Donald Trump | DD News

April 16, 2025 10:13 AM

After Harvard rejects US demands, Trump adds new threat

U.S. President Donald Trump threatened to strip Harvard of its tax-exempt status on Tuesday and said the university should apologize, a day after it rejected what it called unlawful demands to overhaul academic programs or lose federal grants. Beginning with Columbia University, the Trump administration has rebuked universities across the country over their handling of the pro-Palestinian student protest movement that roiled campuses last year following the 2023 Hamas-led attack inside Israel a...

April 16, 2025 9:07 AM

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China's economy grew 5.4% in the first quarter from a year earlier, beating expectations, although trade tensions with the U.S. have clouded the outlook. Overnight, President Donald Trump ordered a probe into potential new tariffs on all U.S. crit...

A machine produces semiconductors on the production line of a semiconductor manufacturing enterprise in Binzhou, China, on January 20, 2025. Photo by Costfoto/NurPhoto via Getty Images/Files

April 15, 2025 11:57 AM

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed. The filings announce 21-day public comment periods and mark President Donald Trump's latest use of Section 232 of the Trade Expansion Act of 1962 as justification for so-called sectoral tariffs...

April 14, 2025 11:39 AM

China’s March exports jump in temporary boost as Trump 2.0 heaps pressure

China's exports rose sharply in March after factories rushed out shipments before the latest U.S. tariffs took effect, but an escalating Sino-U.S. trade war has darkened the outlook for factories and growth in the world's second-biggest economy. U.S. President Donald Trump has ratcheted up tariffs on Chinese goods to hefty levels that many economists say will profoundly impact global trade flows and business investment. Exports rose 12.4% year-on-year, a five-month high, handily beating the 4....

April 11, 2025 9:54 AM

Global stocks, dollar sink, bonds pummelled again as trade war roils markets

Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets. The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump's move to temporarily lower tariffs...

A investor pays attention to the stock market at a securities trading hall in Hangzhou, east China's Zhejiang province on April 8, 2025. Photo credit should read CFOTO/Future Publishing via Getty Images

April 9, 2025 8:57 AM

Stocks slide in Asia as recession fears pummel sentiment, oil hits four-year lows

Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets. The U.S. dollar fell against safe-haven currencies but the offshore yuan hit a record low of 7.4287 per dollar overnight. Fed fund futures jumped in early Asian trade to imply around 115 basis points of interest rate cuts this year, compared to 92 b...

April 8, 2025 7:45 PM

Trump set to sign executive orders to boost US coal

U.S. President Donald Trump will sign executive orders on Tuesday to boost the coal industry, a senior White House official and two sources told Reuters, in his latest action that runs counter to global efforts to curb carbon emissions. At the beginning of the century, coal generated more than half of U.S. power. Its share has sunk to less than 20%, according to the Energy Information Administration, as fracking and other drilling techniques have hiked production of U.S natural gas. Growth in s...

April 8, 2025 2:27 PM

US is starting to look like an emerging market after tariff shock, Euronext CEO says

The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known f...

April 8, 2025 9:13 AM

China criticises Trump tariff ‘blackmail’ as market turmoil settles

China said it would not bow to "blackmail" from the United States as a global trade war touched off by U.S. President Donald Trump's sweeping tariffs showed little sign of abating on Tuesday even as battered stock markets steadied. The rebuke came after Trump said he would impose an additional 50% duty on U.S. imports from the world's No.2 economy on Wednesday in response to Beijing's decision to match the 34% 'reciprocal' duties Trump initially unveiled last week. "The U.S. side's threat to e...

April 7, 2025 9:27 AM

Asian stocks dive as tariff tensions rise

Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in U.S. rates this year, pulling Treasury yields down sharply and hampering the dollar. The carnage came as President Donald Trump told reporters that investors would have to take their...