The Daily Aus Headlines: Trump tariff pause prompts ASX bounce back
Apr 10, 2025
In today’s discussion, the Australian stock market has seen a notable recovery after Trump’s announcement of a tariff pause. Political tension arises as the Coalition might consider withdrawing from the Paris Agreement if victorious in the upcoming election. Meanwhile, New Zealand's Parliament takes a significant step by dismissing controversial legislation affecting its founding document. Adding a bright note, a new edible biofilm is on the horizon, promising to double the shelf life of perishables and reduce food waste.
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Market Rebound
- The Australian stock market rebounded after Trump's tariff pause.
- This caused a surge in US markets, boosting Australian shares significantly.
Paris Agreement Uncertainty
- The Coalition hasn't ruled out leaving the Paris Agreement if elected.
- Ted O'Brien emphasized acting in Australia's national interest.
Treaty Bill Rejection
- New Zealand's parliament rejected a bill modifying the Treaty of Waitangi.
- The bill faced widespread opposition and numerous public submissions.