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Trade wars

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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?

  • Shane Wright

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US President Donald Trump, left, and Howard Lutnick, US commerce secretary last month.

New world order: Trump’s tariff attack sparks global recession fears

His trade secretary says a recession would be “worth it” to restructure the US economy, while Trump plays it down but admits there could be bumps.

  • Michael Koziol
French President Emmanuel Macron holds a meeting in Paris on Thursday with representatives of industries affected by the US tariffs.

‘Brutal’: Macron vows to protect Europe after US lands shock trade blow

The French President has called on EU nations to stop all investment in the United States after Donald Trump announced a 20 per cent tariff on European imports.

  • James Crisp, Nick Squires, James Rothwell and Sarah Newey
A market at the village of Lospalos in the east of Timor-Leste.

Trump tariffs ‘will literally devastate’ the world’s poorest countries

Even Timor-Leste, whose biggest export to the US is coffee to Starbucks, made the list.

  • Philip J. Heijmans and Antony Sguazzin
Transportation Secretary Sean Duffy, left, Health and Human Services Secretary Robert F. Kennedy Jr. and Commerce Secretary Howard Lutnick listen as President Donald Trump speaks during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)

Lutnick calls Australian biosecurity rules ‘nonsense’, says Trump won’t back off

As global markets roiled from the US president’s tariff overhaul, his commerce secretary said the time for negotiation was over and other countries had to “change their ways”.

  • Michael Koziol

Brexit for the US: Trump’s tariffs are the sign of a nation in decline

Trump is famously unpredictable, but his unifying theme is utterly consistent: the retrieval of national power. It is to make America great again.

  • Waleed Aly
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Michelle Geber

There will be tariffs on Australian wine, but it’s not all bad news

What might Trump’s “Liberation Day” mean for the local industry?

  • Gemma Grant
Donald Trump lovingly cuddled a big poster detailing the tariff vengeance he was about to unleash.

Trump says everyone’s gotta pay – so why doesn’t Putin?

Donald Trump, ignoring the hopes of the world, perfectly fits Oscar Wilde’s definition of a cynic.

  • Tony Wright
The PM was preparing for a group photo when he fell.

The day Trump hijacked the Australian election, until the PM took to the stage

Neither party leader took a backwards step from US President Donald Trump’s tariffs on Thursday. Then Anthony Albanese posed for a photo op.

  • Paul Sakkal and Matthew Knott
President Donald Trump unveils the reciprocal tariffs.

Trump hits Australia with 10 per cent tariff on all exports to the US

The US president singled out Australia’s largest export to the US, beef, and said it was unfair that the country did not accept imports of American beef.

  • Michael Koziol and Shane Wright

Original URL: https://www.theage.com.au/topic/trade-wars-1lyy