November 17, 2024

Trade war worries to grip ASX as world leaders mull Trump 2.0

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Any eruption of trade tensions between the US and China could pierce the sharemarket’s enthusiasm for the second Trump administration given the elevated stakes for Australia’s key trading partner and iron ore customer.

The price of the steelmaking commodity quickly came under pressure as investors assessed what president-elect Donald Trump’s policy agenda means for China’s already faltering growth prospects.

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