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Taiwan says US tariffs 'highly unreasonable'
Taiwan says US tariffs 'highly unreasonable'
Business and Economy
by  AFP

US President Donald Trump's tariffs were "highly unreasonable" and the government planned to start "serious negotiations" with Washington, Taipei said Thursday. "The Executive Yuan found the decision highly unreasonable and deeply regretted it, and will initiate serious negotiations with the United States," cabinet spokeswoman Michelle Lee said.

China says opposes new US tariffs, vows 'countermeasures'
China says opposes new US tariffs, vows 'countermeasures'
Business and Economy
by  AFP

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests". The Commerce Ministry in Beijing said in a statement that those tariffs "do not comply with international trade rules and seriously harm the legitimate rights and interests of the relevant parties".

Stocks tank, havens rally as Trump tariffs fan trade war
Stocks tank, havens rally as Trump tariffs fan trade war
Business and Economy
by  AFP

Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Oil also suffered big losses, with both main contracts down more than two percent on fears that the shock to economies would hit demand.