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Latest news: Economy, Business and Finance

Trump threatens more China tariffs as markets plunge

Trump threatens more China tariffs as markets plunge

Financial markets across the globe have posted a third day of losses as investors worried that steep US trade barriers could lead to a recession.

Asia stocks plunge, HK suffers steepest fall since 1997

Asia stocks plunge, HK suffers steepest fall since 1997

Asia stocks plunge, HK suffers steepest fall since 1997

Asia stocks plunge, HK suffers steepest fall since 1997

Asian and European shares have plunged as US tariffs and China's backlash send world markets into meltdowns.

'Economic bullying': China hits out at US protectionism

'Economic bullying': China hits out at US protectionism

'Economic bullying': China hits out at US protectionism

'Economic bullying': China hits out at US protectionism

China's foreign affairs spokesman says the US tariffs are "a typical act of unilateralism, protectionism and economic bullying".

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US tariff 'medicine' causes turmoil in global markets

US tariff 'medicine' causes turmoil in global markets

As global financial markets plunge, sparking fears of a global trade war and recession, Donald Trump has doubled down on administering US tariff "medicine".

RBA governor expected to address tariff impacts

RBA governor expected to address tariff impacts

As the dust settles on Donald Trump's 'liberation day' tariff dump, a speech by Reserve Bank governor Michele Bullock will be closely scrutinised.

US tariffs start as Trump hails 'economic revolution'

US tariffs start as Trump hails 'economic revolution'

A baseline 10 per cent levy announced by US President Donald Trump has begun being collected at ports of entry across the United States.

Port becomes political football but is 'not for sale'

Port becomes political football but is 'not for sale'

A major port leased to a Chinese company is in the sights of a takeover as the coalition and Labor flag plans for it to be brought back into Australian hands.

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US stocks savaged as China hits back in trade war

US stocks savaged as China hits back in trade war

US stocks savaged as China hits back in trade war

US stocks savaged as China hits back in trade war

Markets have tumbled in Wall Street’s worst crisis since the COVID-19 pandemic as investors fled after China retaliated against US tariffs.

China hit brakes on TikTok deal after Trump's tariffs

China hit brakes on TikTok deal after Trump's tariffs

China hit brakes on TikTok deal after Trump's tariffs

China hit brakes on TikTok deal after Trump's tariffs

US President Donald Trump says he is signing an executive order to keep TikTok running in the United States for another 75 days.

Tariff risks US market crash for humble Aussie wines

Tariff risks US market crash for humble Aussie wines

Tariff risks US market crash for humble Aussie wines

Tariff risks US market crash for humble Aussie wines

Wine industry figures say the new US tariffs will increase costs throughout the supply chain and risk bulk American wine replacing affordable Australian drops.

China retaliates in global trade war with tariffs on US

China retaliates in global trade war with tariffs on US

China retaliates in global trade war with tariffs on US

China retaliates in global trade war with tariffs on US

Beijing is slapping levies on all US products in retaliation to President Donald Trump as his tariffs rock world markets and fuel fears of a global downturn.

US trade war may force all-out assault with rate cuts

US trade war may force all-out assault with rate cuts

US trade war may force all-out assault with rate cuts

US trade war may force all-out assault with rate cuts

An escalating trade war has slashed the odds of interest rate cuts for Australian mortgage-holders, including a potential mega cut weeks after the election.

Work on TikTok deal in a good place: US vice president

Work on TikTok deal in a good place: US vice president

Work on TikTok deal in a good place: US vice president

Work on TikTok deal in a good place: US vice president

US Vice President JD Vance says a deal for non-Chinese ownership of TikTok will emerge before a weekend deadline.

Trump's sweeping tariffs stoke a global trade war

Trump's sweeping tariffs stoke a global trade war

Trump's sweeping tariffs stoke a global trade war

Trump's sweeping tariffs stoke a global trade war

US President Donald Trump's across-the-board tariffs have provoked threats of retaliation and sparked fears about their impact on the global economy.

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Australia records rare US trade surplus on tariff day

The treasurer has ordered new modelling into the impact of Donald Trump's tariffs, as Australia boasts a temporary trade surplus with the United States.

Residents pay price for cheap, climate-exposed homes

Homes are cheapest to build in the least climate-resilient zones and potentially expose residents to higher air-conditioning and transport costs.

Amazon, OnlyFans founder make bids for TikTok: reports

Amazon has reportedly put in a late bid to purchase short video app TikTok from Chinese owner ByteDance while Zoop says it is also in the running.

Star's chips down as $940m debt deal comes off table

Embattled casino giant Star Entertainment is back on the brink of collapse after a refinancing deal fell through, but talks with a US casino giant continue.

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Two data prints and a Trump wildcard to decide rate cut

Mortgage holders could know by April 30 whether to expect more interest rate relief, as the Reserve Bank casts its eyes on a crucial inflation reading.

'Cautious' RBA on hold as election, tariffs threaten

The Reserve Bank of Australia has kept the cash rate unchanged at 4.1 per cent, as global uncertainty clouds the economic outlook.

'Own goal': gas producers lash export control policies

Deliberately oversupplying east coast gas markets under the coalition's gas reservation plan has been met with scepticism by gas producers.

Managing Trump, tariffs looms large in bid for votes

Australia's political leaders say biosecurity and medicines are not up for debate in response to tariffs set to be announced by US President Donald Trump

Treasurer joins chorus in hosing down rate cut hopes

"Almost nobody" is expecting an interest cut, the treasurer says as the Reserve Bank's new rate-setting board meets with an election campaign in full swing.

Greenland's new PM says the US will not get the island

Greenland's new leader has declared the United States will not get the Arctic island, as Donald Trump ramps up threats to take control of the territory.

'Liberation Day' overshadows Reserve Bank's rate call

The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia's economic growth.

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