Aussie equities push lower as tariff threat returns
Australian shares have traded lower amid fresh tariff threats from the US. -AAP Image
Australia's share market has retreated from the previous week's record high as investors weigh the latest twist in the Trump tariff saga.
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The S&P/ASX200 fell 55.4 points on Monday, down 0.61 per cent to 9,026, as the broader All Ordinaries gave up 51.7 points, or 0.56 per cent, to 9,251.5.
Gold miners were a lonely success story, helping lift the basic materials sector 1.2 per cent as investors sought safe havens after US President Donald Trump threatened to lift global tariffs to 15 per cent following a US Supreme Court ruling his previous tariffs were unlawful.
The Australian dollar is buying 70.69 US cents, up from 70.43 US cents on Friday afternoon.
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