SBS News In Depth Folgen

Billions have been wiped off sharemarkets around the world, including in Australia, amid investor concern that Donald Trump's economic policies could produce a US recession. The president's rapidly changing announcements on tariffs have fuelled trade wars, as consumers brace for the potential for an increase to inflation, lower economic growth, and rising unemployment.

Tariffs on steel and aluminium imports into the United States have come into effect, with no exemptions for Australia. It's a blow for the close relationship between the two nations, with the Prime Minister vowing to continue making Australia's case.

Ukraine has agreed to accept an immediate 30-day ceasefire with Russia during talks with US officials in Saudi Arabia. US Secretary of State Marco Rubio says he will take the offer to Russia, who now must make a decision.