US EditionAsian Markets Mixed as Trump Dials Down After EU Tariff Threat
- On Friday, U.S. Markets declined as President Donald Trump threatened new tariffs on European Union imports and smartphones.
- Trump issued these tariff threats due to stalled negotiations with the EU and criticized companies like Apple for overseas production.
- The tariffs could impose up to 50% on EU goods and 25% on smartphones, prompting sharp declines in major indexes and a 3% drop in Apple shares.
- Economists and companies warned tariffs would raise consumer prices, while the EU expressed readiness to negotiate in good faith, emphasizing trade must avoid threats.
- These developments suggest ongoing trade tensions could affect global markets and consumer costs, with potential impacts on U.S. Manufacturing and fiscal policy goals.
216 Articles
216 Articles
PHL shares inch lower on renewed trade concerns - BusinessWorld Online
PHILIPPINE STOCKS went down on Monday as investors sold index stocks and amid renewed uncertainty caused by the Trump administration’s tariff threat versus the European Union (EU). The bellwether Philippine Stock Exchange index (PSEi) fell by 0.36% or 23.16 points to close at 6,389.94, while the broader all shares index declined by 0.24% or 9.15 points to 3,737.64. “The local market closed lower this Monday as investors exited from index heavywe…
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Asian markets mixed as Trump dials down after EU tariff threat
Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.
Trump's Tariffs: One More Hit on an Increasingly Impoverished World Middle Class · Global Voices
It has not been an earthquake, but the shock is just as palpable. The renewed tariff agenda of the Trump administration threatens to have a direct impact on the poorest countries and the working classes, in a world that is just beginning to catch up after a succession of global crises: a pandemic, a prolonged war in Europe and inflation that has resisted giving way. Now, after years of instability, the Republican tycoon returns to the stage with…
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