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Federal election 2025 LIVE updates: ASX falls sharply as fallout continues from Trump tariffs; worst trading day on Wall Street since 2020 as $2.4 trillion wiped

Federal election 2025 LIVE updates: ASX falls sharply as fallout continues from Trump tariffs; worst trading day on Wall Street since 2020 as $2.4 trillion wiped

Read all the headlines from day eight of the 2025 federal election campaign on Friday, April 4.

  • by Nick Newling, Daniel Lo Surdo and Lachlan Abbott

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Independents wield the power of balance

Independents wield the power of balance

Kerryn Phelps broke through as an independent when she won the seat of Wentworth in 2018. The sky didn’t fall in.

  • by Kerryn Phelps
Exaggerations from Albanese, Dutton lost in Trump’s tariff blitz

Exaggerations from Albanese, Dutton lost in Trump’s tariff blitz

We take a look at the prime minister’s claim Dutton wanted to end bulk-billing and the Coalition’s claim groceries are up 30 per cent under Labor.

  • by Bronte Gossling
Economic turmoil created by Trump’s tariffs will affect everything from coffee to interest rates
Analysis
Trade wars

Economic turmoil created by Trump’s tariffs will affect everything from coffee to interest rates

The turmoil caused by Trump’s “Liberation Day” has been more wide-ranging than even the president could have expected. But what does it mean for me?

  • by Shane Wright
Best of cartoons, April 4, 2025
7 images

Best of cartoons, April 4, 2025

The news of the day as interpreted by our talented artists, illustrators and cartoonists.

We asked Australians what they really think about this election. Here’s what they said

We asked Australians what they really think about this election. Here’s what they said

We spoke to 12 undecided voters and asked them how they felt about the May 3 election, what they thought the big issues were - and what they thought the result would be.

  • by Angus Delaney, Nick Newling, Penry Buckley and Hannah Hammoud
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Joyce, McKenzie jostle to keep Coalition frontbench roles after election

Joyce, McKenzie jostle to keep Coalition frontbench roles after election

Nationals frontbenchers are hustling to keep their positions after the election as tensions flare again between party leader David Littleproud and predecessor Barnaby Joyce.

  • by James Massola
The latest illustrations from artist Cathy Wilcox
30 images

The latest illustrations from artist Cathy Wilcox

The latest work by the acclaimed Sydney Morning Herald editorial cartoonist.

The latest illustrations from artist Simon Letch
30 images

The latest illustrations from artist Simon Letch

Gallery of illustrations by the Sydney Morning Herald artist.

Victoria’s hot seats LIVE updates: Are you a Zionist?: Goldstein candidates grilled on Israel-Palestine conflict

Victoria’s hot seats LIVE updates: Are you a Zionist?: Goldstein candidates grilled on Israel-Palestine conflict

Join us over the next five weeks for an in-depth look at the candidates, hot-button issues, and a breakdown of the policies and campaign promises in four key electorates.

  • by Clay Lucas, Cara Waters, Rachael Dexter and Charlotte Grieve
Australia’s best hope: wait for Americans to turn on Trump

Australia’s best hope: wait for Americans to turn on Trump

Given the US president’s fraudulent tariffs, an honest Australian election campaign would confront the need for a national insurance policy against an unreliable ally.

  • by David Crowe

Original URL: https://www.smh.com.au/politics/federal