Billionaire Clive Palmer has munched on a favourite Australian snack while expounding on his new party's Trump-style policies and promising to spend big on ads.

Aussies have vowed to boycott American goods and buy local after the Trump administration confirmed Australia would not be exempt from 25 per cent tariffs on steel and aluminium imports.

US inflation came in at 2.8 per cent last month from a year ago, down from 3.0 per cent in January. While easing inflation is ...