Washington: US President Donald Trump on Monday threatened fresh tariffs of 50 percent on China and ruled out any pause in his aggressive new global trade policy, despite a dramatic market sell-off. Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggered criticism even from […]
Billionaire hedge fund manager Bill Ackman is pleading with President Trump to hit the brakes on sweeping new tariffs, warning that the global economy is teetering on the edge of a “self-induced economic nuclear winter.”In a lengthy post on X Sunday night, Ackman—once a vocal Trump backer—urged the president to call a temporary timeout.“The President […]
Representative AI image generated by Denny NEW DELHI: Asian stock markets nosedived on Monday as global financial turmoil deepened, triggered by US President Donald Trump’s sweeping tariffs and China’s retaliatory measures. With fears of a full-blown trade war mounting, US futures pointed to further losses on Wall Street, compounding Friday’s historic meltdown.Tokyo’s Nikkei 225 fell […]
The Trump administration this week levied sweeping tariffs across the globe, provoking retaliation from other countries and sending the stock market tumbling. An unexpected consequence? Penguin memes. Images of the flightless birds have waddled their way across the internet this week after President Donald Trump imposed tariffs on Heard Island and McDonald Islands, Australian territories […]
TOI Correspondent from Washington: Pilloried for playing golf while the stock market burned, MAGA supremo Donald Trump tee-d off with claims of an “economic revolution” that has “already” brought in more than $5 trillion investment into the United States.The US President’s tall talk came despite America’s top 500 companies bleeding almost the same amount, $5 […]
TOI Correspondent from Washington: MAGA supremo Donald Trump was all bravado on Friday as US stocks went into a dizzying downward spiral, wiping out another $ 2 trillion in investor money after China retaliated to his tariff gambit that has inflamed global markets. “China played it wrong, they panicked — the one thing they cannot […]
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 […]
US President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House (Pic credit: AP) US President Donald Trump on Wednesday announced a sweeping set of tariffs in what he called a declaration of “economic independence,” igniting fears of a global trade war. Speaking from the White […]
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 […]
President Donald Trump with Secretary of Commerce Howard Lutnick (AP/ File photo) Commerce Secretary Howard Lutnick has found himself at the center of growing frustration within the Trump administration as President Donald Trump prepares to implement his “Liberation Day” strategy, which includes the launch of reciprocal tariffs. According to the New York Post, sources close […]
