ASX rockets up after Trump tariff backflip
US President Donald Trump’s wild backdown on tariffs has lifted Wall Street and sent the Australian sharemarket shooting up.
US President Donald Trump’s wild backdown on tariffs has lifted Wall Street and sent the Australian sharemarket shooting up.
Donald Trump’s plan to pause tariffs on most countries except for China was the US President’s “strategy all along”, the Secretary of the Treasury said.
Yesterday, economists were tipping a super-sized rate cut when the RBA meets in a few weeks, but a lot can change in 24 hours – thanks to Donald Trump.
Treasurer Jim Chalmers and shadow Angus Taylor held a feisty pre-election debate, but the spectre of US President Donald Trump loomed.
Holidays to Bali have become cheaper this year — and Aussie travellers have Donald Trump to thank for the boon.
The ASX finished slightly up on Friday, but investors remain uncertain over a potential hung parliament and US President Donald Trump’s tariffs.
As Aussies get ready to head to the polls, a leading economist warns these are the huge challenges that await whichever party wins the upcoming election.
A fall in overseas arrivals into Australia could put further pressures on struggling businesses, an economist has warned.
It’s a controversial policy dubbed an “economy killer”, but one detail tucked in Anthony Albanese’s “cost of living” budget reveals Labor is full steam ahead.
The ASX stumbled into the red on Thursday as US President Donald Trump’s freshly announced auto import tariffs stirs ‘mass uncertainty’ among investors.
An expert has issued a grim wake up call as countless Aussies hold their breath hoping for another interest rate cut within days.
Labor has passed its $5-a-week tax cut plan, forcing the Coalition to vote against the cost-of-living relief it has already labelled as a “cruel hoax”.
Cost of living relief and a modest tax cut are unlikely to slow the RBA’s progress on cutting rates, according to analysts.
Of all the budget measures Jim Chalmers announced to combat Australia’s cost of living, there was one crisis he overlooked – with devastating consequences.
Original URL: https://www.dailytelegraph.com.au/business/economy/page/6