Tokyo: Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump’s punishing tariffs, even as countries sought compromise with the defiant president. Trump denied Sunday he was intentionally engineering a selloff and insisted he could not foresee market reactions, saying he would not make a…
BEIJING: China says that its export controls on rare earths will not affect the stability of the international supply chain, according to a statement from the China Nonferrous Metals Industry Association on Sunday. As part of China’s retaliation to Donald Trump‘s so-called reciprocal tariffs on Chinese products, authorities in Beijing announced immediate restrictions on the…
China has vowed to “continue to take resolute measures” to protect its interests against what it called “suppressive” tariffs imposed by the United States. In a position paper released on Saturday evening, the Chinese foreign ministry said the US levies had “severely violated” the legitimate interests of other countries and “severely undermined the rules-based multilateral…
Tata Motors’ luxury car subsidiary, Jaguar Land Rover, is temporarily halting shipments of its British-made vehicles to the United States as it navigates the impact of President Trump’s newly imposed tariffs, according to The Times. One of Britain’s biggest carmakers is making the move from Monday while it works out how to mitigate the cost…
WASHINGTON — Across-the-board 10% tariffs on nearly all imports — one-half of President Donald Trump’s “Liberation Day” tariffs — went into effect early Saturday, amid continued economic fallout from Trump’s plan. More severe tariffs on imports from several dozen countries — including a 34% tax on Chinese goods and a 20% tax on European Union…
Anand Mahindra doesn’t typically speak in dramatic terms. But when he does, people pay attention. Responding to US President Donald Trump’s latest round of global tariffs, the Mahindra Group Chairman wrote on X, formerly Twitter, “The new tariffs announced by the US are a signpost of one major geopolitical development. The multipolar world will now…
Hong Kong stocks fell on Wednesday as US President Donald Trump’s expected tariff announcement in Washington cast a shadow of uncertainty over global trade. The Hang Seng Index dropped 0.8 per cent to 23,020.80 as of 9.40am local time. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index…
Trump has labelled April 2 “Liberation Day”, insisting that the levies will free the United States from its reliance on foreign goods. Here are 10 points on this big story: On Sunday, the US president appeared to substantially expand his tariff plans, insisting that “all countries” would be targeted. “You would start with all countries,…
President Donald Trump on Friday said he was open to negotiating separate agreements with countries seeking to avoid US tariffs. However, he said that such deals would only be considered after his administration enforces reciprocal tariffs on April 2. US President Donald Trump waves as he walks before departing for Florida from the South Lawn…
Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month. Nations should open up markets in the face of growing economic fragmentation, he told a crowd of global business leaders and visiting Republican senator…