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Trump's global trade war sparks 'the end of US Primacy' says fmr Australian Treasury Secretary

The Australian Dollar has fallen to 60.46 US cents, its lowest since April 2020, and has dropped to a five-year low, approaching 60 US cents.
China has matched Donald Trump's tariffs by imposing a 34 percent tariff on its products, resulting in an effective total tariff of 54 percent for goods sent to the US.
Since the announcement of Trump's tariffs, global share markets have lost approximately $8.1 trillion, which has negatively affected Australian superannuation balances.
China's Commerce Ministry characterized the US tariffs as 'bullying,' stating that this practice endangers global economic stability and that the country firmly opposes this action.

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ABC Australia

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Trump's global trade war sparks 'the end of US Primacy' says fmr Australian Treasury Secretary

Follow the latest news headlines from Australia's most trusted source. Read in-depth expert analysis and watch live coverage on ABC News.

22 hours ago·Australia

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The West Australian

+2 Reposted by 2 other sources

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Trump tariffs spark five-year AUD low

The Australian Dollar is the weakest it’s been in five years thanks to Donald Trump’s tariffs.

2 days ago·Australia

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SBS News

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The Aussie dollar has dropped to pandemic levels. What's behind the fall?

The Aussie dollar is caught in the crossfire as tit for tat trade standoff escalates between the US and China.

2 days ago·Sydney, Australia

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heatmap.news

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As Trump’s Tariffs Sink In, the Fallout Begins

Current conditions: The U.K. is on high alert for wildfires this weekend due to warm weather and high winds • The Canary Islands are cleaning up damage from Storm Nuria’s hurricane-force winds • Flooding in southeastern Oregon from historic levels of rain and snowmelt forced schools to close and 1,200 people to evacuate.THE TOP FIVE1. Wall Street tumbles as trade war loomsU.S. stocks plummeted Thursday as Wall Street digested President Trump’s n…

3 days ago

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currencynews.co.uk

Pound to Australian Dollar SURGES to Best Buy in 9 Years on Global Trade War Fears

The Australian dollar has crashed in global markets on Friday amid a fresh slide in risk appetite. The currency lost over 4.5% against the dollar during the day...

2 days ago

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wealthmanagement.com

Tariff Fallout: In The Trenches With Advisors and Their Clients

The day after Trump announced a global tariff regime, one advisor fielded calls until his cell phone ran out of juice, another praised the virtue of alternatives and most everyone prepared clients for some volatile days ahead.

2 days ago

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