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INSTANT VIEW-Global stocks, and yields, nosedive as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX a...Reuters
Thu, Apr 3
Fitch cuts China credit rating on debt risks amid trade tensions
Fitch cuts China's credit rating by one notch to 'A'Cites rapidly rising debt, worsening public financesChina ramps up stimulus to shield economy from US tariffsFinance ministry describes Fitch downgrade as 'biased'By Kevin Yao BEIJING, April 3 (Reuters) - Global ratings agenc...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - U.S. President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Here are latest rea...Reuters
Thu, Apr 3
ECB's Kazimir: US tariffs already factored into worse scenarios
European Central Bank (ECB) board member Peter Kazimir said on Thursday that the United States' tariffs, to a large extent, are already factored into their forecasts among the worse scenarios that they must brace for, per Reuters.Fxstreet
Thu, Apr 3
US senators seek to rein in Trump tariff authority
WASHINGTON, April 3 (Reuters) - Two senior lawmakers on the Senate Finance Committee are introducing legislation seeking to rein in President Donald Trump's ability to impose tariffs and would require congressional approval for new levies within 60 days.Republican Senator Chuck Grassley and Demo...Reuters
Thu, Apr 3
Canada posts surprise trade deficit in February
Canada trade deficit for February was at C$1.52 billionTotal exports in February dropped by 5.5% to C$70.11 billionFebruary exports were second highest since May 2022Imports rose by 0.88% to C$71.63 billion in FebruaryBy Promit MukherjeeOTTAWA, April 3 (Reuters) - Canada unexpectedly swung into a tr...Reuters
Thu, Apr 3
Trade war may cut Czech GDP growth by 0.6-0.7 pct point this year, minister says
PRAGUE, April 3 (Reuters) - A trade war started by the imposition of U.S. tariffs on imports may cut Czech economic growth by 0.6-0.7 percentage point this year, Czech Finance Minister Zdenek Stanjura said on Thursday."The trade war which (U.S. President) Donald Trump initiates by his steps is a...Reuters
Thu, Apr 3
India says studying impact of 27% US tariff, vows to push trade deal
India's non-tariff barriers hurt US exports, White House saysIndia says studying impact of tariff and likely opportunitiesNew Delhi vows to push ongoing talks for 2025 trade deal with USUS move could push India towards other trade blocs, expert saysIndian markets largely unperturbed, recover aft...Reuters
Thu, Apr 3
US service sector growth nearly brakes in March
Services PMI falls to nine-month low in MarchInput prices still elevated; services employment shrinksBy Lucia Mutikani WASHINGTON, April 3 (Reuters) - The U.S. services sector slowed to a nine-month low in March,backing expectations that economic growth likely braked sharply in the first quarter ...Reuters
Thu, Apr 3
Countries need to allow in more US products to bring down tariffs, Lutnick says
By David LawderWASHINGTON, April 3 (Reuters) - The Trump administration is talking to all major trading partners throughout the world about ways to bring down President Donald Trump's new tariffs, Commerce Secretary Howard Lutnick said on Thursday, adding that they will have to change their rule...Reuters
Thu, Apr 3
US big banks slump on Trump's tariff announcement
** Shares of big U.S. banks fall in early trading after President Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries ** The tariffs appeared to target about 60 countries - base 10% tariffs go into effect on April ...Reuters
Thu, Apr 3
