Today
Trump survives Epstein crisis but Republicans may not be so lucky
MAGA’s betrayal over the Epstein files will resonate for the rest of this term. The personal criticism of Trump has abated, but others will keep feeling the heat.
Trump grants Mexico 90-day tariff reprieve
The US president has again relented in imposing higher levies on America’s largest trading partner, saying more time is needed to reach an agreement.
Countries sweat on final Trump tariff reveal
White House official Karoline Leavitt said deals could be struck before the August 1 deadline. The president will reveal new levies on Friday morning AEST.
Yesterday
Bank of Japan raises inflation forecasts as food prices bite
The country’s central bank keeps interest rates on hold, but fuels speculation its monetary tightening cycle will resume this year.
Albanese government pressures rank-and-file to dump anti-AUKUS push
Pressure is being placed on Labor’s left and right factions by Canberra to water down their key demands ahead of the Victorian state conference.
6 killed in 7-hour Russian drone and missile assault on Kyiv
The aerial bombardment comes days after Donald Trump demanded Vladimir Putin agree to a ceasefire in Ukraine or face tighter sanctions.
MAGA is turning against Israel and Trump knows it
A vocal contingent of his support base, including young Republicans and far-right podcasters, have grown sceptical of the US relationship with Israel.
Cettire shares dive after Trump expands duties on cheap imports
The US president has imposed import duties on products that are valued under $1240, threatening the business model of online retailers.
Retail sales surge; Trump tanks Cettire shares; ANZ’s top brass cull
Read everything that’s happened in the news so far today.
Trump hits India with 25pc tariff as deadline nears
India “is our friend”, the president said, but its tariffs “are far too high” on US products, ahead of Friday’s deadline for imposing larger levies on countries.
July
Wider AUKUS review could water down criticism of subs pact
A Pentagon assessment of the deal will now consult other American government arms after the initial probe was led by a known sceptic of the pact.
Tsunami waves reach US after huge quake rattles Russia
Japan and the US issued evacuation orders for coastal areas after the 8.8-magnitude shock which officials said was the most powerful in decades.
Inflation slows; Tsunami warning after quake; Aussie rocket crashes
Read everything that’s happened in the news so far today.
Brutal but effective: Trump rules the world on tariffs
The US president is declaring victory amid grudging capitulation from friends and foe alike.
US, China agree to continue talks on a tariff truce extension
The third round of negotiations between the two largest economies in less than three months wrapped up two weeks before an August 12 deadline.
Trump’s blitz pushes US levies to highest levels since 1930s
The wall of levies announced by the president since he took office again in January has taken the country’s effective tariff level to an estimated 17.3 per cent.
Blackstone shooting; CBA’s AI sackings; 20 ASX firms face job cuts
Read everything that’s happened in the news so far today.
Why Trump’s tariffs may not be so bad after all
America has so far not been badly hit by the import levy hikes, mainly because no economy rises or falls for just one reason.
Australia may face increased Trump tariff
Exporters could face a higher 15 to 20 per cent levy on goods into the US, with Canberra yet to strike a deal and the president flagging a new higher baseline.
Trump says ‘real starvation’ hitting Gaza despite Israel’s denials
The US president is working on “various plans” for the war-torn territory after speaking to UK Prime Minister Keir Starmer.