Menu

Search

  |   Politics

Menu

  |   Politics

Search

Australia Votes as Labor Leads Amid Trump Concerns and Cost-of-Living Pressures

Australia Votes as Labor Leads Amid Trump Concerns and Cost-of-Living Pressures. Source: AAP/Mick Tsikas

Australians headed to the polls on Saturday in a tightly contested national election expected to favor Prime Minister Anthony Albanese and his Labor Party over conservative opposition leader Peter Dutton. With mandatory voting in place, over 8 million of the 18 million eligible voters cast early ballots, while overseas booths opened in 83 countries.

Albanese, touting achievements in healthcare and housing, urged voters in Melbourne to give his government a second term. “We’ve built strong foundations,” he said, emphasizing continued investment in Medicare and housing affordability.

Dutton, campaigning in the same city, called on voters to back the Liberal-National coalition to "get the country back on track," blaming Labor for the biggest decline in living standards on record. Known for his tough stance on immigration, Dutton has faced criticism for proposing to cut thousands of public sector jobs and for his perceived alignment with Donald Trump’s aggressive policies.

While both major parties focused on rising living costs, global uncertainty—particularly stemming from Trump’s erratic diplomacy and tariffs—emerged as a key voter concern. Trump’s 10% tariffs on Australian exports and his broader trade policies have fueled unease in this close U.S. ally.

Labor has attempted to frame Dutton as a “Trump-lite” figure, hoping to tap into widespread Australian disapproval of the former U.S. president. A Newspoll showed Labor ahead at 52.5% to 47.5% under the two-party preferred system, though a minority government remains possible due to strong support for independents and minor parties.

Roy Morgan polling shows a growing shift toward smaller parties, with independent votes doubling since 2007. In 2022, "others" claimed nearly a third of the vote—a trend expected to continue in 2025, potentially reshaping Australia’s political landscape.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.