<p>Sydney: Australian billionaire Clive Palmer launched on Wednesday a political party he said was directly inspired by US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a>, months out from a nationwide federal election.</p><p>Mining magnate Palmer said his Trumpet of Patriots party would "drain the swamp" in the country's capital Canberra, a reference to Trump's plans to drastically cut the size of government.</p><p>"We think Donald Trump's been very effective in reducing public expenditure," Palmer told a news conference announcing the launch.</p><p>Palmer was critical of mass immigration and said the party would only recognise two genders, reflecting positions also favoured by Trump.</p><p>Trumpet of Patriots plans to stand candidates in all 150 seats in Australia's lower house, as well as the upper chamber, known as the Senate, Palmer said.</p>.Australian billionaires pour funds into parties ahead of election.<p>Palmer, Australia's 18th richest person with a net worth of $2.1 billion according to Forbes, previously led the right-wing United Australia Party (UAP), sitting as a lawmaker in the lower house for three years from 2013.</p><p>Palmer spent around A$100 million ($63.52 million) on campaigning for the UAP in the last federal election, yielding a single Senator in the upper house.</p><p>He failed to register UAP in time for this year's election, that must be held by May.</p><p>Prime Minster Anthony Albanese is yet to announce the date of the poll, that could be as early as March after the country's central bank cut interest rates on Tuesday, a boost for the government that has seen its popularity fall due to cost-of-living pressures.</p><p><em>($1 = 1.5743 Australian dollars)</em></p>
<p>Sydney: Australian billionaire Clive Palmer launched on Wednesday a political party he said was directly inspired by US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a>, months out from a nationwide federal election.</p><p>Mining magnate Palmer said his Trumpet of Patriots party would "drain the swamp" in the country's capital Canberra, a reference to Trump's plans to drastically cut the size of government.</p><p>"We think Donald Trump's been very effective in reducing public expenditure," Palmer told a news conference announcing the launch.</p><p>Palmer was critical of mass immigration and said the party would only recognise two genders, reflecting positions also favoured by Trump.</p><p>Trumpet of Patriots plans to stand candidates in all 150 seats in Australia's lower house, as well as the upper chamber, known as the Senate, Palmer said.</p>.Australian billionaires pour funds into parties ahead of election.<p>Palmer, Australia's 18th richest person with a net worth of $2.1 billion according to Forbes, previously led the right-wing United Australia Party (UAP), sitting as a lawmaker in the lower house for three years from 2013.</p><p>Palmer spent around A$100 million ($63.52 million) on campaigning for the UAP in the last federal election, yielding a single Senator in the upper house.</p><p>He failed to register UAP in time for this year's election, that must be held by May.</p><p>Prime Minster Anthony Albanese is yet to announce the date of the poll, that could be as early as March after the country's central bank cut interest rates on Tuesday, a boost for the government that has seen its popularity fall due to cost-of-living pressures.</p><p><em>($1 = 1.5743 Australian dollars)</em></p>