economy
US begins probes into pharmaceuticals, chip imports
16 April
The Trump administration is kicking off investigations into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on national security grounds. Notices posted to the Federal Register to be published on...[Read More]
Tariff turmoil triggers Reserve Bank inflation fears
16 April
The threat of Donald Trump’s tariffs loomed large over the Reserve Bank as it made the call to keep interest rates on hold, warning that US measures could lead to higher inflation. Minutes from the central bank’s April 1 meeting, released on...[Read More]
Reserve Bank call for calm is welcome amid tariff drama
16 April
The treasurer backs Reserve Bank assurances the domestic economy is well-placed to deal with shockwaves from Donald Trump’s tariffs. The central bank’s governor Michele Bullock tried to allay concerns in a speech on Thursday night after a week...[Read More]
Trump orders tariff probe on critical mineral imports
16 April
President Donald Trump has ordered a probe into potential new tariffs on all US critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to directly rebuke industry leader China. The order lays bare what...[Read More]
Tariffs could ‘disrupt global economic order’
16 April
Japanese Prime Minister Shigeru Ishiba says US tariffs have the potential to disrupt the global economic order, issuing his strongest warning to date about the damage President Donald Trump’s decisions could inflict on the world economy. But he...[Read More]
Working women key to future economic growth: bank boss
16 April
Women’s participation in the Australian economy has been remarkably transformed in the past 40 years but more progress is needed, the head of the central bank says. Michele Bullock made history in 2023 when she became the first woman appointed...[Read More]
Tariff storm blows economy and election off course
9 April
WHAT IS HAPPENING WITH WORLD TRADE? * President Donald Trump announced a slew of tariffs on US trading partners, ostensibly to correct a decades-long trade deficit after complaining America had been taken advantage of * Global markets went into...[Read More]
Calls mount for RBA to intervene with jumbo rate cut
9 April
Odds are shortening for the Reserve Bank to cut rates by 50 basis points at its next meeting as global financial turmoil weighs heavily on Australians. Though most economists do not view an Australian recession as a realistic chance, the prospect of...[Read More]
Trump’s tariffs kick in, deepening global trade war
9 April
US President Donald Trump’s “reciprocal” tariffs on dozens of countries have taken effect, including massive 104 per cent duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations. Trump’s...[Read More]
Trade opportunities beckon amid global tariff meltdown
9 April
Australia can capitalise on “enormous opportunities” in the wake of Donald Trump’s tariffs, Prime Minister Anthony Albanese says as the US president escalates his trade feud with China. The government hopes to reassure investors and the...[Read More]
Tariffs on Australia due to ban on beef, pork: US envoy
9 April
US Trade Representative Jamieson Greer has defended a decision by President Donald Trump’s administration to apply a 10 per cent tariff on Australia despite a free trade agreement, citing the country’s ban on imports of US beef and pork. “We...[Read More]
Two data prints and a Trump wildcard to decide rate cut
2 April
Donald Trump’s so-called ‘liberation day’ looms over the economic calendar but another date could have even greater implications for interest rates in Australia. By April 30 Australians could know whether the Reserve Bank is set to cut rates...[Read More]