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The Australian share market has followed US markets lower amid uncertainty sparked by US President Donald Trump's sacking of Secretary of State Rex Tillerson and fears that the US may move to impose tariffs on some goods from China.
Australian shares have closed higher after regional markets lifted on jobs data positivity out of the US and Australian markets strengthened on the exemption from US tariffs on imported steel and aluminium.
Australian shares have opened higher thanks to support from industrial commodities and after US stock indexes received a boost from jobs data which relieved fears of inflation and aggressive interest rate hikes.
The Australian share market has closed higher as investors saw less of a chance of a global trade war after US President Donald Trump exempted Canada and Mexico from US steel and aluminium tariffs and suggested other allies, such as Australia, could also be exempt.
Australian shares have opened marginally higher after US indexes oscillated on Wall Street before President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had the market on edge for a week.
The Australian share market has opened higher as investors gained some reassurance that proposed US tariffs on imported steel and aluminium may contain some exemptions and thereby reduce the chance of a trade war.