That’s a wrap – thank you for reading the Australian Financial Review’s blog coverage for today. Some of our top stories include:

• The Reserve Bank of Australia, ASIC, Treasury and APRA have warned the uncertainty caused by US President Donald Trump’s tariffs is likely to persist for some time.
• Prime Minister Anthony Albanese says he won’t negotiate with Trump on pharmaceuticals and that he will “stand up” for the PBS, an “essential part” of Australia’s identity.
• Industry Minister Ed Husic quipped that a US senator who went in to bat for Australia, arguing in a heated exchange with US trade representative Jamieson Greer that Trump’s tariffs were an insult and undermine the security relationship between the two partners, deserves an honorary Order of Australia.