J P Morgan projected that the United States will slip into a recession by the end of 2025, attributing the decline largely to President Donald Trump’s newly announced reciprocal tariffs. The forecast comes days after Trump imposed sweeping duties on imports in a bid to rebalance trade ties, with further hikes targeted at countries with […]
US President Donald Trump (Pic credit: AP) US stock futures plunged on Friday, pointing to deeper losses on Wall Street after China struck back with new tariffs in response to the Trump administration‘s sweeping import duties. The tit-for-tat move intensified investor concerns, sending global markets into a tailspin and wiping out trillions in equity value.The […]
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 […]
China has struck back at President Trump on Friday. In a rapid fire series of policy announcements from Beijing, including 34% across-the-board tariffs, three Chinese govt agencies showed that China has no intention of backing down in the trade war that Trump began this week with his own steep tariffs on imports from around the […]
Were Trump’s tariffs responsible for delay in TikTok deal? (Picture credit: AP) A long-anticipated deal to shift TikTok’s US operations into American hands was nearly sealed, until US President Donald Trump’s sweeping new tariff announcement derailed it, according to sources familiar with the negotiations, reported news agency Associated Press.The Trump administration had been working for […]
California wants to negotiate with countries separately, bypassing Trump tariffs. California which is the world’s 5th largest economy does not seem to agree with Donald Trump’s tariffs as its governor Democratic leader Gavin Newsom appealed to countries to exclude California-made products from taxes. “Donald Trump’s tariffs do not represent all Americans,” Newsom said in a […]
“There are decades where nothing happens; and there are weeks where decades happen.”No one lived that paradox quite like Elon Musk. For the better part of a year, Musk couldn’t stop winning. He helped install a president, muscled his way into the Cabinet via a meme-laced department called DOGE, bought Twitter just to torch it […]
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 […]
Video of US President Donald Trump’s 1987 interview with CNN’s Larry King has resurfaced online amid his sweeping reciprocal tariffs on “Liberation Day.”In the interview, Trump expressed America’s declining global standing while repeatedly criticising the trade policies.Trump said, “I was tired, and I think a lot of other people are tired of watching other countries […]
US President Donald Trump’s administration’s tariffs on Japanese goods constitute a “national crisis,” said Japanese Prime Minister Shigeru Ishiba on Friday,He announced plans for cross-party discussions to address the situation and urged for a “calm-headed” approach.Despite Japanese firms being among the largest investors in the United States, Trump on Thursday announced a steep 24 per […]
