Money

Trump’s proposed tariffs could impact Australia’s economy

Trump plans 60% tariffs on Chinese imports; risks for Australia’s economy and currency noted amid trade tensions.

Published

1 year ago

November 18, 2024

ticker NEWS

Trump’s administration may impose 60% tariffs on Chinese imports and up to 20% on imports from other economies, including Australia.

Micaela Fuchila, chief economist at Jarden, warned that this could trigger a new trade war, posing a risk to Australia’s economy. Declines in Chinese manufacturing could reduce demand for Australian exports.

The Trump administration has appointed long-time critics of China to key positions, raising concerns about trade relations.

If tariffs are enacted, Fuchila noted that trade frictions could weaken the Australian dollar, similar to effects seen during Trump’s first term. Recently, the currency fell below US65¢, reaching a six-month low against the US dollar.

While US tariffs on Australian goods are expected to have minimal impact on the $115 billion trade relationship, they could lower Australian GDP by 0.1 percentage points over a year.

The crucial factor remains the US-China relationship. Iron ore prices dropped by around 1% to $US97.30 per tonne, marking the lowest level in six weeks, despite gains in U.S. industrial and technology sectors.

S&P/ASX 200 Index futures are trading 26 points, or 0.3%, lower at 8296 points ahead of Monday’s market reopening.

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

8 hours 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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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

1 day 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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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

2 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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