global markets

Here’s a clear and concise breakdown of key concepts and common questions Australians are asking about markets, shares, the falling Australian dollar, and what all this has to do with recessions and global economic turmoil — especially in the wake of President Donald Trump’s controversial “Liberation Day” tariffs.

Global financial markets reeled on Friday as escalating trade tensions between the United States and China sent stock indexes plummeting and investors scrambling for safe havens.

A Republican congressman with deep roots in America’s cattle industry is stirring up trade tensions ahead of President Trump’s next round of import tariffs. Marlin Stutzman, a fourth-generation farmer from Indiana, has introduced a bill proposing a 70% tariff on Australian Wagyu beef imports—a move aimed at pressuring Australia over its longstanding ban on American beef and perceived unfair trade practices.

The escalating trade dispute between the US and Colombia has significant implications for both nations and beyond. As President Trump imposes tariffs and sanctions in response to Colombia's progressive stance on immigration and closer ties with China, the economic landscape is shifting. This article explores the immediate and long-term effects on trade relations and the potential repercussions for Australia, highlighting the need for strategic adaptations amidst evolving geopolitical dynamics.