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Lunch Wrap: It's global carnage as Trump unleashes tariffs

Summary by Stockhead

ASX drops heavily as Trump slaps tariffs across the world US tariffs hit China hardest, Australia faces 10pc levy Gold hits record highs as markets brace for slowdown It was, as expected, a tough start for Aussie investors today, with the ASX losing around $40 billion in the opening hours of trade following US President Donald Trump’s long-anticipated tariffs announcement. The S&P/ASX 200 has since gained some ground back, down by about 1.18% …

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themarketonline.com.au

ASX Market Open: Oz caught up as Trump tariffs stoke recession panic, lead to $4B Wall Street wipeout | April 4, 2025

Australian shares will plunge on Friday morning when the trading bell rings in Sydney, with ASX 200 futures pointing to a 1.4% nosedive to end Week 14. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The impending red bloodbath comes after – you guessed it – tariffs posturing. Trump unveiled his “Liberation Day” tariffs early yesterday morni…

20 hours ago

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sharecafe.com.au

ASX Suffers $31B Loss on Trump Tariffs

The Australian sharemarket experienced a significant downturn, wiping out $30.9 billion in value by lunchtime following the announcement of new tariffs by US President Donald Trump. The S&P/ASX 200 index dropped 1.3 percent, or 99.8 points, to 7834.7, with technology and property stocks particularly affected, losing over 2 percent. The negative sentiment was further fueled by Trump singling out Australia’s beef industry for punitive measures, he…

2 days ago

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