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🗞️ Reverse bargain
America's 'liberation day' is here.
Pick & Scroll News
April 03, 2025
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Good morning. America's 'liberation day' is here. Donald Trump started his address at 7am AEST today.
A few key points so far:
Trump will sign a 'historical executive order' instituting reciprocal tariffs on countries throughout the world, "They do it to us and we do it to them".
A baseline of 10% tariffs on imports to the US will be implemented.
Trump called out Australia specifically, "they're wonderful people, and wonderful everything, but they ban American beef. They don't want it because they don't want it to affect their farmers and you know, I don't blame them but we're doing the same thing right now starting at midnight tonight".
A 25% tariff to be imposed on all foreign cars.
You can follow the live announcements here.
All the headlines and more below...
AUSTRALIAN NEWS
Tenants anxious about a surge of no-grounds evictions ahead of NSW rental law changes
Australia's divorce rate has fallen to 2.3 per 1,000 people in 2023, reaching its lowest level since the 1970s. LINK
NSW's new rental laws banning 'no-grounds' evictions will commence on May 19. LINK
The Albanese Government is preparing to challenge potential 20% US tariffs at the World Trade Organization. LINK
Australia's inflation jumped from 3.5% to 6% in 6 months following Russia's Ukraine invasion. LINK
Meta has declined to renew its $200M payment deals with Australian publishers. LINK
Apartment prices increased by 24% in major Australian cities during Q4 FY24 due to construction costs and quality housing demand. LINK
Commercial property deals rose 28% in Q1 FY25 while office transactions increased by 69%. LINK
QLD may not achieve its 17% land conservation target without a set deadline. LINK
An $800M sale of Australian solar farms to Chinese investors has failed after lacking FIRB approval. LINK
GLOBAL NEWS
Trump to escalate global trade tensions with 'Liberation Day' tariffs on trading partners
President Trump will announce "Liberation Day" reciprocal tariffs targeting global trade partners. LINK
The US government has cut 200,000 federal jobs under President Trump whilst Elon Musk, though 25,000 terminations were deemed illegal by courts. LINK
President Trump is reviewing TikTok's US business sale proposal before the 5 April deadline. LINK
COMPANY NEWS
Country Road to expand into homewares as apparel sees decline
Country Road is expanding into homewares with standalone stores, while facing a 71.7% drop in apparel profits. LINK
Visa has bid $100M to replace Mastercard as Apple Card's partner whilst competing with American Express. LINK
News Corp has sold Foxtel to DAZN for $3.4B in a major Australian media deal. LINK
A US Senate committee is investigating Meta's alleged Chinese market entry efforts through censorship tools. LINK
Alibaba will release its Qwen 3 AI model in April amidst fierce competition in China. LINK
OpenAI has secured a US$40B funding round led by SoftBank, valuing the company at US$300B. LINK
Ford recalled 26,000 Kuga plug-in hybrids due to fire risks from battery defects whilst repairs remain uncertain. LINK
ONE MORE SCROLL
Editor’s Pick: Website that lets you see the world’s continent formation over time.
Draft Pick: 'Wouldn't have put myself in this position': 'Disappointed' Folau hits out at Rugby Australia.
Odd Pick: 3 teen girls try to stab mum for turning off Wi-Fi.
TOGETHER WITH
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TRIVIA
Can you order the 6 main Friends characters from oldest to youngest?
Answers below
OUR SOCIALS
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ANSWERS
Phoebe Buffay – February 16, 1967
Ross Geller – October 18, 1967
Chandler Bing – April 8, 1968
Joey Tribbiani – January 9, 1968
Monica Geller – March 22, 1969
Rachel Green – May 5, 1969
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