Trump administration labels Australia’s media bargaining laws ‘foreign extortion’
Why this matters: a developing story that could shape the day's news cycle.
Albanese defends plan forcing Meta, Google and Tik Tok to make deals with Australian news publishers through a levy The Trump administration has described Australia’s moves to make big tech companies pay for news online as “extortion” but Anthony Albanese defended the plan by saying it was about protecting and rewarding media outlets for the work they produce.Labor’s plan to encourage Meta, Google and Tik Tok to make deals with Australian news publishers, or face a 2.25% levy, is likely to be supported by the Coalition and Greens in parliament. But a bigger problem may be the ire of Donald Trump, who has strongly opposed extra regulation being imposed on US-based tech companies. A major tech industry lobby group on Wednesday urged the White House to consider retaliatory trade measures. Continue reading...