Mining and energy companies among biggest casualties as Donald Trump’s latest round of tariffs come into effect
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Australian shares closed sharply lower on Wednesday, as the world’s two largest economies entered into an escalating trade war, evaporating any hopes that a last-minute compromise might take place.
Donald Trump’s super-sized tariffs against dozens of countries, including 104% duties on Chinese goods, came into effect part way through the Australian trading session, souring the mood for investors.
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