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Trade wars

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Donald Trump made a lot of tariff threats and trade promises in 2025, but not all have come to pass.

Trump made a barrage of tariff threats in 2025. Some never materialised

Here’s what Trump said when announcing some of his biggest tariff threats and promises last year, and where things stand today.

  • Wyatte Grantham-Philips

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The new Chinese import quotas are set to deal a blow to Australian beef exporters.

Australia demands China respect trade deal after shock beef tariffs

Australia’s trade and agriculture ministers have condemned China’s decision to impose new tariffs that could cost the beef industry $1 billion a year.

  • Mike Foley and Elias Visontay
The biggest and broadest of Trump tariffs were announced on “Liberation Day” in April.

‘You had to be brave’: Wall Street remembers a wild 2025

It was a crash course in handling volatility: Here is how investors and strategists navigated the most pivotal market moments of the year.

  • Matthew Griffin
The US economy stands at the bleeding edge of what might be as consequential an economic revolution as the transition from farming to manufacturing, or from manufacturing to services.

After every economic norm is blithely tossed aside, what’s the future?

Everybody who claims to know where the AI revolution will lead is either lying or deluded. Investors are flying blind.

  • Clive Crook
Workers load barrels of bourbon on to a truck at the Jim Beam Distillery in Clermont, Kentucky.

One-year pause: Jim Beam halts whiskey production as sales plummet

America’s largest maker of bourbon has announced a stunning cut in production at its biggest distillery.

  • Clay Risen
China’s real estate crash has showed up everywhere except the real estate data.

China’s property cancer is spreading through its economy

Four years after its biggest and most indebted property developer collapsed, China’s domestic economy is still struggling with the fallout.

  • Stephen Bartholomeusz
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RBA governor Michele Bullock on Tuesday.

Five years of slow decay: Bullock’s grim warning for future

Two years into her job as Reserve Bank governor, Michele Bullock is worried that the next five years will be a slow-moving disaster for the world.

  • Shane Wright
Powell

‘It’s really tariffs’: Cutting through the fog, Fed lowers rates again

The US central bank cut interest rates for the third time, but with the spectre of a new Trump-appointed chair looming, dissent among its members is intensifying.

  • Stephen Bartholomeusz
It was Trump’s tariffs on everyone, but most notably China, that largely shut US farmers out of key markets.

Tariff rescue: Trump gives Band-Aids to the farmers he hurt

Trump’s $18 billion Band-Aid for embattled US farmers won’t make China buy more soybeans or fix the rising costs of equipment.

  • Stephen Bartholomeusz
In Donald Trump’s absence from APEC, China’s Xi Jinping was top dog

‘They’re killing their own customers’: Beijing, we have a $1.5 trillion problem

China has posted a record trade surplus of more than $US1 trillion, and that is before the year is even finished. Its trading partners are threatening to revolt.

  • Stephen Bartholomeusz

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