The global economy is in a state of flux following the introduction of new tariffs by U.S. President Donald Trump and the jitters can be seen in Brazilian jet maker Embraer, which has voiced concerns citing costs of jets to be higher and even flying high along with their jets. The tariffs, which are expected…
Acting President Han Duck-soo of South Korea held his first phone conversation with U.S. President Donald Trump on Tuesday, breaking days of diplomatic silence following the stunning ouster of President Yoon Suk Yeol, whose abrupt imposition of martial law last year plunged the country into political turmoil. The call marked the first direct communication between…
Japan’s Nikkei share average nosedived on Monday to its lowest level in a year and a half, as growing fears of a global recession triggered by sweeping U.S. tariffs sent investors fleeing from equities—particularly bank and tech stocks. The Nikkei 225 index dropped as much as 8.8% during the day to hit 30,792.74, its lowest…
As the global countdown begins toward the April 9 deadline for implementation of sweeping U.S. tariffs, diplomatic activity is intensifying across Asia and Latin America, with allies and trade partners scrambling to negotiate exemptions or delays. President Donald Trump’s April 2 executive order imposing “reciprocal tariffs” of up to 50% on nearly 185 countries has…
Singaporean leaders are issuing stark warnings after U.S. President Donald Trump unleashed sweeping global tariffs, with Prime Minister Lawrence Wong calling it a direct threat to the city-state’s economy and a step toward a global trade war. “It will spell trouble for all nations, especially small ones like Singapore,” Wong said in a video address…
Goldman Sachs has sharply raised its estimate for the likelihood of a U.S. economic downturn within the next year to 45%, citing tightening financial conditions and growing uncertainty over economic policy. The revised forecast — up from 35% — underscores the potential impact of President Donald Trump’s tariff measures, which have disrupted trade flows and…
Global equities extended their sharp decline on Friday after China unveiled a new wave of retaliatory tariffs against the United States, deepening concerns over a full-blown trade war and its economic repercussions. Beijing announced a 34% tariff on a wide range of American goods, prompting another market selloff that capped one of the worst weeks…
Rising fears over an escalating trade conflict sent shockwaves through global financial markets this week, triggering sharp declines across equities, heightened volatility in currencies and bonds, and growing concern over economic stability. On Wall Street, a key measure of market anxiety — the Cboe Volatility Index (VIX) — soared to its highest closing level in…
Jaguar Land Rover (JLR) has announced an immediate pause in shipments of its UK-manufactured vehicles to the United States, citing the need to reassess operations following President Donald Trump’s new 25% import tariff on cars and light trucks. The British luxury carmaker, owned by India’s Tata Motors, confirmed the move on Saturday after a report…
US customs authorities began enforcing a sweeping new 10% tariff on imports from dozens of countries early Saturday, marking a seismic shift in global trade policy and intensifying fears of a worldwide economic slowdown. The levy, announced by former President Donald Trump earlier this week, took effect at 12:01 a.m. ET (0401 GMT) at all…
