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Labor offers $1bn in loans to Australian export companies and seeks to loosen US trade ties after Trump tariffs | Australian economy newsthirst.

Labor will provide $1bn in zero interest loans to help export-focused companies tap alternative markets as Australia seeks to loosen trade ties with the US in response to Donald Trump’s new tariffs. The lending facility would complement a separate government initiative to fund representative bodies of affected sectors “to secure and grow new markets”. The…

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Trump tariffs see stocks dive and investors scramble to bonds, gold and yen | Trump tariffs newsthirst.

Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains. The technology sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%. In total, China…

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China urges U.S. to ‘immediately’ cancel reciprocal tariffs, vows counter-measures newsthirst.

BEIJING, CHINA – NOVEMBER 05: A view of China’s Ministry of Commerce (MOFCOM) on November 5, 2024 in Beijing, China.   Visual China Group | Getty Images China’s Ministry of Commerce said Thursday it would take “resolute counter-measures” against the sweeping U.S. tariffs announced by U.S. President Donald Trump and urged Washington to “immediately cancel” its…

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