From Tuesday evening to Wednesday afternoon, Trump and his trade advisers spoke to several Republican lawmakers and top foreign leaders who raised concerns about the faltering global markets.
Australian shares have skyrocketed after US President Donald Trump declared a 90-day tariff pause for many countries, bringing some relief to investors.
US President Donald Trump has spectacularly backflipped on his newly announced higher tariffs, granting a 90-day pause for most countries while escalating a trade war with China.
US President Donald Trump has signalled a tariff on imported pharmaceuticals, a policy that is expected to directly hit Australia’s second-largest export to the US.
Beijing has vowed to ‘fight to the end’, but in reality they may only need to fight until US consumer prices begin to rise or employment begins to fall.
US President Donald Trump has imposed a 104 per cent tariff after China missed his deadline to remove a retaliatory tariff as a fierce trade war with alarming global impacts erupts.
LATIKA M BOURKE: Day 11 of the Federal election campaign and one thing is certain: Albo has no clear answers for what he will do in the coming years. He is certain only that there will be uncertainty.
The Australian stock market is staging a cautious rebound after yesterday’s horror show handed local investors the worst drop on the S&P-ASX200 since the early days of the pandemic in May 2020.
Peter Dutton has seized on the current global uncertainty to claim Labor will lead Australia into recession if re-elected, after Prime Minister Anthony Albanese failed to rule out the worst-case scenario.
US President Donald Trump has issued an ominous threat to the People’s Republic of China, warning President Xi if action is not taken by Wednesday, ‘all talks’ between the two nations will be ‘terminated’.
The Australian stock market is set to open higher following a wild ride on US indexes overnight, as US President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China.