Trump tariffs live updates: Markets plummet across Asia as US president sparks fears of global trade war

Stock exchanges across Asia fell on Thursday morning on the opening after President Donald Trump has announced the deletion of new rates to import.

Tokyo’s Nikkei 225 fell as much as 4 percent in early trade before it was partially recovered to accelerate 2.9 percent on Thursday lower than 34,675.97. The South Copy of Kospi slid 1.5 percent, while Hong Kong’s Hang Seng fell 1.4 percent.

Shanghai composite dipped a bit in less than 0.1 percent, and ASX ASX 200 was reduced by 1.3 percent.

U.S. President Donald Trump announced a terrif of 26 percent to India despite the new aggressive efforts of Delhi to avoid his wrath.

Mr. Trump presented the tariffs late on Wednesday late, calling them “reduced” and “reciprocal.”

These include a universal rate of 10 percent for all countries and territories, which are higher for those who consider themselves to be charged too much to American goods.

“The United States accumulates other tariff countries only 2.4 percent on motorcycles. Meanwhile, Thailand and others charge much higher rates, such as 60 percent.

India accused 70 percent, the Vietnam accused 75 percent, and others charge even greater rates, “he said yesterday.

India sought to avoid the trade war with his largest trading partner but by imposing a beautiful tariff before Prime Minister Irandra Modija’s recent visits to the White House.

A two-way trade exceeded $ 118 billion in Fiscal 2023-2024, and India sets a $ 32 billion.

“India, very, very heavy. Very, very hard. The Prime Minister just left. He is a great friend, but I’m my friend, but you’re not treating us, but he told me the Lord.

“They charge us 52 percent. We must understand them, we almost do not charge for years and years and for decades, and that was just seven years ago, when I entered China”, “he added.

The Indian Ministry of Trade has already reduced on heavy bikes with motorcycles above 1,600cc of 50 percent, 30 percent, and on smaller models up to 40 percent, in accordance with the long-term demand of the US President.

The Chinese Ministry of Trade called for the United States to immediately denounce unilateral tariff measures and properly address differences with trade partners through equal dialogue.

“Many trade partners expressed strong dissatisfaction and clear opposition,” the Ministry announced this morning in the statement this morning. China firmly opposes it and will be determined to take into account the countermeasures to protect her rights and interests, it was said.

The President Donald Trump announced yesterday that he would impose 10 percent of the basic tariff on all imports of American and higher duties for dozens of other countries. The tariffs will take effect 9. April.

Chinese imports will be affected by a 34 percent tariff, at the top of 20 percent, which was previously imposed, bringing the total new imposition to 54 percent.

The Prime Minister will face some brick due to failure to win a cut out of the tariff with what many see as a Failure Access Donald Trump, writes David Maddox IndependentPolitical editor.

But as the world digest the stunning news about reciprocal tariffs that are released around the world, Sir Keir Starmer cannot take some satisfaction from their work and have hope that the Great Britain will be fast resolution for this nightmare.

As the Downning Street was quickly highlighted, the minimum tariff of 10 percent, imposed in the UK is much better than others, the world’s most recent. It is a literal difference between saving and loss of many thousand jobs.

There were positive sounds from Dowing Street that despite issues about free speeches from the US, the United Kingdom and America are close to the trade agreement that would even see that these tariffs disappear.

There is although very waiting – and see it.

So, while the stars and his ministers can now take on some pleasure from their efforts, there are still a lot of work in front of and high roles. These tariffs wipe the economic head of Chancellor Rachel Reeves.

Failure to fulfill them will leave Government in the UK in a lot of problems.

At least one Brexites suggested that European manufacturers move their business to the UK to benefit from the lower 10% of the EU in the EU.

The head of the British Chamber of Commerce says the new tariffs will be relevant to the business communities on a global scale, driving prices, but that real-rated tariffs should be just the last place.

Shevaun Haviland, CEO, said, “The government has so far kept the cold head and must continue to negotiate. This is a marathon not sprint and gets the best offer for the UK is what is most important.

“But no one will escape from these decisions, there will be a robber of trade, and the ruin will rise to business communities around the world. Orders will descend, and prices will be a weaker situation for everyone.

“So, it is very important that the government does not give up negotiations. Tariffs can be abolished at any time and now they have signaled us to make some form of work with us.

“Great Britain is not without influence, our bilateral trade with the US has 300 billion pounds invested in £ 500 billion tied in our economy and discussing companies across the UK at the possibilities for consideration.”

She said that tax decisions would need to attend very carefully, and the government should keep everything on the table during the conversation, but retaliacar tariffs should only be the last place.

“Many companies, especially SMEs, will now face difficult decisions and persuade the government to do everything that can provide practical support.”

Italian Prime Minister Giorgia Meloni said new tariffs were g. Trump is wrong, and to hoping to work with the US and Europe to avoid the trade war that would weaken the West.