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Oil Prices Fall Into Negative Territory As Trump Announces New Tariffs

Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as US President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.

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Trump Announces 10% Baseline Tariff On All Imports To US

President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners.

‘Same shit, different year’: Australia records hottest 12 months and warmest March on record

ANU climate scientist says ‘everyone is getting fatigued these records keep falling – it’s now incredibly predictable’Election 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAustralia has experienced its hottest 12-month period on record, ending with its hottest March on record, with last month seeing temperatures 2.41C above average, the Bureau of Meteorology has confirmed.The bureau said its data going back to 1910 showed the 12 months ending in March 2025 averaged 1.61C above average – the hottest of any 12-month period, beating the previous 1.51C mark set from January to December 2019.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

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Donald Trump Announces Reciprocal Tariffs On Countries. See Full List

US President Donald Trump on Wednesday acted on his campaign promises to "build that wall" and announced a raft of tariffs targeting countries around the world, including some of America's closest trading partners, in a move that risks sparking a rui

War-torn and struggling countries among those facing steepest Trump reciprocal tariffs

Myanmar, which is reeling from a huge earthquake and civil war, faces 44% rate amid suspicions that the underlying target is ChinaMarkets react to Trump tariff announcement – business liveDeveloping nations in South-east Asia, including war-torn and earthquake-hit Myanmar, and several African nations are among the trading partners facing the highest tariffs set by US President Donald Trump’s sweeping tariffs.Upending decades of US trade policy and threatening to unleash a global trade war, Trump on Wednesday announced a raft of tariffs he said were designed to stop the US economy from being “cheated”. Continue reading...