ASX set for uncertain start after Trump tariffs drama
Sydney Morning Herald
by Stan ChoeFebruary 22, 2026
AI-Generated Deep Dive Summary
The Australian sharemarket is poised for an uncertain start following President Donald Trump’s announcement to reimpose 15% tariffs on all nations after the Supreme Court struck down his sweeping trade measures. While Wall Street remained relatively calm in response to the court’s ruling, Trump’s最新 threats have sent shockwaves through global financial markets, with investors bracing for potential volatility. The Dow Jones and S&P 500 saw modest gains, but the outlook for the ASX remains clouded as futures indicate a cautious opening.
The Supreme Court’s decision to overturn Trump’s tariffs likely came as no surprise to many on Wall Street, with market reactions remaining muted despite the broader implications. The ruling has raised questions about its long-term effects on inflation and U.S. economic growth, particularly amid reports of slowing expansion and rising inflation. Investors are now closely monitoring these developments, with bond yields showing minimal movement as markets digest the news.
The situation highlights the delicate balance for global financial markets, where uncertainties over trade policies and economic data continue to weigh heavily. The ASX’s tentative gains reflect a broader cautious sentiment, while gold prices and European stock indexes also showed mixed reactions to the ruling. The Federal Reserve’s upcoming interest rate decisions are under heightened scrutiny, with traders betting on potential rate cuts despite concerns about inflation.
Akamai Technologies’ sharp drop in shares underscores the risks of market volatility amid shifting investor sentiment. While the company reported strong results, its profit forecast fell short of expectations, adding to the uncertainty surrounding global trade and corporate performance. The situation serves as a reminder of how quickly markets can shift in response to political and economic developments.
Overall, the ASX’s uncertain start reflects broader global uncertainties tied to U.S. trade policy and economic fundamentals. Investors are keeping a close watch on how these factors will shape market dynamics in the coming weeks, with the potential for significant impacts on global trade relations and economic stability.
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Originally published on Sydney Morning Herald on 2/22/2026