Live updates of the Trump rates: the president says that Starmer “very happy” with the UK rate after Asian markets dive again

Donald Trump said Sir Keir Starmer “was very happy” with the new rates of 10 % of Washington on the UK assets.

“We have an excellent dialogue. I think it was very happy with how we treated them with rates,” said the president of the United States to journalists on Air Force One.

Trump added that he was open to negotiations on rates if the countries offered “something so phenomenal”.

Speaking at the launch of his local government campaign to Chesterfield Thursday, Sir Keir said that the world was at the beginning of a “new economic era” in which “we have to act and guide differently”, describing the response to the rates of Mr. Trump as “not just a short -term tactical exercise”.

The prime minister said: “It is the beginning of a new era, we must understand that, just as we have for defense and security, we must understand the world that changes when it comes to trade and economics”.

Turkey wants to negotiate with the United States to raise the 10 % additional rates announced by President Donald Trump, said the Minister of Commerce Omer Bolat this morning.

“We want to discuss the issue in negotiations with the United States Department of Commerce and Commerce … since there is a surplus of $ 2.4 billion in favor of the United States in the exchanges between the two countries for 2024,” he said in a note.

Donald Trump’s vast tariff campaign presents a “significant risk” for global economic perspectives “in a moment of slow growth”, the head of the International Monetary Fund has warned.

The managing director Kristalina Georgieva said that officials were still evaluating the macroeconomic implications of the tariff plans that Mr. Trump announced this week.

“It is important to avoid steps that could further damage the world economy,” the global markets said yesterday.

“We appeal to the United States and its commercial partners to work constructively to solve commercial tensions and reduce uncertainty,” he added.

Donald Trump has signed an executive order to close a commercial escapade known as “de minimis” which allowed low value packages from China and Hong Kong to enter the United States free of duties.

The move seems to be a huge blow to fast fashion companies such as China Shein and Temu, which managed to expand quickly to the United States through the almost century de minimis domain. This tariff exemption will end on May 2, said the White House on Wednesday.

Asian actions have slipped further today after the rates of the President of the United States Donald Trump have sent chills through financial markets to a shock level that has not been seen since Covid-19 has affected the world markets in 2020.

Trump has announced a minimum rate of 10 % on global imports, with the much higher tax rate on products from some countries such as China and those of the European Union. Smaller and poorer countries in Asia have been slapped with rates up to 49 %.

Tokyo 225 Nikkei lost 4.3 percent, while South Korea Kospi sank 1.8 percent. The two US allies said they were focused on the negotiation of lower rates with the administration of Trump. S&P/ASX 200 Australian dropped by 2.2 percent. In other negotiations this morning, the US dollar dropped to 145.39 Japanese Yen from 146.06.

Yen is often used as a refuge in uncertain times, while Trump’s policies are understood in part to weaken the dollar to make goods made in the United States more competitive at the price abroad. The euro earned $ 1,1095 from $ 1,1055.

The president of Taiwan Lai Ching-te has declared that he will offer the “biggest support” to the industries affected by the new rates.

Lai recognized that Taiwan had a commercial surplus with the United States, but that much of the Taiwan industries that tried to satisfy the United States demand for Taiwan information technology products.

“We believe that this is unreasonable and we are also worried about the subsequent impact that these measures could have on the global economy,” said Lai in a declaration on Facebook.

The president declared that he had commissioned the premier Cho Jung-tai to work closely with the industries that are affected and to communicate with the public on their plans to stabilize the economy.

The supporters of the free trade in the old Republican Party Guard piled up on Donald Trump while the stock market brushed brownly on Thursday in response to the tariff plan of the White House.

The announcement of Wednesday of the rates on the whole edge on almost all the countries that export goods to the United States sent spiral markets to After Hour Trading, which consolidated in a strong drop on Thursday morning. Reuters reported that the first losses of US jobs from increases in the import rates took place in Michigan and Indiana, where the Stellantide car manufacturer announced hundreds of “temporary” layoffs due to minimum production structures in Mexico and Canada.

The signs of the repercussing from the conservative circles were already evident on Wednesday afternoon, while a handful of Senators of the Gop including the former leader of the majority Mitch McConnell sided with the Democrats to condemn the commercial action of the President.

According to reports, Vietnam asked the United States to postpone the heavy 46 % rate imposed by Donald Trump, which will be implemented on April 9th.

The government, which has been slapped with one of the highest rates, says “there is still room for discussion and negotiation” between the two parts.t

The rates will have a “negative impact” on Vietnam exports, the government said on its website.

“We believe that the decision is not in line with the reality of mutually advantageous economic and commercial cooperation between the two countries,” the spokesperson for the Vietnam Ministry of Foreign Affairs Pham Thu Hang told Reuters.

The United States are the largest export market in Vietnam and in 2021 exports to the United States were assessed at $ 142 billion, almost 30 % of the country’s GDP. The commercial surplus of Vietnam with the United States exceeded $ 123 billion last year.