Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious. The S&P 500 dropped 4.8 per cent in its biggest loss since 2020. The tech-rich Nasdaq plummeted 6.0 per cent and the Dow Jones … Read more
Trump declared a national economic emergency and announced tariffs of at least 10% across all countries. Washington: IMF chief Kristalina Georgieva on Thursday said new US tariffs “clearly represent a significant risk to the global outlook” and urged Washington to work with its trade partners. The statement was the first from the IMF chief after … Read more
The Dow Jones Industrial Average ended the day down 4 per cent. Washington: US stocks plunged Thursday as traders reacted to Donald Trump’s sweeping tariff announcement a day earlier, with the broad-based S&P 500 recording its biggest one-day decline since 2020. The widely watched Wall Street index closed down 4.8 per cent at 5,396.52 — … Read more
Washington: President Donald Trump insisted on Thursday that stocks and the US economy would “boom” despite a rout on global markets sparked by his worldwide tariffs. “The markets are going to boom,” Trump told reporters as he left the White House for Florida, when asked about the chaos on Wall Street and other markets. “The … Read more
US President Donald Trump’s worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday. After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would “have substantial implications for … Read more
India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America. Below are some of the key points: Tariff rate and comments on India A flat 26% tariff was imposed on all goods being exported by India to the United States, … Read more
New Delhi: A week after a deadly earthquake struck Myanmar, “Liberation Day” tariffs imposed by US President Donald Trump have cast a shadow on the country’s economic future as it mitigates vast infrastructural damage. The country, where the toll after a 7.7-magnitude quake climbed past 3,000, has been slapped with 44 per cent tariffs. The … Read more
The following is a partial list of reciprocal tariffs announced by US President Donald Trump during his April 2 press conference. All nations will be subject to at least a 10% tariff going forward, while dozens of countries listed below that the administration identified as having high barriers on US goods will be subject to … Read more
US President Donald Trump has imposed retaliatory tariffs on almost all countries, including its allies, to protect and boost the American economy. On Wednesday, Trump declared a national economic emergency and imposed a minimum 10 per cent tariff on imports. Soon after the 47th President announced tariffs on countries and places — including some, where … Read more
Washington: After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States. In announcing what he has called reciprocal tariffs, Trump was … Read more
Washington: US President Donald Trump unveiled his “Liberation Day” tariffs on Wednesday, sending fears of a trade war ricocheting around the world. In a closely watched speech in the White House Rose Garden, the billionaire businessman said April 2, 2025 would “forever be remembered as the day American industry was reborn,” insisting that domestic manufacturing … Read more
Sydney: Donald Trump’s 10-percent tariffs on close ally Australia are “not the act of a friend,” Prime Minister Anthony Albanese said Thursday, but added that his country will not retaliate with its own levies. “This is not the act of a friend,” Albanese told a news conference after Trump’s tariff announcement, saying one-in-four Australian jobs … Read more