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Trump stuns with tariff backtrack but hikes China rate to 125%
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. - China duel - Markets have been on a rollercoaster ride since Trump's announcement of sweeping global tariffs one week ago on what he called "Liberation Day" before his dramatic pause on Wednesday.
Art of the deal? How Trump backed down on tariffs
It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post. Lutnick posted that he and Bessent "sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency."
Amazon to launch first batch of satellites rivaling Musk
The US retail giant Amazon is preparing to launch Wednesday its first full batch of Project Kuiper satellites, marking a crucial milestone in the battle with Elon Musk's Starlink to provide high-speed internet. With this launch, Amazon is going into direct competition with SpaceX's Starlink and other satellite internet providers.
Who stands in the crosshairs of Trump's tariffs?
With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China. Here is a rundown of what tariffs Trump has implemented in his second presidency, as a trade fight between Washington and Beijing again heats up.
Strength in numbers: Latin America urges unity in face of Trump tariffs
Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought. Trump's tariffs on imports of non-US products, some of them suspended and altered numerous times, threaten economic disruption for CELAC economies.
Tariff war could cut US-China goods trade by 80 percent: WTO chief
The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raised tariffs on China to 125 percent on Wednesday as the world's two largest economies fought over retaliatory levies.
Argentina braces for 24-hour strike as it awaits news on IMF loan
Argentina is bracing for fresh austerity protests Wednesday, with a 24-hour general strike slated to start at midnight against President Javier Milei, who remains focused on Washington and a new IMF loan. Thursday's labor action will be the third general strike in budget-slashing Milei's 16-month-old presidency, and was called by unions to protest his brand of "chainsaw" austerity.
Volkswagen says first-quarter profits impacted by Trump tariffs
German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit. Trump last month announced a 25-percent tariff on autos imported to the United States, which is the number one destination for German car exports.
Trump tells US to 'be cool' as China, EU strike back
US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.
AFP
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