Trump's Auto Tariff Revokes Trade War – Markets Plunge, Japan & Europe Furious, Economic Chaos
Video Credit: Oneindia - Duration: 33:25s - Published
Trump's Auto Tariff Revokes Trade War – Markets Plunge, Japan & Europe Furious, Economic Chaos
Trump's Auto Tariff Revokes Trade War – Markets Plunge, Japan & Europe Furious, Economic Chaos
In a stunning trade war escalation, President Trump has imposed a massive 25% tariff on all imported cars, sending shockwaves through global markets.
Tokyo stocks plummeted, and major automotive-exporting nations like Japan, South Korea, and Europe are outraged.
How will Trump's Auto Tariff impact the global economy?
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In a revealing interview with The Atlantic, U.S. President Donald Trump claimed he’s now “running the world” and is enjoying his second term far more than his first. He described his current leadership role as “fun,” despite calling it “serious stuff.” Trump also addressed past remarks about a potential third term, brushing them off as unlikely. His comments—while dramatic—spark new debates about power, global influence, and political ambition as the Trump era continues to stir global headlines.
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US stocks drop again following another day of market volatility
The dramatic fluctuations came after global stock rallies earlier in the day, with indexes rising 6% in Tokyo, 2.5% in Paris, and 1.6% in Shanghai.
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Hanami celebrations begin in Tokyo as cherry blossoms reach their peak
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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Pacific threatened by cooperation between China, North Korea and Russia says US commander
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Former President Donald Trump has officially ordered urgent tariff negotiations with India, Japan, and South Korea — a bold move signaling a massive shift in U.S. economic strategy. Acting South Korean President Han Duck-soo confirmed the directive following a direct call with Trump. With U.S. tariffs paused and strategic talks kicking off, the Indo-Pacific economic balance is on edge. Will this be the start of a new trade war or the formation of a stronger alliance against China’s growing influence?
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