In a dramatic response to escalating US trade tariffs, New Zealand cuts interest rates, raising concerns about a global recession. Markets across Asia tumble as Trump's new tariffs take effect. Discover the potential fallout and what it means for economies worldwide.
In a recent visit to Mar-a-Lago, Treasury Secretary Bessent emphasized that Trump's tariff discussions are disconnected from market realities, urging a focus on the endgame amidst China's missteps.
After a tumultuous trading session, Asia's financial markets are showing signs of optimism, with Japan's Nikkei leading the gains. Analysts attribute this rebound to a natural market bounce and developments in US-China trade relations.
Tensions escalate as Trump threatens China with a 50% tariff unless it retracts its counter-tariff. The potential trade war sends global markets into turmoil, with significant impacts on US-China trade relations.
