Over in Australia, the ASX has seen a slight rebound following a drop from earlier in the week.

The S&P/ASX 200 Index lifted 2.1 per cent, or by 151.5 points, to 7494.8 after recouping some of Monday’s 4.2 per cent loss as part of the fallout from Trump's newest tariffs.

Australian correspondent Murray Olds says the tariffs have also damped business confidence across Australia, according to new reports.

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