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Wall Street Climbs as US Threatens New Global Tariff

Wall Street closed higher after the US threatened a new higher global tariff, while Australian markets brace for potential fallout.

Wall Street ended the day on a positive note after the United States announced a threat to impose a higher global tariff, lifting investor sentiment across major indices. In contrast, Australian shares are braced for turbulence as traders anticipate the impact of the tariff decision on domestic trade and export markets.