US officials have expressed concerns about Washington's commitment to NATO, with some warning signs flashing red due to Trump's team's disdain for Europe, territorial threats against Greenland and Canada, and the president's demands that allies spend at least 5% of their GDP on defense. The US has not made concrete decisions on withdrawing from Europe, but its focus on deterring war in the Pacific may lead to a shift away from European security. Trump's outreach to Russia has raised fears he could side with Moscow, potentially undermining NATO's mutual defense pledge and casting doubt on Article 5 of the alliance's founding treaty.
https://www.ndtv.com/world-news/nato-tries-to-keep-us-on-board-amid-fears-of-trump-withdrawal-8067541The US economy is expected to experience a substantial decline in the medium to long run due to the ongoing tariff war. According to an analysis, if nations like the European Union retaliate against Donald Trump's tariffs, exports would fall by 66.2%, imports would decrease by 46.2%, and welfare would drop by 2.5%. The US GDP is predicted to decline by 1.34% in this scenario. Canada, Mexico, Germany, and the UK are also expected to face significant economic losses, with Canada losing 32.6% of its exports and 2.7% of its overall GDP, while Mexico would lose 35% of its exports and 3.7% of its GDP, and Germany and the UK would experience smaller but still notable declines in their respective economies.
https://www.firstpost.com/world/trump-tariff-war-could-cost-world-1-4-trillion-raise-prices-in-us-by-5-percent-finds-analysis-13876492.htmlAsian markets rose on Wednesday as investors awaited US President Donald Trump's announcement of tariffs, dubbed "Liberation Day", which has sparked uncertainty among traders. The US president has warned that countries will be targeted for years of alleged trade imbalances, with equities already taking a hit in anticipation of the move.
https://www.deccanchronicle.com/business/economics/asian-markets-edge-up-but-uncertainty-rules-ahead-of-trump-tariffs-1870376The US government has warned other countries that it will respond to retaliatory measures with its own tariffs, citing President Trump's executive order as a protection of the president's policies. Canada, Mexico, the UK, EU, China, and Japan have indicated they are preparing for such responses. Economic experts warn that the new tariffs could disproportionately affect low- and middle-income families, who will face higher costs due to price increases by businesses reacting to the tariffs.
https://www.scrippsnews.com/politics/economy/trump-announces-baseline-10-tariff-on-imports-for-us-trade-partnersEconomists fear a potential economic downturn known as "stagflation" due to US President Donald Trump's tariffs. The UK's Starmer has proposed agreements on artificial intelligence and easing digital taxes for US tech giants, while offering to reduce tariffs on imported meats like chicken and beef. China, South Korea, and Japan are considering a joint response to Trump's tariffs, with Chinese Foreign Ministry stating that there are no winners in trade wars and that countries' development is not achieved through imposing tariffs. India has offered concessions to avoid the worst of the tariff war, including cutting tariffs on US automobile parts, alcoholic beverages, and agricultural products like almonds and lentils.
https://www.firstpost.com/world/trumps-reciprocal-tariffs-from-april-2-how-nations-are-bracing-for-impact-13876646.htmlUS President Donald Trump's announcement of tariffs on Indian goods has raised concerns about the impact on India's stock markets. The Indian government is worried that opening up its agriculture sector to American imports could lead to a significant loss of revenue and jobs. French far-right politician Marine Le Pen's conviction for corruption has sparked debate over judicial bias, with some arguing it undermines democracy. Meanwhile, in sports news, Bengaluru FC and FC Goa are locked in a semi-final match, with the first leg underway at Sree Kanteerava Stadium in Bengaluru.
https://www.firstpost.com/india/barriers-to-business-what-american-and-indian-businesses-want-trump-and-modi-to-do-13876613.htmlUS President Donald Trump is expected to include Britain in his protectionist measures to protect UK manufacturers and make America wealthy again. Economists warn that tariffs on cars could eliminate Chancellor Rishi Sunak's 'headroom' against his day-to-day spending plans, requiring him to make more cuts or hike taxes. The Institute for Public Policy Research (IPPR) says 25% tariffs on US car imports from Jaguar Land Rover and the Cowley Mini factory could put 25,000 UK jobs at risk, with exports to America predicted to fall due to reciprocal tariffs. Scottish economic growth is forecast to slow amid concerns over US tariffs on whisky, which could deal a $200million blow to profits for companies like Diageo.
https://www.dailymail.co.uk/news/article-14562851/Trumps-Liberation-Day-tariffs-carnage-hammer-UK-exports-like-cars-whisky-worth-60billion-cost-tens-thousands-jobs.htmlUS President Donald Trump's trade war is a challenge for Asian economies, including China, as it disrupts decades of export manufacturing and free trade that transformed the region into economic powerhouses. The White House plans to raise tariffs on imports from various countries, including Canada, Mexico, and Venezuela, in addition to existing tariffs on autos, steel, aluminum, pharmaceutical drugs, lumber, copper, and computer chips.
https://apnews.com/article/asia-tariffs-china-japan-trump-3efd0f1c83d32a1895cea03219eb39d2President Trump plans to impose new tariffs on several countries, including China, Mexico, and the European Union, as part of a reciprocal trade strategy aimed at reshaping the global economy. The move is expected to have significant implications for industries such as agriculture, manufacturing, and technology, with potential impacts on companies like Boeing and Ford, which rely heavily on international trade.
https://www.cbs8.com/video/news/live-trump-to-announce-sweeping-new-tariffs/281-9beff4df-b350-48e4-a77f-06108d8cd43b