South Korea Scrambles to Mitigate Impact of Harsh U.S. Tariffs on Exports

Apr 03, 2025 11:02 am UTC| Politics Economy Governance

South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President Donald...

Australia Criticizes Trump’s 10% Tariff, Rules Out Retaliation

Apr 03, 2025 11:01 am UTC| Politics Economy

Australian Prime Minister Anthony Albanese has condemned U.S. President Donald Trumps decision to impose a 10% tariff on Australian imports, calling it not the act of a friend. The move impacts Australian beef exports,...

Australia’s Trade Surplus Drops to Four-Year Low on Weak Exports, Strong Imports

Apr 03, 2025 11:01 am UTC| Economy

Australias trade surplus plummeted to its lowest level in over four years in February, as a sharp drop in exports and a rise in imports dealt a double blow to the countrys trade performance. The trade balance came in at...

Oil Prices Drop Amid Trump’s Tariff Announcement and Rising U.S. Crude Stockpiles

Apr 03, 2025 11:01 am UTC| Economy

Oil prices fell sharply Thursday following U.S. President Donald Trumps announcement of sweeping new tariffs on global trading partners, intensifying fears of a global trade war and weakening oil demand prospects. Brent...

Japan's Nikkei Tumbles as Trump Slaps 24% Tariff on Japanese Goods

Apr 03, 2025 11:01 am UTC| Economy

Japans Nikkei 225 plunged to an eight-month low on Thursday after U.S. President Donald Trump announced sweeping reciprocal tariffs, including a 24% duty on Japanese imports. The index dropped as much as 4.6% in early...

Gold Hits Record High as Trump Imposes Sweeping Trade Tariffs

Apr 03, 2025 11:01 am UTC| Economy

Gold prices surged to an all-time high in early Asian trading Thursday, fueled by rising safe haven demand after U.S. President Donald Trump announced sweeping trade tariffs. Spot gold soared to $3,165.64 an ounce, while...

Global Markets Rattle as Trump Unveils Sweeping New Tariffs

Apr 03, 2025 11:01 am UTC| Economy

The U.S. dollar fell sharply on Thursday after President Donald Trump announced sweeping tariffs on imports, sparking a global market sell-off. The move, targeting around 60 countries, includes a 10% baseline tariff on all...