Trade War

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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.…

ANKARA, TURKIYE - APRIL 10: In this photo illustration portraits of US President Donald Trump and Chinese President Xi Jinping are displayed on computer screen as US flag is seen in Ankara, Turkiye on April 10, 2025. (Photo by Dilara Irem Sancar/Anadolu via Getty Images) Anadolu via Getty Images TAIPEI,…

“China’s share of global manufacturing is now larger than the combined share of the US, Japan, Germany, and South Korea.” Efforts by the US to block China’s attempts to avoid tariffs may strain global supply chains. Waning supply from China could drive prices higher as other economies take time to…

WASHINGTON — U.S. President Donald Trump partially reversed course Wednesday on his global trade war following days of market turmoil — but he's not offering any changes to the tariffs hitting Canada. Trump announced an immediate 90-day pause on the levies on nations slapped with the highest duties under his…