President Donald Trump announced sweeping economic tariffs on foreign countries, but Mexico, Canada, and Russia were exempt from the list. The US imposed a 25% duty on auto imports from Mexico, while goods from Canada that comply with the USMCA trade deal will remain tariff-free. However, non-compliant energy and potash products from Canada will face a 10% tariff. Treasury Secretary Scott Bessent confirmed Russia's exclusion due to lack of US trade with them.
https://www.dailymail.co.uk/news/article-14565431/mexico-canada-russia-donald-trump-tariffs.htmlUS President Donald Trump has announced more aggressive-than-anticipated tariffs on major trading partners, including a 10% baseline tariff on all imports to the US and higher duties on some of its biggest trading partners. The move has sent markets into risk-off mode, with investors seeking safe havens like the Japanese yen and Swiss franc. The euro initially surged but remained steady, while sterling rose 0.28%. China's offshore yuan hit a one-month low after the announcement, and emerging markets were affected, with the Mexican peso weakening 0.25% to $20.2520 per dollar.
https://www.brecorder.com/news/40355770/dollar-slides-as-traders-rush-into-safe-havens-after-us-tariffsUS President Donald Trump has imposed a 10% "baseline" import tax on all countries that send goods to America, including Britain. Car, steel, and aluminium exports will face a 25% tariff, while the EU is being hit by 20% reciprocal tariffs, China by 34%, and Japan by 24%. The simple formula used to determine these rates divides a country's trade surplus with the US by its total exports, as revealed in a chart shown by Trump in the Rose Garden. For example, China's $291.9 billion trade deficit with the US was matched by $433.8 billion in exports, resulting in a 33.5% tariff rate that was rounded up to 34%.
https://www.dailymail.co.uk/news/article-14568177/The-simple-secret-Donald-Trumps-dodgy-tariffs-formula-revealed-baffled-economists-pour-scorn-US-Presidents-irrational-calculation-global-trade-levies.htmlUS President Donald Trump announced sweeping new tariffs on Wednesday, ranging from 10% to 49%, in response to perceived unfair trade practices by key trading partners. The move was met with measured reactions from countries such as China and Canada, indicating a lack of appetite for a full-fledged trade war.
https://www.khou.com/article/news/politics/national-politics/world-reacts-us-tariffs-against/507-7317c9a1-3cd5-424c-9d45-58aa9132383bThe world economy may face its third global recession in nearly 20 years due to US President Donald Trump's imposition of high tariffs on imported goods. The US imports $3.3 trillion worth of goods, which could cost $1 trillion if the average tariff rate fluctuates at 29%. This would lead to shortages and price increases, particularly for Chinese goods such as smartphones and affordable products, potentially exacerbating poverty levels. The impact is exacerbated by the high interconnectedness between the US and its trading partners, which could also hurt American exports.
https://www.fakti.bg/en/biznes/961553-the-world-is-at-risk-of-entering-its-third-recession-in-20-yearsPresident Donald Trump's latest tariffs against countries worldwide have sent shockwaves through global markets, with the dollar plummeting by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade. The Nikkei briefly collapsed over four percent and US futures took big hits, particularly in sectors like auto, luxury, and banking. Oil prices dropped around 4.5 percent, while safe-haven gold reached a new peak of $3,167.84 an ounce. China vowed "countermeasures" against the US tariffs, while Japan described the move as "extremely regrettable". European Union chief Ursula von der Leyen called Trump's announcement a "major blow to the world economy", and France plans to target online services in response.
https://www.ndtv.com/world-news/dollar-stocks-sink-as-gold-hits-high-on-us-president-donald-trump-tariffs-8079091US President Donald Trump introduced sweeping global tariffs, causing a stock market meltdown. The tariffs, which take effect April 9, target countries including Japan (24%), South Korea (25%), Great Britain (10%), and China (34%), with individualized rates based on their national policies. Analysts like Bonawyn Eison and Mike O'Rourke warned of potential havoc on multinational corporations' profit margins. The Dow futures dropped over 250 points, the S&P 500 fell 100 points, and Nasdaq futures plummeted over 400 points as Trump made the announcement.
https://www.dailymail.co.uk/media/article-14566103/cnn-host-richard-quest-trump-tariff-rant.htmlUS President Trump has imposed sweeping tariffs on various countries, including Europe and China, as part of his trade war. In response, both Europe and China have vowed to retaliate without implementing counter levies. The US tariffs on India are lower than those on China and Vietnam, raising questions about the effectiveness of the move. Not News Article
https://www.firstpost.com/world/they-rip-us-off-trump-calls-europe-pathetic-as-he-announces-20-reciprocal-tariff-on-eu-13876811.htmlUS President Trump unveiled tariffs of 34% on China, one of its largest trading partners, in response to China's previous tariffs. The Chinese Commerce Ministry called the move "unilateral bullying" and urged Washington to cancel them, warning they would harm global economic development and US interests. Beijing has maintained communication with the US over trade issues but warned that protectionism has no exit ramp. China could potentially impose export controls on critical minerals in response. The tariffs threaten China's fragile economic recovery, which is struggling with a debt crisis and low consumption.
https://www.thehindu.com/news/international/china-vows-countermeasures-to-sweeping-new-us-tariffs/article69407497.ece