trade war

In a stunning reversal that has sent shockwaves through global financial markets, US President Donald Trump announced a pause to the sweeping global tariffs he imposed just a week ago — except for China, where tariffs have been raised even higher. This latest development comes amid conflicting messages from the White House and senior officials, leaving world leaders and investors scrambling to make sense of what happens next.

Explore the recent plunge of the Australian Dollar amidst escalating trade tensions and its impact on the ASX and investor behavior. This blog delves into how tariffs imposed by the U.S. affect Australia's economy, currency markets, and sectors reliant on exports. It also examines the unusual trend of investors cashing out from gold and cryptocurrencies, shifting towards immediate liquidity. As global trade relations evolve, understanding these dynamics will be crucial for navigating the challenges and identifying potential opportunities in the Australian market.