Markets

Inside the 18 hours that changed Donald Trump’s mind on tariffs.

Inside the 18 hours that changed Trump’s mind on trade

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.

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Goldman Sachs is rescinding its recession forecast and reverting to its previous baseline estimate for the economy to grow in 2025.

Trump tariff backflip lights raging fire under Aussie stocks

Australian shares have skyrocketed after US President Donald Trump declared a 90-day tariff pause for many countries, bringing some relief to investors.

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Wall St investors are keeping watch over an escalating US-China tariff war. (AP PHOTO)

Wall St leaps after Trump pauses tariffs for 90-days

US stocks leapt before closing after President Donald Trump announced a 90-day pause on tariffs for most countries.

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Donald Trump has raised the tariff for Chinese imports to the US to 125 per cent, while granting other countries a 90-day pause.

Tariff backflip: China rate 125 per cent, pause for others

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.

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An unhealthy tariff.

Trump’s drug hit hint deals fresh blow to Australia

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.

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Wall Street equities have been hammered since Trump’s sweeping tariffs, announced late Wednesday, on all imports into the US and much higher levies on some major trading partners.

ASX extends tariff losses to close 1.8 per cent lower

The S&P-ASX200 has given up nearly all of Tuesday’s gains as investors struggle to shrug off fears about a prolonged trade war.

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Xi Jinping’s officials have vowed to ‘fight to the end’ in China’s trade war with the Trump administration.

Why China thinks it might win a trade war with Trump

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.

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A China US trade war has erupted as the two nations refuse to back down.

‘Mistake for China to retaliate’: 104 per cent tariff begins

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.

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Australian Prime Minister Anthony Albanese’s reluctance to address economic strategy could be an open attack point for the Coalition and Peter Dutton.

Albo’s economic uncertainty offers Dutton an attack point

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.   

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It was a nail-biting ride for US traders overnight as markets swung on fears the US could be headed for a recession.

ASX makes cautious rebound after Monday’s horror show

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.

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Peter Dutton and Anthony Albanese are increasingly looking to make the federal election an issue of who is best placed to lead Australia through the global uncertainty ahead.

PM Albanese refuses to rule out recession possibility

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. 

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A trader works on the floor of the New York Stock Exchange.

Where real danger might lurk in chaotic markets

The further prices fall, the greater the risk of a “doom loop”.

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Donald Trump has issued a deadline for China to remove retaliatory tariffs on the US, threatening to cut ‘all talks’ with the People’s Republic.

‘Tomorrow at 12’: Trump issues China threat deadline

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’.

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Wall Street equities have been hammered since Trump’s sweeping tariffs, announced late Wednesday, on all imports into the US and much higher levies on some major trading partners.

ASX set to rebound after wild night for US markets

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.

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The ASX has lost $150 billion in just 10 minutes as Trump’s tariffs recession fears grow.

ASX bloodbath: $100 billion wiped from shares

The S&P-ASX200 pared back a wild 6.14 per cent fall on opening today to finish 4.23 per cent lower - still its biggest decline since May 2020.

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