Global stocks fall the most since March 2020 after Donald Trump’s Liberation Day tariff shock. The Aussie and Kiwi dollars slump after China retaliates. And ANZ Research now sees the RBA cutting three times this year, rather than once.

In our bonus deep dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, analyses the economic effects on India of the 26% tariff rate put on its exports to the United States.

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