GERMANY RESPONSE TO US TARIFFS
Democrats dislike the 'chaos' of Trump's trade war but are OK with some tariffs
Democrats criticize President Trump's tariffs, labeling them chaotic and harmful, while acknowledging tariffs as a valid economic tool. They advocate for targeted tariffs, contrasting Trump's sweeping approach. The White House dismisses this as hypocrisy, citing past Democratic concerns about trade with China.
European shares down for third week after tariff whiplash
European stocks closed lower on Friday, concluding a volatile week marked by escalating trade tensions and fluctuating U.S. tariff policies. The STOXX 600 experienced its third consecutive weekly decline as investors grappled with uncertainty surrounding the economic impact of the trade war.
Anand Mahindra’s strong message for US, China & other top exporters: Brace for a rapidly changing world order
Anand Mahindra shared a chart of the world’s top exporters, warning that global trade dynamics are shifting rapidly. Quoting Bob Dylan, he suggested current leaders may soon fall behind. Amid trade tensions, U.S. tariffs, and a weakening dollar, netizens praised India’s progress while urging caution, noting that export growth alone won’t solve deeper economic challenges like poverty and unemployment.
European shares rise but head for third weekly decline on tariff woes
European stocks rose on Friday at the end of a volatile week that was dominated by erratic changes in tariffs by the United States and its major trading partners that fuelled concerns over the economic ravages of a trade war.
China speaks with Saudi Arabia, South Africa about response to US tariffs
China's Commerce Minister Wang Wentao engaged in video discussions with Saudi Arabian and South African counterparts, addressing the United States' "reciprocal tariffs." The conversations centered on strengthening bilateral economic and trade cooperation. Discussions also covered enhancing cooperation within the Gulf Cooperation Council, as well as the roles of G20 and BRICS.
China and EU discuss trade in response to US' punitive tariffs
China and the EU have agreed to deepen trade and investment ties amid escalating U.S. tariffs. In a video call, officials discussed restarting talks on electric vehicle pricing and trade relief. As Trump threatens 125% tariffs on China, Beijing urged Brussels to jointly uphold multilateral trade norms and accelerate WTO reform to stabilise global trade and economic cooperation.
- Go To Page 1
Trump’s tariff gambit sparks global chain reaction: China, EU, and allies retaliate
Donald Trump’s tariffs triggered global backlash. China hit back with higher duties and mineral restrictions. The EU prepared countermeasures worth 20 billion. Japan opted for talks. South Korea unveiled a $2 billion aid package for carmakers. Canada matched US auto tariffs. Malaysia, hosting Xi Jinping, will lead ASEAN discussions on a unified response to the escalating trade tensions.
Will this US ally reclaim its $96 billion in gold from New York's vaults amid Trump’s tariff turmoil?
Germany is reportedly reconsidering the safety of its $96 billion gold reserves stored in New York as Donald Trump's aggressive tariff policies strain international alliances. Amid fears that the U.S. is no longer a reliable partner, German leaders are debating whether to retrieve their bullion, marking a potential shift in global financial trust and postwar geopolitical dynamics.
European shares plunge as Trump's reciprocal tariffs kick in
European shares plummeted as U.S. reciprocal tariffs took effect, intensifying trade war anxieties and triggering recession fears in Germany. The STOXX 600 fell sharply, with Germany's index also declining significantly. Energy and mining stocks suffered substantial losses due to tumbling oil prices and levies on China, while investors sought refuge in cash amid economic uncertainty.
India eyes fall deadline for US trade pact: Jaishankar says ‘more talks with Americans in six weeks than in two years with EU'
External Affairs Minister (EAM) S Jaishankar spoke about the impact of the recent set of tariffs introduced by the US on countries across the world. He saw a silver lining and said that this would further boost the trade talks in place with the US. Jaishankar made the remarks at the Rising Bharat Summit on Wednesday.
Is Trump's tariff blitzkrieg driving the world towards economic isolation?
Trump's tariff policies are sparking global trade tensions, with countries prioritizing self-interest over collective action. While some nations seek to exploit opportunities arising from increased US tariffs on competitors, the EU is considering countermeasures against American services.
European shares notch best session since Nov. 2022 after tariff-sparked pullback
European shares rebounded from recent lows as investors reacted to the ongoing trade tensions and potential counter-tariffs. The STOXX 600 index experienced a significant increase, driven by gains in various sectors, including defense, financials, and healthcare. While concerns about a global recession persist, analysts suggest European equities remain attractive due to valuations and potential stimulus measures.
Richard Branson urges Trump to reverse 'collosal mistake' of tariffs
Richard Branson has urged President Trump to reconsider the recently implemented tariffs, cautioning that they pose a threat to the global economy. Drawing from his extensive business background, Branson highlighted the market's adverse reaction to the tariff announcement, emphasizing that these negative consequences were foreseeable and preventable.
Trump's tariff threats will push China to the brink of economic war? Here's how other nations will tackle this
Donald Trump and China clashed over tariff increases. China promised countermeasures. Other nations are planning responses to the trade war. Japan seeks tariff reconsideration. India wants a trade deal. Malaysia promotes diplomacy. Hong Kong pledges open trade. Asian leaders are trying to control the economic damage. Countries are trying to mitigate the impact of US tariffs.
'It's an honour': Trump makes another bizarre tariff remark, calls it as 'America first' move
US President Donald Trump has made another bizarre remark about reciprocal tariffs and defended it as 'America First' move. Trump said it's an honour for him while threating China to impose an additional 50 percent tariffs if Beijing did not immediately backed down. Trump has also said he won’t back down on his sweeping tariffs on imports from most of the world.
Vietnam’s bold offer to slash tariffs on U.S. goods to zero rejected by Donald Trump's adviser Peter Navarro, declares trade deficit a national emergency
Piter Navaro, a top trade advisor to US President Donald Trump, declined Vietnam's offer. Vietnam proposed zero tariffs on US imports. This was to postpone Trump's 46% tariff on Vietnam. Vietnam's Deputy Prime Minister, Bui Thanh Son, made the offer. Navaro called the trade deficit a national emergency. He alleged Vietnam was cheating. He said they relabeled Chinese goods.
EU plots 400 billion counterstrike as Trump tariff war goes nuclear, setting stage for largest trans-atlantic trade clash in decades
Brussels hits back hard as the European Union plans a massive 400 billion counterstrike against Trump’s aggressive tariffs on EU goods. This story dives deep into what sparked the biggest US-EU trade war in decades. From steel and aluminum to iconic American products like bourbon, the EU is preparing to retaliate—but not everyone agrees on how far to go.
Fearing further market meltdown, Germany's Merz calls for swift action on tariffs
Friedrich Merz urged immediate action to improve Germany's competitiveness amid a downturn in stock and bond markets, intensified by Trump's tariffs. Germany's conservative bloc emphasized tax cuts, reduced regulation, and lower energy prices to address the economic challenges and end the protracted recession.
Taiwan president discusses US tariff response with tech executives
Taiwan President Lai Ching-te met the executives at his official residence to discuss the response to "the global economic and trade challenges brought about by the reciprocal tariff policy," his spokesperson Karen Kuo said in a statement.
Sell TikTok to reach a deal on tariffs, Trump's olive branch to China
After his initial anger over Friday's move by Beijing to slap 34 per cent of tariffs, the same as his tariff on Chinese exports, Trump said China is panicking and at the same time offered a quid pro quo deal to lower tariffs if TikTok is allowed to sell its US stakes to an American buyer.
US tariffs: Europe prepares 'calm & unified' response
Nations from Canada to China have readied retaliation in an escalating trade war after Trump raised tariff barriers to their highest level in more than a century this week, leading to a plunge in world financial markets. In Japan, one of US' top trading partners, Prime Minister Shigeru Ishiba said that the tariffs had created a "national crisis" as a plunge in banking shares on Friday set Tokyo's stock market on course for its worst week in years.
Gold set for fifth weekly gain as Trump tariffs boost safe-haven appeal
Gold prices remained stable, poised for the fifth weekly gain as concerns over a global trade war driven by U.S. President Trump's tariffs boosted demand for safe-haven assets. Spot gold held at $3,109.95, while U.S. gold futures rose 0.3%. Investors await the U.S. non-farm payrolls data for insights into the Federal Reserve's interest rate path.
Will Donald Trump’s Tariffs push US economy to the brink of recession? Here’s what chief economist says
As the debate over trade policy continues, financial markets and businesses are bracing for potential economic turbulence. The coming months could be critical for the US economy.
From China to Canada, how are countries going to tackle Trump's tariff war?
In response to President Trump's new 10% tariffs on global goods and higher reciprocal tariffs, several governments are strategizing countermeasures. The EU, China, and Japan plan to retaliate, while Canada and South Korea announce support measures. Mexico seeks a different approach, and the UK, Australia, and Brazil evaluate their responses, emphasizing negotiation and avoiding direct tit-for-tat tariffs.
Xi Jinping livid with Donald Trump after massive Liberation Day tariffs on China; here's what the Chinese President plans to do next
Xi Jinping is furious after Donald Trump’s new Liberation Day tariffs on China, escalating tensions between the two global powers. China has slammed these tariffs as “unilateral bullying” and vowed strong countermeasures. With previous tariffs already affecting trade, Beijing may impose new restrictions on U.S. exports, investments, or even rare earth minerals. The trade war is deepening, and hopes for a Trump-Xi meeting now seem dim. As global markets react, businesses brace for economic ripples. Will the two nations find a resolution, or is this just the beginning of a bigger trade battle?
Germany slams Donald Trump tariffs, US tech titans in crosshairs
Germany, Europe's biggest economy, stands to be hit hard by the tariffs as the United States is its top export destination, and its companies ship huge quantities of goods, from cars to chemicals, to the world's top economy.
Trump tariffs draw global promises of counter measures
Governments globally have announced counter measures following President Trump's decision of imposing a new 10% baseline tariff on imports, in addition to reciprocal tariffs on certain countries. Nations such as China, Japan, South Korea, and Canada, as well as the EU and Brazil, have detailed their responsive strategies which include legal actions, negotiations, and support for affected industries.
Commerce Ministry responds to Trump's 27% tariff, says 'India to remain in touch with US'
India's Commerce and Trade Ministry states it will maintain communication with the US after President Trump announced a 27% tariff on Indian imports. They are also examining potential opportunities that may arise from this policy shift. This move is a response to the higher tariffs India has been imposing on US goods.
Trump 'a businessman, aur humara customer phas gaya...' says Congress Prez Kharge
Congress will discuss the US administration's 26% reciprocal tariff on India and release a detailed statement. Party leaders criticized the move, calling it detrimental to trade. Trump defended the tariffs, citing unfair treatment by India and other nations. Congress plans to raise the issue in Parliament, urging the government to address it with the US.
Load More
