Story one of ten today, about five minutes for the lot
More than AU$121 billion has already been returned to importers, but cancelled orders, legal costs, and new tariffs starting today mean losses cannot simply be reversed.
Why it mattersAustralian businesses shipping via Australia Post have no refund pathway yet, and face new US tariffs of 12.5% under laws the court has not challenged.
The Trump administration warned Australia not to impose rules on US tech platforms, calling such rules extortion.
Why it mattersIt signals a major clash between Australia's plan to regulate social media and US pressure to protect its tech companies from rules.
Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.
A sitting is ten stories, about five minutes, and then you are done for the day.
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