Australian Shares on the Fall After Trump's Tariff Announcement

Thu 03 Apr 25, 01:56 AM | Team Kalkine

Image source: Shutterstock

Highlights

Australian market drops 2% as global trade war fears escalate

Trump announces 10% tariffs on all imports, heightening global trade tensions

Bank, miner, and energy stocks hit hard by tariff-induced anxiety

Australian shares plunged by 2% on Thursday, driven by investor fears following U.S. President Donald Trump's announcement of sweeping tariffs on all imports. The S&P/ASX 200 index (.AXJO) dropped as much as 2.1%, reaching 7,768 points, marking its largest intraday loss since December 19, 2024.

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