Trading floors were overcome by a wave of selling as investors fled to the hills

Gold fell more than 3 percent on Friday, erasing gains from earlier in the week, as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global recession.

The approval was given last month, says Ashik Chowdhury

The Southeast Asian country posted a trade surplus of over $123 billion with the US

The president's 10-percent "baseline" rate on goods from most US trading partners except Mexico and Canada took effect Saturday.

"I hope that the United States and Europe can establish a very close partnership," Musk said in a video address to a gathering of the Italian hard-right party La Liga.

India’s economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest US tariffs, which would prompt deeper interest rate cuts by the central bank, analysts said.

The event is scheduled to begin in Bangladesh on April 7

More tariffs equal more anxiety and uncertainty, says the National Retail Federation (NRF)

The USFIA said the fashion industry will be disproportionately impacted by the sweeping tariff measures

A manufacturing powerhouse that counted the United States as its biggest market last year, Vietnam was hammered with a thumping 46 percent tariff

The new tariffs target all major suppliers of apparel, footwear, and travel goods, industries that already face some of the highest tariff rates in the US trade system.

Trump on Friday extended by 75 days a deadline for ByteDance to sell US assets of the popular short video app to a non-Chinese buyer

The 19th century marked the golden age of tariffs in the United States, with an average rate regularly flirting with 50 percent.

"It is now becoming clear that the tariff increases will be significantly larger than expected," Powell told an event in Virginia in prepared remarks.

China's broader plan unveiled Friday marks a "pretty significant warning shot" to the Trump administration to hold off further measures

The trade gaps, said the White House, were driven by an "absence of reciprocity" in relationships and other policies like "exorbitant value-added taxes."

The extent of the latest bout of tariff slaps across so many countries has come as a major shock and is unprecedented

The penalties announced by Trump on Wednesday triggered a plunge in world financial markets and drew condemnation from other leaders reckoning with the end of a decades-long era of trade liberalization.

Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 54 percentage points in the 10 weeks since the US president took office.