poll for The Sydney Morning Herald, which directly asked about Trump's impact on the election, found 68% of those surveyed said Trump was bad for Australia, and 35% of undecided voters were less likely to back Dutton because of Trump.

    Ipsos Australia director Jessica Elgood says the Trump effect can be seen in other polls where cost of living tops concerns.

    "If you are concerned about the range of issues related to the cost of living, you are going to be worried by the global financial instability and unpredictability that has occurred over the last few weeks since the tariffs were announced," she said.

    "Taken together it creates an environment where the safety of a known quantity - Labor and Albanese - is more compelling than the risk of the unknown - Dutton."

    (Reporting by Kirsty Needham in Sydney; Editing by Lincoln Feast.)

    Related Posts
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Rome to charge tourists to get close to the famed Trevi Fountain
    Rome to charge tourists to get close to the famed Trevi Fountain
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note
    Ukraine starts new round of talks with US,  Kyiv negotiator says
    Ukraine starts new round of talks with US, Kyiv negotiator says
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    French court rules against Shein suspension over sex doll sales, government to appeal

    French court rules against Shein suspension over sex doll sales, government to appeal

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Big central banks signal rate-cut cycle is ending

    Big central banks signal rate-cut cycle is ending

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    View All Headlines Posts
    Previous Headlines PostUnions warn on UK jobs as Airbus reaches Spirit Aero factory deal
    Next Headlines PostBrent crude oil prices drop on demand fears