Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day’s news in Market Wrap.

In today’s news, Australian steel and aluminium could be hit after the US announced a tariff on metal imports, the real reason Donald Trump is quickly imposing tariffs, and markets are starting to ask: what if Elon Musk’s DOGE madness actually works.