Donald Trump’s sweeping round of tariffs has sent the Australian stock market tumbling, upended economic models and prompted forecasters to dramatically overhaul their interest rate predictions, amid fears Australian households will be caught in the global fallout.
The ASX followed Wall Street lower on Friday, with the benchmark S&P/ASX 200 falling on back-to-back trading days to shed almost 3% of its value since the “liberation day” tariffs were unveiled.
