(Bloomberg) — For stock traders in Hong Kong, Monday’s mayhem was one for the history books. Most Read from Bloomberg As the global market meltdown worsened on Monday, the tumult in Hong Kong stood out. The city’s benchmark Hang Seng Index plunged 13%, the most since 1997, with the session concluding with the highest equity…
(Reuters) -Shares of India’s Tata Motors sank 10% on Monday, set for their worst day in over three years, as its luxury car unit Jaguar Land Rover paused exports of its British-made cars to the U.S. after President Donald Trump’s 25% tariff came into effect. The slide on the day has taken the stock’s tumble…
(Bloomberg) — China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to US tariffs. Most Read from Bloomberg A gauge of Chinese stocks listed in the US plunged 8.9% on Friday, the most since October 2022, amid global market turmoil after Beijing…
TAIPEI (Reuters) -Taiwan’s President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers, and that Taiwanese companies will gradually increase their investments in the country. President Donald Trump announced across-the-board import tariffs on Wednesday, with much higher duties for dozens of trading…
PRESIDENT TRUMP AND THE TRUMP ADMINISTRATION. 11 NEWS REPORTER TORI YORGEY JOINS US LIVE OUTSIDE OF BALTIMORE CITY HALL. AND TORI, ORGANIZERS SAY THAT THEY HAD ROUGHLY 3000 PEOPLE THERE TODAY. YEAH. KHIREE THOUSANDS OF PEOPLE PROTESTING OUTSIDE OF BALTIMORE CITY HALL IS WHAT THOSE ORGANIZERS ARE TELLING US. THEY’RE ALSO TELLING US THAT THEY…
Hong Kong businesses are expected to feel the bite from Washington’s 34 per cent reciprocal tariff, with the United States being the city’s second-largest export market, accounting for US$37.9 billion in merchandise in 2024. Beijing, meanwhile, has also hit back with a 34 per cent tariff on imported American goods in addition to existing duties,…
By Antoni Slodkowski BEIJING (Reuters) -China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation. State-run Xinhua news agency also published the Chinese government’s stance, saying the U.S. should…
LONDON (Reuters) – Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, as it considers how to mitigate the cost of President Donald Trump’s 25% tariff, according to a report in the Times newspaper. Jaguar Land Rover, which is owned by India’s Tata Motors, did not immediately…
Stock markets tumble after China retaliates against Trump’s tariff Updated: 7:32 PM EDT Apr 4, 2025 White House Correspondent Stock markets fell further Friday after China retaliated against President Donald Trump’s tariffs by imposing a 34% tariff on all U.S. goods suffering. The S&P 500 fell 6% — it’s biggest one-day drop since the COVID-19…
OMAHA, Neb. (AP) — Heading into this year, most U.S. farmers were hoping to break even or maybe record a small profit if they could find a way to limit their sky-high costs. But now they are faced with losing the biggest export market for many of their crops after China retaliated against President Donald…