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Wall Street Rises as US Threatens Higher Global Tariff

Wall Street closed higher after the US threatened a new higher global tariff, while Australian markets brace for potential turmoil.

Wall Street ended the day on a positive note, closing higher after the United States announced a new higher global tariff, signaling a shift in trade policy that investors welcomed.

Meanwhile, Australian markets are braced for potential turbulence as the ASX faces uncertainty over the impact of the tariff decision on domestic trade and corporate earnings.