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Trump says US to emerge 'stronger' as markets tumble over tariffs
President Donald Trump acknowledged the shock brought by his tariffs onslaught Thursday, but said the US economy would emerge "far stronger," even as world markets tumbled. White House Press Secretary Karoline Leavitt also tried to reassure US markets, telling CNN: "To anyone on Wall Street this morning, I would say, 'Trust in President Trump.'
Iconic Paris hotel Lutetia taken over by Mandarin Oriental
The historic Lutetia hotel in Paris, occupied by the Nazis during World War II and after liberation serving as a welcome centre for concentration camp survivors, was on Thursday taken over by luxury hotel group Mandarin Oriental. Originally baptised with the Roman name for Paris, the hotel will be renamed Mandarin Oriental Lutetia from Thursday.
'Shocking': US tariffs worse than feared for Vietnamese exporters
At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by "shocking" trade tariffs imposed on Vietnam that could severely impact their business. "It's truly shocking," said Tran Nhu Tung, board chair at Thanh Cong, a factory in Ho Chi Minh City that makes clothes for DKNY and Walmart, among others.
Tesla sales fall again in Germany amid Musk backlash
Tesla sales plunged again in Germany last month even as the broader electric car market rebounded, data showed Thursday, the latest sign of a growing backlash against billionaire owner Elon Musk. Overall in March, the number of new vehicle registrations in Germany fell to 253,497, down 3.9 percent from a year earlier, the latest sign of weakness in the market.
India eyes opportunity despite Trump tariffs hit
India reacted cautiously on Thursday to US President Donald Trump's sweeping tariffs, with the government saying it was examining both "implications" and "opportunities" from the duty hikes. India's Department of Commerce said on Thursday it is "carefully examining the implications of the various measures".
Germany slams Trump tariffs, US tech titans in crosshairs
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans. US duties of 25 percent on imported cars also took effect Thursday, a huge blow for German titans like Volkswagen, Mercedes and BMW, for whom the United States is a major export market.
India says 'examining the implications' of US tariffs
India said Thursday it was "examining the implications" of sweeping US tariffs, saying it was eyeing "opportunities" after rival competitors were harder hit by US President Donald Trump's hike in duties.
Trump tariffs spark fears for Asian jobs, exporting sectors
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump's stinging tariffs could put jobs at risk and hammer key sectors of industry. Vietnam was hammered with huge tariffs of 46 percent as part of Trump's global trade blitz, which sent shares tumbling more than seven percent in Hanoi on Thursday.
Nintendo Switch 2 sparks excitement despite high price
Nintendo fans excited over the upcoming Switch console said Thursday they were disappointed by the high price tag, as US tariffs bite. Some media reported that export data shows Nintendo has been amassing an inventory of the new Switch in the United States to get ahead of the tariffs.
AFP
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