Browsing: US tariffs Live

The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.

US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.

Xi Jinping’s Diplomatic Mission: Chinese President Xi Jinping has commenced a pivotal week of diplomacy in Southeast Asia, beginning his visit in Vietnam. This trip serves to reinforce China’s image as a responsible global player in contrast to the United States’ recent trade policies under President Donald Trump, particularly as the US maintains high tariffs on Chinese goods.

Cliff Notes The Trump administration has announced that smartphones, laptops, and semiconductor manufacturing machines will be exempt from reciprocal tariffs,…

The value of the US dollar has fallen in recent days to a new three-year low following the uncertainty over the impact of the Trump tariffs on the global economy.

Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.

Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%. 

Donald Trump has backed down on his tariffs (higher than the baseline 10%) on countries that did not retaliate against the levies. The US president announced via social media that there would be a 90-day pause on those tariffs and they would instead be dropped to the blanket 10% rate. But since China did retaliate, Trump announced that the tariffs on China would be hiked to 125%.

Much of the global media sees the announcement of Trump backing down from the trade war he started, likely amid US government bond sell-offs.

China’s tariffs on exports to the US have risen to 125%, prompting speculation about potential retaliation and the future scope of trade relations.

Donald Trump pauses tariffs for most countries for 90 days on “reciprocal” tariffs for over 75 trading partners, maintaining a reduced baseline tariff of 10%