The treasurer will say ‘we deserve better as a long-term partner and ally’ in major economic address on Tuesday one week before delivering budget

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Jim Chalmers will warn Australia must focus on resilience over retaliation as the Trump administration overturns the rules that have governed the global economic order for the past four decades.

Chalmers will deliver a major economic address in Brisbane at lunchtime on Tuesday, a week ahead of a budget where the Albanese government will spruik its bona fides as a responsible fiscal manager while unveiling the first of what is expected to be a string of deficits into the 2030s.

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