US stock markets rise on Trump tariff rollback
US stock markets rose on Monday after the White House said tariffs on imports of Chinese-made smartphones and some other electronics devices would not apply.
GLOBAL ECONOMIES
Tariffs on imported semiconductor chips coming soon, Trump says.
The Trump administration has indicated it will develop a new suite of tariffs on the semiconductor industry
Smartphones and computers are now exempt from Trump’s latest tariffs.
The tariff exemption would have a major impact on tech giants like Apple, which make iPhones and other products in China.
U.S. Tariffs Could Destroy Global Economic Order – Japanese PM Warns
Japanese Prime Minister Shigeru Ishiba stated that the US tariffs could disrupt the global economic order. They must become the subject of negotiations, Reuters reports.
China strikes back with 125% tariffs on U.S. goods as trade war intensifies.
The move comes in response to President Donald Trump’s decision to ramp up duties on Chinese goods to 145 percent
Trump tariff pause brings relief for global stock markets.
Earlier this month, the US president announced a “baseline” tariff of 10% on all countries, with higher rates for the “worst offenders”
China retaliates with 84% tariffs on US goods as Trump trade war rattles markets.
China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%.
Trump’s reciprocal tariffs plan kicks in, China to see net total tariffs of 104%.
A White House official has confirmed that the US will enforce a 104 per cent tariff on China beginning at 12:01 am ET (0401 GMT) on Wednesday (April 8), according to a report by Reuters.
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs.
China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports.
EU Commission proposes 25% counter-tariffs on some US imports.
The European Commission on Monday proposed counter-tariffs of 25% on a range of American goods in response to President Donald Trump’s tariffs on steel and aluminum, according to media reports.