AUSTRALIAN BILLIONAIRE PALMER LAUNCHES TRUMP-INSPIRED POLITICAL PARTY

Australian billionaire Clive Palmer launched on Wednesday a political party he said was directly inspired by U.S. President Donald Trump, months out from a nationwide federal election.

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.

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