Court ruling on Trump’s tariff authority impacts Australian sharemarket

Confusion over President Donald Trump’s recent announcement of a 15 percent tariff on all imports has caused a decline in the Australian share market, with the ASX 200 falling 0.6 percent. Most sectors ended in the red, while gold stocks rose due to increased prices driven by geopolitical uncertainty. The Australian dollar settled at 70.7 US cents, and major banks and technology stocks experienced significant losses amidst concerns about market volatility.

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