Global financial crisis vibes abound as Trump tariffs risk US ‘fall from greatness’

Around $110 billion of value was wiped from companies listed on the Australian share market today. The 4.2 per cent slump for Australia’s benchmark ASX 200 index built on Friday’s 2.4 per cent slide and Thursday’s comparatively tame 0.9 per cent fall. I’m not sure what it says about Aussie traders that they had the chance to react first to Donald Trump’s tariff announcement and Thursday’s local consensus appeared to be broadly, “meh, not too much to see here”. Or maybe they’re just quietly confident Australia will continue to be the lucky country, which global financial catastrophes recently appear to…