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Australia faces a looming budget deficit ten times larger than projected, with neither major party offering a credible solution to address the growing financial pressure. The lack of responsible fiscal management and open discussions about tax reform leaves the country vulnerable to economic instability.

President Trump is threatening additional tariffs on foreign adversaries, including Russia and Iran, while expressing openness to making deals. He has dubbed April 2 as "Liberation Day," promising reciprocal tariffs on an unspecified number of countries, as well as 25% tariffs on automobiles and car parts.

America's infrastructure received a C grade in the 2025 ASCE report, with slight improvements attributed to the Infrastructure Investment and Jobs Act. However, significant investment gaps remain, particularly in roads, energy, and schools, requiring an estimated $9.1 trillion to bring all categories to a state of good repair.

US auto dealerships are experiencing a surge in customer traffic as buyers rush to avoid potential price increases caused by President Trump's 25% tariffs on imported vehicles and parts, which are set to take effect on Thursday. The tariffs are expected to impact the cost of both new and used cars, potentially leading to a decline in sales and the elimination of some models from the market.

China's Premier Li Qiang urged global executives to resist protectionism and defend globalization, assuring them of the country's preparedness for "possible unexpected shocks" while pledging to further expand market access for foreign investors. The gathering served as a platform for informal US-China diplomacy, with Li stressing the need for "win-win cooperation" and welcoming continued investment from American firms.