tariff pause

Rare harvests, ancient mother trees and silver buds picked at dawn: How tea became an unexpected luxury obsession

Ford CEO Jim Farley warns that Chinese electric vehicles entering the US market would be 'devastating' for American manufacturing. He argues for maintaining high tariffs, citing China's massive production capacity and potential cybersecurity risks. Farley also highlighted a critical shortage of skilled trades workers in the US, a concern he believes China addresses more effectively.

The White House denied formally requesting a ceasefire extension with Iran, despite ongoing diplomatic engagements. While cautiously optimistic about a deal, the US has made its "red lines" clear. Meanwhile, Pakistan's army chief visited Tehran with a potential new framework for talks, following previous negotiations that stalled over key issues like Iran's nuclear program.

After a delicate two-week truce, President Trump announced a "strategic shift" in Tehran, highlighting enhanced US-Iran cooperation to dismantle nuclear arsenals. He revealed intentions for both sanctions relief and potential tariffs on countries that supply weaponry to Iran. This interim measure is designed to create room for expansive talks on nuclear limitations and regional stability.

The RBI kept its policy rate at 5.25% for the second consecutive meeting, citing concerns over elevated crude oil prices and global uncertainties. Governor Malhotra expressed cautious optimism, assuring markets that temporary forex measures were aimed at curbing speculation and would be reviewed. The central bank also eased capital norms for banks to support credit growth.

Pakistan, Iran and the US all acknowledged China's role in enabling a last-minute US-Iran ceasefire.

What does this latest disruption mean for the growth prospects of Asian economies that are in large part dependent on oil and energy imports. Since the start of the Middle East conflict, passage of ships through the Strait of Hormuz has been curtailed.

The comments assume significance at a time when the US Supreme Court has struck down the tariffs that were imposed by the Trump administration, calling them illegal.

The White House refuted reports of President Trump considering a 90-day tariff pause, labeling the news as "fake." Market turbulence ensued after a social media post misinterpreted Kevin Hassett's comments, suggesting a potential suspension for all nations except China.

Indian seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the US after President Trump paused new tariffs. This decision brings relief as exporters can now process delayed shipments, avoiding significant additional costs. The US remains India's largest shrimp market, with exports valued at $2.7 billion in the last financial year.

Following a pause in retaliatory tariffs between the US and China, container shipping demand from China to the US surged dramatically. Container-tracking firm Vizion reported a 277% jump in TEUs in the week ending May 12.

US stocks sharply declined on Thursday, partially reversing Wednesday's gains, amid ongoing trade war anxieties. The S&P 500 fell 3%, the Dow dropped 981 points, and the Nasdaq slid 3.7%. Despite a tariff pause by President Trump, concerns persist over tariffs on Chinese goods and potential impacts on corporate earnings.

A U.S.-China tariff pause is pressuring manufacturing hubs like Vietnam and Mexico to secure better trade deals with the U.S. to maintain their competitive edge. These nations risk losing momentum in attracting companies seeking alternatives to China, as the tariff reprieve could slow supply chain diversification. Uncertainty persists, prompting companies to delay investments amid unpredictable policymaking.

Following President Trump's tariff pause announcement, the world's top 10 billionaires collectively gained $135 billion, with Elon Musk leading the surge at $35.9 billion. Mark Zuckerberg, Jeff Bezos, and Larry Ellison also saw significant increases. However, Bernard Arnault, CEO of LVMH, experienced a $5.70 billion loss, and the billionaires' collective net worth remains down for the year.

Amidst market turmoil, US President Donald Trump remains firm on his tariff policy, dismissing concerns from economists and market anxieties. He threatened China with increased tariffs if it doesn't reverse its trade practices by April 8th, 2025. Financial markets reacted sharply, with the S&P 500 briefly entering bear market territory.

Mexico President Claudia Sheinbaum announced a one-month pause on US tariffs after a phone conversation with President Donald Trump. Both countries also agreed to combat drug trafficking and the smuggling of high-powered weapons, focusing on security and trade cooperation by deploying 10,000 National Guard members to Mexico's northern border.

Canadian Prime Minister Mark Carney hailed President Trump's tariff pause as a positive step and announced upcoming negotiations for a new economic deal post-election. Despite existing trade tensions and retaliatory tariffs, Carney emphasized Canada's commitment to open trade and strengthening ties with like-minded partners amid potential global trade restructuring. He also warned that trade deals could fundamentally restructure the global trading system.

Bitcoin surged over 7% to $82,350 after former President Trump announced a 90-day pause on tariffs. The move boosted investor confidence, causing a rally in the broader crypto market, with Ethereum, Dogecoin, and Solana all gaining. Despite this short-term boost, experts caution that market uncertainty remains, with Bitcoin down 12% year-to-date.

US President Donald Trump agreed to pause planned tariffs on Mexico and Canada for 30 days due to steps taken by both countries on border security and drug trafficking. Canadian Prime Minister Justin Trudeau confirmed measures being put in place, while Mexico also reached a similar understanding.

Asian markets surged on Thursday after Trump announced a 90-day pause on most planned tariffs, replacing them with a reduced 10% Reciprocal Tariff. The move sparked a global relief rally, with Wall Street recording historic gains and Asian indices following suit. Japan’s Nikkei 225 soared over 2,000 points, and Taiwan's tech-heavy Taiex surged 9.2%.

Ursula von der Leyen acknowledged Trump's temporary tariff pause as a positive step for global economic stability, though the EU's response remains uncertain. Despite the halt, approved retaliatory tariffs on $23 billion in goods are still slated to proceed in stages, commencing in April. The EU emphasizes negotiated solutions and trade diversification, reaffirming its commitment to free and open exchange.

Rep. Marjorie Taylor Greene faces insider trading accusations after significant stock purchases in Dell, Amazon, and Lululemon during a market downturn caused by tariff concerns. Her investments rebounded following Donald Trump's tariff pause, raising questions about potential misuse of political knowledge. While Greene claims transparency and fiduciary management, calls for investigation persist amid concerns about congressional stock trading practices.

Apple stock rose sharply after US President Donald Trump paused reciprocal tariffs. This boosted Apple's market value significantly. The tariff relief impacted production in Vietnam and India. Apple had also expedited shipments from India to the US. Concerns remain about tariffs on goods from China. China's tariffs on US goods also raised worries for Apple.