Markets

JACKSON HEWETT: US president Donald Trump’s tariffs mean bad news for an already under-pressure Australian retail sector — and one hell of a Black Friday sale heading our way.

Australian shares tumble following the worst US market rout since COVID, driven by sweeping new tariffs and rising fears of a global economic slowdown.

AARON PATRICK: As global financial markets convulse under the weight of a presidential-initiated global trade war, there is one market that already looks like it may get a Trump bump: Australian property.

Aussie investors are in for another horror day on the local share market, with the leading index opening sharply lower following a tariff-induced bloodbath in the US overnight.

US President Donald Trump has responded to the carnage on Wall St following his tariff announcement, likening the shift to an ‘operation’ and claiming this is ‘exactly’ what he said would happen.

US President Donald Trump’s newly announced sweeping global tariffs have caused carnage on Wall Street, with $3 trillion wiped from the market as all-out trade wars and recession fears take over.

The local share market has nosedived, with investors stripping it of $28 billion of value after President Donald Trump revealed Australia would cop a 10 per cent tariff hit on all good imported into the US.

Business and Australian farmers are deeply disappointed about Donald Trump’s 10 per cent tariffs on Australian exports, warning six billion American hamburgers will be more expensive.

JACKSON HEWETT: Friend or foe, it won’t matter. And much like his previous business transactions, Mr Trump’s art of the deal will commence with an extreme anchor.

JACKSON HEWETT: The US President’s willingness to stomp on the global trading order and reshore American manufacturing could be a power play on two levels.

JACKSON HEWETT: The US President has everyone on tenterhooks, Australian mortgage holders included.

S&P, Nasdaq post worst month since December 2022; Uncertainty over Trump tariffs weigh on markets in first quarter Dow up 1.0 per cent.

Former WiseTech Global chairman Andrew Harrison has returned to the board he departed just a year ago to fill the role of lead independent director.

A rush of new tariffs will hurt growth, raise prices and worsen inequality.

The US property market data giant circling Australia’s Domain has sweetened its offer for the real estate listings platform to almost $2.8 billion.