×
What’s the fallout from Trump’s new batch of tariffs?

What’s the fallout from Trump’s new batch of tariffs?

The US has hit many countries with new levies, causing shock and confusion.

Around the world, countries are scrambling to cope with the latest wave of tariffs imposed by US President Donald Trump.

More than 60 countries are on the list, some with levies as high as 50 percent.

The move has unleashed shock, confusion and financial volatility. The US also stock market took a hit and a jobs report revealed slower than expected economic growth.

Trump didn’t take the news well: He promptly fired the head of the US Labour Statistics agency – accusing her of “manipulating” the data.

But beyond that, how will these tariffs affect the global economy? And will this controversial foreign policy tool backfire on Trump?

Presenter: Adrian Finighan

Guests: 

Harry Broadman – Economist at RAND Corporation and a former US assistant trade representative and chief of staff of the president’s Council of Economic Advisers

Seijiro Takeshita – Professor of management at the University of Shizuoka in Japan

Steve Hanke – Professor at Johns Hopkins University, distinguished senior scholar at the Mises Institute, and a former senior economist on President Ronald Reagan’s Council of Economic Advisers

Source link
#Whats #fallout #Trumps #batch #tariffs

Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

Recommended Stories

list of 4 itemsend of list

The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia">Australia and Japan sign contracts for bn warships dealDefence deal is latest example of deepening ties between Canberra and Tokyo amid shared concerns over China’s rise.Published On 19 Apr 202619 Apr 2026Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.Recommended Stories list of 4 itemsend of listThe “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.“Our surface fleet is more important than at any time in decades,” Marles said in a statement.“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.Australia has committed to a record 5bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia

Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

Recommended Stories

list of 4 itemsend of list

The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia">Australia and Japan sign contracts for $7bn warships deal

Defence deal is latest example of deepening ties between Canberra and Tokyo amid shared concerns over China’s rise.

Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

Recommended Stories

list of 4 itemsend of list

The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia

Post Comment