Global markets slide after Trump slaps huge reciprocal tariffs on ‘Liberation Day’

Asian markets and US stock futures tumbled on Thursday after Donald Trump unveiled a sweeping increase in tariffs on imports from across the globe, escalating trade tensions and sending investors into a frenzy.Tokyo’s Nikkei 225 index dropped more than 3.4 per cent before a slight recovery, closing 2.9 per cent lower at 34,699.52. South Korea’s […]

Donald Trump signs order for 25% automobile tariff; markets react, allies weigh countermeasures

US president Donald Trump signed an executive order on Wednesday, implementing a 25% tariff on all foreign-manufactured automotive vehicles. The tariff will be effective from April 2.“We are going to be very fair… we are going to be nice actually. We have not been treated nicely by other countries, but we are going to be […]

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