Elon Musk called for a "zero tariff" trade deal between the U.S. and Europe, opposing Trump's new tariffs, and advocating for a free trade zone.
Trump's new tariffs raise construction costs, but exempt key materials like lumber and copper. Chinese imports face a 34% levy, while EU goods are taxed at 20%.
Markets and Trump pressure the Fed for a rate cut, with traders betting on five cuts this year, starting in May. Trump urges the Fed to act faster.
Oil prices dropped nearly 3% after an 11% fall last week, amid trade war fears. Saudi Arabia cut export prices for May, following an OPEC+ output increase.
Japan's Nikkei dropped 7.8% to 31,136.58, hitting a 1.5-year low, with bank stocks plummeting 17% amid global recession fears from rising tariffs.
Thousands protested across the U.S. on Saturday, with over 20,000 rallying at the National Mall against Trump and Elon Musk's push to expand presidential power.
Bill Ackman urges Trump to pause the trade war, warning it could harm business, investment, and the U.S. reputation if escalated.
New Zealand will increase defense spending by NZ$9B over 4 years, aiming for 2% of GDP in 8 years, amid rising global tensions, says PM Christopher Luxon.
Senator Chuck Grassley introduced a bill requiring congressional approval for new tariffs, following Trump's announcement of new import taxes.
China announced new countermeasures, including 34% tariffs on U.S. goods and export curbs on rare earths, escalating the trade war. The tariffs start April 10.
Visa launched Aric Risk Hub, an AI-driven platform to help banks and financial institutions combat fraud and financial crime effectively.
Global spending on financial market data and news reached $44.3bn in 2024, rising 6.4%, slower than the previous year's growth.
Japanese bank shares fell 10% on fears U.S. tariffs could harm global growth, delaying rate hikes. Mitsubishi UFJ, Japan's largest bank, saw a 10% drop.
Volvo will increase its investment in a truck factory in Nuevo Leon, Mexico, to $1 billion, with construction costs for the Monterrey site rising.
Macron urged European companies to halt planned investments in the U.S. after Trump announced global tariffs, calling for clarity on the situation.
The EU and U.S. must de-escalate their trade dispute, leaving wine and spirits untouched, says Florent Morillon, warning of market share loss for the Cognac industry.
The U.S. trade deficit narrowed 6.1% to $122.7B in February, but high imports continued as businesses rushed to avoid tariffs, affecting Q1 economic growth
Trump's approval rating dropped to 43%, the lowest since his return, due to dissatisfaction with tariffs and the Yemen military strike, a Reuters/Ipsos poll showed.
Nike, Adidas, and Puma shares dropped after Trump imposed new tariffs on key sourcing markets, including Vietnam, Indonesia, China, and others, raising rates significantly.
Tesla's Q1 sales dropped 13%, the lowest in nearly three years, hit by Musk's politics, rising competition, and delays in launching new models like the Model Y.
South Korea's acting President Han Duck-soo urged talks with the U.S. to protect the economy from tariffs and ordered emergency support for businesses.
Tim Stokely's startup, Zoop, has partnered with the Hbar Foundation to submit a plan to acquire TikTok from ByteDance, sending their bid to the White House.
The latest U.S. trade tariffs could weaken a fragile global economy, already hit by inflation, debt, and geopolitical issues, possibly marking a shift in globalization.
ECB's Christine Lagarde warned that Trump's planned tariffs will have a global negative impact, with the extent depending on their scope, duration, and negotiations.