Australian shares are set to open down as a raft of tariff statements and letters from US President Donald Trump extend his chaotic trade policy shift.
Trump granted a 90-day reprieve to Mexico, America’s largest trading partner, while threatening its second-largest trading partner, Canada, because Ottawa outlined a plan to recognise Palestinian statehood.
Source: https://www.afr.com/markets/equity-markets/asx-to-fall-wall-st-slips-despite-meta-surge-20250801-p5mjgn