ASX braces for shock as Trump imposes 15pc universal tariffs

If Australian investors were hoping for a quiet Monday morning, Donald Trump has other plans. The local sharemarket is bracing for a wobbly start as the White House doubled down on its trade agenda, raising universal tariffs to 15 per cent in a defiant response to the US Supreme Court.

It leaves the market in a familiar, uncomfortable position: waiting to see where the next blow lands in an increasingly unpredictable global trade war.

Australian stocks and dollar are poised to fall on Monday after the White House’s new tariffs. AP

Source: https://www.afr.com/markets/equity-markets/asx-braces-for-shock-as-trump-imposes-15pc-universal-tariffs-20260220-p5o45a