The panic came after the US president on his so-called Liberation Day unveiled a blitz of levies aimed at correcting trade deficits

White House told reporters that a "baseline" 10 percent tariff would start on 12:01am (0401 GMT) on April 5

Trump said that a baseline tariff of 10 percent would be imposed on imports from a wide range of other countries

US President Donald Trump was poised to unveil sweeping new “Liberation Day” tariffs yesterday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war.

Inflation reached 2.2 percent, calmed by an easing of energy tariffs,prices in the services sector

"To me, the most beautiful word in the dictionary is 'tariff,'" Trump repeatedly said on the campaign trail for the 2024 election.

The IMF has conducted research showing that uncertainty around trade can have a negative impact on the economy and hold back growth.

Google will be prohibited from displaying its own related services in search results in preference to similar services from other companies.

Vietnam, which runs a $123.5 billion trade surplus with the United States, is a prime target.

Bullion touched an all-time high of $3,148.88 on Tuesday.

Equities have been battered leading up to the US president's announcement -- which he has dubbed "Liberation Day" -- with warnings that friend and foe are in the crosshairs after what he says is years of "ripping off" the United States.

Japan and South Korea are seeking to import semiconductor raw materials from China

Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by US President Donald Trump’s latest tariffs.

The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in “arrears”, the WTO’s spokesman said Friday.

As President Donald Trump launches his tariff war against both friends and foes of the United States, concerns are once again surfacing about the US dollar’s future as the global reserve currency.

Gross domestic product expanded 1.1 percent in 2024, up from an initial estimate of 0.9 percent, the Office for National Statistics (ONS) said in a statement.

While the implementation of the tariffs had been anticipated for weeks, their details surprised manufacturers and experts as the levies will not only apply to imports of finished vehicles but parts as well.

Mother vessels can no longer berth directly at Payra

For more than half a century, the dollar has defied the doom-mongers. And the most likely prospect is that it will continue to do so

US President Donald Trump’s tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.