Page 86 - Latest Updates on Trump tariffs

Amid Donald Trump's tariff offensive, China lets yuan slide to 19-month low

The onshore yuan fell to its weakest level since September 2023 as Beijing signals policy shift to support exporters and counter US trade pressure

Tariffs take a toll: Musk's wealth drops below $300 bn amid market slump

Elon Musk's net worth dips to $298 billion after Trump's tariff move triggers global market selloff; Tesla stock plunges over 50 per cent, wiping out 2025 gains

Sensex mirrors Asian peers, climbs 1,089 points to end 3-day losing streak

From the sectoral front, the Nifty PSU Bank index added 2.6 per cent ahead of the announcement of the policy decision by the RBI's MPC scheduled for tomorrow, April 8, 2025

S'pore forms task force to support businesses against impact of US tariffs

Singapore is setting up a national task force to support businesses and workers from sweeping US tariffs that could slow economic growth and affect jobs and wages, Prime Minister Lawrence Wong said in Parliament on Tuesday. The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will include representatives from the city-state's economic agencies, the Singapore Business Federation, the Singapore National Employers Federation and the National Trades Union Congress. Describing the global situation as "fluid", PM Wong said in a ministerial statement in Parliament that the task force will help businesses and workers address immediate uncertainties, strengthen resilience and adapt to a new economic landscape. The tariffs are expected to dampen global growth in the near term, which will hit external demand for Singapore's export-reliant sectors, such as manufacturing and wholesale trade. The global uncertainty and dampened sentiment will also ..

Watch: China digs out Reagan's 1987 speech on tariffs to rebuke Trump

China posted the video after Donald Trump put an additional 34 per cent tariff on Chinese goods. The footage shows Reagan warning that businesses shut down as a result of imposing tariffs

Trump tariffs: IT stocks eye upto 38% downside if US economy sees recession

Trump Tariffs: Analysts at Kotak Institutional Equities believe Tata Consultancy Services (TCS), followed by Infosys, HCL Tech, and Coforge have lower downside from current levels

Apple rushed iPhone shipments from India, China to dodge US' tariffs

The tech company reportedly shipped inventory from India and China to the US in late March to avoid the reciprocal tariff imposed by the Trump administration

Trump adviser gives nations list to correct 'unfair' global system

Trump economic advisor Stephen Miran called on nations to take greater responsibility in providing global stability

RBI's likely 25 bps rate cut seen as non-event amid tariff war concerns

Reports suggest that India's overnight indexed swap (OIS) rates signal a bigger reduction or a change in its stance.

What is the US trying to achieve through reciprocal tariffs? Explained

It could be easier for India to deal with reciprocal tariffs by increasing imports from the US to protect its existing exports to the US, said analysts at Kotak Institutional Equities.

BFSI, telecom, healthcare: Ideal portfolio for a volatile stock market

Kotak has added ABB to the recommended model portfolio after the 36 per cent correction in the past six months. Its valuations, the brokerage said, look reasonable at 54X FY2026E EPS

How a false Trump tariff pause headline moved $2.4 trillion on Wall Street

US media outlets mistakenly flashed a false news claiming the Trump administration was considering a 90-day pause on tariffs for all countries except China

FIEO seeks 5% interest subvention as high US tariffs delay export payments

Seeking resumption of interest subsidy scheme, the Federation of Indian Export Organisations (FIEO) on Tuesday said the additional 26 per cent US tariffs from April 9 will significantly raise American importers' customs duty bills, delaying payments to Indian exporters. The organisation urged the government to immediately announce a 5 per cent interest subvention to ease the looming liquidity crunch. "From April 9, the US importers will have to pay 26 per cent duty upfront. Earlier it was zero-4 per cent. The high tariffs will put an additional burden on them, and for that, they would have to seek credit and delay our payments. The tariffs are going to impact the payment cycle for us. We request the government to immediately announce an interest subvention scheme for all the exporters," FIEO President SC Ralhan told PTI. In India, the repo rate stands at about 6.25 per cent, with exporters bearing interest rates ranging between 8 to 12 per cent or even more, depending on the spread

India's US ethanol ban flagged by USTR as major 'unfair trade practice'

United States Trade Representative lists unfair trade practices across several nations, flags India's ethanol import ban among key barriers affecting US exporters

When Elon Musk made direct appeals to Donald Trump pushing back on tariffs

DOGE chief Elon Musk takes his case to Trump, criticises Navarro's tariff stance as trade tensions with China escalate

Trump claims tariffs averted Great Depression, but history disagrees

In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The US economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II. Most historians look back on Smoot-Hawley as a mistake that made a bad economic climate much worse. But tariffs have a new champion in President Donald Trump. Like Trump, Hoover was elected largely because of his business acumen. An international mining engineer, financier and humanitarian, he took office in 1929 like an energetic CEO, eager to promote public-private partnerships and use the levers of government to promote economic .

China vows to 'fight to end' after Trump threatens with still more tariffs

China said Tuesday it would fight to the end and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the US' imposition of so-called reciprocal tariffs' on China is completely groundless and is a typical unilateral bullying practice. China has taken retaliatory tariffs and the ministry hinted in its latest statement that more many be coming. The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate, the ministry said. The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end. Trump's threat Monday of additional tariffs on China raised fresh .

Asian shares gain, Japan's Nikkei jumps 6.5% despite US tariffs concerns

Asian markets opened higher on Tuesday, with Japan's Nikkei 225 share benchmark up 5.5% after it fell nearly 8% a day earlier. The rebound followed a wild day on Wall Street as U.S. stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher. The Nikkei 225 had jumped to 32,819.08 a half-hour after the market in Tokyo opened. South Korea's Kospi gained 2% and markets in New Zealand and Australia also were higher. Asian markets plunged on Monday, with stocks in Hong Kong diving 13.2% for their worst day since 1997, during the Asian financial crisis. The S&P 500 ended down 0.2% on Monday as battered financial markets watched to see what Trump will do next in his trade war. If other countries agree to trade deals, he could lower his tariffs and avoid a possible recession. But if he sticks with tariffs for the long haul, stock prices may fall further. The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq composite edged up by .

Will eliminate trade deficit with US, says Netanyahu amid tariff tensions

Netanyahu further expressed gratitude to President Trump for inviting him to the White House and praised him as a remarkable friend of Israel

China vows retaliation if US imposes additional 50% tariffs on its goods

China's statement comes a day after Donald Trump threatened Beijing with an additional 50 per cent tariff if it implements its 34 per cent retaliatory duties