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Trump Tariffs LIVE Updates: Trump says ‘not getting off the hook’ on US tariffs for electronics as China’s March exports jump

Trump Tariff News | US China Tariffs LIVE Updates: The trade war ignited by Trump has put the global supply chain in a crisis mode and the stock market seeing its worst fall since COVID-19 struck.

US China trade war tariff, trumpEven before the talks began on Saturday, Trump had indicated lowering the tariffs in a Truth Social post stating “80% Tariff seems right! Up to Scott.″ (Reuters file photo)

Trump Tariff News | Trump Tariffs LIVE Updates: China’s exports have risen sharply in March as the factories rushed the shipments ahead of the latest US tariffs that were implemented from April 2 onwards. The US government has raised tariff on Chinese imports to 145% after Beijing retaliated. Exports rose 12.4% year-on-year, a five-month high, while it grew 2.3% in January-February. However, inbound shipments fell by 4.3%. The US administration led by President Donald Trump has clarified that there will be no exemption for Chinese products in electronics category and that semiconductor chips from Beijing are bound to face a national security trade investigation.

Escalating trade war: In his latest move, US President Donald Trump hit a 90-day pause on the imposition of reciprocal tariffs, with the exception of China on whom a 125 per cent tariff has been slapped. Beijing retaliated with raising its tariffs on US imports from 84% to 125% with President Xi Jinping denouncing the game of chicken via tariffs as “economic bullying”. Further, this has resulted in a bloodbath at the stock market across the world as fears of escalation between the world’s two biggest economies continues to rattle the global financial streets.

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What lies ahead as uncertainty grows: The trade war ignited by Trump has put the global supply chain in a crisis mode and the stock market seeing its worst fall since COVID-19 struck. Denouncing the Trump tariffs, a Chinese Finance Ministry spokesperson said Washington’s repeated raising of tariffs “will become a joke in the history of the world economy.” A Hong Kong University professor believes that if high tariff is sustained for the next six months or longer, “that would actually lead to a real effective decoupling between the American and Chinese economies,” AP reported.

Live Updates
17:52 (IST) 15 Apr 2025
Trump Tariffs LIVE Updates: French PM cites Trump "hurricane" as he calls on France to fix public finances

US President Donald Trump has unleashed an economic “hurricane” whose consequences will ripple across the globe for years, French Prime Minister François Bayrou warned on Tuesday, urging France to cut its soaring deficit before it’s too late.

“The president of the United States has started a hurricane whose consequences will not end any time soon,” Bayrou said at a press conference, referring to Trump’s escalating trade war and reversal of long-standing alliances.

Calling the moment a “tsunami of destabilisation,” Bayrou cited the growing threat of a belligerent Russia and Trump's combative trade policy as twin forces shaking the foundations of global order. He said France’s high debt and widening budget deficit left it particularly vulnerable.

“As if war weren’t enough, a tsunami of destabilisation came to shake up the planet,” Bayrou added, pointing to Trump's treatment of Ukrainian President Volodymyr Zelensky during a tense Oval Office meeting as a sign of fractured diplomacy.

The unusually sharp remarks come as Bayrou’s minority government prepares for high-stakes 2026 budget talks. He warned that France’s fiscal credibility is at risk and urged lawmakers to support urgent belt-tightening measures to stabilise the economy.

16:17 (IST) 15 Apr 2025
Trump Tariffs LIVE Updates: UK stocks rise after Trump hints at possible auto tariff reprieve

UK stocks rallied on Tuesday, lifted by financial shares and optimism over potential US tariff exemptions on auto-related imports, as investors weighed fresh job market data for clues on future monetary policy.

By 09:58 GMT, the FTSE 100 had gained 0.9%, while the FTSE 250 midcap index was up 0.5%.

The gains came after US President Donald Trump signalled he may ease the proposed 25% tariffs on autos and parts from Mexico, Canada, and other trading partners — a move that followed Friday’s decision to exempt smartphones, computers, and other electronics from the latest round of “reciprocal” tariffs.

The upbeat trade signals offered relief to markets after recent global selloffs, fuelling a second straight day of gains for London-listed stocks.

15:21 (IST) 15 Apr 2025
Trump Tariffs LIVE Updates: China says it is 'tearing down walls' to expand trade alliances amid US standoff

China is “tearing down walls” and expanding its global trade ties instead of retaliating with hostility, its foreign ministry said on Tuesday, as tensions rise in the ongoing trade war with the United States.

Foreign ministry spokesperson Lin Jian said Beijing would continue “shaking hands rather than shaking fists” and “connecting instead of decoupling,” amid a flurry of new tariffs imposed by President Donald Trump. The US has slapped a staggering 145% in tariffs on Chinese goods this year alone, prompting Beijing to retaliate with 125% duties on American imports.

The World Trade Organisation has warned that the escalating row could slash trade between the world’s two largest economies by as much as 80%, with global repercussions.

Beijing has dismissed Trump’s tariff strategy as “a joke,” a comment that irritated US Treasury Secretary Scott Bessent. “These are not a joke… these are big numbers,” Bessent told Bloomberg TV, while adding that the tariffs aren’t sustainable and must ultimately be addressed by Trump and Chinese President Xi Jinping.

Meanwhile, Xi is on a Southeast Asia tour to strengthen regional partnerships. In Vietnam, which is also facing possible US tariffs of up to 46%, Xi urged unity against “unilateral bullying” and called for closer cooperation on production and supply chains. (Reuters)

12:13 (IST) 15 Apr 2025
Trump Tariffs LIVE Updates: Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by US President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply. Brent crude futures gained 25 cents, or 0.4%, to $65.13 per barrel by 0630 GMT, while U.S. West Texas Intermediate crude was up 28 cents, or 0.5%, to $61.81.

"Trump granted exemptions on electronic tariffs and signalled an auto tariff relief, both of which are seen as setbacks from the previously announced import levies, hence, providing some relief to risk assets, including oil," said independent market analyst Tina Teng. "However, the rally in stocks and growth-sentiment commodities is sceptical, as his policy is unpredictable."

In the latest development in Trump's whipsawing trade war, he said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. The vacillating US trade policies have created uncertainty for global oil markets and pushed OPEC on Monday to lower its demand outlook for the first time since December.

The Trump administration had announced on Friday that it would grant exclusions from tariffs on smartphones, computers and some other electronic goods, most of which are imported from China. That drove both oil benchmarks to settle up slightly higher on Monday.

- Reuters

11:36 (IST) 15 Apr 2025
Trump Tariffs LIVE Updates: Stock markets in China plunge as US tariff probe proceeds

Stock markets in China are trading lower after US President Donald Trump announced investigations into pharmaceuticals and semiconductor imports.

Here's how Chinese mainland indexes stand:

  • Nikkei 225 (Japan) +0.9%
  • Kospi (South Korea) +0.9%
  • Hang Seng (Hong Kong) +0.2%
  • ASX 200 (Australia) +0.6%
  • 11:31 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Cautious shares edge up on some tariff reprieve, bonds hold steady

    Asia shares rose on Tuesday but futures pointed to weakness in Europe and the United States after President Donald Trump suggested he might grant exemptions on auto-related tariffs. US Treasury bonds steadied having staged a recovery overnight following last week's historic selloff, while the dollar continued to fall out of favour with investors.

    Trump said on Monday he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other places. Those tariffs could raise the costs of a car by thousands of dollars, and Trump said car companies "need a little bit of time because they're going to make 'em here."

    That followed Friday's move to exempt smartphones, computers and some other electronics from Trump's "reciprocal" US tariffs. But his administration later stepped up probes into imports of semiconductors after Trump said on Sunday he would be announcing their tariff rate over the next week.

    - Reuters

    10:16 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Nissan to cut Japanese production of top-selling US model due to tariffs

    Nissan will cut Japanese production of its top-selling US model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new US import tariffs. US President Donald Trump's decision to slap a 25% levy on cars built overseas has upended the global automotive supply chain.

    Nissan, Japan's third-largest carmaker, is more exposed than some rivals. The United States is its top market, accounting for more than a quarter of the vehicles it sold last year, with many of those made in Japan or Mexico. Nissan plans to reduce output of the Rogue by 13,000 vehicles at its plant in Kyushu, southwest Japan, during the three-month period, said the person, declining to be identified because the information is not public.

    The planned cut is equal to more than a fifth of the 62,000 Rogues sold in the United States in the first three months of this year. Workers at the Kyushu plant, Nissan's largest, will work fewer hours from May through July, with production halted on some days, the person said.

    The plant will continue to operate on two shifts a day, the person added. The automaker will reassess the production situation at a later date depending on the outlook for tariffs, the person said. On Monday, Trump said he was considering modifying the auto levy because automakers "need a little bit of time".

    - Reuters

    09:49 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: China's yuan steady, markets remain on edge over US tariff policy

    China's yuan held steady against the US dollar on Tuesday even as markets grappled with the Trump administration's back-and forth changes in tariffs. Since President Donald Trump announced reciprocal tariffs on April 2, sparking tit-for-tat duties on each other's goods, trade relations between the world's two largest economies have become the primary factor affecting the yuan.

    The spot yuan opened at 7.3050 per dollar and was last trading at 7.3086 as of 0306 GMT, 4 pips firmer than the previous late session close and 1.37% weaker than the midpoint. "The recent U.S. tariff hikes have put depreciation pressure on the yuan.

    However, the dollar has also weakened against other major currencies, contrary to what most have expected before," said UBS economists led by Tao Wang in a note. Trump's mixed signals on tariffs targeting several economies have left investors dazed, hurting confidence in US assets including the dollar.

    The UBS economists have downgraded their forecasts on China's GDP growth, saying the tariff shock poses unprecedented challenges to China's exports. They expect the onshore yuan to trade around 7.5 by the end of 2025.

    - Reuters

    08:38 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Chinese embassy criticises US treasury secretary for 'smearing' China

    The Chinese embassy in Argentina has called out US Treasury Secretary Scott Bessent for "maliciously slandering and smearing" China for carrying out normal cooperation with other countries, expressing firm opposition to his remarks.

    "We advise the US to adjust its mindset, instead of spending time repeatedly smearing and attacking China, meddling in the foreign cooperation of regional countries," the embassy said.

    Bessent said in an interview that China signed "rapacious deals marked as aid" and "added huge amounts of debt" to Latin American countries' balance sheets.

    - Reuters

    07:26 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Trump administration sued over tariffs in US Court of International Trade

    A legal advocacy group on Monday asked the US Court of International Trade to block President Donald Trump's sweeping tariffs on foreign trading partners, arguing the president overstepped his authority. The lawsuit was filed by the nonpartisan Liberty Justice Center on behalf of five small U.S. businesses that import goods from countries targeted by the tariffs.

    The businesses range from a New York wine and spirits importer to a Virginia-based maker of educational kits and musical instruments. The lawsuit challenges Trump's April 2 "Liberation Day" tariffs, as well as duties he separately levied against China.

    "No one person should have the power to impose taxes that have such vast global economic consequences," Liberty Justice Center senior counsel Jeffrey Schwab said in a statement. "The Constitution gives the power to set tax rates — including tariffs to Congress, not the President." White House spokesman Harrison Fields defended Trump's tariffs in a statement.

    "Never Trumpers will always oppose him, but President Trump is standing up for Main Street by putting an end to our trading partners especially China exploiting the US His plan levels the playing field for businesses and workers to address our country's national emergency of chronic trade deficits," Fields said.

    The Trump administration faces a similar lawsuit in Florida federal court, where a small business owner has asked a judge to block tariffs imposed on China.

    - Reuters

    06:56 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: South Korea unveils $23 billion support package for chips amid US tariff uncertainty

    South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won package unveiled last year. The measures come in response to calls on the government to expand support at a time of growing policy uncertainty under the current US administration and rising competition from Chinese rivals, the government said in a statement.

    Seoul will also ramp up a financial assistance programme for the chips industry to 20 trillion won, versus the previous 17 trillion won, according to the joint statement from various ministries including the trade ministry. South Korea's decision to pump more money into its key chips sector is designed to help companies cope with heavier costs as they compete globally, it said.

    Asia's fourth-largest economy is home to the world's top memory chip makers, Samsung Electronics and SK Hynix , though they have fallen behind some rivals in areas such as chip design and contract chip manufacturing. In 2024, South Korea's exports of semiconductors stood at $141.9 billion, accounting for 21% of the country's total, government data showed.

    Shipments to China and the United States stood at $46.6 billion and $10.7 billion, respectively.

    US President Donald Trump said on Sunday he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility with some companies in the sector.

    - Reuters

    06:37 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Trump considers pausing his auto tariffs as the world economy endures whiplash

    US President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

    “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, "And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

    Matt Blunt, president of American Automotive Policy Council, an association representing Ford, General Motors and Stellantis, said the group shared Trump's goals of increased domestic production.

    - AP

    05:35 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: UK shoppers raised their spending in March in face of Trump's tariff onslaught

    British shoppers spent more last month even as worries about the global economy grew in the run-up to US President Donald Trump's tariff increases, according to data published on Tuesday. The British Retail Consortium said sales at its member stores - mostly large retail chains, rose by 1.1% year-on-year in March, matching February's increase.

    The increase would have been bigger were it not for the Easter holiday falling in April this year unlike in 2024 when it was in March, boosting sales in that month, the BRC said. "Despite a challenging global geopolitical landscape, the small increase in both food and non-food sales masked signs of underlying strengthening of demand," BRC chief executive Helen Dickinson said.

    A separate measure of overall consumer spending published by Barclays painted a less upbeat picture.

    Barclays said spending rose by 0.5% in March compared with the same month last year, slowing from February's 1.0% increase and weaker than the rate of inflation.

    However, its figures also did not adjust for Easter falling in different months in 2024 and 2025. Warm weather helped garden centres and specialist food and drink shops but supermarket sales were down by 2.6%.

    - Reuters

    05:33 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: US steps up probe into pharmaceutical, chip imports, setting stage for tariffs

    The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed.

    The filings announce 21-day public comment periods and mark President Donald Trump's latest use of Section 232 of the Trade Expansion Act of 1962 as justification for so-called sectoral tariffs aimed at boosting domestic production of goods he says are critical to national security.

    Using the 232 provision, the Trump administration has started investigations into imports of copper and lumber, and probes completed during Trump's first term formed the basis for 25% tariffs rolled out since his return to the White House in January on steel and aluminum and on the auto industry.

    The filings, which indicate the administration began the investigations on April 1, follow exclusions unveiled over the weekend for smartphones, computers and other electronics imported largely from China from Trump's steep 125% reciprocal duties. Trump officials had said those products would soon be subject to Section 232 tariffs. Section 232 probes need to be completed within 270 days of their initiation.

    - Reuters

    04:57 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: EU trade chief seeks joint effort with US on fair tariff deal

    The European Union is seeking a fair deal on tariffs with the United States, European Trade Commissioner Maros Sefcovic said on Monday, adding that this would require a "significant joint effort" on both sides.

    "In DC,... seizing the 90-day window for a mutual solution to unjustified tariffs," Sefcovic wrote on X after meeting US Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer in Washington.

    He added that the EU "remains constructive and ready for a fair deal - including reciprocity through our 0-for-0 tariff offer on industrial goods and the work on non-tariff barriers." "Achieving this will require a significant joint effort on both sides."

    - Reuters

    04:23 (IST) 15 Apr 2025
    Trump Tariffs LIVE Updates: Tech, auto shares gain as Trump floats more tariff exemptions amid confusion

    Big Tech and auto shares rose after the US removed smartphones and other electronics from its tariffs on China over the weekend, and after President Donald Trump added new wrinkles into his vacillating trade policy on Monday by suggesting he might grant exemptions on auto-related levies already in place.

    Trump's aggressive tariffs, which would have raised the rate consumers and businesses would have to pay for imported goods by roughly 25%, sparked a selloff in US assets, including stocks, the dollar and Treasury bonds. The shifting stances caused investors to question the safe-haven status that America has long enjoyed and sapped both business and consumer confidence.

    The shock response forced the White House to backtrack, but Trump over the weekend insisted more levies were in store. Speaking on Monday at the White House, Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico and Canada. Those tariffs could raise the costs of a car by thousands of dollars, and Trump said car companies "need a little bit of time because they're going to make 'em here."

    US automakers developed a highly integrated supply chain that involves sending vehicles in various stages of completion across the borders several times after the passage of the North American Free Trade Agreement that was renegotiated during Trump's first term. Shares of General Motors and Ford Motor gained 3.6% and 4.5%, respectively. - Reuters

    22:11 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Trump claims victory video inflation, but economists remain skeptical

    Donald Trump told reporters in the Oval Office, "We already solved inflation," pointing to the 2.4% annual inflation rate in the March consumer price report.

    However, many economists are hesitant to celebrate, noting that a single report doesn't necessarily indicate a broader trend. Concerns are also growing that Trump's tariff policies could actually drive prices up and hurt the economy.-AP

    21:18 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: "I just got here": Trump downplays Ukraine war involvement

    President Trump claimed he had "NOTHING TO DO WITH THIS WAR" in a statement about the ongoing Russia-Ukraine conflict. This comes after he previously promised to end the war within 24 hours if elected, but now says he was "a little bit sarcastic" about his earlier pledge. Trump added, "I just got here," shifting blame to the current administration. -AP

    19:47 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: White House defends Trump’s tariff moves that rattled markets

    The Trump administration is standing by its economic policies after a week of market turmoil sparked by the president's tariff decisions. According to reports, Trump’s team is projecting confidence and calm despite the market volatility, with administration officials defending the policies on television networks.

    The moves have had global implications, with emerging markets particularly rattled by Trump's tariff threats. In contrast, China's leader Xi Jinping emphasized the importance of global trade and cooperation during a diplomatic tour of Southeast Asia, stating that "there are no winners in a trade war or a tariff war". -AP

    18:13 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Trump's tariffs spark global trade freeze

    Trump's sweeping tariffs have shocked global markets, prompting swift Chinese retaliation and effectively freezing most US-China trade. In response, Beijing is cracking down on American services, films, and travel, indicating China's willingness to endure economic pain in a prolonged trade war. Chinese officials seem to be betting that American voters won't tolerate similar hardships, potentially impacting the US economy. The tariffs have led to:

  • Most US-China trade has come to a standstill due to the tariffs and retaliatory measures.
  • The tariffs will reduce US GDP by 1.0% and increase federal tax revenues by $171.6 billion in 2025, with an average tax increase of nearly $1,300 per US household.
  • China has increased its retaliatory tariffs to 125% on all US exports, affecting $330 billion of US goods.
  • (with Inputs from Reuters)

    17:54 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Gold's record-breaking run amid Trump's tariff turmoil

    Gold prices have surged to record highs, climbing 28% since hitting a low of $2,536.71 on November 14, as investors seek safe-haven assets amid the chaos triggered by Trump's tariff announcements.

    The precious metal reached a fresh peak of $3,245.28 an ounce on April 11, with Goldman Sachs predicting it could hit $3,700 an ounce by 2025. Trump's tariffs have sparked uncertainty, driving investors to gold, but the metal's trajectory remains uncertain, tied to the whims of Trump's trade policies.-Reuters

    17:51 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Trump's tariff tensions freeze US-China trade

    The recent imposition of sweeping tariffs by Donald Trump has sent shockwaves through global markets, prompting swift retaliation from China. As a result, most US-China trade has come to a standstill, with Beijing cracking down on American services, films, and travel.

    Chinese officials seem prepared to endure economic pain, betting that American voters won't tolerate similar hardships in a prolonged trade war. Trump's tariffs aim to reshape the global trade system, which he believes is unfair, and bring manufacturing back to the US. However, experts warn that these tariffs could lead to higher prices for consumers and disruptions in global supply chains. -Reuters

    12:20 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Taiwan President Lai Ching-te says first phase of US tariff talks went 'smooth'

    Taiwan President Lai Ching-te on Monday said that the first phase of talks between the island and United States regarding the reciprocal tariffs imposed by US President Donald Trump went "smoothly" and the Taiwanese government is hoping to take this challenge as an opportunity.

    This comes as President Trump said he would update about the new tariffs to be imposed on importing semiconductor chips on Monday, while Taiwan, which is the major semiconductor producer, was hit with 32% tariff which remains suspended for three months.

    "Taiwan has started negotiations with the United States, and the first phase of the negotiations went smoothly," Taiwanese president's office cited him as saying, reported Reuters.

    11:59 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: South Korea acting President Han sees Trump starting tariff talks with Seoul, Japan, India immediately

    South Korea's acting President Han Duck-soo on Monday said that US President Donald Trump appeared to have directed talks on tariffs to begin immediately with Seoul, India and Japan, news agency Yonhap reported.

    Updating about the proposed Alaska LNG project, South Korean President Han Duck-soo said he expects there could be a video meeting between the US and South Korean officials soon, Reuters reported.

    11:31 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Asian tech stocks bounce back after Trump tariff exemptions on electronic items from China

    Shares in Asian tech companies that are major suppliers to companies like Apple rose on Monday after the US government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

    Shares in Foxconn, Apple's largest iPhone assembler, rose as much as 7.8% before trimming gains to close 3% higher. Contract laptop maker Quanta closed up 5.8% and Inventec - which also makes artificial intelligence servers - rose 4.1%. The broad index closed 0.1% lower.

    China's Goertek and Lens Tech both rose by more than 7% before also trimming gains. Both firms are Apple suppliers. Shares in South Korea's Samsung Electronics, which supplies Apple and is also the second-ranked smartphone vendor in the US market, were up 1.5%.

    "We view the dizzying weekend tariff news as a step forward net positive for Apple as well as other tech names as it gives some flexibility and allows for China negotiations to hopefully take place in the coming months," Wedbush Securities analyst Dan Ives said in a note.

    - Reuters

    11:28 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Thailand says it will discuss tariffs with United States on April 21

    Thailand has said that it will hold tariff discussions in Washington on April 21, the Thai government said in a statement on Monday.

    US President Donald Trump, who had imposed reciprocal tariffs on April 2 ranging from 10% to 50% on all its global trading partners, had suspended the levies for 90 days.

    11:22 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Trump says 'specific details' on semiconductor chips tariff to come on Monday

    US President Donald Trump has informed via aboard the Air Force One that tariffs will be imposed on importing semiconductor chips and "very specific" details on the chips regarding tariffs would be informed on Monday.

    11:05 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: China's President Xi Jinping says there are ‘no winners’ in tariff war amid Trump's warning to Beijing

    China's President Xi Jinping, who is visiting Vietnam, wrote in an editorial that there are no winners in tariff war amid US President Donald Trump imposing 145% levy on Chinese goods being imported in United States.

    In an editorial jointly published in Vietnamese and Chinese official media, Xi Jinping wrote, "There are no winners in a trade war, or a tariff war."

    "Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment," Jinping added, reported AP.

    10:54 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: How have stock markets in Asia-Pacific region responded to Trump's tariff exemptions on electronic items?

    As the US President Donald Trump announced that electronic items will be charged with tariff but in a months time, the share market saw a sigh of relief and corrected its trend by gaining marginally in Asian markets.

    Here is a list of stock markets trading in Asia-Pacific region today:

  • Nikkei (Japan) +1.9%
  • Hang Seng (Hong Kong) +2.4%
  • Shanghai Composite (China) +0.9%
  • Kospi (South Korea) +0.8%
  • ASX 200 (Australia) +1.5%
  • Taiex (Taiwan) +0.2%
  • 10:12 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: China's March exports jump in temporary boost as Trump 2.0 heaps pressure

    China's exports rose sharply in March after factories rushed out shipments before the latest US tariffs took effect, but an escalating Sino-US trade war has darkened the outlook for factories and growth in the world's second-biggest economy. US President Donald Trump has ratcheted up tariffs on Chinese goods to hefty levels that many economists say will profoundly impact global trade flows and business investment.

    Exports rose 12.4% year-on-year, a five-month high, handily beating 4.4% growth expected in a Reuters poll of economists. Exports grew 2.3% in January-February. Inbound shipments fell 4.3%, compared with a 2.0% decrease forecast in a Reuters poll, and an unexpectedly steep contraction of 8.4% at the start of the year.

    Trade uncertainties have rocked financial markets this month after Trump announced sweeping tariffs on many countries on April 2. Trump unexpectedly paused the higher duties on a dozen economies days later, but slapped even stiffer levies on China that Beijing has dismissed as "a joke".

    Trump levied 10% tariffs across all Chinese imports into the United States, effective on February 4, and followed that up with another 10% in March, accusing Beijing of not doing enough to stem the flow of fentanyl into the United States. Washington's fresh round of tariffs lift duties on China to an eye-watering 145%, prompting Beijing to jack up levies on US goods by 125% in an intensifying trade war between the world's two biggest economies.

    - Reuters

    09:51 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Stock markets across Asia rally amid tariff exemption on smartphones, computers by US government

    After the US government announced tariff exemptions for smartphones, computers and other electronic items largely being imported from China, the stock markets across Asia rallied over relief sentiments. Much of the assembly of electronic items being imported in US is done in China.

    Shares in Foxconn, Apple's largest iPhone maker, have traded higher about 4%, with contract laptop maker Quanta up 7% and Inventec rising 4%.

    However, the exemptions of tariff on about 20 electronic products could be short-lived as President Donald Trump has said that he would introduce levies on imported semiconductor chips by next week and tariffs on smartphones in a month.

    09:18 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Chinese President Xi Jinping calls for 'more regional cooperation' amid Trump's reciprocal tariffs

    Ahead of his three-day tour of Southeast Asia on Monday, Chinese President Xi Jinping called for 'more regional cooperation', saying China and Vietnam were "friendly socialist neighbours sharing the same ideals and extensive strategic interests" ahead of his arrival in Vietnam.

    The Chinese president's trip to three Southeast Asia nation comes amid the tariff war being imposed by US President Donald Trump, who has levied 145% charges on import of Chinese goods.

    08:32 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: China and Hong Kong shares rally after tariff relief on electronic items

    China and Hong Kong stocks rose on Monday as U.S. tariff exclusions for some electronics products from President Donald Trump's reciprocal tariffs on China lifted tech shares, although the chip sector was weighed down by national security concerns.

    China's blue-chip CSI300 Index climbed 0.6%, while the Shanghai Composite Index gained 0.8% in early trade, after losing 2.9% and 3.1% last week, respectively.

    Hong Kong benchmark's Hang Seng climbed 2.5% after an 8.5% loss last week. The Hang Seng Tech Index added 3%. Trump's administration granted exclusions from steep tariffs on smartphones, computers and other electronics imported largely from China, while indicating these goods will come under separate tariffs, along with semiconductors, that may be imposed within a month.

    China's Apple suppliers jumped on the temporary relief. The CSI Electronics Index jumped 0.7% in early trade. Apple's main assembly partner Foxconn Industrial Internet rallied 1.7%, and acoustic components manufacturer Goertek jumped 3.1%.

    - Reuters

    08:13 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Taiwan tech supply chain stocks bounce back after Trump tariff exemptions

    Since the White House announced tariff exemptions for smartphones and computers largely imported from China, the stocks of Taiwan's tech companies that are major suppliers to companies like Apple have risen on Monday.

    Shares in Foxconn, Apple's largest iPhone assembler, gained around 4% in Monday's early trading session, with contract laptop maker Quanta up 7% and Inventec - which also makes artificial intelligence servers - rising 4%, reported Reuters.

    However, the rally of tech stocks could be short-lived as Trump has announced to levy tariffs on imported semiconductor next week and on electronic items from China in the subsequent month.

    07:56 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: President Trump to announce semiconductor tariffs over next week

    US President Donald Trump has said that he will announce tariffs on imported semiconductor over the course of next week.

    Trump added that while the semiconductor industry will face tariff, there would be flexibility on some companies in the sector, while aboard the Air Force One.

    07:02 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Chip, battery makers lead South Korean shares higher amid Trump's reciprocal tariff reprieve for electronic goods from China
  • South Korean shares rose on Monday, led by chip and battery makers, with investors' focus remaining on US tariffs.
  • The benchmark KOSPI added 18.35 points, or 0.75%, to 2,451.07 as of 0053 GMT.
  • All three major US indexes ended sharply higher on Friday after assurances from Boston Federal Reserve President Susan Collins that the central bank is prepared to keep financial markets functioning should the need arise.
  • US President Donald Trump on Sunday bore down on his administration's latest message that the exclusion of smartphones and computers from the reciprocal tariffs on China will be short-lived. - Reuters
  • 06:49 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Japan's Nikkei trades 2% higher as iPhone-related stocks jump amid claims of Trump tariff exclusion on smartphones imported from China

    Japan's Nikkei share average rallied higher during early trading session on Monday as iPhone related shares jumped upon the news that US President Donald Trump's reciprocal tariff would exclude smartphones and other electronics imported largely from China.

    As of 0030 GMT, the Nikkei had gained 2% to 34,267.97. The broader Topix was up 1.87% at 2,513.03, Reuters reported.

    However, the rally in the stock market could be short-lived as both President Trump and US Commerce Secretary have clarified that these electronics products come under separate tariff category, along with semiconductors, and hence the levies will be imposed in a month on them.

    06:09 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: UK companies focused on cashflow and cost-cutting ahead of Trump tariffs, Deloitte says

    Britain's biggest companies adopted their most defensive stance since early 2020 in the run-up U.S. President Donald Trump's April 2 tariff announcements and focused on boosting cashflow, cutting costs and reducing borrowing, a survey showed on Monday.

    Deloitte's quarterly survey of chief financial officers at major British firms, conducted March 18-31, found their optimism about their firms' financial prospects was still higher than after Russia's full-scale invasion of Ukraine and the start of the COVID-19 pandemic.

    But "defensive strategies" had gained ground sharply at the expense of a more growth-oriented approach, Deloitte said. "Given widespread speculation over the scale and scope of U.S. tariff rises during the survey period, it is unsurprising that CFOs reported elevated levels of uncertainty," Amanda Tickel, head of tax and trade policy at Deloitte UK, said.

    Some 63% of CFOs ranked cost-cutting as a top priority, up from 52% three months earlier and the second-highest level on record. Introducing new products or expanding into fresh markets was a priority for 20%, down from 25% before. Businesses said they expected to reduce hiring by the most since the third quarter of 2020 and for wage growth to slow to 3% over the next 12 months.

    - Reuters

    05:52 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Chinese President Xi Jinping to meet Vietnam leaders during Southeast Asia tour amid Trump's reciprocal tariff

    Chinese President Xi Jinping is beginning a three nation tour in Southeast Asia from Monday onwards and is bound to meet Vietnamese leaders in Hanoi on the first day amid US President Donald Trump's reciprocal tariff on China, which has increased to 145%.

    Vietnam is also negotiating with its US counterparts as Trump had levied 46% tariff on goods from the country, until he announced a suspension of the tariffs for 90 days.

    China's Xi Jinping is scheduled to visit Vietnam from April 14 to 15, and Malaysia and Cambodia from April 15 to 18.

    05:03 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: ‘Tariffs are just tax on Americans’: China targets US public over Trump’s trade blitz

    In a pointed post on X , Chinese Foreign Ministry spokesperson Mao Ning shared a video featuring a man portraying a US importer. In the video, he warns that it’s not foreign nations, but regular Americans who will ultimately bear the burden of Trump’s tariff policies.

    “Foreign countries pay the tariffs? No – US businesses pay, then pass costs to you. Tariffs don’t bring manufacturing back. They’re just a tax on Americans,” Mao captioned the video.

    04:52 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: 'No exemptions on tariff for Chinese products,' clarifies White House deputy chief

    After confusion prevailed over whether electronic items largely from China would see exemptions from President Donald Trump's reciprocal tariffs, Stephen Miller, the White House deputy chief of staff said that there are “no exemptions” on products like semiconductors and other electronics from China, rather a detailed list of how tariff will be implemented on these items is yet to be published.

    "When the tariff rate went up to the full rate of 125%, on top of the 20%, it was necessary to publish a more detailed list from Customs and Border Protection, explaining the rates and how they’re applied. There are no exemptions," Miller said, as per CNN.

    Miller added that at least 20% levies will be paid by everyone and the electronic equipment which were in question of a tariff exemption have been put through a separate process controlled by the Department of Commerce, which is the 232.

    04:15 (IST) 14 Apr 2025
    Trump Tariffs LIVE Updates: Trump says looking at electronics supply chain in national security tariff probe

    US President Donald Trump has said that his administration is looking at semiconductors and the electronics supply chain as part of upcoming national security tariff investigations. The Republican president said this in a post on Truth Social.

    "Nobody is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff “exception” announced on Friday," Trump posted.

    19:52 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: US commerce secretary warns of upcoming semiconductor tariffs on electronics

    US Commerce Secretary Lutnick announced that the current tariff exemption on electronics, including smartphones and laptops, is temporary. New duties will be imposed soon, particularly on semiconductors, as part of an effort to boost domestic production in the US.

    "All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels -- we need to have these things made in America," Lutnick said, emphasizing the administration's goal of reducing reliance on Southeast Asia for these critical components. -ABC News

    19:38 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Trump administration exempts electronics from tariffs

    The Trump administration has announced that it will exclude certain electronics, including smartphones and laptops, from reciprocal tariffs. This move is expected to benefit big tech companies like Apple and Samsung, as well as chip makers like Nvidia, potentially leading to a tech stock rally.

    According to the US Customs and Border Protection, items qualifying for the exemption include smartphones, laptops, hard drives, flat-panel monitors, and some chips. However, machines used to make semiconductors are not included in the exemption. -AP

    17:43 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: China urges US to scrap reciprocal tariffs

    China's commerce ministry is calling on the US to completely cancel its reciprocal tariffs, citing the need for mutual respect and cooperation. After the US exempted certain consumer electronics, including smartphones and laptops, from tariffs, China seized the opportunity to reiterate its stance. "We urge the US to take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect," a ministry spokesperson state.

    13:58 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Spain says pause in US tariffs is opportunity for dialogue

    The 90-day pause in implementing US tariffs is an opportunity for dialogue, the Spanish Economy Minister Carlos Cuerpo said in a newspaper interview on Sunday.

    "The pause announced by the United States government is an opportunity to promote dialogue, an open door to negotiation, and this is how we in the European Union are understanding it," Cuerpo told the La Vanguardia newspaper.

    12:15 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Trump excludes smartphones, computers, other electronics from China tariffs

    In a major relief to electronic sector companies like Apple, US President Donald Trump granted exclusions from sweeping reciprocal tariffs to smartphones, computers and some other electronics imported from China.

    As per the US Customs and Border Protection, the tariff codes excluded the import taxes on largely 20 products which includes computers, laptops, disc drives and automatic data processing, semiconductor devices, equipment, memory chips and flat panel displays.

    Trump told media aboard the Air Force One, "I'll give you that answer on Monday. We'll be very specific on Monday ... we're taking in a lot of money, as a country, we're taking in a lot of money," Reuters reported.

    12:08 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Trump to provide update on semiconductor chip tariffs on Monday

    US President Donald Trump, while aboard the Air Force One on Saturday, said that he will provide updates regarding the tariffs on semiconductor chips on Monday.

    "I'll give you that answer on Monday," Trump told reporters aboard Air Force One, Reuters reported.

    12:02 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Tariff war opens door for India to emerge as global toy export hub

    Tariff war opens door for India to emerge as global toy export hub Kolkata, Apr 13 (PTI) As the US-China tariff war intensifies, the Indian toy industry leaders are calling the situation a "golden opportunity" to position India as a major export hub for toys, especially to the United States, a trade body official said on Sunday.

    The US recently imposed a steep 145 per cent tariff on toy imports from China — a move that could reshape the global toy trade. China, which previously accounted for nearly 77 per cent of US toy imports, is expected to see a significant drop in exports due to the high tariff, opening up space for alternate suppliers, an official said.

    Akshay Binjrajka, President of the Toy Association of India, told PTI that India is well-positioned to fill the emerging vacuum. "The US toy market, valued at around USD 41.7 billion, offers a massive opportunity for Indian manufacturers," he said, adding that Indian products can now compete with Chinese offerings on both quality and price.

    India's toy exports have already witnessed a steady rise — from USD 40 million in 2014-15 to an estimated USD 152 million in 2023-24. More notably, toy imports from China to India have plunged from USD 235 million in FY20 to just USD 41 million in FY24, after India imposed strict control norms on imports and boost in domestic sourcing.

    - PTI

    12:00 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Spanish Economy Minister Carlos says, 'Pause in tariff by Trump administration an opportunity for talks'

    After US President Donald Trump announced a pause on its reciprocal tariffs for 90 days, Spanish Economy Minister Carlos Cuerpo said that the suspension of levies for three months is an opportunity for dialogue, during an interview with a newspaper on Sunday.

    "The pause announced by the United States government is an opportunity to promote dialogue, an open door to negotiation, and this is how we in the European Union are understanding it," Cuerpo told the La Vanguardia newspaper.

    11:56 (IST) 13 Apr 2025
    Trump Tariffs LIVE Updates: Moody's predict US trade uncertainties to undermine biz confidence, adversely impact growth in Asian region

    The uncertainties surrounding the US trade policy via President Donald Trump's imposition of reciprocal tariffs and backtracking on it, except for China will undermine business confidence and consumer sentiment and adversely affect Asian economy, Moody's Ratings said.

    Moody's Ratings Senior Vice President Nicky Dang told PTI that "An escalation of US-Sino tensions and the spillover effects from a slowdown in China pose significant downside risks to the (Asian) region's growth prospects. Economies with large domestic markets, such as India, may benefit from companies seeking access to these markets but any major shift in investment flows would occur over several years."

    Trump had imposed reciprocal tariffs on all its global trading partners ranging from 10% to 50% on April 2, but revoked it later, except for China on which the US administration has imposed 145% levies.

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