Australia's trade surplus falls to nine-year low amid EV demand surge

Australia's goods trade surplus has fallen to a nine-year low of $1.1 billion in the June quarter, driven by surging imports related to EV demand and fuel diplomacy efforts. Deputy Prime Minister Richard Marles reaffirmed the government's commitment to passing gambling reforms despite opposition from multiple parliamentary parties, emphasizing the need to balance consumer protection with individual freedoms. The government is also engaging in diplomatic negotiations with Pacific nations including Tonga and Solomon Islands.