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Stock prices are displayed at the Nasdaq MarketSite, Thursday, April 10, 2025, in New York. (AP Photo/Yuki Iwamura)Stock prices are displayed at the Nasdaq MarketSite, Thursday, April 10, 2025, in New York. (AP Photo/Yuki Iwamura)Stock prices are displayed at the Nasdaq MarketSite, Thursday, April 10, 2025, in New York. (AP Photo/Yuki Iwamura)

ASX closes in the red after Wall Street tumbles on US-China tensions

The Australian sharemarket finished a turbulent week in the red, with miners falling after Wall Street slumped overnight.

  • Gemma Grant

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US President Donald Trump at a cabinet meeting on Thursday (Friday AEST).

Trump’s tariffs on China are actually 145 per cent, White House clarifies

Meanwhile, the president said countries initially hit with a 10 per cent tariff – such as Australia – could negotiate a lower rate depending on what they offered the US.

  • Michael Koziol
Wall Street soared after US President Donald Trump hit the pause button.

ASX posts $100b rally as it goes from fear to frenzy

The Australian sharemarket posted its biggest jump in five years on Thursday after Wall Street had its third-best day since World War II following Donald Trump’s stunning tariffs reversal.

  • Miriam Steffens and Nick Newling
The ASX 200 dropped 1.8 per cent on Wednesday.

$41 billion wiped from ASX as Trump’s tariffs kick in

Shares fell sharply in another turbulent day on Wednesday, as the Trump administration ramped up the pressure on China and imposed its sweeping global tariffs.

  • Clancy Yeates
US President Donald Trump said other countries were lining up to “kiss my ass” over tariffs.

Trump mocks world leaders, claims they are ‘kissing my ass’ to make a deal on tariffs

Trump was speaking at a Republican Party black tie dinner after his own trade representative was grilled at a Senate hearing about why the US whacked tariffs on Australian goods.

  • Michael Koziol
Ian McDiarmid as Emperor Palpatine in Star Wars

Darth Orange: Trade war shows Donald Trump has embraced the dark side

It’s likely this trade war is just the first episode in what will be a four-year-long saga. A New Hope can’t come soon enough.

  • William Bennett
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‘Mistake on top of mistake’: China responds to Trump’s threats, vowing to ‘fight to the end’

Beijing has hit back at Donald Trump’s threats of more tariffs with a threat of its own.

  • Michael Koziol
Israeli Prime Minister Benjamin Netanyahu with Donald Trump in the Oval Office.

Trump surfs high on a wave of tariff unease, just the way he likes it

The president is projecting confidence in the face of a market rout and internal disagreement. But he has world leaders hanging on his every word.

  • Michael Koziol
Australian dollar plummets against greenback in trade war between China and US.

‘Buckle up’: Aussie dollar plummets as US-China trade war lets rip

The Australian dollar has fallen to its lowest point in five years, with travellers and importers set to feel the brunt.

  • Nick Newling
Trump and Professor Ross Garnaut don’t agree on tariff policy.

Trump wants to close off America. If he succeeds, the global consequences will be catastrophic

Under Donald Trump, the country that created the global free market is bringing it to an end, not soberly but vengefully. The entire episode would be comically clownish if it weren’t so serious.

  • Peter Hartcher

Original URL: https://www.brisbanetimes.com.au/topic/trade-deals-1moy