Trade War

The dollar index (DXY00) Friday fell by -0.80% and posted a 3-year low. The dollar retreated Friday because of concerns that the escalation of the US-China trade war would derail the economy and lead to stagflation.  On Friday, China raised tariffs on all US goods to 125% from 84% in retaliation…

Several major U.S. law firms have bent the knee to President Donald Trump’s illiberal regime in recent weeks, reportedly committing millions of dollars’ worth of free legal services to help Trump’s administration pursue any number of their political goals. On Friday, Trump announced that five more law firms made deals…

1 of 7 | A woman walks past the New York Stock Exchange on Monday. At the end of the week, U.S. stocks rose on Friday as Wall Street ended a roller-coaster week amid a trade war involving tariffs started by President Donald Trump. Photo by Angelina Katsanis/UPI | License…

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When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China…

China retaliates with 125% tariffs after the US hikes duties to 145%; Beijing calls the move “a joke.” US consumer sentiment plunges to 50.8, while short and long-term inflation expectations surge. UK GDP beats forecasts with 0.5% February growth, helping offset global uncertainty and bolster the Sterling. The Pound Sterling…

Last Updated: April 11, 2025, 16:14 IST Jaishankar said the US has fundamentally changed its approach to engage with the world, adding that the US-China trade war will have consequences and India needs to safeguard its own interests. External Affairs Minister S Jaishankar addressing the Carnegie Global Technology Summit 2025.…

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Donald Trump’s upending of the global economy has raised fears that climate action could emerge as a casualty of the trade war. In the week that has followed “liberation day”, economic experts have warned that the swathe of tariffs could trigger a global economic recession, with far-reaching consequences for investors…

BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before. The deepening worries over President Donald Trump’s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.2% at 33,148.45.…