Germany has urged the European Union to respond firmly to President Trump’s 25 percent tariffs on cars and car parts, which will go into effect on April 3 and impact automakers like BMW, Mercedes-Benz, and Volkswagen. European officials, including Germany’s economy minister and France’s finance minister, have criticized the move, warning of negative consequences for global trade. The European auto industry, facing increased competition and transformation, is concerned about the potential for a trade war and its impact on jobs, economic growth, and consumer prices.
Full Article
Stocks Sink as Trump’s Tariff Threats Weigh on Confidence
Stocks in Asia tumbled on Monday as investors prepared for potential market turmoil due to expected tariffs from President Trump on America's major trading partners. Japan's Nikkei 225 and Taiwan's Taiex indexes dropped nearly 4 percent, while South Korea's stocks were down almost 3 percent. Futures on the S&P 500 also slumped, reflecting concerns about inflation and weak consumer sentiment following Mr. Trump's unpredictable trade policies and threats of tariffs on various countries, adding to...
Read more