Donald Trump's latest threat comes as chip giant TSMC faces a potential $1 billion fine over a US export control probe linked to its chips ending up in a Huawei AI processor
The White House and the Office of the US Trade Representative (USTR), the government department involved in the drafting the proposal, did not respond to requests for comment
This comes after China did not meet the deadline set by President Donald Trump to lift its retaliatory tariffs on American goods
The nation's top trade representative said Tuesday that President Donald Trump's sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers. US Trade Representative Jamieson Greer addressed the Senate Finance Committee a day after global markets swung wildly and some business leaders lambasted the president's aggressive bid to raise tariffs on almost every nation on earth. Greer testified that about 50' countries have sought talks to escape Trump's import tariffs. He said, for example, that Vietnam is cutting its own tariffs on apples, almonds and cherries. The import taxes are designed to reduce America's massive trade deficits, but Greer conceded that the adjustment might be challenging at times.' Congress is getting jittery about Trump's trade wars, especially since stocks collapsed after he announced broad tariffs last Wednesday. The market rebounded Tuesday on hopes that negotiations will convince the
Credit event risks have been a feature of nearly all the past crises such as the global financial crisis in 2008 and the more recent Covid-triggered scare in 2020.
The best time to invest is when panic grips markets and valuations are attractive. While there is fear in the market today, valuations haven't reached cheap levels yet, Naren of ICICI Pru MF said
US Commerce Secretary asserts that leaving out a country will leave "loopholes" for other nations to manipulate it
Our editorial page today addresses various topics, including global reactions to Trump's tariffs, the future of BIMSTEC, and a look at NVidia's CEO Jensen Huang
The initial 10 per cent baseline tariff paid by US importers took effect at US seaports, airports and customs warehouses
US President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%. China announced Friday that it will impose a 34% tax on all US imports next week, part of a flurry of retaliatory measures to Trump's new tariffs. Trump has doubled down on his commitment to tariffs, maintaining that his new levies will bring trillions of dollars of investment to the US while also criticising other countries' retaliatory measures. Here's the latest: Elon Musk says he hopes for zero tariffs with Europe someday Billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create a very close, stronger partnership and reach a zero-tariff zone. Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, ...
Tariff hikes are plain news as the historic precedent of the Smoot-Hawley Tariff Act of 1930 highlights. This is an impoverishment day, not a liberation day, Wood said in his weekly note GREED & fear.
Myanmar, already struggling with earthquake recovery, now faces a 44 per cent US tariff under Donald Trump's trade policy, threatening key industries and worsening its economic challenges
Stock Market Today, Friday, April 4, 2025: Stock market rout has extended into second day today as Trump tariffs continue to worry investors. Here's all you need to know about India stock markets
At the global level, slower trade will also mean slower growth, especially for export-oriented economies, Sabnavis said. Back home, he feels that the MSMEs will be under pressure again
Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US
Trump Tariffs: The tariff news, analysts added, is likely to be perceived positively by both domestic and foreign portfolio investors, particularly in export-oriented sectors
In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35
The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said
Trump Tariff News: The short-term impact on the market will be negative. The probability of US recession by end 2025 has increased
Trump Tariff News: Largecaps go closer to the lows that we touched in February-March. However, there is a higher scope for smallcaps to test the lows of February-March and, may be, break them as well