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Good morning,

Australia’s biggest companies are bracing themselves for the fallout from Donald Trump’s shock new tariffs on steel and aluminium, warning it could make American-made goods more expensive and delay the global economic turnaround. 

Meanwhile, Ansell has flagged price increases to offset tariff hikes, with the global protective products giant also revealing in its half year results rising geopolitical tensions had forced it to fly new categories of products by air to get around prolonged Red Sea shipping disruptions.

And allowing Australians to buy houses using their super would drive up prices, lead to lower rates of home ownership and hit retirement savings the Super Members Council warns in a new report based on analysis of the New Zealand experience.

Perry Williams
Business editor
The markets


Making news this morning
1
Don’t fear Olympic cost, London’s Lord Mayor tells Brisbane
London’s Lord Mayor says good planning can create long-term outcomes for Brisbane which would not have been possible without the upcoming Games.
2
National fund ramps up $550m investment spree
The National Reconstruction Fund has invested $400m in seven projects over recent months, including Harrison.ai and has another $150m ready to place before the end of June.
3
‘No free kick’: JB Hi-Fi boss not relying on a rate cut
Terry Smart says an interest rate cut as early as next week ’can only be good’ for shoppers, retailers and the economy, but JB Hi-Fi remains focused on value for customers.
Editor's picks
MARGIN CALL
Gupta’s house of home loan horrors
Whatever interest rate you’re paying on your home loan, pie-in-face expert
By YONI BASHAN, NICK EVANS
EXCLUSIVE
Canva moves to undercut rival
After making some staff millionaires, Canva is now planning to undercut a Silicon Valley titan to woo more corporate customers ahead of a much-hyped public listing.
By JARED LYNCH
SALARIES
The 10 highest tech salaries in Australia
Recruiters say it has been the worst year ever for vacancies in the tech sector ever, but the big pay packets could make a comeback this year. These are the top 10 roles still paying over $200,000.
By JOSEPH LAM
Commentary
Markets brush off fresh tariff risks
By DAVID ROGERS
Markets Editor
Uncertainty about US trade policy came back to the fore as Trump flagged 25 per cent tariffs on steel and aluminium but the initial reaction from markets was surprisingly muted.
DataRoom
Ingenia and Lifestyle tipped for merger
Reporting dates for Ingenia and Lifestyle Communities are creating suspicions the retirement home operators could be working out a deal.
Qube riding high but Patrick Terminals purchase unlikely
Despite its share price trading at all-time highs, Qube is unlikely to buy an increased share in the Patrick stevedoring business.
Incitec Pivot rivals disadvantaged as fertiliser sale proceeds
Rural services companies with an interest in Incitec Pivot’s fertiliser business are expected to be somewhat sidelined in the sales process.

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