Scott Bessent’s failure; Peter Dutton to slash Australia international student visas

News Snapshot:

US customs agents began collecting President Donald Trump’s unilateral 10 per cent tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partFners due to start next week. The initial 10 per cent “baseline” tariff paid by US importers took effect at US seaports, airports and customs warehouses at 12:01am eastern time in the US on Saturday, ushering in Trump’s full rejection of the post-World War Two system of mutually agreed tariff rates. “This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan...