Trump’s ‘sledgehammer’ approach may cause trade wars – financial analystThe US president is applying primitive tactics in both the economic and political issues he’s dealing with, Henry Johnston tells RT
Australia has traditionally had a gaping trade deficit with the United States. The following table from Australia’s Department of Foreign Affairs and Trade (DFAT) shows that the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. On Wednesday, the Trump Administration levied reciprocal tariffs against all nations. The Trump
US Treasury Secretary Scott Bessent has urged Washington’s trading partners not to retaliate against President Donald Trump’s latest set of tariffs.
Trump on Wednesday announced reciprocal tariffs on exports from countries around the world, part of what he has branded his ‘Liberation Day’ plan, raising fears of a global trade war.
The YIMBY movement claims that the leading solution to Australia’s housing affordability crisis is to rezone our suburbs for high-rise apartment developments. Their argument consistently overlooks evidence suggesting that blanketing cities with high-rise apartment buildings often does not result in more affordable housing. The classic counterargument is illustrated by Vancouver, Canada, which underwent a complete
As Trump makes one of the most retarded economic decisions of all times with his blanket tariffs (even on uninhabited islands, but not Russia curiously), in effect self-sanctioning the USA from global trade, risk markets have done their fair share of pearl clutching and crystal ball gazing to wonder if stagflation, recession or something else
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The initiation of mass firings of over 20,000 scientists and public health workers at the Department of Health and Human Services (HHS) marks a historic turning point in the collapse of American democracy and the Trump administration’s efforts to establish a fascist dictatorship in the United States.
The annual minimum wage circus has begun, with the Australian Industry Group (AIG) urging the Fair Work Commission (FWC) to adopt a “moderate increase” in minimum wages of not more than 2.6%: “In recent years, high inflation resulted in very large increases to minimum wages. But in 2025 the balance of economic factors has squarely
Australia’s tea lady in Washington, Kevin Rudd, has failed again. SMH. Prime Minister Anthony Albanese has made an eleventh-hour bid to avoid the worst of US President Donald Trump’s trade strikes by enlisting the advice of one of the most influential Australians in Trump’s orbit, golf star Greg Norman. Albanese dined with Norman in Melbourne
Victorian taxpayers seem to be unable to catch a break. The state is grappling with the nation’s highest per capita debt loads. Victoria’s net debt is forecast to soar over the budget forward estimates. As a result, interest payments have soared, draining billions from the state budget. Central to Victoria’s financial demise is poor management
The ferrous jaws remain. BHP has delivered iron ore its last rites. BHP (ASX:BHP) Group (NYSE:BHP), the world’s largest publicly traded mining company, is reportedly contemplating the separation of its Australian iron ore and coal divisions. This potential move is part of a mid-term growth strategy, as per Reuters. BHP Group’s potential spinoff of these
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at what we know about Trump’s new tariffs, what they mean for the stock market and our thoughts on the market effect. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer
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Jennifer Hewitt writes a reasonable piece on the gas crisis, but her conclusion is rubbish. AFR. …blaming the LNG export industry for high power prices is an easy political target despite the extraordinary complexity and commercial self-interest in the gas market. At various times since, both Coalition and Labor governments have attempted to make up
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“We’re not, but we should be.”
That was French economy minister Éric Lombard’s response to a question on March 1 asking if France is now in a war economy.