US EditionTrump tariff barrage wipes out Aussie shares
- US President Donald Trump's new tariffs caused significant drops in Australian shares on Thursday, leading to a $21 billion loss in market value.
- The ASX200 fell 74.8 points, settling at 7859.7 points, while the All Ordinaries index dropped 80.4 points to 8052.7 points.
- Analysts warn that the tariffs could lead to a global recession, with David Bassanese noting increased odds for a recession in the U.S. And globally.
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Why Europe couldn't escape Trump's tariffs
BRUSSELS — Donald Trump had a simple warning for Europe: Buy more American gas or I'll hit you with tariffs. Great, Europe replied. Let's talk. Then Trump imposed tariffs anyway. In reality, the talks never really got off the ground. According to four EU officials and diplomats familiar with the situation, negotiators were regularly lost and frustrated as they tried to accept the US president's energy offer, often running into a wall of bureaucr…
·Brussels, Belgium
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Total News Sources10
Leaning Left2Leaning Right4Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
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