The president’s contempt for the media is explosive and his ‘disappointment’ with Australia apparent. For Meta, Google and Oracle, it’s a powerful combination
The fallout of the Albanese government’s proposed News Bargaining Incentive feels predictable. The tech oligarchs will likely urge Donald Trump to punish Australia for the government’s efforts to protect publishers from the financial harm caused by the big tech platforms’ use of news content from established media companies.
It is the same playbook used by the big US pharmaceutical companies to fight back against Australia’s Pharmaceutical Benefits Scheme and similar programs in other countries. Australia has so far dodged much of Trump’s tariffs on medicines, but Trumps’ desire to punish US trade partners is unwavering.