Nvidia shares fell sharply on Thursday amid worries that President Donald Trump’s newly announced tariffs would hurt the company’s business. But just two weeks ago, CEO Jensen Huang suggested his company was well positioned in a trade war, saying Nvidia could be more insulated from tariffs and even a recession. At the company’s GTC conference … Read more
Hong Kong: Equity markets suffered a bloodbath Thursday after Donald Trump delivered a “haymaker” blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Tokyo’s Nikkei led an Asian selloff, collapsing more than four per cent, while US futures plunged, safe … Read more
New Delhi: US President Donald Trump announced global reciprocal tariffs on trading partners on Wednesday (local time), calling it a “declaration of economic independence.” A “baseline tariff” of 10 per cent will apply to economies globally and will take effect at 12:01 am on April 5, while higher rates will apply to those the White … Read more
Washington: Elon Musk’s Tesla has seen major drops around the globe and a significant $120 billion drop in net worth since his foray into politics. But much more awaits him and the EV sector. President Donald Trump’s tariffs are set to make an impact in the EV sector as well, so warns Tesla. In an … Read more
A trade dispute between Canada and the US has escalated, with several Canadian provinces pulling American-made alcohol from store shelves. The move is a direct response to the Trump administration’s imposition of 25% tariffs on Canadian goods. Lawson Whiting, CEO of Brown-Forman, the company behind Jack Daniel’s, has denounced the Canadian retaliation, calling it “worse … Read more
Washington, United States: US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this “the only fair way” to trade. Trump’s fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at … Read more
Washington, United States: President Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbors struck last-minute deals to tighten border measures against the flow of migrants and the drug fentanyl. Global stock markets had slumped as Trump’s threat of sweeping 25 percent levies on exports from … Read more
Washington, United States: When President Donald Trump learned Colombia had pushed back on US deportations, his threat of a massive trade war laid out the stakes: cooperate, or else. Tariffs, just as they were during his first term from 2017 to 2021, are Trump’s weapon of choice on the global stage. While it may be … Read more
New Delhi: Donald Trump on Tuesday denounced India, China, and Brazil as “tremendous tariff-maker(s)” and said his government would not allow the three to continue down this path, declaring, “… we’re not going to let that happen any longer because we’re going to put America first.” Speaking to House Republicans at a Florida retreat, the … Read more