Tag: Trump tariffs

Global Bank Leaders Scramble to Manage Fallout from Trump's Tariffs

In a bid to tackle the upheaval caused by President Trump's tariffs, top global banking leaders convened for an emergency meeting, addressing market turmoil and recession fears. The discussion, spearheaded by the Bank Policy Institute, included prominent figures like JP Morgan's Jamie Dimon. Concerns over trade wars and economic instability were at the forefront, with UK officials actively engaged as markets continued to destabilize.

Trump's Tariff Move Shakes Global Markets and Sparks Debate

President Trump's new tariffs, set to kick off on April 5, shake up global trade dynamics with a 10% baseline and steeper rates for countries with trade deficits. Asian markets have reacted with volatility, though some show signs of recovery. Major trade partners like India and South Korea face significant challenges, while vital sectors like semiconductors are shielded from new tariffs.