New Delhi (India): Prime Minister Narendra Modi’s address to the nation on operation Sindoor.#pmmodi #operationsindoor #pakistan #indiapakistanwar #live Source: DD

Trump Escalates Tariffs on China to 125%, Beijing Hits Back Hard | Vantage with Palki Sharma | N18G

President Donald Trump has raised tariffs on Chinese imports to a staggering 125%, singling out Beijing in his widening trade war. While the US offers a 90-day tariff pause to 75 nations, China is excluded. Trump insists Beijing wants a deal but “doesn’t know how to ask.” Beijing’s response has been forceful—retaliating with 84% tariffs, restricting US firms, and threatening further action. From WTO complaints to curbs on Hollywood films and potential blows to US agriculture and finance, China is preparing for a long battle. As both nations dig in, the global economy braces for the fallout of this deepening trade conflict.

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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

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The "sell America trade" caused whiplash on Wall Street and took Australian investors on their wildest ride since the COVID pandemic. After largely ignoring share market carnage, it was a bond market rout that forced Donald Trump to backflip on his reciprocal tariffs with all countries bar China, sparking a recovery on stock markets. By the end, the Australian share market was back where it started the week. Gemma Dale from NAB trade talks to Close of Business about the rebuke bond traders sent to the White House and Alicia Barry speaks to John Quiggin, economics professor at The University of Queensland, about why he thinks Australia must have a painful break up with America, as US exceptionalism comes to an end. Gold also lives up to safe haven status with investors flock to the glittering metal.
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President Donald Trump has ordered a 90-day pause on most new tariffs, with the exception of China. NBC News' Christine Romans and Rep. Josh Gottenheimer (D-NJ) join Chris Jansing to discuss the market reaction and the turmoil from the trade war.

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#wallstreet #markets #trump

China hits back at Donald Trump, raising tariffs on US goods to 125% from 84% as the Asian and US markets plunge.

This follows the US president announcing a 90-day pause on additional tariffs for most countries but raised those on China to 145%, a move which Beijing has described as "trade blackmail".

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CNN's Richard Quest reacts to top economic officials in the Trump administration defending the widespread tariffs Trump announced that has caused US stock prices to plunge. #CNN #News

There was some relief on international stock exchanges today after the worst days for equity markets since the global pandemic. The massive sell off was triggered by US president Donald Trump's decision to impose tariffs on almost all of the United States trading partners. Markets in Asia, Europe and North America may have regained some ground, investor worries remain.

0:00 Update on market performance
2:35 Reed Alexander, Wall Street Correspondent

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US President Donald Trump has placed a 46% tariff on all goods imported to the US from Vietnam, causing worries for some US businesses and consumers.

About half of Nike and 39% of Adidas trainers are made in Vietnam, and Samsung also has significant production operations in the country.

Vietnam has been hit with a 46% tariff on goods it wants to import to the US. So a pair of trainers that cost £114 before the tariffs, will now face an import cost of £146.

The exact price at a retail store will depend on how much of the cost Nike – or any firm importing to the US – decides to pass on to the customer.

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U.S. Trade Representative Jamieson Greer was in the middle of his testimony before the House Ways and Means Committee when President Donald Trump announced that he was pausing his new tariffs on most nations for 90 days.

The president also announced he was raising tariffs on Chinese imports to 125%.

Minutes later, Rep. Steven Horsford, D-Nev., asked Greer whether he knew this pause was under discussion. He blasted the Trump official for either withholding information about the incoming strategy or being completely unaware of it.

“W-T-F! Who’s in charge?” Horsford exclaimed.

“It looks like your boss just pulled the rug out from under you and paused the tariffs, the taxes on the American people. There’s no strategy. You just found out three seconds ago, sitting here, we saw you,” he added.

Greer defended his testimony, saying that he doesn’t disclose his conversations with the president.

“These are real consequences for the American people and small businesses. I had a group of small businesses in my office earlier today talking about the impacts of these tariffs on aluminum and steel. This is amateur hour, and it needs to stop,” the lawmaker responded.

Horsford detailed some of the effects for American consumers from the recent market turmoil caused by the threat of major global tariffs — including losses to retirement funds and college savings funds, and consequences for small businesses.

“If it was a plan, if it was always the plan, how is this not market manipulation?” Horsford asked.

“It's not market manipulation, sir,” Greer said.

“It is not a strategy,” Horsford added.

“We're trying to reset the global trade system,” Greer responded.

Trump said in his Truth Social post that he was authorizing a pause because more than 75 countries had reached out to negotiate trade deals, and that those countries had not retaliated against his moves. The president also said he was lowering reciprocal tariffs to 10% for those countries “effective immediately.”

Treasury Secretary Scott Bessent called Trump’s global trade war a “successful negotiating strategy” in remarks at the White House after the announcement.

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Donald Trump raises tariffs on all China imports to 104 per cent as trade war heats up. | *Subscribe and 🔔: http://9Soci.al/KM6e50GjSK9*

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China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.

The Chinese government will impose an 84% tariff on all imports from the US starting April 10, the Finance Ministry said in a statement Wednesday. China’s move came hours after the steepest American tariffs in a century went into force, taking Trump’s duties on Beijing this year to 104%.

President Xi Jinping’s latest moves mirror the extra levies Trump put on Chinese goods as a punishment for Beijing’s last retaliation. With tariffs now soaring beyond the level economists say would decimate bilateral trade, any further duties would serve as a political statement rather than a way to apply economic pressure.

Read more: https://www.bloomberg.com/news..../articles/2025-04-09

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The US President rocked global markets again. Donald Trump took to Truth Social to announce even tougher tariffs on China and a 90-day pause on higher tariffs for dozens of countries.

James was joined by Dharshini David, Deputy Economics Editor, and Erin Delmore, North America Business Correspondent in New York as the news broke.

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A hearing at the US Senate has blown up over tariffs imposed on Australia by the Trump Administration, despite the US holding a trade surplus over the country.

US Trade Representative Jamieson Greer was testifying before the Senate Finance Committee over the hugely contentious tariff policy, which has sent global markets plummeting.

Democratic senator Mark Warner questioned why Australia had been hit with a tariff despite an existing free trade agreement and the nation's status as "an incredibly important national security partner."

Greer, in response, offered up the oft-repeated line that "[Australia] ban our beef, they ban our pork," and that "we should be running up the score on Australia."

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President Donald Trump’s so-called reciprocal tariffs are now in place, pushing US levies imposed on China this year to as high as 104%. Bloomberg's Minmin Low reports.
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CNN’s Fareed Zakaria, host of “Fareed Zakaria GPS” shares this take on President Donald Trump’s tariffs, including the repercussions he predicts. #CNN #News

Today, we attempt to answer your questions about US President Donald Trump and the worldwide impact of his tariffs.

James Cook and Alex Forsyth are joined by Caitríona Perry, BBC News’s Chief Presenter, and Dharshini David, Deputy Economics Editor to relive the week that was. Plus - how could tariffs effect UK consumers and when will people (in the US and UK) start to feel it in their pocket?

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China has upped its retaliatory tariffs on US imports to 125%, escalating the trade war between the world’s two biggest economic powers. Chinese leader Xi Jinping struck a defiant tone in his first public comments on the trade war, saying his nation was “not afraid.” #CNN #News

President Donald Trump’s tariffs on Chinese imports are now at least 145% as he aims to drive down the trade deficit and punish for Beijing for retaliating US tariff measures. Trump said he raised the reciprocal tariff on China to 125%. But that number did not include a 20% levy put in place earlier this year because of China's role in fentanyl trafficking. Bloomberg's Kailey Leinz reports.
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The European Union says it is putting its retaliatory tariffs against the US on hold after US President Donald Trump paused his tariff hikes for 90 days.

European Commission President Ursula von der Leyen said the EU wants "to give negotiations a chance" after Trump announced yesterday that there would be a 90-day pause for nations hit by higher US import tariffs.

Trump’s universal 10% levy for all countries, except China, remains in place - as does the 25% rate for all aluminium, steel, and cars entering the US.

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Trillions of dollars flowed back into Wall Street, after a tariff backflip from the White House. The benchmark S&P 500 index posted its best one-day gain since October 2008 with a 9.5 per cent rise, while the tech heavy Nasdaq Composite surged 12.2 per cent, driven by the Magnificent Seven stocks with Tesla, with NVIDIA Corp and Apple leading the gains. Australian stocks increased in value by almost $120 billion, as the local sharemarket posted its best one-day gain since 2020. The benchmark ASX 200 index surged 4.5 per cent to 7,710 points, while the broader All Ordinaries index jumped 4.7 per cent to 7,914 points. However, market analysts are generally warning that investors should expect more extreme volatility until the tariff situation is finally resolved. Mr Trump called a 90 day reprieve on his tariff war and slashed the tax to just 10 per cent for all nations except China. For weeks, he's shrugged aside an unrelenting fall on Wall Street as stocks dived on the prospect of lower growth, a spike in inflation and the growing chance of a recession. But on Tuesday, after weeks of discontent, the real power players on financial markets took action. In an unprecedented attack on America's global financial dominance, they began abandoning US government bonds, sending market interest rates sharply higher. It was an ominous sign that the world was losing faith in America and that the US would pay the price.
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