On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. This will see the US’ effective tariff rate rise to its highest level in more than a century. The announcement of the tariffs led to heavy falls on global stock markets.
International Reading: Tesla Board Asks Elon Musk to Step Down – Clean technica JD Vance Tells Paycheck-to-Paycheck Americans to Suck Up Tariffs Pain – Daily Beast Republicans are losing faith in Trump rescuing the economy – News Week Layoffs spiked by 205% last month to third-highest ever recorded, fueled by DOGE mass firings – CBS
Lyndon LaRouche (8 September 1922 – 12 February 2019), was an American economist, and political activist who founded various political organizations under the umbrella of what was termed the LaRouche Movement, and the Schiller Institute, founded by his spouse, Helga-Zepp-LaRouche.
Not quite a bath of blood here on Asian markets but there’s been a fair share of volatility as global supply chains are reworked and economists scratch their collective heads wondering where this will all end up. The USD remains under the pump against all the undollars except the Australian while bond markets surge as
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The electric car maker Tesla was created by engineers Martin Eberhard and Marc Tarpenning who reputedly sought to make electric cars that were fast and fun to drive. The company was officially incorporated in 20031.
In January 2008, both Eberhard and Tarpenning were forced out of the company at the behest of investor Elon Musk, who subsequently took over as CEO2. Their departure was supposedly because of their inexperience in running such a company.
Momentum in Australia’s housing market has waned following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut in February. Last weekend’s combined capital city final auction clearance declined to 59.4%, down from 63.2% the prior week and 64.8% over the same week the previous year. The result was also the first time the final
TS Lombard with the note. Trump delivered on campaign promises applying a 54% (34% “reciprocal” and 20% fentanyl) tariff rate to imports from China. The move could impact 1.5-2ppt of China GDP in 2025. How does China respond? Strong fiscal, moderate monetary, passive retaliation–for now. We downgrade our growth forecast by 20bps to 4.5% (always
Last week’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, exceeding the $51 billion allocated to the defence budget. The cost of the NDIS is also projected to reach $63 billion by mid-2029. The growth of the NDIS is the key driver behind
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With a hung parliament looking very likely at the upcoming federal election, there has been quite a lot of looking back at the last hung parliament in 2010.
Amongst other elements, there has been some parallels drawn between the experience of the crossbenchers in 2010 and how the current crossbench could jump if they find themselves in a position to decide who forms government this year.
The ABC has lost the plot entirely. The relationship between Peter Dutton and resources billionaire Gina Rinehart has soured over the Coalition leader’s plan to force energy giants to sell gas into the domestic market at a likely loss. The ABC also understands that Ms Rinehart’s enthusiasm for Mr Dutton has waned in recent weeks
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