The European Union plans to introduce countermeasures against US tariffs as early as April 15 for the first package, and tariffs for the remaining goods will come into effect from May 15.
As a result of floods and tornadoes in a number of US states, 20 people have died. Most of the victims are in Tennessee, Missouri and Kentucky, the storm is moving east, causing rain and thunderstorms.
Trump stated that if China does not abolish the 34% duty by April 8, the United States will introduce an additional 50% duty from April 9. Negotiations with China will be terminated.
Ursula von der Leyen stated that the EU aims to expand business with other countries due to US tariffs. A working group is also being created to monitor dumping in EU markets.
Due to Trump's policies, tourists are canceling trips to the United States. Canada, Australia, Europe are changing travel directions due to the deterioration of humanitarian policy.
The media reported that Trump plans to suspend tariffs for all countries except China. However, the White House called this message a fake and denied this information.
Audi has stopped exporting cars to the USA in response to Trump's new tariffs. The company wants to sell shares that are already in the USA.
Expert talks between Russia, China and Iran on Iran's nuclear program will take place in Moscow. The trilateral meeting will discuss aspects related to the nuclear issue.
Ursula von der Leyen stated that the EU has proposed zero tariffs on industrial goods to the United States and is ready for countermeasures. Vietnam also wants to reduce tariffs for the United States to zero.
Robert Habeck said Elon Musk's comments on zero tariffs are a sign of fear. He called on Musk to demand that Trump end the trade war.
Due to Trump's tariffs and the trade war, the situation in the markets is deteriorating. US stocks are falling, and Asian markets are suffering from their worst week since the pandemic.
Investment bank Goldman Sachs raised the probability of a recession in the US to 45% due to the escalation of Trump's "trade war". Other banks have also worsened their forecasts due to fears of inflation and retaliatory measures.
The Philippines and the United States have launched joint military exercises Cope Thunder, which will last 12 days. The purpose of the exercises is to increase combat readiness and improve joint missions in the face of the threat from China.
The UK government plans to close hundreds of state institutions to reform the state apparatus and reduce costs. The reforms will not affect those quangos that oversee the work of the government.
The price of Russian Urals oil has decreased due to the strengthening of sanctions. According to the head of the Center for Countering Disinformation of the National Security and Defense Council, the critical price will be an indicator of 40 dollars per barrel.
On April 7, Tesla shares fell 10% to $214. 80, below Howard Lutnick's forecast. Overall, shares have fallen 50% from their December high due to Elon Musk's political controversies.
Naruhito and Masako bowed at the memorial, marking the 80th anniversary of the Battle of Iwo Jima. The island, where thousands of soldiers died, is closed to civilians.
China is tightening control over the export of rare earth metals in response to US tariffs, which could affect global supplies. The restrictions apply to seven types of metals.
A WSJ poll revealed a split in Americans' views on aid to Ukraine. 79% of Republicans are against financial support, while 83% of Democrats are in favor.
The enemy destroyed agricultural infrastructure, including vegetable storage facilities, which causes a large amount of products to spoil. Restoration of storage infrastructure will help curb prices.
The Taiwanese stock market experienced the largest single-day drop in history due to investors' concerns about Trump's duties. TSMC, Foxconn and MediaTek were most affected.
US stock index futures and Asian stocks fell sharply after Trump announced he would maintain large-scale tariffs. The fall occurred amid fears of a global economic recession.
The Finnish Minister of Defense called on NATO to have a clear action plan in case of the withdrawal of US troops from Europe, in order to avoid a window of opportunity for Russian aggression. He emphasized coordination with EU initiatives.
Chinese leadership is considering stimulating consumption, birth rates, and export subsidies due to US tariffs. A stabilization fund to support the stock market is being discussed.
Nintendo has delayed pre-orders for the Switch 2 in the US due to uncertainty over Trump's tariffs. The company's shares fell by 10%, despite the planned release of the console on June 5.
Bulgarian police are suspected of involvement in cigarette smuggling worth over 6 million euros. Politician Delyan Payevski may also be involved in the scandal.
Preliminary, an electric car Nissan LEAF caught fire due to a short circuit. The spokesman of the State Emergency Service denied rumors about the explosion, explaining that the bang could have been caused by a short circuit.
The head of the Central Bank of Greece, Yannis Stournaras, said that the trade war will have an impact on Europe's economic growth. Tariffs may lead to a decrease in inflation below the ECB's targets.
WTI oil prices fell due to escalating trade tensions between the US and China, raising fears of recession and falling demand. OPEC+ accelerated production increases.
EU finance ministers will discuss the creation of a joint EDM fund to purchase defense equipment. The fund will be able to include countries such as Great Britain, Ukraine and Norway.