reciprocal 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 7, 2025 3:39 PM

Watch for global retaliation to Trump tariffs, say experts, as markets slide

Investors should closely monitor potential retaliatory measures from the European Union and other nations in response to the reciprocal tariffs imposed by U.S. President Donald Trump, experts warned on Monday. The caution came as Indian stock markets witnessed a sharp decline, triggered by a broader global sell-off fueled by escalating trade tensions. Economist Pankaj Jaiswal told IANS, “The world is in reset mode for the first time since World War II, due to which stock markets globally, inc...

April 7, 2025 3:23 PM

They’re Dying to Make a Deal: Trump Stands Firm on ‘Reciprocal Tariffs’

As global stock markets plunged on Monday, US President Donald Trump defended his controversial tariff policies, dismissing concerns over their economic impact. He said that world leaders are "dying to make a deal" to negotiate the reciprocal tariffs. With Asian markets opening to significant losses and US futures signaling further declines, Trump sought to downplay fears, suggesting that the market pain caused by his tariffs was a necessary "medicine" to fix longstanding trade imbalances. On ...