The Trump administration’s “Liberation Day” retaliatory tariffs have slapped tariffs of 10% to 48% on US trading partners. The tariffs are expected to drive the US’ effective tariff rate to its highest level in more than a century. Global stock markets fell sharply following the announcement of tariffs on Wednesday, US time. The US markets
The Australian dollar is falling out of favour again. Goldman. We are making a major shift in our Dollar view for the year ahead: we now see Dollar weakness of the first quarter persisting and deepening further. The reciprocal tariff announcement itself was close to our economists’ expectations in terms of aggregate tariff rate. If
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Merchant.adventurers.of.london · DeepTGman April5 In this podcast discussion Deep T goes over the impacts and implications of the new tariff regime US President Trump unveiled during the week and how the Australian economy is likely to experience that. The discussion looks at the the near absence of meaningful economic policy discussion during an Australian
On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. The announcement of the tariffs led to heavy falls on global stock markets. US markets suffered heavy losses, with the S&P 500 losing $5 trillion in value in two days. This
The Hungarian prime minister said the EU Commission's call for people to prepare a 72-hour emergency kit was scary. "What's on these people's minds? Are they up to something?" the politician lamented, speaking on public radio.
Hungarian Prime Minister Viktor Orbán was the first national leader to react to the EU Commission's advice for people to prepare a 72-hour survival kit for emergency situations.
Having written two celebrated books on fascism in the 20th century, Jewish-American scholar John Stanley draws direct parallels with the second Donald Trump presidency.
"Fascism is what the Trump administration is now doing," he told DW of the president's second term in office.
As almost everyone who can read knows, the Mango Mussolini has inflicted tariffs on numerous countries around the world. However, several of the tariffs have been aimed at places with no trading relationship with the United States., two of which are Heard Island and the McDonald Islands1.
DXY is suddenly a safe haven once more. To describe the 4.57% destruction of the AUD in one day as a lesson in arrogance doesn’t quite say it. Lead boots may be about to become a screaming meteorite of death. Oil is going to hell. When gold sells like this, you know the margin calls
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Donald Trump is trying to slash his nation’s trade deficit. Australians may recognise this task: we tackled it in the late 1980s, failed, and found that it mattered less than we thought.
Hello, US readers! You’ve just started an interesting economic experiment to see whether government policy can change a trade deficit into a trade surplus.
My bet: you will find, just as Australians did, that the answer is “no”. Most people find it hard to think about trade in a very organised way, and end up doing things that have effects they didn’t expect. Effects like recessions..
Peter Dutton’s election campaign is faltering just as momentum should be building, fuelling growing unease inside the Coalition that his abrasive image and perceived ideological closeness to Donald Trump is pushing away the swing voters he needs to win.
X is not real life, but its tentacles slither into the increasingly online landscape that defines real life. It’s not X’s fault; it has merely become an incubator of a trend launched years ago by the 24-hour news cycle. Really, then, much of our modern malaise is the fault of Ted Turner, a man so wise he saw fit to marry Jane Fonda in 1991, well after she had publicly aired her crazy in myriad ways.
Russia will have little difficulty reaching its target of 1.5 million active military personnel, despite the ongoing conflict in Ukraine, NATO’s Supreme Allied Commander in Europe Christopher Cavoli has predicted.
During a US Senate Armed Services Committee hearing on Thursday, the four-star US Army general evaluated Moscow’s ability to enhance its military capabilities.