US Politics

With just hours to go until Donald Trump’s tariffs take effect, questions are being raised about how Australia will fare and if the 10 per cent baseline will be doubled. 

Trump’s offhand comment about Epstein taking Virginia Giuffre from his resort has horrified her family, who say it’s time the president told the whole truth.

Despite almost every commentator suggesting tariffs are an ‘act of economic self harm’, markets have effectively rewarded Trump’s behaviour. Are you tired of winning yet?

Donald Trump is a man difficult to ignore. Just ask James Powditch. 

THE ECONOMIST: As Donald Trump ramps up his attacks on the Fed and tariffs put America’s economy to the test, cracks are appearing in the US Reserve.

Copper prices have plunged after President Donald Trump signed on order imposing a universal 50 per cent tariff on all imports of the metal.

The US central bank has left its interest rate unchanged for the fifth time this year.

US President Donald Trump says the US will impose a 25 per cent tariff on Indian goods, and a penalty for their link to Russia, saying this is ‘a time when everyone wants Russia to STOP KILLING IN UKRAINE’.

THE ECONOMIST: The changing political landscape has led to ‘greenhushing’ of climate goals

Anthony Albanese has brushed off concern the AUKUS pact is in jeopardy after the US announced it would delay the review of the $368 billion deal until later this year.

A Kremlin spokesman says he will not comment after US President Donald Trump shortened a deadline for Russia to agree to a ceasefire in Ukraine.

Anthony Albanese has been accused of “running up the white flag” on the tariff fight after Donald Trump threatened to double the global baseline levy to 20 per cent.

JACKSON HEWETT: Working together, economies around the world could have stood up to Trump’s tariffs. Instead the UK raced for the lifeboats, and the rest have folded like dominoes ever since. 

Donald Trump says he will impose a baseline tariff of 15 to 20 per cent across the globe as the Albanese Government still struggles to secure a deal before Friday’s deadline.

US tariffs on incoming goods look to be settling in only slightly less than what Donald Trump had threatened in April, but the difference has been enough to ease some of Wall Street’s worst recession fears.