Global economy ‘faces enormous risk in weeks and months ahead’ and Wednesday’s bounce may be a ‘cruel bear market’ rally, economist saysElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastDonald Trump’s decision to pause steep tariffs against most nations has ignited a share market rally that erased some of the heavy losses suffered over the past week, even as Australia eyes an escalating trade war between the world’s two biggest economies.Wall Street soared overnight after Trump unveiled a 90-day pause on tariffs above 10% on dozens of countries, with the notable exception of China.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
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