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Apr 3, 2025 - World

Gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces reciprocal tariffs that would escalate a trade war.

Apr 3, 2025 - World

A tariff offensive, Donald Trump billed as key to America's long-term prosperity went down badly in markets, setting off declines of 2% or more in equity benchmarks that had rallied for three days on hopes the program would be less draconian

Apr 3, 2025 - World

The dollar slid against the yen, while the euro held gains against the greenback on Wednesday as US President Donald Trump announced global reciprocal tariffs that look certain to escalate a trade war with global partners.

Apr 3, 2025 - World

US president has announced aggressive tariffs targeting US allies on what he has dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessThe new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Apr 3, 2025 - World

Follow today’s news liveAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the first episode of our new narrative podcast series: GinaSee all our Australian election 2025 coverageGet our afternoon election email, free app or daily news podcastTrump says tariffs to be placed on pharmaceuticalsTrump says he’ll be putting in place reciprocal tariffs on pharmaceuticals, at half the rate “they have been charging us”.Australia … they’re wonderful people, and wonderful everything, but they ban American beef. Yet we imported $3bn of Australian beef from them just last year alone. They won’t take any of our beef. They don’t want it because they don’t want it to affect their farmers and, you know, I don’t blame them but we’re doing the same thing, right now starting at midnight tonight, I would say. Continue reading...