European Union member states have paused retaliatory tariffs for 90 days, choosing to keep negotiating room open while the trade shock ripples through currencies and stock markets.
Harare has started an initial US$3 million payout under a 2020 agreement that will eventually compensate approved former farm owners through cash and bonds.
Universal says it will build its first European theme park and resort on a 476-acre former brickyard near Bedford, with construction expected to begin next year and opening targeted for 2031.
Ottawa has answered Washington’s auto tariffs with reciprocal duties, putting more pressure on a North American supply chain already strained by trade politics.
Beijing’s finance ministry raised tariffs sharply after Washington lifted duties on Chinese goods, pushing the trade war into another round of escalation.
President Lai Ching-te said Taiwan has no plans to strike back after Trump’s new tariffs, even as the wider tariff dispute rattled markets and drew sharper responses from China.
Stocks across Asia and Europe fell sharply after Donald Trump’s tariff announcement triggered fresh fears about growth, inflation and a wider trade war.
European Commission President Ursula von der Leyen kept a proposal covering all industrial goods on the table on April 7, 2025, while warning that Europe was prepared to retaliate if negotiations failed.
The US president’s proposed escalation could lift total duties on Chinese imports as high as 104%, intensifying a global trade dispute and adding to investor concerns.
Beijing said the new duties will start on April 10 and apply to all imports from the United States, answering Trump’s latest tariff escalation with a broad counterstrike.
Nintendo delayed US pre-orders for the Switch 2, while card-grading company PSA halted direct submissions from overseas customers as both businesses assessed exposure to new tariffs.
The United States imposed a minimum 10% tariff on most countries but left several nations off the new list, citing sanctions or existing trade measures, before markets fell sharply the following day.
The White House says the tariffs will begin on April 2 for vehicles, with duties on car parts following later, intensifying pressure on global auto supply chains.
British supermarket chain Morrisons says it will close dozens of cafes, stores and in-store services as it tries to redirect investment and compete in a tougher grocery market.
Chief executive Christian Sewing said the lender plans further job cuts and branch closures in Germany as it pushes to improve profitability in its retail banking business.