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Apr 3, 2025 - World

Escalating a global trade war, US President Donald Trump unleashed a barrage of reciprocal tariffs to match duties put on US goods by other countries.

Apr 3, 2025 - World

US Treasury Secretary Scott Bessent on Wednesday warned trading partners that any retaliation to the barrage of new tariffs from the White House would only result in further escalation.

Apr 3, 2025 - World

Ursula von der Leyen says tariffs a ‘major blow’ to world economy after US President Trump targets allies on what he dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessThe new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Apr 3, 2025 - World

Follow today’s news liveAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the first episode of our new narrative podcast series: GinaSee all our Australian election 2025 coverageGet our afternoon election email, free app or daily news podcastTrump says tariffs to be placed on pharmaceuticalsTrump says he’ll be putting in place reciprocal tariffs on pharmaceuticals, at half the rate “they have been charging us”.Australia … they’re wonderful people, and wonderful everything, but they ban American beef. Yet we imported $3bn of Australian beef from them just last year alone. They won’t take any of our beef. They don’t want it because they don’t want it to affect their farmers and, you know, I don’t blame them but we’re doing the same thing, right now starting at midnight tonight, I would say. Continue reading...

Apr 3, 2025 - World

While announcing his country's "reciprocal tariffs" on those who tariff the United States, Donald Trump recalled his brief remark to Prime Minister Narendra Modi regarding trade ties with India, when the two leaders met in Washington recently.