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Australian miners slip after US slaps tariffs on top trader China

ReutersApr 2, 2025 11:31 PM

Australian miners .AXMM fall as much as 1.9% to their lowest levels since September 13, 2024

Top consumer China was hit with a 34% tariff from the U.S. as part of President Donald Trump's reciprocal tariffs announcement

Shares of mining giants BHP BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX fall

Sub-index down about 1.7% so far this year, outperforming a 4.7% drop in broader ASX 200 benchmark .AXJO

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