Key events
Welcome
Good morning and welcome to our live news blog. I’m Martin Farrer with the best overnight stories and then Krishani Dhanji will be your guide.
Stock markets in Europe and the US have seen heavy losses after yesterday’s announcement by Donald Trump of tariffs on US trading partners. Anthony Albanese’s government is still considering its response but has unveiled $1bn in loans to help Australian exporters after the tariff hit. We have more coming up.
The US president’s economic warfare has made him politically toxic with Australian voters. Although the situation is fraught with difficulties for Albanese – will it crash our economy? – there could be political benefits because Peter Dutton has in the past tried to align himself with Trumpist themes such as being “strong” on defence and immigration. Our political writers have their analysis, and in the blog in a minute we’ll look at a new poll showing that Dutton is losing popularity with voters.