US stocks experienced wild swings as investors struggled to navigate uncertainty surrounding new tariffs set to be rolled out by President Donald Trump. The market's volatility was heightened just days before the announcement, with traders trying to position themselves for the biggest risk in years confronting the market.
https://www.scmp.com/news/world/united-states-canada/article/3304651/stocks-see-wild-swings-run-trumps-tariff-roll-out?module=top_story&pgtype=sectionUS President Donald Trump has warned Houthi rebels in Yemen and Iran of "real pain" if attacks on US ships continue in the Red Sea, amid rising tensions between the two countries. The warning comes as the US Navy has been conducting patrols in the region to protect its shipping interests. The situation has raised concerns about a potential escalation of conflict in the area.
https://www.livemint.com/news/us-news/donald-trump-warns-houthis-and-iran-of-real-pain-if-attacks-on-us-ships-continue-in-red-sea-11743450489978.htmlUS President Donald Trump expressed anger towards Russian President Vladimir Putin for questioning Ukraine's Volodymyr Zelensky's credibility as a negotiator, and for calling for new leadership in Ukraine. Trump threatened tariffs on firms dealing with Russian oil and warned Ukraine that it would face "big problems" if it got cold feet over a deal to sign over mineral rights to the US. Despite this, Kremlin spokesman Dmitry Peskov said Putin remained open to speaking with Trump, although no phone call was scheduled.
https://www.ndtv.com/world-news/donald-trump-expects-vladimir-putin-will-fulfill-his-part-of-ukraine-deal-8057327US President Donald Trump is set to announce "Liberation Day" tariffs on Wednesday, targeting countries that have treated the American people unfairly. The move has sparked global anxiety, with key European and Asian indexes closing lower, and markets nervous about potential retaliation from major trading partners like China, Canada, and the European Union. Goldman Sachs analysts raised their recession probability to 35% due to Trump's fixation on tariffs, which could lead to a global trade war. Trump may unveil additional sector-specific levies, including on pharmaceuticals and semiconductors, and has already imposed auto tariffs that will take effect Thursday.
https://www.malaymail.com/news/world/2025/04/01/us-trading-partners-brace-for-trumps-sweeping-new-tariffs/171516US President Donald Trump plans to unveil further tariffs this week, which could lead to global turmoil, as he seeks to address unfair trade imbalances with major trading partners like China, Canada, and the European Union. Trump has warned that his tariffs will be "very kind" but critics fear it may provoke a chain reaction of retaliation. The US has significant goods deficits with countries such as China, Japan, South Korea, and Mexico, which could be targeted by the new tariffs. The move has sparked market nervousness, with key indexes closing lower, and economists warn of potential recession fears.
https://www.malaymail.com/news/world/2025/04/01/trump-says-will-be-kind-with-tariffs-as-deadline-looms/171523President Volodymyr Zelensky has announced that representatives from countries willing to contribute troops to Ukraine will gather at the general staff in approximately a week. France and the UK are among the participating nations, indicating an effort to bolster international support for Ukraine's military efforts.
https://www.ukrinform.net/rubric-polytics/3976972-zelensky-and-starmer-coordinate-joint-efforts-to-achieve-peace.htmlSouth Korean Trade Minister Ahn Deok-gyun emphasized the need for a strengthened agreement among Seoul, Beijing and Tokyo to expand trade cooperation through negotiations on a Korea-China-Japan free trade deal. The three countries are major trading partners of the US, despite their differences on issues like territorial disputes and Japan's Fukushima nuclear wastewater release. A 2022 agreement aims to reduce trade barriers among 15 Asia-Pacific countries. Trump's recent announcement of 25% import tariffs on cars and auto parts could harm Asian automakers, particularly South Korea and Japan, which are the US' largest car exporters after Mexico.
https://www.fakti.bg/en/world/960735-donald-trump-s-tariffs-push-japan-south-korea-into-china-s-embraceChina's economy has received some reprieve from the intensifying US trade war, with its $18 trillion economy benefiting from foreign buyers frontloading purchases in anticipation of further US tariffs. The official purchasing managers' index (PMI) rose to 50.5 in March, the highest reading since March 2024, and non-manufacturing PMI accelerated to 50.8. Despite this, economists warn that relief is short-lived, as US President Donald Trump plans to announce new "reciprocal" tariffs on Chinese goods. China has maintained its economic target of around 5% for the year, despite Trump's tariff threats, and has pledged more fiscal stimulus and monetary easing to cushion the impact.
https://www.thestar.com.my/business/business-news/2025/03/31/china039s-manufacturing-hits-12-month-high-driven-by-strong-ordersTaiwan's second-largest steelmaker, China Steel, has suffered a nearly $1 billion loss due to the impending US tariffs. The company's spokesperson, Karen Kuo, stated that officials have prepared contingency plans for different scenarios. Taiwan Deputy Finance Minister Frank Juan believes the electronics industry will face low chances of being affected by tariffs, citing TSMC's new $100 billion investment in the US.
https://www.firstpost.com/world/taiwan-president-lai-discusses-contingency-plans-amid-looming-us-tariffs-13875970.html