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Goldman said in a report on Sunday that the new tariff rates announced by US President Donald Trump would lower Chinese GDP growth by at least 0.7 per cent this year
Trump's remarks underscored those of his top economic officials, who fanned out across the airwaves Sunday to argue the virtues of Trump's plan
South Korea's financial regulator also asked firms and state institutions to be prepared to provide liquidity support for exporting companies and their contractors hit by tariffs
Investors had thought the loss of trillions of dollars in wealth and the likely body blow to the economy would make Trump reconsider his plans
The widening criticism - including from Trump ally Ackman - came as Trump offered no indication he was prepared to claw back a punishing trade overhaul set to begin on April 9
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
Starmer also expressed disappointment over the new tariffs but emphasised that the UK would continue to act in its national interest
Oil plunged 7 per cent on Friday as China ramped up tariffs on US goods, escalating a trade war that has led investors to price in a higher probability of recession
Ishiba said Trump's decision to slap tariffs on imports from Japan was 'extremely disappointing and regrettable'
Donald Trump also criticised the trade surplus with these countries under former President Joe Biden
Lai acknowledged the significant impact the tariff could have on Taiwan's economy but reassured the public, emphasising the country's strong economic fundamentals
Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump's new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight. Treasury Secretary Scott Bessent said unfair trade practices are not "the kind of thing you can negotiate away in days or weeks. The United States, he said, must see what the countries offer and whether it's believable. Trump, who spent the weekend in Florida playing golf, posted online that WE WILL WIN. HANG TOUGH, it won't be easy. His Cabinet members and economic advisers were out in force Sunday defending the tariffs and downplaying the consequences for the global economy. There doesn't have to be a recession. Who knows how the market is going to react i
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
They suggest that the announcement of tariffs by US President Donald Trump has trapped markets in a bottomless pit for now, forecasting further declines in the near future
E-buses account for 35% of JBM Auto's revenue at present. The company, a key player in India's automotive sector, particularly in the e-bus segment, has a 30-40 per cent market share in the country
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in the state's politically vital aquaculture sector. SHINE JACOB elaborates
Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the US since last Wednesday's announcement, putting Trump in a position of power
"We still expect growth to be in the range of 6.3-6.8 per cent as projected earlier, though it may be closer to the lower end of the band," a government official said
Seventy-three per cent of the respondents said they were not impacted by the Trump tariff, while the rest were divided equally between seeing it as an opportunity and expecting adverse impact
Saudi Aramco - the world's biggest oil exporter - was one of the biggest losers in the region. The company at one point erased more than $90 billion from its market capitalization