Donald Trump’s retreat from the renewable energy transition and reverberations from his looming tariff regime will supercharge Labor’s National Reconstruction Fund, chairman Martijn Wilder says.
The federal government’s primary vehicle to reboot domestic manufacturing in Australia, the $15 billion NRF will on Tuesday announce its first investment, delivering new backing to Queensland-based Russell Mineral Equipment.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
