Trump Tariffs Live Updates: the markets fall throughout Asia while the President of the United States unleashes the fears of the global commercial war

The equity markets throughout Asia fell on Thursday morning at the opening after the President of the United States Donald Trump has announced large new rates on imports.

Tokyo Nikkei 225 dropped by 4 % in the first exchanges before partially recovering to close 2.9 percent less to 34,675.97 on Thursday. The Kospi of South Korea slipped by 1.5 percent, while Hang Kong’s Hang Sentg fell by 1.4 percent.

The Shanghai composite is slightly immersed by less than 0.1 percent and the Australian Asx 200 fell by 1.3 percent.

The President of the United States Donald Trump has announced a 26 % rate on India despite the aggressive efforts of New Delhi to avoid his anger.

Trump revealed the rates late on Wednesday, calling them “discounted” and “mutual”.

They include a universal rate of 10 % for all countries and territories, increasing for those who consider it too much on American goods.

“The United States charge other countries only a 2.4 percent rate on motorcycles. In the meantime, Thailand and others are loading much higher rates, such as 60 %.

India charges 70 %, Vietnam charged 75 % and others charge even higher rates, “he said yesterday.

India had tried to avoid a commercial war with its greatest commercial partner, already imposing preventive tariff cuts before the recent visit of Prime Minister Narendra ways to the White House.

The two-way trade has exceeded $ 118 billion in the tax year 2023-2024, with India that published a surplus of $ 32 billion.

“India, very, very hard. Very hard. Very hard. The prime minister is gone. He is a great friend of mine, but I said: ‘You are a friend of mine, but you are not dealing with it,” Trump said.

“They accuse us 52 %. You have to understand, we do not load almost anything for years, years and decades, and it was only seven years ago, when I entered, that we started with China,” he added.

The Indian Ministry of Commerce has already reduced the samples of maximum weight bikes with engines exceeding 1,600 cc from 50 % to 30 % and on 40 % smaller models, respecting the long -standing demand of the American president.

The Chinese Ministry of Commerce urged the United States to immediately cancel the unilateral tariff measures and correctly resolve the differences with commercial partners through an equal dialogue.

“Many commercial partners have expressed a strong dissatisfaction and a clear opposition,” said the ministry in a statement this morning. China firmly opposes this and will definitely take countermeasures to safeguard its rights and interests, he said.

President Donald Trump announced yesterday that he would have imported a basic rate of 10 % on all imports to the United States and higher duties on dozens of other countries. The rates will take effect on April 9th.

Chinese imports will be affected by a 34 %rate, in addition to 20 %which previously imposed, bringing the new total withdrawal to 54 %.

The prime minister will face some Brickbat for not having won a cut by the rates with what many see as a false approach to Donald Trump, writes David Maddox, The IndependentPolitical publisher.

But while the world digests the splendid news of the mutual rates unleashed all over the world, Sir Keir Starmer can take a certain satisfaction from his work and hope that for the United Kingdom there is at least a rapid resolution in this nightmare.

Since Downing Street has been quickly underlined, the minimum rate of 10 % that is imposed in the United Kingdom is much better than others, in particular the EU. This is literally the difference between saving and losing many thousands of jobs.

There have been positive noises from Downing Street who, despite the issues relating to the free concerns of the United States, the United Kingdom and America, are close to a commercial agreement that would even see these rates go away.

However, there is a highly anticipated aspect.

So, while Starmer and his ministers can take some satisfaction now from their efforts, there is still a lot of work in advance and high altitudes. These rates sweep away the economic change of the Chancellor Rachel Reeves.

A non -elimination of them will leave the government of the United Kingdom in many troubles.

At least one Brexiteer suggested that European manufacturers move their activities in the United Kingdom to benefit from the 10% lower rate compared to 20% in the EU.

The head of the British Chambers of Commerce states that the new rates will cause chaos for corporate communities globally, increasing prices, but that the retaliation rates should only be the last resource.

Shevaun Haviland, general manager, said: “The government has maintained a fresh head so far and must continue to negotiate. This is a marathon not a sprint and get the best deal for the United Kingdom is what matters most.

“But nobody will escape repercussions from these decisions, there will be an increased risk of commercial diversion and will cause chaos on company communities all over the world. Orders will decrease, the prices will increase and the global economic demand will be weaker accordingly. This is a loss situation for everyone.

“Therefore, it is vital that the government does not give up the negotiations. The rates can be raised at any time and the United States have reported its will to make some form of agreement with us.

“The United Kingdom is not without influence, our bilateral trade with the United States is worth £ 300 billion, we have invested £ 500 billion there and has 700 billion pounds related to our economy. There is a high level of co-dependence and we are talking to companies throughout the united kingdom on the options to be considered to be considered to be considered by the government.”

He said that tax decisions should be taken very carefully and that the government should keep everything on the table during the interviews, but the retaliation rates should only be the last resource.

“Many companies, in particular SMEs, will now have to face difficult decisions and we urge the government to do everything possible to provide them with practical support.”

Italian Prime Minister Giorgia Meloni said that the new Trump rates are wrong and hoped to work with the United States and Europe to avoid a commercial war that would have weakened the West.