Australia PM calls general election for May 3 amid cost of living crisis, tariff worries

Australian Prime Minister Anthony Albanese called a national election for May 3 amid high cost of living and rising U.S. tariffs, starting a five-week campaign for his center-left government seeking a second term. Albanese emphasized facing global challenges the “Australian way” by supporting people under financial pressure and investing in the future. Despite measures like tax cuts and interest rate reductions, cost-of-living pressure has increased under Albanese’s leadership, with polls showing a close race between his Labor Party and the conservative Liberal-National coalition led by Peter Dutton.

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