AUD/USD, NZD/USD, USD/JPY Analysis: Trade Tensions Rise After Steel and Aluminium Tariffs

AUD/USD Faces Uncertainty as Trade Tensions and RBA Rate Cut Bets Grow

The Australian Dollar (AUD) weakened against the US Dollar (USD) as trade tensions escalated. US President Donald Trump expanded steel and aluminum tariffs by 25%, removing trade exemptions for key allies, including Australia. The White House confirmed that all import tax exclusions had ended and hinted at further tariffs on microchips and vehicles. This policy shift added pressure on AUD/USD, as Australia’s trade relationship with the US faces new uncertainties.