Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock
- Asian shares fell due to US President Donald Trump's new tariffs, with the Thai index dropping 3.15% before a holiday weekend.
- Trump approved tariffs of up to 46% on countries like China, Japan, and Thailand, effective April 9.
- China plans to retaliate against Trump's tariffs, potentially threatening bilateral trade between the two major economies.
- Thailand's economy may suffer losses of 359 billion baht due to these US tariffs, reducing GDP by approximately 1.93%, according to the University of the Thai Chamber of Commerce.
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45 Articles
45 Articles
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Left
6
Center
10
Right
11
Coverage Details
Total News Sources45
Leaning Left6Leaning Right11Center10Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 22%
C 37%
R 41%
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