Donald Trump blinked – and markets breathed a sigh of relief.
Australia’s sharemarket followed Wall Street to post its biggest one-day gain in five years on Thursday, but it is naive to think Trump’s tariff capitulation has saved the day.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
