Page 81 - Latest Updates on Trump tariffs

Xi heads to Southeast Asia to rally support amid Trump's tariff offensive

As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure

Trump's trade team rocked by shake-up amid tariff turmoil; Bessent rises

As Trump pauses new tariffs and faces market volatility, Scott Bessent emerges as the key voice on trade while Navarro and Lutnick are pushed to the sidelines amid policy confusion

Rupee gains 45 paise; Opens at 86.24/$ as dollar, oil prices extend slide

The domestic currency weakened 45 paise to open at 86.24 against the greenback after closing at 86.69 on Wednesday

China tech faces worry beyond Trump tariffs after $350 billion wipeout

The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions

Asian shares sink as China-US trade war escalates; Nikkei dives 5.6%

Asian shares sank Friday after US stocks reversed 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 4.7% at 32,969.95. The yen surged against the US dollar, which also lost value against the euro. One dollar bought 143.48 Japanese yen, down from about 146 yen a day earlier. The euro rose to $1.1305 from $1.1195. South Korea's Kospi fell 1.6% to 2,400.34, while in Australia, the S&P/ASX 200 shed 2.1% to 7,552.10. On Thursday, the S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. But China announced more countermeasures against the United States and losses for US stocks accelerated after the White House clarified that the United States will .

Dollar slides to decade-low vs Swiss franc as confidence dips in US assets

The dollar dropped as much as 1.2 per cent to 0.81405 Swiss franc for the first time since January 2015, extending Thursday's nearly 4 per cent plunge

Trading guide, April 11: Trump 90-day tariff halt, global sell-off, TCS Q4

In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.

Oil prices set to drop for second week as US-China trade war to cut demand

Brent is set to fall 4 per cent this week, adding to an 11 per cent drop in the prior week, while WTI is set to decline 3.8 per cent

Trump trade war with China revives recession, bear market fears

Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days

US stocks dive as euphoria on Wall Street shifts to trade war fears

US stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. Trump blinks, UBS strategist Bhanu Baweja wrote in a report about the president's decision on tariffs, but the damage isn't all undone. Trump has focused more on China, raising tariffs on its products to well above 100%. Even if that were to get negotiated down to something like 50%, and even if only 10% tariffs remained on other countries, Baweja said the hit to the US economy could still be large enough to hurt expected growth for upcoming US corporate profits. The losses for US stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports

US budget deficit hits $1.3 trn in six months, second highest on record

The US budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year the second highest six-month deficit on record, according to Treasury Department data. The deficit for October through March spans the administrations of President Joe Biden and President Donald Trump. The previous high in the four decades of recordkeeping was $1.7 trillion in the first half of fiscal year 2021, when the government was tackling the COVID-19 pandemic, said the data released Thursday. A Treasury official who spoke on the condition of anonymity to preview the data said the increased spending was in part due to a mix of expenditures, including cost of living increases to Social Security payouts, higher Medicare and Medicaid costs, increased disaster assistance to the Federal Emergency Management Agency and Defense Department spending. The widening deficit, which occurs when spending exceeds the amount of money being raised, comes as the Trump administration has touted a

Trump's tariffs may end quarter-century era of cheap goods for US consumers

President Donald Trump's new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months, possibly ending the era of cheap goods that Americans enjoyed for about a quarter-century before the pandemic. In return, White House officials hope the import taxes create more high-paying manufacturing jobs by bringing production back to the United States. It is a politically risky trade-off that could take years to materialise, and it would have to overcome tall barriers, such as the automation of most modern factories. Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average US duties remain much higher than a couple of months ago. Trump has imposed a 10% tariff on all imports, while goods from China the United States' third-largest source of imports face huge 145% duties. And there are 25% taxes on imports of steel, aluminum, cars and roughly half of goods from Canada and ...

India eyes trade pact push as US pauses reciprocal tariffs for 3 months

In February, Prime Minister Narendra Modi and American President Donald Trump had announced the intention to finalise the first phase of a mutually beneficial BTA by the end of 2025

Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs

Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries

Markets set for bumper Friday open as Trump tariff U-turn lifts mood

Market players said gains in Indian equities may not match those in Europe or Japan, as local indices had not declined as steeply in recent sessions

Tariff pause eases farm worries, Andhra govt forms panel on shrimp exports

Sources said one of the mandates of the committee is to study India and Ecuador's shrimp production patterns and exports

Indian exporters breathe sigh of relief on US reciprocal tariff pause

Industry players have adopted a 'wait-and-watch' mode

Trump tariffs: Who will have the last laugh amid policy flip-flops?

Mr Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional

Highlights: EU putting countermeasures against US tariffs on hold for 90 days

Latest news updates: Catch all the latest news updates from around the world here

It is not over: Trump's tariff pause does not fundamentally change much

A tariff pause doesn't fundamentally change much