Analysis

PM plays along with Trump’s superannuation ‘deal’

Ignore the Donald Trump chutzpah – the funds of Australian superannuation members will not be commandeered and sent offshore to Make America Great Again.

John KehoeEconomics editor

Updated Oct 22, 2025 – 3.42pm, first published at 2.21pm

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In classic Donald Trump “art of the deal” chutzpah, the US president is taking credit for luring Australian superannuation funds to invest more than $US1 trillion ($1.5 trillion) extra in the United States over the next decade.

A White House fact sheet heralded Trump for clinching “Billion-Dollar Deals with Australia” on critical minerals, defence and superannuation.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.