As Donald Trump threatens even the closest allies with tariffs, Trade Minister Don Farrell prepares to argue the case for exempting Australia – and America’s biggest rival, China.

President Donald Trump’s tariff threats have created such strong demand for UK-held gold, traders are facing potentially weeks-long queues for a chance to withdraw it.

Over in the United States, fears of escalating tariffs have spurred investors to hoard physical gold. Anticipating that ...