AUDUSD0.6423
0.0001 (0.02%)0.02%Trump tariffs set to wipe $2.7trn from US markets; S&P nears breaking point
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That’s a wrap
Thank you for reading our live coverage of the sharemarket fallout after Donald Trump imposed sweeping tariffs on countries across the world, causing the US market to plunge and raising fears of a recession.
A few of the top stories from the day:
- Markets brace for severe economic shock from Trump’s tariff storm The ASX lost $21 billion as markets were roiled by the tariff war.
- Tariffs spark questions over US alliance Australian exports were hit with a 10 per cent tariff as part of the US president’s escalating global trade war.
- US tariffs to force RBA to cut rates up to four times in 2025 Economists predict the trade war will cause a global slowdown that will impact the Australian economy, with markets increasingly certain of a rate reduction in May.
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