Australia seeks tariff exemption through investment summit

Australia seeks tariff exemption from Trump at $4.4 trillion Superannuation Investment Summit in the US.

Published

11 months ago

February 28, 2025

ticker NEWS

Australia seeks tariff exemption from Trump at $4.4 trillion Superannuation Investment Summit in the US.

In Short

Australian representatives are in the US to persuade President Trump against imposing tariffs on steel and aluminium, while promoting Australia as a prime investment opportunity. The delegation, led by Treasurer Jim Chalmers, aims to strengthen economic ties amidst concerns regarding the impact of Australian aluminium exports.

Australian government and super industry representatives are in the US for a summit aiming to persuade President Donald Trump not to impose 25 per cent tariffs on steel and aluminium exports.

The Australian delegation, led by Treasurer Jim Chalmers and Ambassador Kevin Rudd, aims to present Australia as an attractive investment option.

Australia’s superannuation funds collectively hold $4.4 trillion, prompting the delegation to consider increasing investments in the US market amidst Trump’s push for foreign investment.

US Treasury Secretary Scott Bessent commented positively about talks with Rudd but clarified that the final decision on tariffs lies with Trump.

Chalmers described the initial discussions as constructive but warned that no outcome is guaranteed.

The summit features major super funds, including Australian Super and Hesta, showcasing potential Australian investments to US interests.

Approximately 50 per cent of Australian super funds are invested overseas, with about $220 billion targeted for the US, which is seen as a significant opportunity for long-term investment.

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

2 days ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

4 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

5 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews