Trade War News - Latest Updates & Headlines
China to moderately reduce US film imports as trade war escalates
Beijing, April 10: China's film regulator on Thursday announced it will "moderately reduce" the number of US films imported into the country, state media reported citing the Chinese Film Administration.
China reaches out to EU, ASEAN members against US' reciprocal tariffs
Beijing, April 10: With US President Donald Trump going all out in his trade war on China by imposing 125 per cent tariff on import of Chinese goods, Beijing has reached out to the European Union (EU) and ASEAN countries to forge an united front and force the US to backtrack.
EU President Von der Leyen backs Trump's tariff pause amid US-China trade clash
Brussels, April 10: European Commission President Ursula von der Leyen has welcomed US President Donald Trump's announcement to pause reciprocal tariffs for dozens of countries, calling it a necessary move to help stabilise the global economy amid intensifying trade tensions between the United States and China.
Yuan sinks to 19-month low as China loosens currency grip
Shanghai, April 10: China's currency slumped to its lowest level against the US dollar in over a year and a half on Tuesday, after the central bank set a weaker-than-expected reference rate amid intensifying trade tensions with Washington, Nikkei Asia reported.
Trump pauses tariffs on countries like India that did not hit back
Washington, April 10: US President Donald Trump on Wednesday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125 per cent for hitting back.
Asian markets rallied after Trump announce 90-day pause on tariffs, Indian markets closed for Mahavir Jayanti
New Delhi, April 10: Asian stock markets surged on Thursday after US President Donald Trump announced a 90-day pause on tariffs for 75 countries, including India. This decision brought some relief to global investors amid rising trade tensions.
Somebody had to do it: Trump on raising China tariffs to 125 pc
Washington DC, April 10: US President Donald Trump on Wednesday (local time) defended his decision to raise tariffs on China to 125 per cent, stating, "somebody had to do it."
Trump increases tariffs on China to 125 pc, announces 90-day 'pause' for 75-plus countries
Washington DC, April 9: Amid the ongoing tariff war between the US and China that had been rattling the global markets, US President Donald Trump on Wednesday (local time) announced an immediate increase in tariffs on China to 125 per cent.
'RBI's rate cut move commendable, will boost consumption'
Mumbai, April 9: The Reserve Bank of India’s (RBI) decision to reduce the repo rate by 25 basis points to 6 per cent was timely and appreciated, an expert said on Wednesday.
China issues travel warning for citizens heading to US amid strained economic relations
Beijing, April 9: China's Ministry of Culture and Tourism on Wednesday issued a risk alert for Chinese citizens planning to visit the United States, citing the recent decline in China-US economic and trade ties, as well as concerns over domestic security in the US, according to a report by Global Times.
US tariffs have mixed fiscal impact, will not solve underlying challenges: Fitch Ratings
New Delhi, April 9: Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings said in a report.
China retaliates, increases tariff on US goods to 84 per cent
Beijing, April 9: In a retaliatory move, China on Wednesday announced it will increase its tariff on US goods from 34 per cent to 84 per cent starting April 10, Al Jazeera reported.
Tariff war: China releases white paper on trade relations with US
Beijing, April 9: China's State Council Information Office on Wednesday released a white paper titled “China's Position on Some Issues Concerning China-U.S. Economic and Trade Relations.”
Seoul shares dip to 17-month low on Trump tariffs; won sinks to 16-year low
Seoul, April 9: South Korean stocks fell by nearly 2 percent to a 17-month low on Wednesday as the Donald Trump administration's sweeping tariffs stoked fears of an intensifying trade war between the United States and China. The local currency fell sharply against the US dollar.
Guterres warns of recession risk from trade war, expresses hope it won't happen
United Nations, April 9: Amid warnings of the risks of a recession from the trade war, UN Secretary-General Antonio Guterres says he “sincerely hopes” there won't be one because of the effects it would have on the poorest.
Mistake for China to retaliate: White House imposes 104 pc tariffs on China
Washington DC, April 9: The White House on Tuesday (local time) announced the imposition of a 104 per cent tariff on China starting Wednesday, marking a significant escalation amid the tariff tension which have shaken the markets.
Tariff war: Korean won dips to lowest level since 2008 global financial crisis
Seoul, April 8: The South Korean currency weakened markedly against the US dollar on Tuesday to reach the lowest level in over 16 years amid deepening concerns about the impact of the Donald Trump administration's sweeping tariff plan on the economy.
Apple may export more iPhones from India amid global uncertainties: Report
New Delhi, April 8: Tech giant Apple is planning to increase its iPhone exports from India to the United States in an effort to avoid the high tariffs placed on Chinese goods.
Tariff shock indicates 25bps rate cut, RBI stance may turn 'accommodative': Report
New Delhi, April 8: The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to “accommodative" to give directional easing bias, a report showed on Tuesday.
China decries US tariffs, calls them unilateral bullying practice, says it will fight till the end
Beijing, April 8: China decried the US tariffs imposed on the country to be "groundless" and called them a unilateral bullying practice, a spokesperson for China's Ministry of Commerce said on Tuesday (local time).
Trump threatens China with 50 per cent additional tariff, doubling total levies beyond product value
New York, April 8: President Donald Trump has threatened China with an additional 50 per cent tariff that would take the total levies to more than the value of products while doubling down on the global reciprocal tariffs.
British PM pledges support for auto industry, warning profound economic fallout from US tariffs
London, April 8: British Prime Minister Keir Starmer warned that newly imposed US tariffs on UK goods pose a serious threat to both the global economy and Britain's industrial base. He pledged urgent support for the domestic automotive sector in response to what he described as a changing world marked by "global instability."
We're not looking at that: US President Trump rules out pause on tariffs during negotiations
Washington DC, April 8: Amid the turmoil in the global markets following the tariff announcements made by the US, President Donald Trump has ruled out the possibility of a "pause" on the tariffs on countries during negotiations.
Trump threatens additional 50 pc tariffs on China amid escalating trade tensions
Washington, DC, April 7: US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
White House denies Trump mulling 90-day tariff pause, terms it fake news
Washington DC, April 7: The White House on Monday dismissed as "fake news" reports that US President Donald Trump is considering a 90-day pause on tariffs.
Don't be weak, don't be stupid, don't be a PANICAN...: Trump to people minutes before US markets opened
Washington DC, April 7: With stock markets globally taking a plunge due to his tariff decisions and the US stocks also feeling the impact, US President Donald Trump on Monday urged people not to be "weak, stupid" and said they should be "courageous and patient" and the result "will be greatness".
White House denies 90-day tariff pause: Report
Washington, April 7: The White House on Monday pushed back on reports about US President Donald Trump considering a 90-day pause in the implementation of his sweeping reciprocal tariffs, according to a news report.
Japan's PM speaks with US President by phone over tariffs
Tokyo, April 7: Japanese Prime Minister Shigeru Ishiba spoke with US President Donald Trump on the telephone on Monday night to discuss new US tariffs, local media reported.
US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi, April 7: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
Bloodbath at Pakistan Stock Exchange amid US-China trade war fears
Karachi, April 7: Pakistan Stock Exchange (PSX) nosedived Monday even as the trading was temporarily suspended for one hour to cool off market volatility and prevent panic selling. However, despite the one-hour gap, the market reopened only to fall further as US-imposed tariffs and China's retaliatory moves on goods triggered tensions in global markets.
Indian markets follow global sell-off amid tariff jitters, Nifty closes above 22,100
Mumbai, April 7: The Indian stock markets went through a major sell-off on Monday amid global crash, with domestic benchmark indices falling sharply – registering their biggest one-day fall since June 4 last year when the Lok Sabha election results were announced.
Seoul shares nosedive over 5.5 pc on panic selling sparked by Trump tariffs
Seoul, April 7: South Korean stocks nosedived more than 5.5 percent on Monday, extending their losing streak to a fourth consecutive day, as investors panicked over an escalating global trade war triggered by US reciprocal tariffs. The Korean won fell by the most since the COVID-19 pandemic against the U.S. dollar.
Why is Indian stock market crashing?
Mumbai, April 7: The Indian stock market faced a massive sell-off on Monday, as the escalating trade war between the United States (US) and China sent shockwaves through global financial markets.
China stocks on course for worst single-day crash since 2008 crisis
New Delhi, April 7: Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
World is in reset mode for 1st time since World War II: Experts on US tariffs
Mumbai, April 7: Even as the Indian stock market witnessed a sharp fall on Monday, market watchers said that investors have to also keep an eye on the retaliatory measures by the European Union (EU) and other countries in response to the US reciprocal tariffs.
Not going to lose a trillion dollars for the privilege of buying pencils from China, Trump takes a dig, justifies tariffs
Washington DC, April 7: US President Donald Trump made sharp remarks towards China as the US has implemented retaliatory tariffs with a goal of bridging the trade deficits with several countries. This has also impacted the stock markets.
Some nations like China may devaluate their currencies: Neelkanth Mishra on US tariffs
New Delhi, April 7: As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some countries like China will have no option but to devalue their currencies in the current scenario.
Sensex, Nifty tank over 3 pc as global trade war fear rises (Lead)
Mumbai, April 7: In a bloodbath on the Dalal Street, the stock markets plunged on Monday morning following the global sell-off, as the trade war fear increased amid impending US reciprocal tariffs.
They're dying to make deal: Trump stands firm on 'reciprocal tariffs'
Washington, April 7: As global stock markets plunged on Monday, US President Donald Trump defended his controversial tariff policies, dismissing concerns over the economic impact. He said that the world leaders are "dying to make a deal" to negotiate the reciprocal tariffs.
'TikTok deal was close; China changed because of tariffs': Trump
Washington, DC, April 7: US President Donald Trump said that the deal on TikTok was pretty close. However, he noted that China changed its mind due to tariffs.