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Trump’s “Liberation Day” tariffs could escalate trade tensions

Trump’s reciprocal tariffs set for “Liberation Day” on April 2 could escalate trade war and impact global markets.

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Trump’s reciprocal tariffs set for “Liberation Day” on April 2 could escalate trade war and impact global markets.

As the trade wars initiated by U.S. President Donald Trump escalate, anticipation builds for April 2.

Trump has labelled this date “Liberation Day,” promising to introduce tariffs on imports to reduce reliance on foreign goods. He plans to implement “reciprocal” tariffs aligned with duties other countries impose.

However, specific details on these tariffs remain unclear. White House press secretary Karoline Leavitt stated Trump would disclose his plans on Wednesday, although details are still subject to his final decision.

Trump has taken an aggressive stance on tariffs, creating uncertainty with fluctuating trade actions. He asserts that tariffs protect U.S. industries and generate revenue, but economists warn that such broad tariffs could have adverse effects.

Key information on the upcoming tariffs includes potential product-specific duties or general averages, possibly reflecting foreign nations’ tax rates. White House trade adviser Peter Navarro indicated that these tariffs might raise $600 billion annually.

Starting Wednesday, Trump intends to impose a 25% tariff on imports from countries that purchase oil or gas from Venezuela, along with new tariffs targeting Venezuela itself. Similarly, a 25% tariff on automobile imports will commence soon.

Trump previously enacted a 10% tariff on Chinese imports, later increasing it to 20%. Canada and Mexico are also subject to these tariffs, facing delays on certain goods until early April.

Further tariffs from Trump are anticipated, while many countries have already implemented retaliatory measures. The forthcoming announcement on April 2 may instigate additional restrictions.

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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.


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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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