Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts say

Liberation days signal the end of a war, not the start of one.

So it is with rich irony that the US president, Donald Trump, has declared victory even as he massively escalates his attack on the global trading system.