Governments worldwide have announced responses to US President Donald Trump’s latest tariffs, which include a 10% baseline duty on goods from all countries and additional reciprocal tariffs targeting nations with what Washington deems to be high trade barriers. While some countries are preparing countermeasures, others are opting for negotiations. European Union: European Commission President Ursula […]
Trump’s second term brings worst stock market start since 2001 – CNBC TV18
The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff. The S&P 500 Index is virtually in a correction over the 52 trading sessions since Trump swore the oath of […]
Trump hits African Kingdom with highest tariff in the world – CNBC TV18
US President Donald Trump imposed a 50% reciprocal tariff on the tiny southern African mountain kingdom of Lesotho, the highest levy for any sovereign nation. Trump announced Wednesday he’ll apply at least a 10% tariff on all imports, with even higher duties on some 60 nations, to counter large trade imbalances with the US. Lesotho […]
Trump’s reciprocal tariffs: US stocks hold gains, European markets falter ahead of key announcement – CNBC TV18
Stock markets worldwide remained on alert Wednesday (April 2) as investors braced for US President Donald Trump’s much-anticipated tariff announcement. Set for April 2 (April 3 in India), the announcement is expected to unveil sweeping trade measures that could impact global trade, inflation, corporate earnings, and Federal Reserve policy. While uncertainty loomed, US markets closed […]
Canada to impose over $20 billion in tariffs in response to Trump’s metal duties: Report – CNBC TV18
Canada is set to announce retaliatory tariffs worth 29.8 billion Canadian dollars ($20.7 billion) in response to the 25% tariffs imposed by US President Donald Trump on steel and aluminum imports, a senior Canadian government official said Wednesday, reported AP. The official confirmed that the Canadian government would take decisive trade action following the US […]