Australian shares shoot up after Trump walks back tariff threat

The de-escalation fuelled a rally in global share markets as buyers ride the ‘Trump Always Chickens Out’ trade strategy

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Australian shares shot higher on Thursday to recoup part of their recent losses, after Donald Trump dropped a tariff threat used against European allies amid his pressure campaign to gain control of Greenland.

The de-escalation fuelled a rally in global share markets that flowed into Australia, sending the benchmark S&P/ASX 200 briefly above the 8,860 point mark, before a slight easing.

Australian shares shoot up after Trump walks back tariff threat

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