US 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-06108d8cd43bThe US Trade Representative's annual report on global trade barriers includes a lengthy section on China, suggesting that President Donald Trump plans to impose reciprocal tariffs on Chinese goods. The report, released days before "Liberation Day", when new tariffs are expected to be announced, provides clues about the targeted markets and confirms China as a top priority for Trump's agenda.
https://www.scmp.com/economy/global-economy/article/3304930/us-trade-office-lays-out-trumps-case-against-china-liberation-day-nears?module=top_story&pgtype=section#commentsUS President Donald Trump's trade policies, including tariffs, are affecting Asian economies, particularly China, which has been a major economic power due to export manufacturing and free trade. The tariffs, set to take effect on Thursday, will target autos and auto parts, with rates of up to 25%. This is part of Trump's efforts to compel companies to keep or set up factories in the US, disrupting trade agreements made at great cost to trading partners like China, Canada, and Mexico.
https://www.boston25news.com/news/counting-potential/TJOKGDAMXJEH7EHZJG4LDJWLUE/US President Donald Trump's plans for tariffs are set to be announced, potentially upending the global trading system and shaking financial markets. The euro rose to US$1.0802 and sterling fetched US$1.2941 ahead of the announcement, while the dollar fell 0.3% to 149.24 against the yen. Investors are seeking out currencies less exposed to tariffs, such as the Australian dollar, which rose 0.44%. Trump's aides are considering a plan that would raise duties on products by about 20-25% from nearly every country, with Britain potentially getting a carve-out.
https://www.businesstimes.com.sg/companies-markets/banking-finance/dollar-dips-trump-tariff-plan-keeps-traders-edgeThere is anxiety in economies worldwide ahead of potential US tariffs on Donald Trump's 'Liberation Day'. The US is set to impose tariffs on goods from Canada and Mexico, sparking concerns about trade tensions and their impact on global markets.
https://www.abc.net.au/news/2025-04-02/canada-mexico-anxious-ahead-of-potential-trump-tariffs/105126426US manufacturing activity contracted in March due to uncertainty over President Donald Trump's tariff plans, snapping a two-month expansion. The move comes ahead of sweeping reciprocal tariffs set to be imposed on Wednesday, dubbed "liberation day" by Trump.
https://www.manilatimes.net/2025/04/03/business/foreign-business/us-manufacturing-shrinks-in-march/2085358Rachel Reeves, the UK Chancellor, faces a fresh crisis as US President Donald Trump announces sweeping tariffs on goods from around the world, threatening to "knock out" her latest financial plans. The tariffs, which could completely destabilise the UK car manufacturing industry and put 25,000 jobs at risk, were announced just days after Reeves unveiled her budget. The Institute for Public Policy Research warned that the tariffs could wipe out Britain's anaemic growth this year and blow a gaping hole in the fragile public finances. Goldman Sachs has downgraded its UK growth outlook to 0.8 per cent due to Trump's plans, citing an impact of nearly 0.5 per cent on growth. The UK appears unlikely to respond with immediate retaliatory measures, but Whitehall sources suggest a deal could be reached soon after tariffs are imposed.
https://www.dailymail.co.uk/news/article-14561285/Donald-Trumps-crippling-Liberation-Day-tariffs-threaten-crisis-Rachel-Reeves-Chancellors-headroom-wiped-just-one-week-cuts.htmlUS President Donald Trump plans to address "decades of unfair trade practices" with reciprocal tariffs, a move closely watched globally, including in India. The announcement is seen as "Liberation Day" by Trump, who claims the tariffs will be "more lenient than reciprocal" and "kind." White House spokesperson Karoline Levitt stated that the tariffs aim to address the impact of unfair trade on American workers, which has hollowed out the middle class.
https://www.lokmattimes.com/international/trump-will-address-decades-of-unfair-trade-with-reciprocal-tariffs/