WORLD
India’s reciprocal tariff set at 26% as US clarifies rate confusion
In the annex document, India’s rate was originally listed at 27%, rather than the 26% shown previously by Trump, before later being revised down to 26%
WORLD
Asia bears brunt of Trump tariffs, needs to ease, say economists
The Trump administration’s tariffs come at a time when Asian economies are already grappling with tepid growth, with sticky inflation keeping some central banks on high alert
WORLD
Asia shares fall after worst Wall Street day since 2020
Japanese shares sank to the lowest level since August. Markets in China and Hong Kong are closed
BUSINESS
Trump tariffs wipe out $2 trillion from US stock market
The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown
BUSINESS
Donald Trump’s second term brings worst stock market start since 2001
The S&P 500 Index is virtually in a correction over the 52 trading sessions since Trump swore the oath of office Jan.
BUSINESS
Bitcoin succumbs to risk asset slump as Donald Trump launches tariffs
Donald Trump announced that he will apply a minimum 10% tariff on all exporters to the US and slap additional duties on around 60 nations with the largest trade imbalances with the US.
BUSINESS
Emerging-market investors brace for ‘body blow’ from US tariffs
Public reaction from governments in developing nations was muted in the immediate aftermath of Trump’s announcement
BUSINESS
Trump tariffs set to wipe out nearly $2 trillion from US stocks
Few stocks in the US were unscathed with the biggest ETF tracking the S&P 500 on pace for its biggest decline since 2022. More than 90% of companies in the S&P 500 were trading lower at 8 a.m. in New York, with over half of its 500 stocks down at least 2% in premarket trading.
WORLD
Trump imposed world's highest tariff on this tiny African kingdom
Lesotho, among the world’s poorest countries, was hit with a rate of 50%
WORLD
White House annex shows slight tariff level changes for some
In the annex document, India’s rate was listed at 27%, rather than the 26% shown previously.
WORLD
It's 27% for India, not 26%: White House annex shows slight tariff level changes for some countries
In the annex document, India’s rate was listed at 27%, rather than the 26% shown previously
WORLD
Trump’s ‘reciprocal’ tariff formula is all about trade deficits
USTR detailed a formula that divides a country’s trade surplus with the US by its total exports, based on data from the US Census Bureau for 2024
BUSINESS
Gold hits record as Trump’s tariff spree sparks haven demand
Investors are flocking to gold as concerns mount over the health of the global economy. The precious metal has surged 20% this year after a ferocious run in 2024.
BUSINESS
Tariff shocker can be India’s chance at trade reform
A complete repudiation of the discredited ideology of self-sufficiency is overdue, and a global trade war offers an excuse for Modi to rebrand himself as the antithesis of Trump, writes Andy Mukherjee
BUSINESS
Tesla sales slump to lowest since 2022 amid anti-Elon Musk backlash
Demonstrations have picked up in recent weeks in response to Musk asserting himself in Washington and beyond in support of far-right candidates and causes
BUSINESS
Donald Trump’s trust opens the door to tapping $2.1 billion media stake
Trump Media & Technology Group Corp. shares slumped 8.6% in pre-market trading after the company filed on April 1 to register up to 142.5 million shares and warrants for sale.
WORLD
China restricts companies from investing in US as tensions rise
Several branches of China’s top economic planning agency the National Development and Reform Commission have been instructed in recent weeks to hold off on registration and approval for firms that are looking to invest in the US the people said asking not to be identified discussing sensitive issues.
COMPANIES
Air India to get last of 50 Boeing jets made for Chinese peers
Boeing was able to divert 737 Max jets built for Chinese carriers, including Shanghai Airlines Co., as they deferred taking deliveries following regulatory concerns
BUSINESS
India tech startups worth $100 billion seen seeking IPOs by 2027
Online retailer Flipkart, payments firm PhonePe and lodging provider Oyo Hotels are among the companies seeking to list
MARKETS
Kotak targets $2 billion for new private credit fund
The fund will offer a range of financing options including acquisition funding, equity-backed loans, and annuity assets that generate steady cash flow, said Lakshmi Iyer
WORLD
Trump tariff rollout opens new era of risk for global economy
Some $33 trillion in global trade is in the crosshairs and countries from Brazil to China face between a 4% to 90% drop in their exports to the US, according to Bloomberg Economics.
WORLD
Federal workers get second Musk buyout offer
This time the offers are being made agency-by-agency as part of each department’s mandate to reduce the size of its workforce. Deadlines and rules for eligibility differ by department.
BUSINESS
Gold holds ground below record ahead of Trump’s tariff reveal
The White House and Trump have been reticent to provide details of the targets and scale of the levies, which will apply right after they are rolled out at a 4 pm event in Washington.
WORLD
US senator attacks Trump, Musk's policies in record-long speech. It lasted for over 24 hours
The speech broke a record set by Senator Strom Thurmond, a South Carolina Democrat, who spoke for 24 hours and 18 minutes
