Australian shares grind back losses from US trade war
The Australian share market has continued its march higher and is within reach of its value before "Liberation Day" US tariff announcements.
The Australian share market has continued its march higher and is within reach of its value before "Liberation Day" US tariff announcements.
Australian shares are on track to finish the shortened week higher, as US tariff headlines settle down and trading volumes ease ahead of the Easter break.
Winston Peters, the wily veteran of New Zealand politics, appears to be dialling up pressure on his boss Chris Luxon ahead of a leadership handover.
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Global trade concerns are a key topic of conversation between Australia and Indonesia as US trade tariffs wreak uncertainty among governments and markets.
China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.
Australian shares have resumed their downward spiral after China hit back against US tariffs, and market researchers suggest further volatility is ahead.
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.
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US President Donald Trump's across-the-board tariffs have provoked threats of retaliation and sparked fears about their impact on the global economy.
Australian shares are heading towards a second straight quarter of losses for the first time since 2022 as incoming tariffs increase the risk of a US recession.
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The government has made another pitch to US officials to gain an exemption from American tariffs on Australian steel and aluminium imports worth $1 billion.
The government assures a key export sector of support as a new tariff threat emerges while fresh funding reinforces metal manufacturing against US levies.
Shoppers have been urged to buy locally made goods with extra funding for Australian-made campaigning as US tariffs hit steel and aluminium exports.
Global growth fears and trade war uncertainty continue to drive markets lower, with the local bourse losing a tenth of its value in less than four weeks.
President Donald Trump has launched a trade war against the US's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China.
US President Donald Trump says the United States will charge all other countries with the same tariffs as they charge on imports of US goods.
The clock is ticking for Australia to secure an exemption to Donald Trump's steel tariffs after he accused leaders of breaking their word on an export deal.
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economy, business and finance
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Australia must prove its relationship with the US is mutually beneficial to earn another exemption from steel and aluminium tariffs, experts say.
diplomacy
international (foreign) trade
international relations
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restraint of trade
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Australia might see some fallout from Donald Trump's tariffs on Mexican and Canadian imports, but local households are expected to be spared too much pain.
diplomacy
international (foreign) trade
international relations
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restraint of trade
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A Trump presidency doesn't have to impact how Australia and China co-operate, Beijing's ambassador says, amid a spate of hawkish cabinet picks.
economy, business and finance
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World leaders are working to shore up economic ties and push for open global trade against the prospect of a disruptive Trump presidency due to flagged tariffs.
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economy, business and finance
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Tensions between Australia and China continue to cool, but President Xi Jinping has cautioned the diplomatic thaw must be managed "with great care".
diplomacy
environmental politics
global warming
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United Nations officials are urging G20 leaders to break the COP29 stalemate as wealthy nations ask more countries to help foot the climate bill.
Anthony Albanese will push for free trade and climate action at an economic forum, as a second Trump administration creates uncertainty for world leaders.
Prime Minister Anthony Albanese is meeting with world leaders for a major economic summit in Peru with maintaining open trade ties a key topic of discussion.
Donald Trump isn't even at the APEC economic summit where his comments on trade tariffs are worrying leaders, but one envoy says speculation isn't helpful.
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international (foreign) trade
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Australia will use a tried tactic to stop the US under a second Trump presidency from imposing tariffs on imports, as it looks to expand its role in disputes.
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Australian firms need to sharpen their focus on critical minerals to power the world's green energy transition, an international relations conference has heard.
Trade Minister Don Farrell is launching the first phase of a winemaking agreement with China as he looks to boost trade by tens of billions of dollars.
A Peru trade delegation led by its prime minister will attend a major mining conference in Australia as Canberra works to diversify its international trade.
economy, business and finance
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A free trade deal between Australia and the United Arab Emirates provides a pathway for significant investment in critical minerals and mining.
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Australia will allow US companies to launch and retrieve rockets under a new agreement and reports indicate SpaceX could be among the first to test it.