Oz Mining Takes Big Hit following latest US Tariffs

Published Feb 10, 2025, 2:27 AM

Australia's mining sector is facing a big hit, after Donald Trump announced a 25 percent tariffs on all steel and Aluminium coming into the UNITED STATES...

A new report suggests two thirds of retirees who rent are living in poverty.

AND

A surprise appearance during Kendrick Lamar's Superbowl half time performance! 

Hello, Welcome to the update. I'm to Lisa Writer. Australia's mining sector is facing a big hit. Donald Trump has announced twenty five percent tariffs on all steel and aluminum coming into the United States, including from Australia. National's leader. David little Prout has told Sky the Albaneze government only has itself to blame.

When you make disparaging comments about leaders in other parts of the world, sometimes it comes back to buy you and unfortunately it could be the Australian economy that.

Gets the bite. The announcement has wiped billions from the Ossie share market, with the ASX two hundred tumbling half a percent at the opening. Bell and Your report warns two thirds of retirees who rant are living in poverty. The Granton Institute says the problem is likely to get worse as rates of home ownership continue to slide, particularly among Ossie's approaching retirement. Independent Senator Jackie Lambe says younger Ossie's are also being left behind.

I've got kids out there and doing everything, and even with a quarter per cent interest rates reduction that they're forecasting or hoping for in the next six weeks, they're going to say, I just can't keep this house anymore. It's just really awful out there.

A Supreme Court trial begins in Wa today for the four people accused of murdering Indigenous teenager at Cassius Turvey in twenty twenty two. Cassius died in hospital after he was allegedly beaten with a metal pole as he walked home from school in Perth. His alleged killers have pleaded not guilty. North Queensland communities working to recover after severe flooding are still being battered with rain. A trough bringing severe thunderstorms and heavy rainfall is threatening talents from ount iSER to Townsville. The Weather Bureau warns wet conditions could linger until Wednesday, and Watercorp is apologizing after the cancelation of a Brian Adams concert at rac Arena last night. Thousands of fans were locked out of the venue as emergency workers tried and failed to clear a major blockage in the main sewer along Wellington Street. Sport and entertainment are next in sports. Super Bowl fifty nine continues over in New Orleans. The Kansas City Chiefs are gunning for a historic third straight championship, but we need to beat the Philadelphia Eagles, who haven't lost since Christmas. Closer to home and stand in skipper Steve Smith credits Australia's Test Series win over Sri Lanka to their time spent training in Dubai. We won the second Test by nine wickets to clean sweep the series two nil. In gaul And Alex Deemanol is now ranked six in the world after finishing runner up in the Rotterdam Open Final. In entertainment news and a List superstar has made a surprise appearance during Kendrick Lamar's halftime show at the Super Bowl, actor Samuel L. Jackson gracing the stage to perform a few lines of dialogue during the set, with R and B singer Sissa also joining Kendrick to perform their hits Luther and All the Stars. Hollywood star Rene Zellweger is in Sydney for the Aussie premiere of the new Bridget Jones film. She's hit the Red Carpet ahead of the fourth films release on Thursday. Anne Isla Fisher has lifted the led on her difficult split it from husband Sasha Baron Cohen after nearly two decades together. The Aussie actress says the separation has been the hardest thing she's been through, but the pair are committed to coparenting their three children. And that's the latest from the Nova Podcast newsroom. We'll have another episode of the Update later on