The penalties announced by Trump on Wednesday triggered a plunge in world financial markets on Thursday and drew condemnation from other leaders
As Asia digested the news, Japan’s Nikkei share index slumped to an eight-month low, with US and European stock futures also diving
The United States imposes a 2.5 per cent tariff on passenger vehicle imports, while India imposes 70 per cent, the White House said in a statement
Trump’s tariff policies could flare up inflation, slow economic growth and escalate trade disputes
The vastness of Magna’s facility in Michigan underscores its role as a key cog in the intricate global auto supply chain
US West Texas Intermediate crude futures rose 8 cents, or 0.08 per cent, to $66.44 a barrel
Brent futures fell 24 cents, or 0.3 per cent, to $70.80 a barrel at 0500 GMT
The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01am EST (0501 GMT)
The dollar index was set for a weekly gain of 0.7 per cent so far, making greenback-priced gold more expensive for foreign buyers
Chinese investments in the UAE have increased by 16 per cent, while UAE investments in China soared by 120 per cent.
The bunker volumes were up 3.7 per cent from December, but down 6.8 per cent compared to the same month last year
The dollar index hovered near a two-month low as traders assessed recent weaker-than-expected US economic data
The market is slightly overbought, which can create some technical profit booking after nearing the $3,000 level
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view
The US leader substantially raised tariffs on steel and aluminium imports on Monday to a flat 25 per cent
China’s Finance Ministry said it would impose levies of 15 per cent for US coal and LNG and 10 per cent for crude oil
The US dollar shot to a record peak against the Chinese yuan in offshore trading
She announced the launch across social media
The US imposed its toughest sanctions on Russian producers and tankers yet on January 10
The UAE-Mauritius CEPA is set to deepen trade and investment ties, and streamline market access for businesses, in both countries
The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds