In unleashing global tariffs, President Donald Trump has vowed to remake the world to benefit US workers. One beneficiary could be the country he sees as the primary adversary — China.Asia’s largest economy promptly slapped identical tariffs on the United States and said it would impose export controls on rare earth elements vital in consumer …
It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China’s countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.The Wednesday White House event, billed by Trump as “Liberation Day”, unveiled levies on dozens of countries including all major …
Trump’s tariff Big Bang puts global economy under threat Read More »
Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring.Canada shed some 33,000 net jobs in the month, pushing the unemployment rate up 0.1 percentage point to 6.7 percent, according to Statistics Canada.”I know that a great …
Canada loses jobs for first time in 3 years as US tariffs bite Read More »
Fri, 04 Apr 2025 11:29:38 GMT
Fri, 04 Apr 2025 11:29:38 GMT
US President Donald Trump’s tariffs on Japanese goods are a “national crisis”, Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact on the heavily export-dependent economy.Japanese firms are the biggest investors into the United States but Trump on Thursday announced a hefty 24 percent levy on imports from the close …
South Korea’s Constitutional Court on Friday unanimously upheld President Yoon Suk Yeol’s impeachment over his disastrous martial law declaration, stripping him of office and triggering fresh elections after months of political turmoil.Yoon, 64, was suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed soldiers deployed to parliament. He was …
South Korea court ousts impeached president Yoon Read More »
Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump’s tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.The US president’s harsher-than-expected “Liberation Day” levies sent shockwaves through markets on Thursday, with Wall Street suffering its worst day since the early days of the …
Asian stocks extend global rout after Trump’s shock tariff blitz Read More »
Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious.Shock waves tore through markets in the United States, Europe and Asia after Trump’s tariff bombshell, as foreign leaders signaled readiness to negotiate but also …
Trump defiant as tariffs send world markets into panic Read More »
Stock markets and the dollar tumbled Thursday after President Donald Trump’s latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation.The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against the yen …
Trump tariffs hammer global stocks, dollar and oil Read More »
