Australia Stocks Slide Sharply On Trump Tariffs

SYDNEY, AUSTRALIA - APRIL 8: Stock information is displayed on an electronic board inside the Australian Securities Exchange, operated by ASX Ltd. on April 8, 2025 in Sydney, Australia. Australia is facing a baseline 10% tariff on all exports to the U.S., imposed under President Trump's "Liberation Day" trade measures, which have sparked widespread criticism from Australian leaders and industries. The tariffs, coupled with existing 25% levies on steel and aluminum, have fueled concerns about economic growth, with the S&P/ASX 200 plunging 4.4% today—its worst performance since March 2020—amid fears of a global recession and trade disruptions. (Footage by Lisa Maree Williams/Getty Images)