US stocks plunge, suffer biggest losses since Covid-19 crash amid escalating trade war
Updated report by Reuters – published by CNA and Thai Newsroom New York – Wall Street nosedived for a second straight day on Friday (Apr. 4), after China said it would strike back at US President Donald Trump with additional tariffs of 34 percent on American goods, escalating a trade war that has rattled […]
Read MoreTrump’s ‘tariffquake’ marks the end of US leadership globally
THE sweeping tariffs imposed by US President Donald Trump have been termed the end of globalisation and free trade. In fact, it marks the end of US leadership worldwide. If trust is the most important criteria of leadership, the US has clearly lost the trust of the vast majority of countries and the global […]
Read MoreThai economist calls for setting up ‘war room’ to cope with Trump’s 36% tariff
A BANK of Thailand Monetary Policy Committee member suggested Thailand urgently set up a “war room” to cope with a raft of punishing tariffs US President Donald Trump announced earlier today (Apr.3) targeting countries around the world with Thailand hit with 36%, Naewna newspaper said. Dr. Santitarn Sathienthai, who is also an adviser on […]
Read MoreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of […]
Read MoreTrump announces 10% tariff on all imports, with higher rates for some trading partners
By AFP and published by CNA Washington – US President Donald Trump on Wednesday (Apr. 2) unveiled a raft of punishing tariffs targeting countries around the world including some of its closest trading partners, in a move that risks sparking a ruinous trade war. Thailand has been hit with a 36 percent reciprocal tariff. Speaking […]
Read MoreThailand may see hit of up to $8 billion from US tariffs, says official
By Reuters and published by CNA THAILAND could suffer a $7 billion to $8 billion hit from potential US tariffs if the US administration were to even up levies between the two countries, but it has a strategy for trade negotiations, senior officials said today (Apr. 2). Thai semiconductor exports may face tariffs of […]
Read MoreGlobal automakers say Trump’s tariffs will be painful for them and US consumers
By AP and published by Yahoo!Finance Frankfurt, Germany – Whatever domestic economic gain comes from US President Donald Trump’s new 25% tax on imported cars – and experts are sceptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest […]
Read MoreTrump places 25% tariff on imported autos
By AP and published by Canadian Press and Yahoo!News Washington– US President Donald Trump said on Wednesday (March 26) he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will […]
Read MoreFed holds interest rates steady amid high uncertainty about Trump tariffs
By Reuters and published by CNA Washington – The US central bank held interest rates steady on Wednesday (March 19), and while its policymakers indicated they still expect to reduce borrowing costs by half a percentage point by the end of this year, Federal Reserve Chair Jerome Powell made it clear they would wait […]
Read MoreAsian countries in the crosshairs of Trump tariffs
By Reuters and published by Yahoo!Finance and Naewna newspaper AS US President Donald Trump’s new trade tariffs on China, Mexico and Canada kick off, sparking another trade war, countries in Asia’s complex and integrated global supply chain are in the crosshairs. The following graphics illustrate Asia’s exposure to US tariffs on China and the […]
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