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AAP
AAP
Business
Jacob Shteyman

Trump threatens to shoot down signs of economic rebound

Geopolitical tensions are weighing on consumer and business sentiment, stoking rate-hike fears. (Lukas Coch, Ruth Barbato/AAP PHOTOS)

Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums.

Business confidence climbed nine points in June, despite warnings the federal budget would smash small businesses through increased taxes on capital gains and discretionary trusts, NAB's business survey found.

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