Tag #Trade War

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gr.euronews.com
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European Markets Surge After Trump's Tariff Suspension

Following President Trump's announcement of a 90-day tariff suspension for non-retaliatory countries (excluding China), European markets experienced a historic rally on Thursday, with the Euro Stoxx 50 index jumping 8.2%, its strongest session since March 2020.

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kathimerini.gr
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Trump Delays Tariffs, S&P 500 Soars, But Trade War Uncertainty Remains

President Trump's 90-day postponement of new tariffs following a market crash caused a 9.5% surge in the S&P 500, but this temporary relief masks the long-term damage to global trade relations and the uncertainty surrounding future US trade policies, particularly concerning the ongoing dispute with ...

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bbc.com
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Australia Rejects China's Anti-Tariff Alliance

Australia rejected China's offer for joint resistance against US tariffs, prioritizing independent action to protect its national interests, despite China imposing 125% tariffs on Australian goods and the US imposing 10%. Australia will instead diversify trade partners and negotiate bilaterally with...

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theguardian.com
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Trump's Tariff U-Turn: Economic Chaos and Political Fallout

President Trump's April 2nd tariff announcement triggered global market crashes, prompting a 90-day pause but leaving a 10% tariff on all imports, estimated to cost American families $2,600 annually; his policy reversal raises questions about his economic strategy and political strength.

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nbcnews.com
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Trump's 125% Tariff on China Sparks Online Mockery Amid Contrasting Economic Goals

President Trump raised tariffs on Chinese goods to 125%, aiming to revive American manufacturing, but this move has been met with online mockery in China, highlighting the challenges of reversing global manufacturing trends and boosting domestic consumption in both countries.

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dailymail.co.uk
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Trump Tariffs to Cost American Households \$4,400 Annually

President Trump's tariffs, even with a 90-day pause on some, will cost each American household \$4,400 annually, according to the Yale Budget Lab, representing a 25.3 percent effective tariff rate—the highest since 1909—and disproportionately harming low-income families.

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dw.com
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Trump Pauses Tariffs on Most Countries, Excluding China

President Trump temporarily paused import tariffs on 60 countries, excluding China, for 90 days, after imposing substantial tariffs the week prior, citing unfair trade practices and a lack of respect from China, leading to significant market rallies but uncertainty.

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abcnews.go.com
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Trump's Tariff Pause Receives Republican Senate Approval

Senate Republicans reacted positively to President Trump's surprise announcement of a 90-day pause on tariffs, citing concerns about rising costs and market volatility; the pause aims to facilitate negotiations with multiple countries, though some skepticism remains about its long-term effects.

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60% Bias Score

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elmundo.es
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US Trade War Creates Uncertainty for Spain's Agri-Food Sector

The US-China trade war threatens Spain's agri-food sector, particularly olive oil and wine, but the sector, facing 1,253 new EU regulations in 2024 alone, expresses optimism due to past crisis management and emphasizes the need for competitiveness and regulatory relief.

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cbsnews.com
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Trump Pauses Tariffs, Sending Stocks Soaring

President Trump announced a 90-day pause on most tariffs announced April 2nd, after a week of trade uncertainty that caused an over 8% surge in the S&P 500 and prompted warnings from economists about inflation and recession. China's tariffs on U.S. goods rose to 125% in response to the initial tarif...

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dailymail.co.uk
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Bitcoin Surges Past $80,000 After Trump's Tariff Pause

Bitcoin's price exceeded \$80,000 after President Trump temporarily suspended new US tariffs, creating market volatility amid ongoing trade disputes and contrasting views on crypto regulation within the US government.

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dw.com
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JPMorgan Predicts 60% Chance of US Recession Amidst Ongoing Trade War

JPMorgan Chase forecasts a 60% chance of US recession due to President Trump's trade policies, describing his recent tariff delay as only the 'end of the beginning' of the trade war; the bank notes that a 10% tariff on goods from many countries is a major shock and that China's retaliatory 125% tari...

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