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Trump, tariff and Asian countries

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President Donald Trump unveiled his long-promised reciprocal tariffs on nearly 200 countries on Wednesday, slapping at least a 10% tariff on all imported goods.
From Washington Examiner
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade wa...
From Reuters
European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced...
From Reuters

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Trump reciprocal tariffs: Biggest countries targeted in sprawling ‘Liberation Day’ move
The Trump administration slapped a 24% tariff on Japan, which follows a 25% tariff placed on all imported automobiles. Japan’s biggest export to the United States is vehicles, and the additional tariffs could place a major economic strain on one of the U.S.’s biggest allies.
Trump’s tariffs in numbers: The biggest losers amid escalating US trade war
World leaders were hit with an escalation in the US trade war as Donald Trump unveiled a swathe of tariffs on imported goods affecting nearly every country.On so-called “Liberation Day”, the United States president announced that almost all imported goods would be hit with blanket tariffs,
Trump's tariff list: Here's why Asian countries took the biggest hit
Besides China, which now faces a total tariff of 54%, Vietnam has been hit with 46%, Thailand with 37%, South Korea with 25%, and India with 27%.
Trump stokes trade war as world reels from tariff shock
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.
Americans’ Reactions to Trump’s Tariffs Range From Worried to Enthusiastic
Critics warned that the levies could fuel inflation and slow economic growth, while those who supported the move said it was long overdue.
These are the hardest-hit US trading partners under Trump’s tariffs
President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday, but about 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war.
European shares slump as investors grapple with tariff fallout
European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced by U.
With Trump’s Tariffs, the Chasm Between Allies and the U.S. Widens
President Trump announced sweeping levies on countries across the world. The tariffs create a dilemma for longstanding friends — and an opportunity for foes.
Oil slumps 6% on Trump tariffs, OPEC+ speeding up output hikes
Trump stokes trade war as world reels from tariff shock President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.

U.S. markets have biggest fall since 2020

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The tariffs news sent US stocks plummeting in after-hours trading Wednesday and caused Asian markets to fall shortly after opening on Thursday.
From CNN
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.
From The Financial Times
Countries seeking to sell goods to the United States will now face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
From NBC News

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Trump’s hefty tariffs send stock markets falling
Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
U.S. markets have biggest fall since 2020 amid fears of fallout from tariffs
Financial markets around the world reeled following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market took the worst of it.
Market Rundown: Markets are reeling from tariff impact
Markets around the world are sliding after President Trump stoked a global trade war with a 10% tariff on almost all U.S. imports, and far higher duties on many countries. That's likely to hit the supply chains of U.
Trump’s tariffs ignite steepest Wall Street sell-off since 2020 Covid crisis
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order. Wall Street stocks sustained heavy losses,
Trump Announces Sweeping New Tariffs. What’s Next
Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.
Trump imposes far-reaching new tariffs
President Donald Trump dramatically escalated his global trade war by announcing his most sweeping set of tariffs yet on goods from every country that trades with the United States.
Live updates: Trump's sweeping new tariffs send global stocks plunging as U.S. allies plan response
The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.
Trump tariffs live: Wall Street braced for heavy losses as dollar slumps on Trump tariffs
Wall Street was headed for heavy losses and the dollar slumped on Thursday, as investors bet that Donald Trump’s sweeping tariffs would result in pain for the US economy. The US currency fell 2.2 per cent against a basket of rivals by the early UK afternoon,
Dow drops 1,400 as US stocks lead worldwide sell-off after Trump's tariffs ignite a COVID-like shock
Trump was the "economy vote." So, as a pro-hater, I'm keeping track of Trump's economy right here. Every month. Enjoy! The president launched into another unexpected aside over the word “groceries.” The comedian on "mom brain,
Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020
Shares slid further in Europe and Asia and U.S. futures also fell Friday as investors counted the potential costs of U.S. President Donald Trump’s latest<a class="excerpt-read-more" href=" More
BBC on MSN22h
Faisal Islam: This is the biggest change to global trade in 100 years
The aim of the policy is to get the US trade deficit "back to zero". This is a total rewiring of the world economy. But shifting factories will take years. Tariffs at this scale on East Asia especially at 30 or 40% will hike prices of clothes, toys and electronics much more quickly. The question now is how the rest of the world responds.
Economists cut growth forecasts for Asia after Trump tariffs
Asia will bear brunt of new US tariffs which will drag on regional growth, say economists. Read more at straitstimes.com. Read more at straitstimes.com.
Factbox-Walmart, Best Buy, Nike's Major Supply Hubs in Asia
Here are some of the Asia suppliers for retailers.
Stock market today: Dow plunges 1,700 points, Nasdaq, S&P 500 pummeled in biggest rout since 2020
US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.
Sweeping tariffs threaten ‘Factory Asia’
But manufacturers and economists said new tariffs of between 32 and 49 per cent on many south-east Asian economies come as a much bigger shock, undermining the “China plus one” strategy of using them as a second export manufacturing base. “The tariffs hit ‘Factory Asia’ hard,” Citi analysts said in a research note.
Trump tariffs come after Trump's approval rating hits new low; stock futures sink
Trump announced sweeping tariffs Thursday, which caused markets to plummet, but the president believes they'll help the country going forward.
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