Tariffs
Semiconductor, shipbuilding shares in Singapore slump on heat from Trump tariffs; glovemakers mixed
[SINGAPORE] Stocks in certain industries listed in Singapore suffered hits of varying severity on Friday (April 4) following US President Donald Trump’s “Liberation Day” tariffs. As at 10.52am, the...
Trump tariffs could stymie Big Tech’s US data centre spending spree
US PRESIDENT Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration,...
Trump tariffs could stymie Big Tech’s US data centre spending spree
US PRESIDENT Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration,...
Oil dives more than 6%, steepest fall in 3 years on tariffs, Opec+ supply boost
[HOUSTON] Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after Opec+ agreed to a surprise increase in output the day after US President Donald...
Stellantis Feels the Heat of Trump’s Tariffs as Carmaker Fires Hundreds of Workers and Halts Production at Its Mexico and Canada Plants
Stellantis said on Thursday that it was temporarily laying off 900 employees across five U.S. locations following President Donald Trump's tariff announcement. The automaker also said that it is...
US: Wall Street opens sharply lower as Trump tariffs trigger recession fears
[NEW YORK] Wall Street’s major indexes plunged on Thursday (Apr 3), as President Donald Trump’s sweeping tariffs on major trade partners ignited fears of an all-out trade war and...
Euro jumps over 2% against dollar after hefty US tariffs
[LONDON] The euro rallied more than 2 per cent against the dollar on Thursday (Apr 3) and was set for its best day in more than nine years as...
Mercedes weighs moving some car production to US over tariffs
[BERLIN] Mercedes Benz Group is considering shifting the production of another vehicle model to the US in response to Donald Trump’s 25 per cent auto tariffs.The move may be...
