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Trump imposes 25% tariffs on Australian steel, aluminium

Trump imposes 25% tariffs on Australian steel and aluminium, causing a significant slump in the Aussie sharemarket.

Published

11 months ago

on

Trump imposes 25% tariffs on Australian steel and aluminium, causing a significant slump in the Aussie sharemarket.

In Short

US President Trump has imposed a 25% tariff on Australian steel and aluminium, causing an immediate $15 billion loss in the Australian sharemarket. Political leaders are urging the government to negotiate with the US to minimise the economic impact and inflationary effects of these tariffs.

US President Donald Trump has announced a 25 per cent tariff on Australian steel and aluminium exports.

This decision has caused a significant downturn in the Australian sharemarket, with an estimated loss of $15 billion in the first hour of trading following the announcement.

The tariffs will affect major Australian companies, including Rio Tinto, as the US imported approximately $638 million worth of Australian steel in 2024.

President Trump stated that the tariffs would apply to all countries, making no exceptions, thus escalating tensions in international trade.

A tariff results in increased costs for US buyers, likely reducing demand for Australian exports and disrupting global supply chains.

Economists caution that this move reflects Trump’s “America First” trade doctrine, potentially impacting the broader economy.

In addition, Australian businesses, such as Crusader Caravans, may reconsider their market strategies if tariffs are imposed, as it raises costs and complicates supply chains.

Time to negotiate

Political leaders, including Nationals Leader David Littleproud, have urged the Labor government to negotiate with the US to mitigate the impact of the tariffs, advocating for a rules-based trade order.

Prime Minister Anthony Albanese intends to contact US President Donald Trump directly following Trump’s announcement of a plan to impose a 25 percent tariff on all steel and aluminium imports. This move has raised concerns in Australia regarding the potential impact on jobs and exports.

Australian political leaders are optimistic that the country’s defence alliance with the United States will facilitate a favourable outcome. Consequently, the Coalition has proposed that the government consider replacing Kevin Rudd as ambassador in Washington if necessary to secure a favourable trade agreement.

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Trump declares US ready to support Iranian protesters

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

Published

18 hours ago

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January 11, 2026

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Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

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In Short:
– Trump supports Iranian protesters and promotes their quest for freedom amid government crackdowns.
– Iran reports arrests and increased military threats against protesters, with international demonstrations in solidarity emerging.
Donald Trump has warned Iran’s clerical regime that the US is “ready to help” anti-government protesters facing a crackdown. He stated on his social media platform, Truth, that the nation is witnessing a push for freedom like never before.On Saturday, Iran’s government reported the arrest of 100 “armed rioters” amid ongoing demonstrations. Rights groups claim at least 116 protesters have been killed, with unrest erupting over Iran’s currency collapse and demands for the overthrow of Supreme Leader Ayatollah Khamenei.

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The Iranian military has intensified threats against protesters, warning that anyone participating could be deemed “enemies of God”, carrying a potential death sentence. There have been claims of “terrorist agents” linked to the US and Israel stirring unrest.

Protester Responses

International protests have also emerged in solidarity with Iranian demonstrators.

In London, an individual was seen tearing down the Iranian flag from the embassy, drawing attention to the global dissent. Iranian state media has accused “rioters” of violence and targeting military bases, amidst a climate of increased government scrutiny and restrictions.

With the internet down in Iran, accurate assessment of the situation remains challenging. Reports indicate scattered protests continue, but fear of government retaliation complicates participation.

The Iranian government’s response highlights the volatility of the political situation, and the growing international pressure on Tehran.


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Minneapolis protests erupt after fatal ICE shooting

Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.

Published

3 days ago

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January 9, 2026

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Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.


Tensions in Minneapolis have escalated following the fatal shooting of a mother by a U.S. Immigration agent. The incident has sparked outrage across the city, with residents taking to the streets to demand justice. Authorities are struggling to contain the unrest as public anger continues to mount.

State and federal officials are now at odds over the investigation. The Minnesota Bureau of Criminal Apprehension has stepped back after the FBI assumed control, while the state attorney general has warned that state-level charges could still be pursued independently. The political divide adds another layer of complexity to an already volatile situation.

In response to the protests, schools in Minneapolis have closed and the National Guard has been activated to maintain order. Citizens are being urged to stay safe as tensions remain high and the city braces for further demonstrations.

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#MinneapolisProtests #ICEShooting #USNews #FBIInvestigation #NationalGuard #StateVsFederal #JusticeForAll #TickerNews


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Iran protests escalate as economy crumbles

Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.

Published

3 days ago

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January 9, 2026

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Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.


Protests are spreading across Iran after the country’s currency suffered a dramatic collapse, pushing inflation to more than 42 percent in December. Rising prices are squeezing household budgets, with basic goods becoming increasingly unaffordable for millions of Iranians.

What began as frustration over the cost of living has quickly grown into widespread public anger, as families struggle to keep up with soaring expenses amid a weakening rial and economic uncertainty.

These economic pressures have become the catalyst for demonstrations across major cities, marking one of the most serious waves of unrest linked directly to inflation in recent years.

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#Iran #Inflation #GlobalEconomy #MiddleEast #Protests #CurrencyCrisis #WorldNews #Ticker


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