US tariff threats could cost Australia $1.6 billion yearly in lost trade edge. Fed rate worries sent Asian tech stocks tumbling, pointing to a sharp ASX open. Saudi Arabia ramps up direct flight plans to boost meat exports.

The Full Picture

Trump tariff shock

• What happened: A fresh US tariff proposal would erase Australia’s competitive edge in American markets, hitting exporters with $1.6 billion in extra annual costs.
• Why it matters: Rivals gain while Australian...