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.
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.
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.
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.
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.
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.
The quotation between the Brazilian real and the US dollar rose Friday to US$ 1 / R$ 5.83 after China announced retaliatory 34% surcharges against US President Donald Trump's tariffs, which fueled fears of a global recession, triggering turbulence in financial markets.
Argentine President Javier Milei said during a Conservative event in Florida that his country was negotiating with Donald Trump's administration a zero-tariff deal on approximately 50 export products, aiming for a potential Free Trade Agreement (FTA) shortly. Milei's remarks came after the Republican leader slapped a 10% tariff on all Argentine goods as part of a broader protectionist policy.
Canadian Prime Minister Mark Carney announced Thursday that his country would impose 25% tariffs on US-made automobiles in response to President Donald Trump’s 25% tariffs on Canadian autos as part of his Liberation Day measures.
In an era where American hospitality was once a hallmark of travel, increasing reports of detentions and deportations at U.S. airports are raising serious concerns among international travelers — particularly Australians.