06:02
Trump warns Iran: no nuclear deal, no patience
Talks between Washington and Tehran may be happening, but President Donald Trump says time is running out.
From relief to recoil: Trump’s China tariff hike fuels market volatility and dollar decline
Reuters
Markets fled to safety Thursday as Trump escalated tariffs on China to 125%, triggering a surge in gold, yen, and bonds. Despite a brief equity rally, investor confidence in U.S. trade policy and the dollar continues to erode.
Financial markets witnessed a swift flight to safety on Thursday after U.S. President Donald Trump intensified his trade war with China, sharply raising tariffs while simultaneously suspending levies on other nations for 90 days. Investors flocked to safe-haven assets such as the Japanese yen, Swiss franc, and gold, while U.S. Treasury bonds rallied, putting the dollar under broad pressure.
Despite Asian equities surging on hopes of eased trade tensions, Trump’s move to single out China with a staggering 125% tariff rate—up from 10%—sparked fresh market anxiety. The Chinese yuan briefly fell to its lowest level since 2007 before slightly recovering. Meanwhile, the Aussie and Kiwi dollars, initially hit due to close trade ties with China, regained momentum as the risk rally spread to Europe.
Analysts noted a growing crisis of confidence in U.S. trade leadership, citing the administration’s erratic policy shifts. ANZ analysts highlighted concerns over the long-term credibility of the U.S. dollar, while others warned of lasting economic damage.
With markets on edge, investors remain cautious, questioning whether temporary policy reversals can offset the uncertainty wrought by Trump’s aggressive trade manoeuvres.
23:55
Trump and Bukele refuse return of man deported despite court order
The United States has no plans to bring back a man it deported to El Salvador, despite a court order and pressure from advocates, U.S. President Donald Trump and Salvadoran President Nayib Bukele said on Monday during a meeting at the White House.
14:45
Deportation talks
Trump to meet El Salvador's president over deportation issues
U.S. President Donald Trump is set to meet with El Salvador’s President Nayib Bukele at the White House today, amid growing controversy over the deportation of migrants to El Salvador’s notorious high-security prisons, where many detainees face allegations of gang affiliation and harsh c
13:30
South Korea, Vietnam agree to boost economic ties amid looming US tariffs
South Korea and Vietnam agreed on Monday to deepen economic cooperation and accelerate joint efforts to mitigate the impact of looming U.S. tariffs, following a ministerial meeting in Hanoi.
12:51
Strategic Diplomacy
Xi Jinping begins Vietnam visit amid rising U.S. trade tensions
Chinese President Xi Jinping arrived in Hanoi on Monday to begin a two-day state visit aimed at deepening strategic and economic relations with Vietnam, as both countries navigate mounting trade pressures from the United States.
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