Wall Street ends lower on fresh tariff threats
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
One year into his return to the White House, President Donald Trump has used tariffs, military operations and immigration crackdowns to drive an expansive vision of U.S. power that is generating strong resistance abroad and sharpening political divides at home.
U.S. President Donald Trump's threat of imposing trade tariffs on European countries is a maximalist move designed to force concessions on Greenland, according to geopolitical analyst Ana Evans.
The German and French finance ministers said on Monday that European powers would not be blackmailed and that there would be a clear and united response to U.S. President Donald Trump's threats of higher tariffs over Greenland.
European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
Thousands of protesters rallied across Denmark on Saturday in a show of solidarity with Greenland after Donald Trump threatened to use economic pressure, including tariffs, and did not rule out force to secure U.S. control of the Arctic island, demonstrators and organisers said.
The United States has announced plans to impose a phased-in tariff on select Nicaraguan goods beginning 1 January, according to a statement from the U.S. Trade Representative (USTR) on Wednesday (10 December).
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
The United States will reduce import duties on South Korean automobiles to 15%, effective retroactively from 1 November, according to an announcement by U.S. Commerce Secretary Howard Lutnick on Tuesday.
The United States government announced Monday that it will exempt pharmaceuticals, pharmaceutical ingredients, and medical‑technology products originating from the United Kingdom from current and future U.S. tariffs as part of a newly negotiated trade agreement in principle.
Britain’s finance minister, Rachel Reeves, announced on Friday that she intends to raise approximately £500 million ($655 million) annually by eliminating the tariff exemption for individual goods imported into the UK that cost under £135.
U.S. President Donald Trump removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro.
The United States and China have reached a tentative agreement to curb the flow of chemicals used to make fentanyl, marking a rare moment of cooperation between the two rivals.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of November, covering the latest developments you need to know.
U.S. Supreme Court justices expressed scepticism on Wednesday about the legality of President Donald Trump’s wide-ranging tariffs, in a landmark case that could have major consequences for the global economy and test the limits of presidential power.
China is exploring the establishment of a trilateral currency swap agreement with Japan and South Korea.
Colombia said on Monday it has recalled its ambassador from Washington after U.S. President Donald Trump said he would raise tariffs on the South American nation and stop all payments to it, intensifying a feud stemming from U.S. military strikes on vessels allegedly transporting drugs.
U.S. Vice President JD Vance said Washington holds greater leverage than China in the deepening trade standoff, after President Donald Trump announced 100% tariffs on Chinese imports and new export restrictions on critical software.
U.S. President Donald Trump reignited the trade conflict with Beijing on Friday, ending a fragile truce between the world’s two largest economies by announcing a sharp rise in tariffs in retaliation for China’s decision to restrict critical mineral exports.
British Prime Minister Keir Starmer begins a two-day visit to India on Wednesday, joined by more than a hundred leaders from the business, culture and university sectors in an effort to promote a recently signed trade deal.
Brazilian President Luiz Inacio Lula da Silva and U.S. President Donald Trump agreed to meet in person following a friendly video call on Monday, raising hopes of improving relations strained by tariffs and political disputes.
South Korea’s used car industry is experiencing record growth this year, with surging exports helping cushion the impact of steep U.S. tariffs on new vehicles.
President Donald Trump said that he plans to impose a 100% tariff on any movies produced outside of the United States. He made the announcement in a Truth Social post on Monday.
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