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Current tariff announcements may hinder economic growth, impacting AU's market. Historical examples show market downturns following tariff escalations, such as in 2018 during U.S.-China trade tensions.
What happened, with direct paths to the underlying reporting
U.S. announced a 10% tariff on all imports starting April 5. Asia's markets, including Australia, suffered losses due to tariff fears. Australia's index dropped 1.9%, largest loss since September. Gold prices reached new highs as investors sought safe havens. Potential for further tariff announcements adds uncertainty to markets.
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