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

• Reserve Bank of Australia governor Michele Bullock says the market turmoil caused by Donald Trump’s trade war is not as bad as the 2008 global financial crisis and hosed down demands for an emergency rate cut with a call for patience.
• Australian billionaire Andrew Forrest doesn’t believe President Donald Trump’s massive shake-up of the global economy will produce any legitimate economic growth in the United States.
• Coalition energy spokesman Ted O’Brien has declined to rule out removing Australia from the Paris climate agreement if it is successful at the upcoming federal election, provided the opposition found it was in the national interest.
• Former Victorian premier Steve Bracks rubbished claims he was open to a potential bid to replace the embattled Jacinta Allan with her deputy, Ben Carroll, after fresh polling revealed she was the most unpopular leader in the country.