Live updates: ASX set to tumble, Australian dollar hit on fallout from Trump tariffs on China, Canada and Mexico

Live updates: ASX set to tumble, Australian dollar hit on fallout from Trump tariffs on China, Canada and Mexico

Source: ABC News

The local currency has fallen below 62 US cents, while futures are pointing to a sharp drop when the share market opens in the face of the opening shots in a trade war. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

US President Donald Trump's decision to initiate the first stage in what is shaping up as a global trade war has rattled markets with Wall Street slumping late on Friday.
Australian and Asian markets will likely follow that lead today, with ASX 200 f… [403 chars]

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