Tag: Donald Trump

• Wednesday, April 23rd 2025 - 10:59 UTC

  IMF revises region's growth downwards amid US tariff war

  

  The International Monetary Fund's (IMF) April 2025 Global Economic Outlook, released Tuesday in Washington, revised global and regional economic forecasts downward due to the US-initiated trade war and associated uncertainties.

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• Wednesday, April 16th 2025 - 22:27 UTC

  China comparing Trump with an Empress who is 1900 succumbed to foreign powers and ended the empire

  

  By Wang Wen for South China Morning Post (*) - A viral political cartoon circulating in China shows US President Donald Trump dressed in the imperial robes of the Qing dynasty. He is likened to Empress Dowager Cixi, who in 1900 effectively declared war on the Western powers in China, a disastrous move that helped accelerate the collapse of imperial China

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• Tuesday, April 15th 2025 - 10:59 UTC

  Milei's Argentina closes ranks with Trump's US

  

  Argentine President Javier Milei met with US Treasury Secretary Scott Bessent at Casa Rosada to discuss strengthening bilateral ties, focusing on a potential trade agreement aligned with US President Donald Trump’s reciprocal tariffs proposal.

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• Saturday, April 12th 2025 - 10:49 UTC

  Lula enacts Reciprocity Law in reaction to Trump's tariffs

  

  Brazilian President Luiz Inácio Lula da Silva enacted the so-called Reciprocity Law on Friday, whereby the federal government can react whenever countries or economic blocs create measures restricting Brazilian exports, be it in the form of surcharges or objections to the origin of the product. The measure is to be published in Monday's issue of the Diário Oficial da União (Federal Official Gazette).

• Thursday, April 10th 2025 - 10:40 UTC

  Trump lowers huge tariffs for everybody but ups those for China

  

  US President Donald Trump Wednesday announced a 90-day freeze on reciprocal tariffs for most countries, reducing them to a 10% baseline, while raising tariffs on Chinese goods to 125%, effective immediately. The decision followed negotiations with over 75 nations interested in new trade terms, spurred by Trump’s initial tariff announcements last week.

• Wednesday, April 9th 2025 - 10:57 UTC

  Trump ups tariffs on Chinese products to 104%

  

  US President Donald Trump has escalated the trade war with China by imposing a 104% tariff on all imports from that country, effective immediately, the White House announced Tuesday. This follows China’s retaliatory 34% tariff on US goods to take effect on Thursday.

• Tuesday, April 8th 2025 - 09:40 UTC

  Israel to suppress all tariffs on US goods, Netanyahu tells Trump

  

  Israeli Prime Minister Benjamin Netanyahu Monday said at the White House that his Government would eliminate tariffs and trade barriers on US imports to address the trade deficit with Washington. He made those remarks amid global market declines of over 7%, triggered by tariffs imposed by President Donald Trump, which amount to 17% in the case of Israel.

• Monday, April 7th 2025 - 23:14 UTC

  Markets slump worldwide amid Trump’s tariff war and recession fears

  

  US stocks experienced significant volatility Monday amid a global trade war sparked by President Donald Trump’s tariffs. In addition, Washington threatened China to impose an additional 50% surcharge if Beijing does not retract its own 34% increase by Tuesday.

• Monday, April 7th 2025 - 10:57 UTC

  Trump’s 41% tariff on Falklands, “biggest threat since Argentine invasion”, Liberal Democrat leader

  

  The leader of UK’s Liberal Democrats, Ed Davey has called on the Prime Minister to meet with the Falklands Governor, after President Trump announced tariffs of 41% on exports from the Falkland Islands to the United States.

• Monday, April 7th 2025 - 10:12 UTC

  Early dawn stock markets show significant declines

  

  Australia's and most Asian stock markets experienced significant declines early Monday amid the global tariff war triggered by U.S. President Donald Trump. The Hang Seng Index in Hong Kong dropped 9.1% to 20,778.10, with a peak intraday fall of 10.2%, marking its worst day in over a year. Across the Asia-Pacific, 11 of 14 equity markets hit 52-week lows. In mainland China, the CSI 300 Index fell by 7.6%, while the Shanghai and Shenzhen Composite Indexes dropped by 7.4% and 9.8%, respectively. Japan’s Topix and Nikkei indexes also slumped, by 9.6% and 6.5%, respectively.