Donald Trump concedes there may be ‘some pain’ from his sweeping tariffs on Mexico and Canada, but they’ll eventually lead to a new ‘golden age.’ Nice of him to promise a glorious future because the pain is already unfolding.
Aussie shares retreat heavily under spectre of White House tariffs. AUD hits five-year low. Tariffs biggest trade shock since 1930s: RBC. Cettire “assessing” US tariff changes. Anna Bligh to vacate ABA’s top job.
While Donald Trump’s claims of Chinese soldiers controlling the Panama Canal are false, China’s increased control of port infrastructure globally should generate concern for a maritime trading nation such as Australia.
Donald Trump has ignited a fresh trade war by pushing ahead with tariffs on Mexico, Canada and China, sparking warnings that US workers will become collateral damage.
The Australian share market is expected to fall from near-record highs following President Donald Trump’s shock move to immediately forge ahead with tariffs.
Blackstone says its multibillion-dollar bet on data centres – including its $24bn investment in AirTrunk – still stacks up despite China’s low-cost model DeepSeek rattling global markets.
Canadian Prime Minister Justin Trudeau has responded with punitive measures against $170 billion in US exports in response to Donald Trump dropping 25 per cent tariffs against Canada, China and Mexico.
Gavin Bade, Natalie Andrews, Vipal Monga and Santiago Perez
In this brave new world, whoever controls AI wins. After this week, as Cold War 2.0 took a nasty turn against the West, it appears China is frighteningly close to doing just that.
The world is holding its breath to see how far the US President will go in his mission to level a playing field that has been skewed by a deeply mercantilist China
Australia’s sharemarket has broken records this week all while its US counterpart takes a deep breath to recover from the shock of China’s AI capability.
Improved ties between Australia and China and the reopening of borders for tourism and business travel are driving an upbeat mood for 2025, the year of the snake.
The top investors will tell you that monopolies are the best investments money can buy but as the emergence of China’s DeepSeek shows, assumptions about sectors can be short lived.
ResMed’s competitors might be hamstrung by potential tariffs imposed by the US, boss Mick Farrell says, but adds the company, which delivered a strong quarterly, doesn’t need the help.
China’s most desirable seafood has been hit by an economic trend that could outlive this Year of the Snake: weak consumer confidence in our biggest trading partner. It has ominous implications for Australia’s budget coffers.
DeepSeek may have the same deleterious effect on established American AI companies that cheap drones have brought to sophisticated and expensive weaponry in the Ukraine war.