Today
US Treasuries slide with worst sell-off since 2019
Volatility continued to lash assets in the US markets with bonds extending a slide that could be the biggest in more than five years.
Yesterday
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.
The bond market teaches Trump the art of the squeal
The US president is not easily humbled, but he’s learnt to respect a bond market that has grown far more powerful and consequential than ever.
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.
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.
Helicopter crashes into Hudson River killing six
The chopper appeared to break apart in midair, according to video of the crash posted on social media.
Trump sees transition costs after confirming 145pc China tariffs
The levies have surged to a level far above what many economists have said could decimate trade between the world’s two biggest economies.
This Month
US inflation unexpectedly cools ahead of tariffs impact
New data showed the consumer price index unexpectedly dipped 0.1 per cent in March.
Trump’s markets rollercoaster hits Main Street business
Turbulence in global markets has come alongside fresh evidence that Americans are growing disenchanted with their economy, with sentiment dropping steeply.
Goldman’s 73-minute recession says everything about a reeling market
Was it The Art of the Deal, or just Donald Trump blinking in the face of a bond market shock? Either way, it’s been a day of whiplash for traders and brokers.
‘Great time to buy’: Did Trump just manipulate the market?
Less than four hours before the president announced he was pausing tariffs, he posted online telling his 9.4 million followers that it was a good time to buy.
Here’s why Donald Trump buckled on tariffs
The market turmoil and pressure from Wall Street to Capitol Hill proved too much for the US president.
Trump and Xi are locked in a stand-off. Neither wants to blink first
The US hiked tariffs on China, just hours after Beijing did the same. The move endangers both economies and interests around the world.
Trump backs down in global trade war but hits China
The president stunned global investors by announcing a 90-day pause in additional tariffs on most countries, but ramping up levies on China.
Ex-Facebook executive says Zuckerberg undermined US security
Sarah Wynn-Williams testified to Congress that the social media giant threatened national interests while cozying up to China, accusations Meta denies.
Dimon says US recession is ‘likely outcome’ of tariff upheaval
“No one’s wishing for that but hopefully, if there is one, it’ll be short,” the billionaire chief executive of America’s largest bank said.
Cars pile up at ports in Trump tariff confusion
One executive warned the situation at ports worldwide could become “quite ugly” in a few weeks as carmakers park vehicles amid levy uncertainty.
Trump mocks world leaders as huge new tariffs take effect
The president’s aggressive levies on America’s largest trading partners were introduced at 2pm AEST, even as he touted potential deals with some allies.
Why Tim Cook may regret cosying up to Trump
Apple’s close relationship with the president has failed to protect it from the trade war chaos, as customers race to upgrade gadgets before the tariffs kick in.
‘Don’t get even, get ahead’ should be Australia’s response to Trump
Now is a time for Australia to lean into the rest of the global trading system and play an even greater leadership role.
Trump’s mob boss approach to global markets will backfire
The US president has discovered that it is easier to shake down a law firm than to reshape the international trading system.
‘You’re a much smarter person than that’: US senator rages over Australia tariffs
Mark Warner used a Senate hearing to slam US Trade Representative Jamieson Greer, who insisted Donald Trump was not about to exclude Australia from his levy blitz.
Musk calls Navarro ‘Peter Retarrdo’ as Trump tariff spat gets messy
The White House downplayed the disagreement, saying “boys will be boys” and that the administration “will let their public sparring continue”.
Under Trump, America is becoming unrecognisable
Understatement and confidence, decency and expectation; that certain idea of the United States for which the country was once so admired, is evaporating.
US to ‘take back’ Panama Canal from Chinese influence
US Defence Secretary Pete Hegseth vowed to deepen security co-operation with the Central American nation and said China would not be allowed to “weaponise” the canal.