Aussie shares drop again as Trump talks more tariffs

The Australian share market has resumed its downtrend, falling for sixth time in seven days after President Donald Trump declared that sweeping US tariffs against Canada and Mexico would go ahead.

The benchmark S&P/ASX200 index on Tuesday fell 56.3 points, or 0.68 per cent, to 8,251.9, while the broader All Ordinaries dropped 62.1 points, or 0.73 per cent, to 8,498.0.

In currency, the Australian dollar was buying 63.55 US cents, from 63.77 US cents at 5pm AEDT on Monday.