Trump's tariff policy
Trump sees buying opportunity on the stock market: "Everything will work out"
Donald Trump thinks it's a great time to buy stocks and claims on his own platform Truth Social that everything will work out, shortly after the stock market opens on Wednesday.
"Take it easy! Everything will work out. The United States will be bigger and better than ever," the president writes.
The broad S&P500 rises in early trading after Treasury Secretary Scott Bessent expressed hope for an agreement with the United States' trading partners.
Trump: "Countries are kissing my ass" for tariff agreements
US President Donald Trump mocks world leaders who want to sign trade agreements with the country, AFP reports. In a speech at the National Republican Committee Dinner, he said that countries are "dying" to make a deal with the United States.
- Countries are calling us and kissing my ass.
He also said that countries are begging and pleading to try to reach an agreement.
– Please, please sir, agree to an agreement. I will do anything. I will do anything, sir, he said, mocking the leaders.
The US imposed 104 percent tariffs on Chinese goods overnight Wednesday, Swedish time. Beijing has promised to fight a trade war "to the end" with Trump.
Trump sees buying opportunity on the stock market: "Everything will work out"
Donald Trump thinks it's a great time to buy stocks and claims on his own platform Truth Social that everything will work out, shortly after the stock market opens on Wednesday.
"Take it easy! Everything will work out. The United States will be bigger and better than ever," the president writes.
The broad S&P500 rises in early trading after Treasury Secretary Scott Bessent expressed hope for an agreement with the United States' trading partners.
Trump: "Countries are kissing my ass" for tariff agreements
US President Donald Trump mocks world leaders who want to sign trade agreements with the country, AFP reports. In a speech at the National Republican Committee Dinner, he said that countries are "dying" to make a deal with the United States.
- Countries are calling us and kissing my ass.
He also said that countries are begging and pleading to try to reach an agreement.
– Please, please sir, agree to an agreement. I will do anything. I will do anything, sir, he said, mocking the leaders.
The US imposed 104 percent tariffs on Chinese goods overnight Wednesday, Swedish time. Beijing has promised to fight a trade war "to the end" with Trump.
Voices about tariffs
Professor: China ready to take the brunt of a full-scale conflict
"It's very scary." This is how Kalle Moene, an economics professor at the University of Oslo, reacts to China's latest response in the tariff war with the US.
China announced on Wednesday that it plans to raise tariffs on goods from the US to 84 percent, an increase of 50 percentage points compared to previous announcements. The announcement came after the US's 104 percent tariffs on goods from China came into effect.
According to Moene, China is showing no signs of backing down from a tariff war with the US. Instead, he believes, it sees the conflict as an opportunity to bring the rest of Asia closer to itself.
– You can now see that China is willing to take the cost of a full-scale conflict with the US. I think it sees an opportunity to increase its influence in Asia, he tells Dagens Næringsliv.
Professor: China ready to take the brunt of a full-scale conflict
"It's very scary." This is how Kalle Moene, an economics professor at the University of Oslo, reacts to China's latest response in the tariff war with the US.
China announced on Wednesday that it plans to raise tariffs on goods from the US to 84 percent, an increase of 50 percentage points compared to previous announcements. The announcement came after the US's 104 percent tariffs on goods from China came into effect.
According to Moene, China is showing no signs of backing down from a tariff war with the US. Instead, he believes, it sees the conflict as an opportunity to bring the rest of Asia closer to itself.
– You can now see that China is willing to take the cost of a full-scale conflict with the US. I think it sees an opportunity to increase its influence in Asia, he tells Dagens Næringsliv.
Reactions to the tariffs
EU gives green light to introduce retaliatory tariffs against the US
EU member states say yes to introducing retaliatory tariffs against the US, AFP learns, citing diplomats.
According to leaked information, the new tariffs cover around 1,600 products. The majority of the tariffs are at 25 percent and are a response to the steel and aluminum tariffs that the US announced in early March.
“The EU believes that the US tariffs are unfair and cause economic damage to both sides as well as to the global economy,” EU Commission President Ursula von der Leyen wrote in a statement.
TT writes that the tariffs will come into effect in three phases. First on April 15, then in mid-May and finally in early December.
EU gives green light to introduce retaliatory tariffs against the US
EU member states say yes to introducing retaliatory tariffs against the US, AFP learns, citing diplomats.
According to leaked information, the new tariffs cover around 1,600 products. The majority of the tariffs are at 25 percent and are a response to the steel and aluminum tariffs that the US announced in early March.
“The EU believes that the US tariffs are unfair and cause economic damage to both sides as well as to the global economy,” EU Commission President Ursula von der Leyen wrote in a statement.
TT writes that the tariffs will come into effect in three phases. First on April 15, then in mid-May and finally in early December.
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