Donald Trump’s latest tariffs expected to cause ASX 200 to drop hard

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Fair dinkum, the Aussie shares are expected to take a mighty tumble after US President Donald Trump copped out and slapped massive 25 per cent tariffs on every import of steel and aluminium banging onto American shores.

G'dayatoon: Mr Trump announced the tariffs during a press conference on Air Force One on Monday arvo.

Sky News Business Reporter Edward Boyd has delved into the data behind the announcement and explains how it will affect Australia's markets.