June 8, 2025
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MAGA billionaires balk at Donald Trump’s tariff gambit, warn of ‘economic nuclear winter’

TOI correspondent from Washington: Prominent Trump acolytes and business leaders are jumping of the MAGA tariff train as the US President’s gambit — capricious to some and audacious to others — threatens to derail global trade and commerce that he wants to re-order.In the first signs of dissent in the higher MAGAsphere, Elon Musk publicly […]

‘It was close, but China changed because of tariffs’: Donald Trump on TikTok deal

US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday claimed that a deal over the future of TikTok in the United States was nearly finalised but China pulled back in response to new American tariffs.Speaking aboard Air Force One, Trump said Beijing’s change of stance came after Washington slapped an additional […]

‘You have to take medicine to fix something’: Donald Trump after global markets tumble

US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday doubled down on his decision to impose sweeping tariffs on imports from around the world, saying he would not back off unless trade imbalances with the US were addressed. Speaking to reporters aboard Air Force One, Trump acknowledged the economic uncertainty caused […]

US tariffs wipe out $9 trillion in global markets; Trump says will ‘supercharge economy’

Global markets were rattled on Friday as US President Donald Trump’s aggressive tariff war triggered a massive sell-off, erasing more than $9 trillion in market capitalisation since his second-term inauguration on January 20. The Wall Street meltdown, the worst since the Covid -19 pandemic, sent shockwaves across global financial centres. The S&P 500 plunged nearly […]

Dow Jones Today: Donald Trump says ‘only the weak will fail’ amid tariff chaos, Wall Street bloodbath

Donald Trump posted a cryptic message on Truth Social amid tariff chaos. President Donald Trump put out a cryptic message Friday amid global meltdown over his tariffs as he wrote ‘only the weak will fail’. The aftershocks of Donald Trump’s massive tariff moves started with China announced an additional 34 per cent tariff on all […]

Donald Trump’s Reciprocal Tariffs: Did Star Wars Episode 1: The Phantom Menace really predict the trade wars? | World News

Once upon a time, in a galaxy not so far away, an orange-tinted Palpatine stood in a rose garden and declared economic war on half the planet. On April 2, 2025, Donald Trump emerged from political semi-retirement to announce a sweeping new tariff regime. The internet’s response? Memes. Glorious memes. The Senate Would Revoke Their […]

Who developed US President Donald Trump’s ‘Liberation Day’ tariff formula? Mystery continues

US President Donald Trump has announced steep tariffs on its trade partners depending upon the imbalances, rattling the global markets. The brain behind this tariff formula, however, remains a mystery.“Trump used everyone as a sounding board until the very last minute,” a White House official told the New York Post. They added that the individual […]

Did Donald Trump announce reciprocal tariffs on penguins? Here is the truth | World News

Donald Trump has never confirmed whether he prefers Marvel or DC, but given his fondness for gaudy towers, daddy issues, and eternal grievance, one might wager that his favourite caped crusader is Batman — a disgustingly wealthy vigilante who gets his kicks roughing up mentally ill people in alleyways. So it comes as no surprise […]

Scotch whisky association ‘disappointed’ as US tariffs bound to take effect

US President Donald Trump announced sweeping global import duties, including a 10 per cent levy on all UK goods and a steeper 20 per cent rate for imports from the European Union, taking effect on 5 April.The move, one of the most aggressive protectionist measures in recent years, has sparked concern across multiple sectors, including […]

No people, just penguins and seals: Trump imposes 10% tariff on an uninhabited island

US President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House (Pic credit: AP) In a surprising turn of events, US President Donald Trump’s latest tariff announcement has sparked reactions worldwide, not just for a possible trade war but also for imposing tariffs on an island […]