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Trump’s turbulence is hurting Australian earnings more than expected

From Flight Centre to Brambles, boards are starting to get enough firm data to realise the US president’s tariff threats are more than just noise.

Buckle up for a bumpy few weeks on Australia’s sharemarkets as our listed companies are forced to confess they have already been hit by Donald Trump’s whipsawing trade threats and a deteriorating global economic outlook.

While boards have relished telling us they are trying to avoid all the noise around Trump’s tariffs, they now have enough firm data to realise it is meaningful for company earnings and shareholders’ wallets.

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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

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    Original URL: https://www.afr.com/chanticleer/trump-s-turbulence-is-hurting-australian-earnings-more-than-expected-20250428-p5lumu