skip to content
Trending
Advertisement
Live now

Trump Tariff LIVE Updates | Trump’s latest reciprocal tariffs come into effect, deepening global trade war

Global Stock Market Crash News, Donald Trump Tariff Policy LIVE Updates: China has pledged to “fight to the end” if there is a trade war after Trump threatened to further increase tariffs if Beijing does not withdraw retaliatory levies of 104 percent on US goods.

Donald TrumpUS Stock Market Donald Trump Tariff Live Updates: Trump’s announcement on Wednesday sent shockwaves through global stock markets. (Reuters)

Donald Trump Tariff Policy News LIVE Updates:  US President Donald Trump’s latest reciprocal tariffs have come into effect on Wednesday as stock markets across the world have plunged to record low level. Earlier, Asian markets edged higher after a turbulent start to the week, as investors reacted to Trump’s threat to impose an additional 50% tariff on Chinese goods unless Beijing rolls back its retaliatory 34% levies. China vowed to “fight to the end” if a trade war escalates, while European stocks also opened stronger amid signals from the EU of a willingness to negotiate a tariff-free trade pact with Washington.

Trade war? Donald Trump has already imposed a 10% tariff on nearly all imports into the US, with targeted tariffs of up to 50% on key trading partners set to take effect on Wednesday. In response, China has refused to yield, labelling the moves as “blackmail” and vowing to “fight to the end” after Trump threatened to escalate tariffs to 104% following Beijing’s reciprocal measures. Despite the tough rhetoric, Trump signalled that a resolution could still be on the table. “China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for their call. It will happen!” he posted on social media. Meanwhile, dozens of countries are offering trade concessions in an attempt to avoid the looming tariffs, with the Trump administration confirming it has already initiated talks with several nations, including Japan, Indonesia, Thailand and South Korea.

Story continues below this ad

Zero for Zero: The European Union, also targeted by Trump’s sweeping tariffs, has proposed 25% countermeasures on US goods but signalled its willingness to pursue a “zero-for-zero” deal—eliminating tariffs on both sides—while warning it will “not wait endlessly” to defend its interests. EU Trade Commissioner Maros Šefčovič acknowledged that negotiations are still in early stages, noting the US views tariffs as a corrective rather than tactical measure. European Commission President Ursula von der Leyen confirmed the zero-tariff proposal remains on the table, but Trump dismissed the offer, stating, “The European Union’s been very bad to us… They’re going to have to buy their energy from us.”

Live Updates
09:49 (IST) 9 Apr 2025
Donald Trump Tariff Live Updates: Indian pharma stocks decline after Trump threatens 'major pharmaceutical tariffs'

Indian pharmaceutical stocks fell 1.7% on Wednesday after US President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports. U.S. accounts for a third of India's overall pharma exports.

Trump also threatened the duties on Friday, after his first set of reciprocal tariffs earlier last week exempted pharma products -- a change in stance that had prompted a wild swing in pharma stocks.

On the day, all twenty constituents of the pharma index were lower, with the index dragging down the benchmark Nifty 50 by about 0.52% as of 9:20 a.m. IST. Gland Pharma, Lupin and Zydus Lifesciences were the top losers by percentage, down between 3% and 5%.

Sun Pharma and Cipla, the top constituents by weight, fell 1.69% and 1.87%, respectively. India's pharma exports to the US mostly comprise generics, or cheaper versions of popular drugs. These currently attract almost no US levies, while India imposes about 10% tax on US pharma imports, according to industry experts. (Reuters)

09:46 (IST) 9 Apr 2025
Donald Trump Tariff Live Updates: Global market sell-off resumes after brief respite as Trump's latest reciprocal tariffs come into effect

US President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations. Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward.

The S&P 500 has shed nearly $6 trillion in value since Trump unveiled the tariffs a week ago, the deepest four-day loss since the benchmark's creation in the 1950s. The index is now nearing a bear market, defined as 20% below its most recent high.

A sell-off across Asian markets resumed on Wednesday after a brief respite, with Japan's Nikkei down over 3% and South Korea's won currency sliding to a more than 16-year low. US stock futures also pointed to a fifth straight day of losses on Wall Street. (AP)

20:03 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Markets recap - Key updates from a surging day globally

📌Global stock markets rallied strongly, rebounding from recent losses on hopes that some of Trump’s new tariffs could be negotiated away.

📌On Wall Street, the S&P 500 rose by 3.3%, the Dow Jones surged by 3.6% (1,380 points), and the Nasdaq climbed 3.7%.

📌China maintained a defiant stance, declaring it would "fight to the end" if the US continued escalating the trade war.

📌US Treasury Secretary Scott Bessent stated that other countries were more willing to negotiate than China, and suggested some tariffs might remain even if deals are reached.

📌In Asia, China’s CSI 300 index gained 1.7%, and Japan’s Nikkei jumped 6%.

📌In Europe, the UK’s FTSE 100 climbed 3.5%, its best day since February 2022, while the Stoxx 600 index rose 3.4%, the strongest performance since March 2022.

📌Markets are anticipating a possible interest rate cut by the Bank of England next month, with some suggesting a chance of a larger-than-usual cut.

📌UK Chancellor Rachel Reeves said the UK is pursuing a new trade deal with the US and confirmed she would soon meet with Scott Bessent. She also reassured Parliament that the banking system remains stable, quoting BoE Governor Andrew Bailey.

19:55 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Wall Street is rebounding

Boom! US stocks are off to a flying start this morning, as hopes rise that recent tariff tensions could be dialled down through diplomacy.

The S&P 500 has soared by 3.3%, leaping 169 points to 5,232 in early trading. The Dow Jones Industrial Average surged by a staggering 1,380 points—or 3.6%—to 39,346. Meanwhile, the tech-heavy Nasdaq isn’t far behind, jumping 3.7%.

This rally offers a much-needed dose of relief for investors still reeling from last week’s steep sell-off, which saw share prices tumble on Thursday and Friday amid fears of a full-blown trade war.

Monday had been a mixed bag—volatile throughout—with the Dow closing down 0.9%, the S&P 500 slipping 0.2%, and the Nasdaq eking out a modest 0.1% gain.

Today's bounce appears to be fuelled by growing optimism that at least some of President Donald Trump’s sweeping tariffs, announced last week, might be scaled back through talks. Several countries are reportedly reaching out to the White House, signalling a willingness to negotiate.

However, Trump himself struck a less hopeful note just moments ago, posting that he’s “still waiting for the phone to ring from Beijing.”

17:30 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Tariff talks are not a result of sliding markets - US Treasury Secretary

US Treasury Secretary Scott Bessent said Tuesday that ongoing tariff negotiations stem from outreach by other countries, not from pressure caused by falling markets.

“Everything is on the table,” Bessent told CNBC, adding that President Donald Trump will be personally involved in the talks.

16:20 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Indonesia cuts US import taxes ahead of Washington talks

Indonesia has announced significant concessions on US imports—including slashing taxes on steel, electronics, and health equipment—as it prepares to send a top-level delegation to Washington next week. The move comes just before a 32% US tariff on Indonesian goods is set to take effect.

Chief Economic Minister Airlangga Hartarto, who will lead the talks, said the country also plans to boost US purchases of LPG, LNG, and soybeans in a bid to ease trade tensions. Finance Minister Sri Mulyani confirmed that import duties on select US goods will drop to between 0–5%, down from the previous 5–10%.

Despite the diplomatic effort, Indonesia’s markets took a hit, with the Jakarta Composite Index plunging 7.9% to its lowest level since 2011.

16:04 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Months after Trump threat, Pentagon's Hegseth to visit Panama Canal

US Defense Secretary Pete Hegseth arrived in Panama on Tuesday for a rare visit aimed at reaffirming American interests in the strategically vital Panama Canal, amid tensions fueled by President Donald Trump's threats to "take back" the canal. The visit comes as Panama distances itself from Chinese influence, including its recent withdrawal from the Belt and Road Initiative. President Jose Raul Mulino has aligned with Trump’s migration crackdown and defended Panama’s handling of the canal, declaring it “is, and will continue to be, Panamanian.”

US concerns over China’s growing commercial footprint near the canal persist, especially with plans for a Chinese-built bridge and surveillance risks. Trump recently celebrated a US firm’s acquisition of major ports flanking the canal, calling it a step toward "reclaiming" it. Hegseth, a staunch Trump ally, has made no public remarks yet. (Reuters)

15:20 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: European shares rise after four-day pullback

European shares bounced back from 14-month lows on Tuesday following four consecutive sessions of sharp declines, though investor sentiment remained fragile amid ongoing tariff concerns.

The pan-European STOXX 600 climbed 1.1% by 0748 GMT, recovering slightly after plunging 12.1% over the past four sessions as fears of a global recession mounted due to the escalating trade war. As of Monday's close, the index was down 17.9% from its record high set on March 3.

Germany’s benchmark also rose 1.1%, narrowly avoiding confirmation of a bear market in the previous session.

Investors turned to defence stocks—this year’s best-performing sector—pushing the sector index up by 3.3%. Bank stocks, recently hit by concerns over slowing growth, also saw a 1% gain.

Dutch chip equipment giant ASML and German industrial heavyweight Siemens rose 3.9% and 3.6% respectively, emerging as key contributors to the STOXX’s gains. (Reuters)

14:38 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: EU's von der Leyen calls for China to ensure 'responsible' tariff response

EU Commission President Ursula von der Leyen on Tuesday urged China to work towards a negotiated resolution to the challenges stemming from the sweeping import tariffs imposed by US President Donald Trump.

During a phone conversation with Chinese Prime Minister Li Qiang, von der Leyen "stressed the responsibility of Europe and China, as two of world's largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field," according to a statement from her office.

The two leaders also talked about establishing a mechanism to monitor potential trade diversion resulting from the US tariffs, amid EU concerns that China may reroute its cheap exports from the American market to Europe, von der Leyen's office added. (Reuters)

11:57 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: What has JPMorgan CEO Jamie Dimon said about Trump's tariff?

After US President Donald Trump announced reciprocal tariffs on all its global trading partners, ranging between 10% to 50% and threatening China with additional tariffs, JPMorgan CEO Jamie Dimon said it will increase the prices of both domestic and imported goods, weighing down US' economy.

"Whatever you think of the legitimate reasons for the newly announced tariffs—and, of course, there are some—or the long-term effect, good or bad, there are likely to be important short-term effects. As for the short-term, we are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products," JPMorgan CEO Dimon said.

"How this plays out on different products will partially depend on their substitutability and price elasticity. Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth," Dimon further added.

11:49 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Smartphone makers not ‘overly concerned’ on US tariffs, talks with Centre ongoing, say official

Smartphone manufacturers like Apple and Samsung, who assemble a portion of their handsets in India, are not “overly concerned” about the 26 per cent reciprocal tariff rate that the United States has imposed on New Delhi yet, but discussions between the companies and the government are ongoing given the dynamic nature of the development, a top government official said.

Responding to a question by The Indian Express on the potential impact that smartphone makers could face in India, owing to the tariffs imposed on the country along with China and Vietnam, IT Secretary S Krishnan said, “We have been in regular consultation with manufacturers in India, and certainly within the sector (smartphone makers), we are speaking to them on an ongoing basis. They are not overly concerned right now”.

On April 2, US President Donald Trump announced “retaliatory” tariffs on a slew of countries, demolishing an over 75-year-old global trading system with the imposition of an across-the-board baseline levy. India was slapped with a 26 per cent levy, while key competitors in tech manufacturing like China and Vietnam have received much higher rates.

(Read full report)

11:48 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Asian stocks zoom in early trade as hopes of Trump tariff negotiations gain pace

Asian stocks bounced and US stock futures were markedly higher Tuesday, as markets took a break from panic selling after hitting 1-1/2-year lows on hopes that Washington may indeed be willing to negotiate some of its aggressive tariffs.

Yields of US Treasury, a safe-haven asset, continued rising after plumbing a six-month low. Gold was near a 2-1/2-week low, while crude oil recovered from a nearly four-year low, as traders began shifting back to riskier assets from traditional safe havens.

Leading the rebound was Japan’s Nikkei 225, up 5.6 per cent, with Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer tasked with leading trade negotiations with US ally Tokyo.

(Read full report)

11:35 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Taiwan says it can have negotiations with US any time on tariffs

Taiwan can have negotiations with the United States at any time on the tariffs issue, Foreign Minister Lin Chia-lung said on Tuesday, a day after the island's stock market plummeted on trade fears. Major semiconductor producer Taiwan, hit with a 32% duty, was singled out by US President Donald Trump as among the US trading partners with one of the highest trade surpluses with the country.

Taiwan President Lai Ching-te on Sunday proposed a zero-tariffs regime with the United States, and to invest more in the country and remove trade barriers.

Speaking to reporters on the sidelines of parliament, Lin said that Taiwan was ready to talk about a variety of issues with the United States, including investment in and purchases from the country and non-tariff barriers.

"As long as there is a confirmed time and method for negotiations, they can be discussed at any time with the United States," he added. Premier Cho Jung-tai, also speaking at parliament, said Taiwan was indeed one of those US trading partners seeking talks and the government would choose an appropriate time to present Lai's plans to the United States.

Cho declined to give details of talks with the United States, Taiwan's most important international backer despite the lack of formal diplomatic ties.

- Reuters

10:55 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Singapore PM says US universal tariff doesn't look open for negotiation

Singapore Prime Minister Lawrence Wong on Tuesday said a 10% universal tariff rate imposed by U.S. President Donald Trump does not look open for negotiation. Wong told parliament on Tuesday, adding Singapore would not impose retaliatory tariffs.

10:23 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Mexico weighs increasing fracking to reduce reliance on US gas

Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday. Imports, which are almost entirely from the United States, meet 72% of the total demand for natural gas consumed in Mexico.

Any policy change to effect the expansion in fracking could, however, take months to materialise with the discussions still being at a preliminary stage, the FT said, citing four executives with knowledge of the discussions, who added that companies are interested in investing.

RBN Energy, a market advisory service, wrote in a recent note that U.S. imports, mostly from the Permian and the Eagle Ford Basins, have increased threefold over the past decade. Mexico's own production has declined rapidly, it noted, adding that much of its gas is considered unusable because of the high nitrogen content.

Mexico has already been weighing measures to double its strategic natural gas storage capacity over fears that U.S. President Donald Trump could use the country's dependence on U.S. gas as some form of leverage.

- Reuters

10:04 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: China, Hong Kong stocks rise with regional markets, Beijing support

China and Hong Kong stocks regained some ground on Tuesday, steadying in the wake of stronger regional markets and government-led support after a brutal selloff triggered by concerns over trade tariffs. China's blue-chip CSI 300 Index climbed 1% and the Shanghai Composite Index gained 0.9% at midday trading break, after both slid more than 7% on Monday.

Hong Kong's Hang Seng Index rose 1.6% after slumping 13.2% in the previous session, its steepest decline since the 1997 Asian Financial Crisis. The Hang Seng Tech Index added 3.6%, after plummeting 17% on Monday. Beijing has publicly stepped up efforts to stabilise the market after U.S. President Donald Trump slapped a 34% tariff on China last week, while China responded with 34% levies on U.S. imports.

On Tuesday, China vowed not to bow to "blackmail" from the United States 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 duties Trump unveiled last week.

Sovereign fund Central Huijin Investment, dubbed the "national team", said it has bought China-listed shares via exchange-traded funds and will continue to increase holdings to "safeguard the smooth operation of the capital market."

ETFs known to be favoured by Huijin, including Harvest CSI 300 ETF, ChinaAMC CSI 300 ETF and E Fund SSE 50 ETF, all saw trading volumes spike to their highest in a year on Monday.

- Reuters

09:39 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: China says it will 'fight to the end' after Trump threatens to impose still more tariffs

China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a typical unilateral bullying practice.” China, the world's second-largest economy, has taken retaliatory tariffs and the ministry hinted in its latest statement that more may be coming.

“The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said. “The U.S. threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end," it added.

Trump's threat Monday of additional tariffs on China raised fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Stock markets from Tokyo to New York have become more unstable as the tariff war worsens.

Trump’s threat came after China said it would retaliate against U.S. tariffs he announced last week.“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote on Truth Social.

“Additionally, all talks with China concerning their requested meetings with us will be terminated!” If Trump implements his new tariffs on Chinese products, U.S. tariffs on Chinese goods would reach a combined 104%.

- AP

08:46 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Hong Kong leader says city will sign more free trade pacts amid 'ruthless' US tariffs

Hong Kong leader John Lee said on Tuesday the city would sign more free trade pacts to diversify its risk amid a global trade war triggered by what he called "ruthless" U.S. tariffs that he said were disrupting the world economic and trade order.

"The U.S. no longer adheres to free trade, arbitrarily undermining the internationally established rules of world trade, and its ruthless behaviour damages global and multilateral trade," Lee, who was sanctioned by the U.S. in 2020 for his role in the rights crackdown in Hong Kong, told reporters.

Hong Kong, as an international trade hub, will be affected by U.S. tariffs in the short term but Lee said it would continue to remain a free port, with the city not planning to impose any retaliatory tariffs on the U.S. right now. The latest additional U.S. tariffs of 34 percent that were imposed on China also apply to Hong Kong -- which is no longer considered a separate trading entity by Washington amid a years-long crackdown under a sweeping national security law.

This coupled with an earlier 20 percent tariff, means combined U.S. tariffs on Hong Kong goods are now 54%, Lee said. In terms of mitigation, Lee said Hong Kong would seek to bolster trade and business linkages elsewhere including more free trade agreements in areas such as South East Asia and the Middle East. New Hong Kong trade offices would also be set up in Egypt, Turkey and Cambodia, he added.

- Reuters

08:07 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: China threatens ‘countermeasure’ against Trump’s warning to impose 50% additional tariff on Beijing

China has threatened to carry out “resolute counter measures” against the threat of additional 50% tariff on Chinese imports by the US President Donald Trump as Beijing said that it was “to safeguard its own rights and interests”.

China’s Commerce Ministry in a statement said that US‘ imposition of “so-called ‘reciprocal tariffs’ on China is completely groundless and is a typical unilateral bullying practice,” Associated Press reported.

President Trump threatened additional tariffs on China on Monday as the latter had announced its own reciprocal tariffs of 34% on US goods, to be implemented from April 10 in response to the tariffs announced by the US president on all its global trading partners.

(Read full report)

07:23 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Taiwan says it can have negotiations with US any time on tariffs

Taiwan can have negotiations with the United States at any time on the tariffs issue, Foreign Minister Lin Chia-lung said on Tuesday, as the island's stock market pared losses having plummeted the previous day on trade fears. Major semiconductor producer Taiwan, hit with a 32% duty, was singled out by U.S. President Donald Trump as among the U.S. trading partners with one of the highest trade surpluses with the country.

Speaking to reporters on the sidelines of parliament, Lin said that Taiwan is ready to talk about a variety of issues with the United States, including investment in and purchases from the country and non-tariff barriers. "As long as there is a confirmed time and method for negotiations, they can be discussed at any time with the United States," he added.

Taiwan's benchmark stock index, which logged its worst fall ever on Monday, down almost 10%, made up some of those losses on Tuesday morning, falling around 3%. Shares in TSMC, the world's largest contract chipmaker, also pared its losses, dropped around 1% on Tuesday morning.

- Reuters

06:59 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: China threatens to 'resolutely take countermeasures' in response to Trump's threat of additional 50% tariff

China has threatened to take countermeasures in response to US President's threat of additional 50% tariff on Chinese goods, as the tariff war continues as global markets plunge.

Trump had earlier announced 34% reciprocal tariffs on Chine products which are being imported in the US. In response to it, China also announced 34% tariff on US goods which it said would go into effect from April 10.

Now, China has said that it would "resolutely take countermeasures" against US President Donald Trump's administration planning to impose an additional 50% tariff.

05:36 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Levi Strauss warns of tariff pain in 2025, maintains annual forecast

Levi Strauss on Monday warned that the Trump administration's tariffs would materially hurt its results in fiscal 2025, but maintained its annual forecast for sales and profit. Still, shares of the denim maker, which is shoring up margins by cutting costs and selling more full-price apparel, rose 5% in extended trading. Levi did not account for an impact to its annual forecasts from recent tariffs.

"Given that the situation is fluid and unprecedented, the (tariff) impacts are uncertain," CFO Harmit Singh said on a post-earnings call. The comments come as a sharp shift in stance for the company, which had said in January that a diverse supply chain across 25 countries would allow it cross-source products, unlike retailers such as Nike and Target.

"Levi Strauss' unchanged forecast shows the sheer impossibility of planning ahead, as uncertainty surrounding Trump's tariff moves paralyzes brands," said eMarketer analyst Rachel Wolff. Sweeping tariffs by President Donald Trump have sparked concerns over a global downturn and sharp price hikes for items such as clothing and footwear.

Levi imports only about 1% of its merchandise directly from China into the U.S., while that for Mexico was about 5%, its executives said in January.

- Reuters

04:37 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Trump threatens more tariffs on China as global markets shudder over how much pain economy can take

Undeterred by a panicked stock market, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Trump's threat came after China said it would retaliate against U.S. tariffs he announced last week.

“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!”

The U.S. president has shown few signs of backing down on tariffs despite the mounting pressure in the financial markets. His commitment to tariffs could have devastating effects for the global economy, even though Trump is banking that it will ultimately pay off with manufacturing jobs. Asked Monday if he would consider a pause on his widespread tariffs, Trump said, “We’re not looking at that.”

The U.S. president said he was open to negotiations “if we can make a really fair deal and a good deal for the United States.” Trump added that it’s possible to have both negotiated settlements with other countries and permanent tariffs. Even as Israeli Prime Minister Benjamin Netanyahu said his country would take its tariffs against U.S. goods to zero, Trump was noncommittal about removing the new import taxes placed on an ally.

The White House also said Monday that Trump would veto a Senate bill that would mandate congressional approval for new tariffs, a bet that the critical mass of Republican lawmakers will loyally back him despite the economic and political risks.

- AP

02:01 (IST) 8 Apr 2025
Donald Trump Tariff Live Updates: Oval office meeting between Trump and Netanyahu comes to a close

The Oval Office meeting between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu has concluded. Key takeaways from the meeting include

  • Talks with Iran: Trump confirmed direct talks with Iran over its nuclear program will take place on Saturday, but refused to disclose the location, stating only that they will be "top level".
  • Tariffs: Trump claimed that virtually every country wants to negotiate on tariffs, mentioning that even Netanyahu wanted to discuss a "free base" in their talks.
  • Ukraine Conflict: Trump expressed discontent over Russia's ongoing strikes in Ukraine, stating he's "not happy" about the situation and hopes for successful talks to convince Iran to abandon its nuclear program.

    • (Inputs from The Guardian)

    01:52 (IST) 8 Apr 2025
    Donald Trump Tariff Live Updates: Trump warns Iran of 'great danger' if nuclear talks fail

    Donald Trump cautioned that Iran would face significant consequences if ongoing direct talks between the US and Iran fail to yield an agreement. "I think if the talks aren't successful with Iran, I think Iran's going to be in great danger," Trump said, emphasizing that Iran cannot possess nuclear weapons. He added that an unsuccessful negotiation would result in "a very bad day for Iran", underscoring the gravity of the situation.

    01:36 (IST) 8 Apr 2025
    'Doing a deal would be preferable': Trump announces direct talks with Iran over nuclear program

    President Donald Trump revealed that the US has initiated direct talks with Iran regarding its nuclear program, with a significant meeting scheduled for Saturday. Trump expressed optimism about the potential success of these talks, stating, "Hopefully those talks will be successful. And I think it would be in Iran's best interests if they are successful." This development comes after Iran initially rejected Trump's proposal for direct negotiations, instead suggesting indirect talks.

    (with inputs from CNN)

    01:04 (IST) 8 Apr 2025
    Donald Trump Tariff Live Updates: Donald Trump Tariff Live Updates: Netanyahu pledges to eliminate US trade deficit

    Israeli Prime Minister Benjamin Netanyahu has stated that his country aims to eliminate its trade deficit with the United States. During a White House meeting with President Trump, Netanyahu emphasized the importance of reducing trade barriers and acknowledged the current system's problems for the US.

    He expressed optimism that Israel could serve as a model for other countries in this regard. This development comes as the US has imposed a 17% tariff on Israeli exports as part of Trump's "Liberation Day" economic plan, citing a significant trade deficit with Israel. -BBC

    00:33 (IST) 8 Apr 2025
    Donald Trump Tariff Live Updates: US and Japan to launch trade negotiations

    US Treasury Secretary Scott Bessent announced that he has been tasked with opening trade negotiations with Japan, following a constructive phone discussion between the two governments. According to Bessent's post on X, "Japan remains among America’s closest allies, and I look forward to our upcoming productive engagement regarding tariffs, non-tariff trade barriers, currency issues, and government subsidies".

    This development is part of a broader effort, with over 50 countries reportedly reaching out to the US to engage in trade talks. Bessent expressed optimism, stating, "We look forward to meaningful negotiations with them over the coming weeks".

    00:25 (IST) 8 Apr 2025
    Donald Trump Tariff Live Updates: Republicans hold veto power over Trump's tariffs

    X post from Hillary Clinton regarding Republicans blocking Trump's tariff plans.

    23:44 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: White House confirms China new tariffs equal 104%

    The White House has confirmed new tariffs on Chinese goods, with President Trump's latest threat of 50% duties bringing the total tariff rate to 104%.

    Here's the breakdown

  • 50% new tariff: Trump's latest threat on imports from China
  • Two rounds of 10% tariffs: Imposed due to China's alleged inaction on curbing fentanyl flow, totaling 20%
  • 10% all-nations baseline tariff: Recently implemented
  • 34% tit-for-tat tariff: Scheduled to take effect

    • Additionally, pre-existing tariffs imposed during Trump's first term, ranging from 7.5% to 25% on Chinese goods, are still in place. These tariffs could significantly impact US businesses and consumers, potentially triggering a recession, according to Goldman Sachs.

    (with inputs from NBC)

    23:08 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: White House cancels press meet with Netanyahu

    The White House has canceled the joint press conference between Donald Trump and Benjamin Netanyahu without giving a reason. Instead, the two leaders will take questions from a smaller group of reporters in the Oval Office. Netanyahu has arrived at the White House for meetings with Trump, marking his second audience with the US president in his second term.

    (Inputs from agencies)

    22:31 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump orders review of Japanese steelmaker's bid for US steel

    Donald Trump has directed the Committee on Foreign Investment in the United States to review Nippon Steel's $15 billion proposed acquisition of US Steel within 45 days.

    The deal was previously blocked by Joe Biden on national security grounds, prompting both companies to sue CFIUS, alleging unfair consideration. Trump's review could potentially revive the deal, with US Steel's share price surging over 13% following the news.

    22:01 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump's tariff threat,104% tax on Chinese goods looms

    Donald Trump's latest threat to impose an additional 50% tariff on Chinese goods could bring the total tax rate on some imports to 104%, roughly doubling their cost in a matter of months. This potential hike comes on top of the existing 20% tariff imposed since January and the 34% retaliatory tariff announced last week.

    Trump's aggressive tariff strategy has sent shockwaves through global markets, with economists warning of chaos for businesses and potential long-term damage to the economy. Trump's history of escalatory threats, including a 200% tax on European alcohol and 50% tariffs on Canadian steel and aluminum, has raised questions about the likelihood of negotiations with China.

    (Inputs from BBC)

    21:02 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump threatens additional 50% tariff on China amid trade tensions

    US President Donald Trump has warned China that the US will impose an additional 50% tariff on Chinese goods if China doesn't withdraw its 34% retaliatory tariffs by April 8, 2025. Trump stated on his Truth Social platform, "Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation."

    He added that if China doesn't backtrack, the US will impose "ADDITIONAL Tariffs on China of 50%, effective April 9th". Trump also threatened to terminate all talks with China concerning requested meetings, saying, "all talks with China concerning their requested meetings with us will be terminated!".

    18:40 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Billionaire Trump supporter Bill Ackman warns of 'self-induced economic nuclear winter'

    Bill Ackman, a billionaire supporter of Donald Trump, has urged the president to pause his trade war, warning that the current tariff policies could lead to severe economic consequences. In a post on X, Ackman stated, "The president has launched economic nuclear war on every country in the world."

    He emphasized the need for negotiation, saying, "The president has an opportunity to call a 90-day time out. If, on the other hand.we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books."

    18:15 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: UK relaxes electric vehicle targets to support automakers amid US tariffs

    The British government has eased its electric vehicle (EV) targets to support the automotive industry, which has been significantly impacted by the 25% tariff imposed on UK car exports to the US.

    British Prime Minister Keir Starmer announced that auto manufacturers will be allowed to sell full hybrid and plug-in hybrid vehicles until 2035, and fines for non-compliance with EV sales targets will be reduced from £15,000 to £12,000 per car. -NBC

    15:49 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: European stocks' stellar start to 2025 snuffed out as tariffs cloud Q1 earnings

    European equities' impressive start to 2025 has been obliterated in three sessions of heavy selling, while executives tot up the potential impact of U.S. tariffs on supply chains, possibly forcing them to ditch previous financial predictions.

    U.S. President Donald Trump's tariffs are more sweeping than many market players feared, sending global stocks plummeting as investors flee to safe-haven assets amid recession worries.

    Companies in Europe's STOXX 600 index, which had its best first-quarter relative to the US S&P 500 in a decade, had been expected to report unbroken quarterly earnings growth through 2025 and into 2026, according to LSEG data.

    On Friday, the STOXX 600's year-to-date performance turned negative. And as of 1000 GMT on Monday, it is down 12 per cent since the April 2 close - just before Trump's tariff bombshell.--Reuters

    15:25 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: India open to reducing tariffs on European cars from 100% to 10%

    Weeks after US President Donald Trump sought reduction of import duties on cars, the EU wants India to eliminate tariffs.

    News agency Reuters reported that India is open to a phased reduction of tariffs from 100 per cent to 10 per cent.

    This is despite industry lobbying for India to retain at least 30 per cent tariff and not make changes to import duties on EVs for the next four years to protect domestic manufacturers.

    The move could benefit automobile manufacturers like Volkswagen, Mercedes-Benz and BMW. Tesla may benefit from this deal as it operates a plant in Berlin and will begin sales in India later this year.

    14:39 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: 'We are an oasis in the desert...' says Nilesh Shah

    As the Indian benchmark indices fell sharply in line with global markets, Nilesh Shah, MD, Kotak Mahindra Mutual Fund, said the fear is that the unfolding tariff war will create stagflation in the United States and lower growth in the rest of the world. He, however, said that India is an oasis in the desert as of now, and while the country is not immune to the happenings in the world, investors should focus on large-caps and keep cash to buy during market correction. He also advised investors not to deploy cash in a hurry.

    14:11 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: India swap markets signal RBI could do more than just a 25-bp rate cut this week

    India's overnight indexed swap (OIS) rates have fallen in the last three sessions, signaling that besides just a quarter-point rate cut this week, the central bank could also change its stance or opt for a bigger reduction. OIS rates, the closest gauge of interest rate expectations, have dropped by 11-12 basis points (bps) in three trading sessions since the US slapped duties on India last Wednesday as part of an expansive tariff plan.

    The one-year OIS rate stands around 5.88%, its lowest level since May 2022, while the five-year rate is around 5.71%, its lowest since February 2022. While a 25-bp rate cut is already priced in at the Reserve Bank of India's (RBI) monetary policy decision on Wednesday, traders are seeking some additional policy support after the tariff announcement stoked fears of a growth slowdown.

    "A 25-basis point rate cut with a change in policy stance to "accommodative" (from "neutral") has now become a higher possibility, while a rate easing of 25 bps with no change in stance is now a low possibility event," said Alok Sharma, head of treasury at foreign bank ICBC. DBS also expects a change in stance to "accommodative", along with a 25-bp reduction.

    The RBI started its rate cut cycle for the first time in nearly five years in February. Indian officials expect their growth projection of 6.3-6.8% to hold, but economists see a 20-50-bp hit to growth in the ongoing financial year that started on April 1. Citigroup, which expects a 50-bp hit to growth, said it assigns "a very small probability of a 50-bps cut in the April meeting."

    The immediate focus should be on creating the right preconditions for better transmission of monetary easing, Citi's India chief economist, Samiran Chakraborty, said in a note. The RBI could also signal a dovish tilt by giving greater assurance to the market regarding comfortable liquidity conditions, according to traders and economists. Ahead of the policy review, bankers have sought comfort on the availability of overnight liquidity up to a certain percentage of deposits.

    Meanwhile, surplus banking liquidity conditions over the last few days have already pushed overnight interbank call money rates towards the lower end of the monetary policy corridor, delivering a stealth rate cut. The weighted average call rate has moved closer towards the Standing Deposit Facility rate, which is at 6.00%, after remaining above the repo rate in March, while money market rates have plunged.

    (Reuters)

    13:41 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: China accuses US of unilateralism, protectionism and economic bullying with tariffs

    China accused the US of unilateralism, protectionism and economic bullying with tariffs.“Putting ‘America First’ over international rules is a typical act of unilateralism, protectionism and economic bullying,” Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of “Liberation Day,” coming on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing’s role in the fentanyl crisis. China and other governments retaliated quickly.

    China announced its own 34% tariff rate on US goods, mirroring Trump's tariff rate for China. China also suspended sorghum, poultry and bonemeal imports from some American companies. China’s latest retaliatory moves include more export controls on rare earth minerals, critical for various technologies, and a lawsuit at the World Trade Organization. Lin said the new tariffs harmed the stability of global production and supply chain and seriously impacted the world's economic recovery.“Pressure and threats are not the way to deal with China. China will firmly safeguard its legitimate rights and interests,” Lin added.

    (AP)

    13:34 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump links TikTok deal collapse to new tariff policies

    Donald Trump claimed a nearly finalized TikTok deal fell apart after he announced new tariffs on China. Speaking aboard Air Force One, he said, “We had a deal pretty much for TikTok — not a deal but pretty close — and then China changed the deal because of the tariffs.” He added, “If I gave a little cut in tariffs, they’d approve that deal in 15 minutes, which shows you the power of tariffs.”

    On Friday, Trump signed an executive order extending the deadline for TikTok’s Chinese parent, ByteDance, by 75 days to sell its US stake or face a ban. “We do not want TikTok to ‘go dark,’” he wrote on Truth Social. “We look forward to working with TikTok and China to close the Deal.”

    (With inputs from TradingView)

    13:14 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Spain pushes to expand aid plan for industries hit by US tariffs

    Spanish Economy Minister Carlos Cuerpo said he would push the European Union to approve aid for industries hit by US tariffs at a meeting of EU finance ministers to be held that day. Spain on Thursday was one of the few major economies to offer up a concrete solution to help weather the impact of new US tariffs, offering its companies a financial package of loans and direct aid worth 14.1 billion euros ($15.54 billion).

    European Union countries will seek to present a united front against US President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of US imports. The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from Wednesday for almost all other goods. Cuerpo also said the EU ministers will discuss a list of products to be submitted to retaliatory tariffs in response to the ones on steel, aluminium and cars.

    (Reuters)

    12:30 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: EU's Sejourne says hopes bourbon will be spared in response to Trump tariffs

    European Commissioner for Industrial Strategy Stephane Sejourne said the European Union's response to US tariffs should be "proportionate" and hoped bourbon will be dropped from a list of US imports that could be slapped with additional tariffs. The European Commission, which coordinates EU trade policy, will propose to members late on Monday a list of US products to hit with extra duties in response to US President Donald Trump's steel and aluminium tariffs rather than the broader reciprocal levies.

    The 27-nation EU bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from Wednesday for almost all other goods. One product that has received more attention and exposed discord in the bloc is bourbon. The Commission has earmarked a 50% tariff, prompting Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc goes ahead. Wine exporters France and Italy have both expressed concern.

    "For bourbon, I have hopes that this element is taken out of the list. We will see in the coming hours," Sejourne told France Inter radio on Monday. Sejourne also said the EU had several cards up its sleeve to put pressure on America apart from tariffs, including "withdrawing US companies from our European public markets."

    "We need to look at exactly which sectors and why we can do it, but it's one of the subjects on the table," he added.

    (Reuters)

    11:57 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Indonesia to 'intervene aggressively' when domestic markets reopen

    Indonesia's central bank said on Monday it would "intervene aggressively" in domestic foreign exchange markets when they re-open on Tuesday for the first time since new US tariffs were announced. Markets in Southeast Asia's largest economy have been closed since March 28 for public holidays, and trading will resume on Tuesday, April 8. Before the break, the rupiah had already been under pressure, dropping to its lowest levels since the 1998 financial crisis.

    Bank Indonesia said in a statement the intervention would come in the spot and non-deliverable forward markets, as well as in secondary bond markets, adding that it had already intervened offshore in Asia, European and New York markets. "Bank Indonesia's series of measures are aimed at stabilising the rupiah exchange rate and maintaining the confidence of market participants and investors in Indonesia," the statement said. It also said it will optimise rupiah liquidity instruments to ensure adequate liquidity in the money market and with domestic banks.

    (Reuters)

    11:15 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump official says Russia tariffs 'not appropriate' amid Ukraine talks

    Trump's new global tariffs notably exclude Russia, a move Moscow called an "important signal" of improving US ties. But NEC director Kevin Hassett told ABC News it was “not appropriate” to impose tariffs on Russia amid Ukraine war negotiations. He added that tariffs on Moscow hadn’t been ruled out: “I think the president made the decision not to conflate the two issues,” he said. “It doesn’t mean that Russia, in the fullness of time, is going to be treated wildly different than every other country.”

    10:36 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump adviser urges calm, predicts ‘biggest stock boom’ after market plunge

    Top Trump trade adviser Peter Navarro has urged Americans “not to panic” and to “sit tight” as markets tumble, saying the downturn will lead to the “biggest boom in the stock market we’ve ever seen.” Speaking to Fox News, Navarro said the market just needs to “find its bottom.” This comes after a sharp drop on Friday, with all three major US stock indexes falling over 5% — the S&P 500 alone sank nearly 6% — marking the worst week for Wall Street since 2020.

    (With inputs from BBC)

    10:00 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: South Korea trade minister to meet US trade representative over tariffs

    South Korea's trade minister will visit Washington, DC from Tuesday to Wednesday to meet US Trade Representative Jamieson Greer, the ministry said on Monday. Cheong In-kyo, Minister for Trade, will consult with the US side in a bid to lower the 25% tariff rate due to be imposed on South Korean exports to the United States from Wednesday, the ministry said. Cheong also plans to express concerns about the tariff adversely affecting bilateral trade and investment and discuss measures to minimise its negative impact on South Korean companies.

    (Reuters)

    09:07 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Timeline of what has happened since Trump's tariffs anouncement

    Since Donald Trump’s self-declared “liberation day” on 2 April, when he announced sweeping new tariffs, here’s how major global reactions have unfolded:

  • 3 April: Canadian Prime Minister Mark Carney says he will match the 25% levies on carmakers with a tariff on US-made vehicles that don’t comply with the existing North American trade deal.
  • 4 April: China announces a 34% tariff on all US imports, starting 10 April. US stock markets suffer their worst week since 2020, while the UK’s FTSE 100 plunges nearly 5%—its steepest drop in five years.
  • 5 April: The US begins collecting a 10% “baseline” tariff on all imports. Trump tells Americans to “hang tough” amid market volatility. UK Prime Minister Keir Starmer says he's ready to step in to “shelter British business from the storm.”
  • 6 April: Indonesia and Taiwan say they won’t impose retaliatory tariffs. Israeli Prime Minister Benjamin Netanyahu prepares to meet Trump in Washington on Monday.

    • (With inputs from BBC)

    08:53 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump defends tariffs and says lots of countries are 'dying to make a deal'

    "The whole thing is crazy, and I got elected on that basis," Donald Trump said, as per BBC. In particular, he took aim at China, saying that the US must solve its trade deficit with the country. "Unless we solve that problem, I'm not going to make a deal," he said. "I'm willing to make a deal but they have to solve their surplus. China is taking a big hit because everyone knows we’re right."

    According to Trump, he has spoken to "a lot of Europeans and Asians" who are "dying to make a deal".

    "What's going to happen to the markets, I can't tell you," he said, as per BBC. "But our country is much stronger."

    08:15 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Commerce Secretary defends tariffs on penguin-populated Island

    Heard Island and McDonald Islands—an uninhabited Australian territory home only to penguins—unexpectedly landed in the spotlight after being included in President Trump’s sweeping tariffs on over 180 countries and territories. The bizarre inclusion sparked memes, with The Daily Show's Michael Kosta joking, “Trump would have been better off tariffing that island Tom Hanks got stranded on.” On CBS’ Face the Nation, Commerce Secretary Howard Lutnick explained the rationale: “If you leave anything off the list, countries arbitraging America will route goods through them… That’s what China did after 2018 tariffs.” Lutnick dismissed rumors that AI was used to generate the list, noting that many countries were deliberately excluded.

    07:53 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Asian markets, oil sink as Wall Street bleeds over Trump tariffs

    Asian markets plunged, tracking Wall Street losses triggered by Donald Trump’s sweeping tariffs. Tokyo’s Nikkei fell nearly 8%, Australia’s ASX 200 dropped over 6%, and South Korea’s Kospi slid 4.4%. Oil prices tumbled too, with US crude down 4% at $59.49—its lowest since 2021. Brent crude also slipped to $63.33. US stock futures signaled deeper losses ahead: S&P 500 futures fell 4.2%, Dow 3.5%, and Nasdaq 5.3%.

    Wall Street on Friday saw its worst drop since COVID. The S&P 500 sank 6%, Nasdaq 5.82%, and the Dow plunged 2,231 points, entering correction territory. The selloff followed China’s tit-for-tat response to US tariffs, fueling fears of a global recession. Beijing announced 34% tariffs on all US imports starting April 10. Fed Chair Jerome Powell warned of the inflation risk, saying it’s the Fed’s duty to prevent a temporary price surge from becoming persistent.

    (Read full report)

    07:46 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Trump says tech execs, world leaders are 'very nice' in tariff talks

    US President Donald Trump said he’s been fielding calls from tech executives and world leaders about tariffs, describing them as “very solicitous” and “very, very nice.” He said that he has spoken to many countries. The comments come amid plunging stock futures ahead of Monday’s open, following two days of sharp market losses that wiped out over $5.4 trillion in value.

    Officials said more than 50 countries have contacted the White House to discuss tariff reductions since Trump’s announcement last week. “I do want to solve the deficit problem we have in China, with the European Union and other nations,” Trump said, as per reports by CNN. “And if they want to talk about that, I’m open to talking.”

    “What’s going to happen with the market? I can’t tell you,” he said. “But I can tell you, our country has gotten a lot stronger, and eventually it’ll be a country like no other.”

    (With inputs from CNN)

    07:33 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Shares of Japan’s top 3 banks tumble over 12%

    Shares of Japan’s three largest banks — Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui — dropped more than 12% on Monday, reported BBC, deepening last week’s losses. The Tokyo banking index has now fallen 20% in total, marking its steepest decline in decades.

    06:47 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: ‘Sometimes you have to take medicine,’ says Trump as he compares reciprocal tariffs to medicines

    US President Donald Trump on Sunday said that foreign countries will have to pay “a lot of money” in order to revoke the reciprocal tariffs imposed last week, and called the tariffs as “medicine” stating that jobs and investments are coming back to the US, and that “world would soon stop treating America badly”.

    Speaking to the media aboard the Air Force One, Trump said he wasn’t concerned about the economic fall out due to the reciprocal tariffs as nearly $6 trillion in value has been wiped out from the US stock market since last week.

    “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” President Trump said. He said that countries are coming to the table to talk and have a trade deal, adding “We’re going to become a wealthy nation again, wealthy like never before,” BBC reported.

    (Read full report)

    06:04 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: South Korea to respond to US tariffs, prepare domestic support

    South Korea's finance minister said on Monday the government would prepare support measures for sectors with urgent needs amid U.S. tariffs, the ministry said in a statement.

    The ministry also said Finance Minister Choi Sang-mok and other policymakers reviewed a response strategy ahead of Trade Minister Cheong In-kyo's visit to the United States.

    - Reuters

    05:53 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Japan will ask US to cut tariffs but results won't come 'overnight', PM Ishiba says

    Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask U.S. President Donald Trump to lower tariffs against Japan, but acknowledged results "won't come overnight."

    "As such, the government must take all available means" to cushion the economic blow from U.S. tariffs such as offering funding support for domestic firms and taking measures to protect jobs, Ishiba told parliament.

    - Reuters

    05:49 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Over 50 nations want to start trade talks with US as Trump calls reciprocal tariffs ‘a beautiful thing’

    More than 50 countries have reached out to the White House to initiate trade talks after reciprocal tariffs were imposed globally on trade partners of the US, officials from the US President Donald Trump’s administration said as they defended the move amid bloodbath at the US stock market after nearly $6 trillion in value was wiped out.

    Trump officials downplayed the economic fallout and defended the reciprocal tariff’s rocky implementation, as the US president’s advisers tried to portray tariffs as a savvy repositioning of America in the global trade order.

    During recent interviews, Treasury Secretary Scott Bessent played down the stock market’s deep plunge and said that there was “no reason” to expect a recession due to the reciprocal tariffs. “This is an adjustment process,” he added.

    (Read full report)

    01:39 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: Thousands rally across the US in anti-Trump protests

    Protesters form a human banner on Ocean Beach during a protest against President Donald Trump, part of the "Hands Off" rallies held nationwide, in San Francisco. (AP)

    Demonstrators gather in Civic Center Plaza in San Francisco, on Saturday, April 5, 2025, during a protest against President Donald Trump, part of the "Hands Off" rallies held nationwide. (AP)

    Protesters rally in Civic Center Plaza during a protest against President Donald Trump, part of "Hands Off" rallies held nationwide, in San Francisco. (AP)

    00:34 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: EU threatens counter-measures over Trump's tariffs

    European Commission President Ursula von der Leyen warned that the EU is prepared to impose proportionate counter-measures if necessary to defend its interests. During a phone call with UK PM Keir Starmer, she expressed deep concern over Trump's tariffs and reaffirmed the EU's commitment to negotiations with the US.

    Starmer also discussed the tariffs with German Chancellor Olaf Scholz and leader Friedrich Merz, stressing he will act in the UK's national interest. (BBC)

    00:02 (IST) 7 Apr 2025
    Donald Trump Tariff Live Updates: UK PM Starmer says Trump's tariffs usher in 'new era for global economy'

    UK Prime Minister Keir Starmer spoke with European leaders, including European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz, about the impact of US President Donald Trump's tariffs on the global economy.

    According to a Downing Street news release cited by CNN, Starmer said, "They all agreed that — as with defence and security — this is a new era for the global economy. Europe must rise to meet the moment and ensure the impact on hard-working people is minimised, while working closely with other countries to help maintain wider economic stability."

    23:25 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Bipartisan momentum builds to limit presidential tariff powers

    A growing number of lawmakers are backing a bill that would require congressional approval for new tariffs imposed by the President, citing increasing anxiety over President Trump's trade policies. Democratic Sen. Maria Cantwell and GOP Sen. Chuck Grassley introduced the bill, which has garnered support from seven Republican senators.

    According to Cantwell, "consumer challenges are already starting to surface, and certainly the stock market's impact on retirement income is shaking a lot of people." The bill would require presidents to justify new tariffs to Congress, which would then have 60 days to approve or let them expire according to CNN.

    23:07 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Taiwan won't retaliate with tariffs despite US Levy

    Taiwanese President Lai Ching-te has stated that Taiwan will not impose reciprocal tariffs on US imports, despite the US imposing a 32% levy on Taiwanese goods. According to Lai, "In response to the United States' 'reciprocal tariffs', Taiwan has no plans to impose retaliatory tariffs." Instead, Taiwan has allocated $2.7 billion to support industries affected by the new tariffs. Lai emphasized the need for the US to recognize Taiwan's contributions to the US economy.

    (Inputs from BBC)

    22:15 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Democrats face 'structural problem' after election loss, says Tim Walz

    Minnesota Gov. Tim Walz believes Democrats need to address a fundamental issue within the party after losing the 2024 election. Walz, former running mate to Kamala Harris, acknowledges that the party's strategy against Donald Trump requires reevaluation, stating, "I'm criticizing myself. I'm part of the ticket, and somebody has to come up with a strategy."

    According to Walz, the challenge lies in winning over general election voters, which is a "structural problem that’s going to take a lot more thinking". Other Democrats, like Sen. Cory Booker, echo similar sentiments, suggesting the party failed to center its focus on people's needs rather than politics.

    (inputs from CNN)

    22:02 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: "Sit tight and don't panic," Trump adviser tells investors amid market turmoil

    Top Trump trade adviser Peter Navarro urged American investors to remain calm and not sell off their assets amid market volatility caused by President Donald Trump's tariff policies. "First rule, particularly for the smaller investors out there, You can't lose money unless you sell. And right now the smart strategy is not to panic, just stay in," Navarro said on Fox News' "Sunday Morning Futures". He predicted a "broad-based recovery" and claimed, "We are going to have the biggest boom in the stock market we've ever seen under the Trump policies".

    According to Navarro, the administration isn't negotiating with other countries to lift tariffs, framing it as a "national emergency based on a trade deficit that's gotten out of control because of cheating". Instead, the US wants to address non-tariff cheating, telling other countries to "come talk to us about that".

    (with inputs from CNN)

    21:49 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Trump's golfing amid market plunge could define his Presidency, says democratic senator

    Democratic Sen. Adam Schiff criticized President Donald Trump's decision to golf while markets plummeted due to his trade policies. According to Schiff, the image of Trump golfing while people's retirement savings are affected could be "the most enduring image of the Trump presidency".

    "I think people have seen their retirement savings on fire, and there he is out on the golf course. That may end up being the most enduring image of the Trump presidency that is the President out on a golf cart while people’s retirement is in flames," Schiff told NBC’s “Meet the Press”. Schiff also warned that if the US enters a recession, it will be known as "the Trump recession".

    Trump has spent several days at his South Florida golf properties since announcing tariffs, which led to a market downturn with the Dow closing in correction territory, down over 10% from its record high in December (CNN).

    21:44 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Judge denies Trump's administration motion to return mistakenly deported man

    A federal district judge has rejected the Trump administration's request to pause an order requiring the return of Kilmar Abrego Garcia, a Maryland man mistakenly deported to El Salvador. Judge Paula Xinis directed the federal government to bring Garcia back to the US by Monday, and her order "remains in full force and effect". The Trump administration has appealed the ruling and filed an emergency motion to block the order.

    21:26 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: US Agricultural Secretary downplays tariff impact, cites market adjustment

    US Agricultural Secretary Brooke Rollins believes that markets are adapting to the new tariffs imposed by President Donald Trump, despite a recent sharp drop in the US stock market. According to Rollins, the uncertainty surrounding the tariffs was anticipated, and markets naturally adjust when a strong leader prioritizes long-term goals.

    She also mentioned that over 50 countries are reaching out to the White House, indicating a significant global response to the new tariffs. Rollins emphasized that it's early days, with only two business days passing since the new policy was introduced, and the full impact remains to be seen.

    (Inputs from CNN)

    21:20 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Tariffs to stay in place for days and weeks, says Lutnick

    According to Howard Lutnick, the 10% baseline tariffs imposed by the US will remain in place for days and weeks. Lutnick made these comments during an interview, emphasizing that President Trump aims to "protect the companies that invest here" and "reset global trade". When pressed about the permanence of the tariffs, Lutnick avoided a direct answer but hinted at a potentially prolonged period (BBC).

    20:47 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: US official downplays tariff impact on consumers

    National Economic Council Director Kevin Hassett believes that the new tariffs imposed by the US will not place a "heavy burden" on American consumers, despite potential price increases. According to Hassett, over 50 countries have reached out to the White House to discuss the tariffs. He emphasized that President Trump's goal is to support American workers, not to disrupt the market or pressure the US central bank into cutting interest rates.

    (Inputs from BBC)

    18:45 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Netanyahu says will seek relief from tariffs in meeting with Trump

    Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump in Washington this week, with hopes of easing the 17% US tariff imposed on Israeli goods. According to Netanyahu, the talks will also cover Israeli hostages still held in Gaza and achieving victory in Gaza. "I hope that I will be able to help on this issue. That is the intention," Netanyahu said of the tariffs, as reported by Reuters.

    18:28 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Trump's tariffs sour sweet deal for NYC's economy candy

    New York City's iconic Economy Candy store is feeling the pinch of President Trump's sweeping tariffs. The family-run business, known for its nostalgic sweets and low prices, will see prices hike due to tariffs on nearly all 2,000 products, many imported or made with global ingredients. Owner Mitchell Cohen worries about maintaining the store's legacy while keeping prices affordable, as costs rise just as inflation was easing.

    Even American-made candies are affected due to international supply chains. According to experts, Trump's proposed tariffs could shrink the US economy by reducing trade and distorting production, leading to lower standards of living. The tariffs might also lead to dynamic inefficiencies, reducing productivity, and could trigger retaliatory measures from foreign governments.

    13:56 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: EU prepares retaliatory tariffs on US goods worth $28 billion

    European Union countries are preparing to approve targeted countermeasures on up to $28 billion worth of US imports—ranging from dental floss to diamonds—in response to President Donald Trump’s tariffs, aiming to present a united front. The US has imposed 25% import tariffs on EU steel, aluminium, and cars, with 20% reciprocal duties on nearly all other goods expected from Wednesday. The tariffs cover around 70% of EU exports to the US, which totaled €532 billion ($585 billion) last year. Additional duties on copper, pharmaceuticals, semiconductors, and timber may follow.

    The European Commission will present a list of US products for extra duties, including meat, cereals, wine, wood, clothing, chewing gum, dental floss, vacuum cleaners, and toilet paper. A proposed 50% tariff on bourbon has stirred internal debate, prompting Trump to threaten a 200% counter-tariff on EU alcoholic drinks. France and Italy, both major wine exporters, have voiced concern. EU officials aim to maintain unity to pressure Washington into negotiations while signaling readiness to retaliate.

    EU trade ministers will meet Monday in Luxembourg to discuss a coordinated response. While opinions vary—France advocating for broader actions and Ireland urging caution—all agree on the need for a balanced approach to avoid escalation. The initial counter-tariffs are expected to be approved in a vote on Wednesday and would roll out in two phases—starting April 15 and continuing a month later. European Commission President Ursula von der Leyen is also meeting industry leaders this week to assess the impact and shape further response.

    (Reuters)

    12:16 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: US tariffs likely to impact Indian seafood shipments adversely

    Seafood Exporters Association of India (SEAI) president G Pawan Kumar on Sunday said the reciprocal tariffs announced by US President Donald Trump will have a severe adverse impact on Indian seafood exports to the US market, whose value stands at USD 2.5 billion in 2023-24.

    Out of the total seafood exports to the US, shrimps accounted for the lion's share of 92 per cent and India is the largest supplier of shrimps to the US, Kumar said. "This tariff will hurt all stakeholders in the value chain and cause all round distress," Kumar told PTI.

    The county will falter in export performance when compared to the South American nation Ecuador, which is levied only a 10 per cent tariff, it is believed. Vietnam with a reciprocal tariff rate of 46 per cent and Indonesia with 32 per cent will concede a massive advantage to the South American country, he said.

    According to Vizag-based Kumar, Ecuador is likely to replace India as the largest shrimp supplier to the US market. "It will be difficult for Indian seafood exporters to absorb this margin of 16 per cent and compete with produce from Ecuador. The prevailing margins in this sector are 4-5 per cent only," he said.

    (PTI)

    10:57 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: 'Hands Off!' nationwide protests in US target Trump and Musk

    Demonstrators flooded streets nationwide Saturday to protest the Trump administration and Elon Musk’s expanding federal influence through his new Department of Government Efficiency,. More than 1,400 “Hands Off!” protests were held at capitols, parks, and city halls, reported CNN. Meanwhile, Musk called for a “zero-tariff situation” between the US and Europe, days after Trump imposed a 20% tariff on EU goods.

    09:35 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: How countries are responding to Trump’s new tariffs

    Governments across the globe are pushing back against the latest wave of US tariffs, with responses ranging from warnings of economic fallout to pledges of retaliation.

  • EU chief Ursula von der Leyen warned of dire consequences for millions.
  • UK Prime Minister Keir Starmer called for a “calm approach” as the UK released a 417-page list of potential US goods to target.
  • Canada’s Prime Minister Mark Carney announced a tit-for-tat response, slapping 25% tariffs on select US vehicles.
  • China vowed “resolute countermeasures,” signaling pain for American businesses in its market.
  • South Africa emphasized the need for a new, mutually beneficial deal with Washington.
  • Brazil said it is reviewing all options to ensure trade reciprocity.
  • Australia’s PM Anthony Albanese called the move “unwarranted” and “not the act of a friend.”
  • Mexico’s President Claudia Sheinbaum confirmed no retaliatory action—for now—as Mexico escaped major hits in the tariff list.
  • Poland's PM Donald Tusk called the tariffs a “severe and unpleasant blow.”

    • (With inputs from BBC)

    07:42 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Can Trump’s tariffs power India’s manufacturing rise?

    Trump’s sweeping tariffs are disrupting global trade, but for India, they may open a door. Starting April 9, Indian goods entering the US will face tariffs of up to 27%, reported BBC, a steep rise from the earlier average of 3.3%. According to Delhi-based think tank GTRI, this gives India an opening to expand its presence in sectors like textiles, electronics, and machinery. Shifting supply chains—especially in semiconductors, where Taiwan now faces 32% tariffs—could also work in India’s favor. But capitalizing on this moment will require strong infrastructure and policy support at home.

    (With inputs from BBC)

    06:28 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: China says 'We do not want conflict,' slamming US on reciprocal tariffs

    The Chinese foreign ministry has said that it doesn't want a conflict with the United States, however, it added that it doesn't fear as well. The ministry added that US administration is using reciprocal tariffs for “extreme pressure and self-interest" and warned that US “economic bullying will ultimately backfire.”

    China's foreign ministry in a statement said, "We do not seek conflict, nor do we fear it. Pressure and threats are not the correct ways to engage with China," CNN reported.

    05:33 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Trump to meet Israeli PM Netanyahu on Monday amid US' 17% tariff on Israel

    US President Donald Trump is scheduled to meet Israeli Prime Minister Benjamin Netanyahu on Monday regarding a host of issues, ranging from ceasefire with Gaza based Hamas, Lebanon and reciprocal tariffs.

    The visit by Israeli prime minister comes at a time when the US president has imposed reciprocal tariffs on all its trading partners globally, and Israel has been slapped with a 17% tariff.

    "Gaza is a very important thing. It’s been under siege for many, many years. That’s another thing we’d like to get solved," President Trump said.

    04:35 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Jaguar Land Rover pauses shipments of cars to US for a month amid Trump's tariff announcement

    Britain based car marker Jaguar Land Rover has announced that it will pause the delivery of cars to the United States for a month, due to the announcement of reciprocal trade tariffs by the President Donald Trump.

    As per the company's website, Jaguar Land Rover, which is owned by Tata Group, has over 200 dealerships in the United States.

    A spokesperson for the Jaguar Land Rover told CNN that US is an important market for the company. "As we work to address the new trading terms with our business partners, we are enacting our short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans," the spokesperson added.

    01:47 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Trump goes all in with bet that the heavy price of tariffs will pay off for Americans

    President Donald Trump's decision to impose stiff new tariffs on imports from nearly all US trading partners has sparked a global trade war, with financial markets plummeting and foreign trade partners retaliating. Trump's move is seen as a bold bet on his protectionist economic vision, which aims to boost domestic manufacturing and fund tax cuts. However, economists warn that the tariffs may boost inflation and potentially send the US into recession.

    While some Republicans, like Rep. French Hill, have expressed reservations about the broad nature of the tariffs, Trump's "Make America Great Again" coalition remains largely supportive. Democrats, on the other hand, are gaining momentum, with leaders like Sen. Cory Booker calling for resistance and predicting a significant political shift in their favor.

    (Inputs from AP)

    01:20 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Trump's tariffs unleash trade war, calls for negotiations

    US President Donald Trump's recent tariff hike has triggered a global trade war, sending markets plummeting worldwide. The S&P 500 fell 6%, the Dow Jones Industrial Average plunged 5.5%, and the Nasdaq composite dropped 5.8%. In response, China has announced a 34% tax on all US imports, effective next week.

    Trump's tariffs aim to bring trillions of dollars in investment to the US, but other countries are pushing back with retaliatory measures. World leaders, including British Prime Minister Keir Starmer and French President Emmanuel Macron, are urging caution, emphasizing that trade wars benefit no one.

    (Inputs from AP)

    01:11 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: Netanyahu to discuss tariffs with Trump at White House meeting

    Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump at the White House on Monday to discuss the recently announced tariffs imposed on Israeli goods. The meeting aims to negotiate a deal to remove the tariffs, which could impact Israel's exports of machinery and medical equipment.

    The US is Israel's largest trading partner, and the tariffs could have significant economic implications. Netanyahu's office hasn't confirmed the visit, which may also cover topics like Iran and the Israel-Hamas conflict.

    (Inputs from Reuters)

    00:59 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: France warns of economic damage from Trump's tariffs

    French Prime Minister François Bayrou has cautioned that US President Donald Trump's global trade tariffs could slash France's GDP by over 0.5%, sparking job losses, economic slowdown and halted investments. Bayrou slammed the tariffs' destabilizing impact on the global economy, which could jeopardize France's deficit reduction efforts.

    Meanwhile, French President Emmanuel Macron and UK Prime Minister Keir Starmer concur that a trade war benefits no one, but haven't ruled out potential responses to the tariffs.

    00:03 (IST) 6 Apr 2025
    Donald Trump Tariff Live Updates: UK reconsiders economic policy amid Trump's tariff blitz

    British Prime Minister Keir Starmer is rethinking key elements of the government's economic policy in response to Donald Trump's tariffs, amid concerns of lasting damage to the UK economy. According to reports, Starmer believes the world has changed and a global trade war risks "undermining a proud, hard-working nation." This shift in thinking may lead to tax increases or changes to fiscal rules to boost economic growth.

    23:45 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Macron and Starmer unite against trade War

    In a post on X, French President Emmanuel Macron emphasized the need for unity in the face of global economic challenges. After discussing the US-imposed tariffs with British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen, Macron stated, "A trade war is in no one's interest. We must stand united and resolute to protect our citizens and our businesses."

    23:31 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Copper prices dropped despite exemption from Trump's tariffs

    Copper prices have dropped by over 5% to $9,000 per ton in London trading, despite being exempt from President Donald Trump's latest tariffs. The decline is attributed to concerns over the global economic impact of the tariffs and potential retaliatory actions from trading partners, which could lead to a recession.

    Traders had stockpiled copper in anticipation of tariffs, but the exemption hasn't boosted prices. Instead, the metal's value has fallen due to decreased demand expectations and market volatility. (BBC)

    23:11 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Musk advocates for zero tariffs between US and Europe

    Elon Musk has expressed his hope for a zero-tariff trade agreement between the US and Europe, effectively creating a free trade zone. Speaking via video link at the League Party congress in Florence, Musk emphasized the benefits of eliminating tariffs, particularly for Italy, which faces a 20% tariff under Trump's plans due to its significant trade surplus with the US.

    Musk also suggested greater freedom of movement between Europe and the US, allowing individuals to work freely in either region.

    22:53 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Trump plays Golf amid tariff fallout

    US President Donald Trump spent the day playing golf at his course in Jupiter, Florida, despite the ongoing fallout from his administration's sweeping new tariffs. Trump seemed to be keeping a close eye on the news, even bringing a copy of the New York Post with an article about China into the golf course, reported by BBC.

    Meanwhile, protests against the tariffs were planned elsewhere, but there were no visible demonstrations near Trump's golf course. Trump is scheduled to play in the championship round of a senior championship tomorrow, after winning the second round today.

    22:22 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Singapore PM warns of ‘Seismic Shift’ in Global trade as US imposes tariffs

    Singapore’s Prime Minister, Lawrence Wong, has called the recent US tariffs a “seismic change” in the global economic order. In a video statement shared on X , Wong said the United States, once seen as the bedrock for free market economies, is now turning away from that role. “This isn’t reform it’s the abandonment of an entire system,” he warned, highlighting the potential long-term consequences for open trade and global cooperation.

    <

    22:08 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Thousands protest Trump's policies across US

    Thousands of protesters gathered in downtown Washington, DC, and rallied at the National Mall, as part of a nationwide demonstration against President Donald Trump's policies. Over 1,200 demonstrations are planned across the US, with more than 20,000 people expected to attend the rally in Washington.

    Protesters expressed their discontent with Trump's policies on various issues, including immigration, tariffs, education, and institutional changes. Signs with slogans like "No Kings in the USA" and "Deport Musk" were visible, highlighting the strong opposition to Trump's administration and his ally Elon Musk.

    A demonstrator picks up a poster during a 'Hands Off!' protest by US citizens against President Donald Trump in Lisbon, Portugal, joining hundreds of other protests planned across the US. (Photo: AP)

    21:48 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Trump's tariff blitz sends global markets into turmoil

    US stocks plummeted, with Wall Street experiencing its worst week since the Covid-19 crisis, as investors worldwide reacted to President Trump's sweeping tariffs aimed at reshaping the global economy.

    Experts widely agree that the impact on global growth will be negative, but the extent of the damage remains uncertain. Trump's tariffs are expected to drive up prices of imported goods, potentially triggering inflation and prompting interest rate adjustments.

    (Inputs from The Guardian)

    21:36 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Trump offers TikTok deal to China in exchange for tariff relief

    US President Donald Trump has proposed a deal to China, linking the sale of TikTok's US stakes to an American buyer with relief on high levies on Chinese exports to America. Trump extended the deadline to ban TikTok by 75 days, citing progress in negotiations.

    "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," he said. The Chinese government has condemned US tariffs, calling them a severe infringement on legitimate rights and interests of nations. (PTI)

    21:22 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Global protests erupt against Trump's tariff policies

    Hundreds of protesters gathered in central London, echoing global demonstrations against Donald Trump's administration. In Trafalgar Square, demonstrators held banners reading "No to Maga hate" and "Dump Trump", as part of the "hands off" movement organised by over 150 groups, including civil rights organizations and trade unions.

    Similar protests took place in cities across the US, Paris, and Berlin, in response to Trump's tariffs. A 25% levy on foreign cars and a 10% tariff on globally imported goods have been implemented, sparking widespread criticism.

    Members of Indian Youth Congress, one carrying a damaged US flag, protests against recent tariffs announced by US President Donald Trump, in New Delhi, India. (AP)

    A demonstrator holds a sign during a 'Hands Off!' protest by US citizens against President Donald Trump in Lisbon, Portugal, joining hundreds of other protests planned across the US.

    21:04 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Trump spotted reading New York Post coverage of tariff fallout

    US President Donald Trump was seen reading the New York Post on his way to the Trump National Golf Club in Florida, with the paper's headline "China: Yeah? Try These Tariffs Out" catching his attention. The article discusses China's retaliatory 34% tariffs and the Dow Jones index's significant drop on Friday. Trump's motorcade was spotted heading to his golf club, and he's not expected to make any public statements today. This comes amid growing concerns over the global economic impact of Trump's tariffs, with potential consequences including. (AP)

    President Donald Trump reads a The NY Post as he arrives at Trump National Golf Club. (Photo: AP)

    20:52 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: UK and France express concerns over Trump's tariffs

    UK Prime Minister Keir Starmer and French President Emmanuel Macron have shared their concerns about the global economic and security impact of Donald Trump's tariffs, particularly in South East Asia.

    According to Starmer's office, the two leaders discussed the implications of the US levies during a phone call on Saturday. They agreed that a trade war would be detrimental to everyone involved, but remained open to all options, emphasizing the importance of keeping businesses informed about developments. (The Guardian)

    20:46 (IST) 5 Apr 2025
    Donald Trump Tariff Live Updates: Trump's tariffs spark global market turmoil

    US customs agents have started collecting President Donald Trump's unilateral 10% tariff on all imports from many countries, marking a significant shift in global trade norms. The initial 10% "baseline" tariff took effect at US seaports, airports, and customs warehouses at 12:01 a.m. ET on Saturday, April 5, 2025. This move has sparked global market turmoil, with Trump's tariff announcement wiping out $5 trillion in stock market value for S&P 500 companies by Friday's close, a record two-day decline.

    Countries affected by tariffs

  • Australia, Britain, Colombia, Argentina, Egypt, and Saudi Arabia: Face an immediate 10% tariff
  • European Union: Hit with a 20% tariff
  • China: Facing a 34% tariff, bringing Trump's total new levies on China to 54%
  • Vietnam: Hit with a 46% tariff, but agreed to discuss a deal with Trump
  • Israel: Unspecified goods face a 17% tariff, with Prime Minister Netanyahu expected to visit the White House on Monday
  • Japan: Faces a 24% levy, with Prime Minister Ishiba seeking a telephone conversation with Trump.

    • (with inputs from AP)

    20:37 (IST) 5 Apr 2025
    Donald Trump Tariffs news live updates: Netanyahu to discuss tariffs with Trump in Washington ,eeting

    Israeli Prime Minister Benjamin Netanyahu is set to visit the White House on Monday to discuss the recently announced tariffs with US President Donald Trump. The meeting aims to negotiate a deal to remove tariffs imposed on Israeli goods exports to the US, which face a 17% tariff. Netanyahu's office hasn't confirmed the visit, but three Israeli officials and a White House official have confirmed the plans. The discussion will likely also cover Iran and Israel's conflict with Hamas in Gaza. (Reuters)

    20:28 (IST) 5 Apr 2025
    Donald Trump Tariffs news live updates: Japan's PM Ishiba to discuss tariffs with Trump amid trade tensions

    Japan's Prime Minister Shigeru Ishiba plans to hold a phone call with US President Donald Trump following Trump's announcement of a 24% tariff on Japanese imports to the US. According to the BBC, Ishiba suggested Japan won't retaliate with trade measures of its own, instead opting for diplomacy. This approach contrasts with countries like Canada and China, which have imposed retaliatory tariffs in response to US trade policies. Meanwhile, nations like India and the UK are attempting to negotiate trade deals that would exempt them from these tariffs.

    20:14 (IST) 5 Apr 2025
    Donald Trump Tariffs news live updates: Jaguar Land Rover pauses US shipments due to Trump tariffs

    Jaguar Land Rover (JLR) is pausing shipments to the US in April as it considers how to address the new trading terms imposed by Trump's tariffs. "As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid-to-longer term plans," Jaguar Land Rover said in a statement, according to the Associated Press (AP).

    20:07 (IST) 5 Apr 2025
    Donald Trump Tariffs news live updates: 'Hang tough, It won't be easy, but the end result will be historic', Trump says

    US President Donald Trump has made his first comments since new tariffs came into effect, saying "Hang tough, it won't be easy, but the end result will be historic" in a post on his Truth Social platform. Trump claims China has been hit harder than the US and asserts that his administration is "bringing back jobs and businesses like never before," framing the move as an "economic revolution". He wrote, "China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless 'whipping post', but not any longer".

    Stay updated with the latest - Click here to follow us on Instagram

    © IE Online Media Services Pvt Ltd
    Latest Comment
    Post Comment
    Read Comments
    Edition
    search
    Install the Express App for
    a better experience
    Featured
    Today's E-paper
    Sep 08, 2025
    Trending Topics
    News
    Multimedia
    Follow Us