US tariff decision bad for Australia; PM to focus on economy; Winter Olympics glory

Monday 23 February 2026

Australia has emerged as a loser after the US Supreme Court’s decision to knock back Donald Trump’s Liberation Day tariffs triggered the imposition of a global 15 per cent levy, which is higher than what we pay now. 

• Strong earnings from Aussie companies pushes the ASX to record territory. Prime Minister Anthony Albanese says his government will be focusing on cost-of-living pressures and the economy in the run up to the May budget
• Which Australians feel best about life
• The end of the winter Olympics

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