Australian shares shoot up after Trump walks back tariff threat
The Guardian – World —
The de-escalation fuelled a rally in global sharemarkets as buyers ride the ‘Trump Always Chickens Out’ trade strategy Australian shares shot higher on Thursday to recoup part of their recent losses, after Donald Trump dropped a tariff threat used against European allies amid his pressure campaign to gain control of Greenland.The de-escalation fuelled a rally in global sharemarkets that flowed into Australia, sending the benchmark S&P/ASX 200 briefly above the 8,860 point mark, before a slight easing. Continue reading...