From www.aicd.com.au: The Trump administration announced a near-universal tariff of 10% on imports, with additional reciprocal tariffs up to 50% on countries with significant trade surpluses with the U.S., marking a significant escalation in protectionist policies.

The Reserve Bank of Australia maintained the cash rate target at 4.1%, citing uncertainties from global economic conditions, especially due to the U.S. tariff measures and their potential negative impact on growth and inflation.

Economic data from Australia showed a decline in job vacancies and mixed housing market trends, amidst increasing consumer confidence but ongoing concerns about inflation and retail trade dynamics.