WASHINGTON: The White House confirmed on Tuesday (Apr 1) that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war. Trump has for weeks trumpeted Apr 2 as aContinue Reading
HONG KONG: A plunge in automakers hit Asian and European equities on Thursday (Mar 27) after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Indications that levies lined up for the president’s “Liberation Day” onContinue Reading
“SIGNIFICANT IMPACT” South Korea’s steel industry has faced intense pressure in recent years as it grapples with oversupply – particularly from China – and a decrease in global demand. The US tariffs are likely to intensify those challenges, and analysts warn that should cheap Chinese steel barred from the USContinue Reading
