US President Trump signed a National Emergency order imposing tariffs ranging from 10% to 49% on steel, cars, and aluminum from Canada and Mexico, sparking a sharp decline in stock market indices. The move has raised concerns about its impact on the economy and trade relationships with key allies. Canadian Prime Minister Mark Carney warned that the tariffs would have consequences for Australia's perception of the US relationship, while Mexican President Claudia Sheinbaum expressed frustration with Trump's handling of their negotiations. The announcement came as markets reacted negatively to the news, with Dow Jones futures plummeting 2.4% and Nasdaq futures falling 4.3%.
https://deadline.com/2025/04/donald-trump-tariffs-financial-markets-inflation-1236357579/US President Trump announced sweeping tariffs in the White House Rose Garden, marking one of the most extensive trade actions in decades. The tariffs, which include a 34% duty on Chinese imports, will be reciprocated by China with a 67% tariff. The US will impose duties ranging from 10% to 49% on various countries, including the European Union, Vietnam, Japan, India, and Thailand. The move is expected to reshape global trade dynamics and potentially lead to retaliatory measures from trading partners, driving up prices for goods such as bicycles and wine.
https://indiatoday.in/world/us-news/story/trump-reciprocal-tariff-announcement-countries-hardest-hit-india-china-us-dutiesx-2703189-2025-04-03US President Trump announced plans to impose a 10% baseline tariff on all imports, with higher rates applied to key trading partners such as China (34%) and the European Union (20%).
https://www.thecitizen.co.tz/tanzania/news/international/trump-tariffs-pile-stress-on-ailing-world-economy-4988686President Donald Trump announced sweeping new tariffs on nearly all US trading partners, including a 34% tax on imports from China and 20% on the European Union, in an effort to boost domestic manufacturing and address what he called an economic emergency. The tariffs are expected to trigger broader trade wars and could lead to higher costs for middle-class essentials such as housing, autos, and clothing. Trump claimed that taxpayers have been "ripped off" for over 50 years and aims to bring in hundreds of billions of dollars in new revenue for the US government.
https://www.boston25news.com/news/trump-announces/RNHLCPBNEBGFRNWEPEN5FAWKPA/US President Donald Trump announced tariffs on various countries, including China and India, in his speech. The tariffs are expected to impact Indian businesses, particularly those with trade ties to the US. China has also expressed concerns over the tariffs, which could lead to a trade war between the two nations. The move is seen as a significant development in the ongoing trade tensions between the US and its trading partners.
https://www.livemint.com/news/us-news/donald-trump-tariff-announcement-highlights-us-president-announces-barrage-of-tariffs-on-friends-and-foes-alike-11743625243724.htmlThe US administration plans to impose tariffs equivalent to roughly half of those charged by other countries, with China facing a 34% tariff after being charged 67% by the US. The exceptions include countries with a 10% tax, which will have a matching 10% tax. Some question the accuracy of the Trump administration's numbers, suggesting they may not reflect the actual weight-adjusted charges made by foreign countries on the US.
https://markets.businessinsider.com/news/stocks/stocks-sink-as-trumps-liberation-day-tariff-plan-shocks-investors-1034544116US President Trump imposed sweeping tariffs on goods from China (34%), the European Union (20%), Japan (24%), and Britain (10%), among others, in an effort to restore the US economy to a "Golden Age". The move sparked fears of a recession at home and a damaging trade war abroad. Experts warn that the estimates for levies placed on US imports by other countries are exaggerated. Trump's administration has already imposed tariffs on steel, aluminum, and automobiles, with additional measures targeting Cambodia (49%), Vietnam (47%), and Myanmar (44%). The move is seen as a sign of Trump's shift towards a new order based on American supremacy, with some allies, like Australia and Italy, expressing opposition to the tariffs.
https://www.malaymail.com/news/world/2025/04/03/trumps-tariff-war-escalates-as-allies-lash-out-over-sweeping-trade-penalties/171709US President Donald Trump imposed significant tariffs on various countries, including China (54% on imports), the European Union (20%), Japan (24%), India (26%), and Vietnam (46%). In response, these countries imposed reciprocal tariffs ranging from 10% to 49%. The US will also impose a baseline tariff of 10% on Britain. Trump claimed this move would "make America wealthy again" and described it as "Liberation Day" for American industry.
https://channelnewsasia.com/world/us-president-donald-trump-unveils-sweeping-global-tariffs-liberation-day-5041026US President Trump has announced a 10% tariff on all imports, with higher rates for some countries, causing significant disruptions to global trade and economic development. China's export machine is being severely impacted, with at least 54% of its exports facing tariffs imposed by the US. The move has led to tensions rising between the two nations, with China restricting companies from investing in the US. Vietnam's efforts to boost trade with the US have been unsuccessful, with a 46% tariff imposed on its exports. South Korea is holding an emergency meeting to respond to the US tariffs, while Singapore's stock market remains steady despite deeper losses in Asia due to Trump's tariffs. Chinese firms are placing orders for $16 billion worth of new Nvidia chips, highlighting the potential impact of the tariffs on global supply chains.
https://www.businesstimes.com.sg/international/china-says-firmly-opposes-new-us-tariffs-vows-countermeasures