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Wall Street Rises as Tariff Threat Looms

Wall Street closed higher following the US's threat of increased global tariffs, with Australian markets expected to face turbulence in response.

US markets ended the day in positive territory after the Trump administration announced plans for higher global tariffs. The news sent shockwaves through international financial markets.

In Australia, analysts predict significant volatility as local markets open today. ABC News business reporters are providing live coverage and expert analysis of developing events on the markets blog.