US tariffs cause 20% drop in Australian companies' shares, especially those exporting to the US.

US tariffs imposed by President Trump have caused a 20% drop in the share price of Australian companies, especially those exporting beef and luxury goods to the US. Despite this, the Australian government has chosen not to retaliate with tariffs, aiming to maintain good trade relations. The Reserve Bank of Australia warns of risks to financial stability but notes that the country's financial institutions are well-prepared. Investors are advised to monitor their portfolios closely and consider diversified strategies.

3 days ago
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