Today
Trump-Xi truce appears elusive as China digs in
The complaint from Beijing is that there’s no consistent set of demands from the Trump administration and so there’s nothing to negotiate yet.
Yesterday
China hikes tariffs, says Trump’s trade war ‘has become a joke’
China’s commerce ministry said Donald Trump’s use of excessively high tariffs has become little more than a numbers game.
China hits back at US with 125pc tariffs
Beijing escalated the trade war with the United States by again raising tariffs and accusing the Trump administration of “unilateral bullying and coercion”.
Investors find refuge on ASX as Wall Street giants lose their lustre
The slump in the S&P 500 and Nasdaq has been far more pronounced than the local market this week, just as traders dump the US government bond and greenback.
AusSuper breach losses grow to $750,000
AustralianSuper chief executive Paul Schroder says the number of members affected by last week’s industry-wide cyberbreach has grown from four to 10. How the day unfolded.
EU warns of taxing US big tech if Trump trade talks fail
The European Commission president says she wants a “balanced” deal but could hit US services in retaliation.
Trump’s trade ructions will end up disrupting banking and payments
European Central Bank president Christine Lagarde has lamented an almost exclusively American financial infrastructure. Others feel the same way.
Bond markets left reeling as epic week scars traders
The wild swings across bond markets this week were reminiscent of the biggest crises in modern history. Battered traders are now moving to more reliable havens.
Trump isn’t kowtowing to the market – he’s doubling down
Investors need to be bold during these dark days. You want to be buying when the crowd is throwing the baby out with the bathwater.
Xi to bolster regional alliances in Trump’s trade war
The Chinese president is under pressure to shore up relationships with South-East Asian allies who are trying to appease Donald Trump and escape his tariffs.
Trump goes all-in for his biggest deal ever: China
Amid the ruins of the rules-based global trading system, the US president has bet the house on Xi Jinping playing along with his art of the deal.
Nine rules for investors to navigate the trade war
Trade wars, like pandemics, have the potential to break traditional correlations in financial markets. But do not despair: trade wars also have their logic.
China’s $2trn market rescue is just the start as trade war intensifies
State-linked funds stepped in to rescue Chinese stocks this week as the battle with the US intensified. But it’s an expensive exercise.
Hawke and Keating were wrong. There is a strong case for tariffs
The Hawke-Keating-Howard era got rid of tariffs. But in their place, they brought in a range of imposts that never existed before, or at least not to the same degree.
RBA awaits China stimulus to protect Australia
The Reserve Bank and Treasury are pinning their hopes on infrastructure assistance from Beijing to shield the nation from a deepening trade war.
The man who got Trump to do a ‘liberation day’ U-turn
Scott Bessent, described by the president “as one of the most brilliant men on Wall Street” helped change Trump’s tariff stance. His next moves will be crucial.
Could Trump’s tariffs decouple Europe from China, too?
The levies may trigger a strategic diversion of Chinese exports from America to the EU, eventually compelling European governments to respond with their own trade barriers.
Will global leaders practice free trade preached to Trump?
Given the agreement that tariffs are a tax on consumers, why don’t both major political parties pledge to remove them if they prevail at the election?
There is no cunning theory behind Trump’s tariff plan
The White House cited my classmate’s economic research to justify its reciprocal tariffs – it got the maths wrong. But it gets worse.
China cuts Hollywood films in latest trade salvo
The move signals that Chinese President Xi Jinping could now be targeting American services in the escalating trade war.