Market panic deepens as world scrambles to temper Trump tariffs

Quick Summary:

TOKYO - Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president.

Trump's staggered deadlines have left space for some countries to negotiate, even as he insisted he would stand firm and his administration warned against any retaliation.

China retaliated against the United States on Friday, announcing it would impose tit-for-tat tariffs of 34% on all US goods from April 10 after Asian markets closed last week.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIsraelJapanSaudi ArabiaSingaporeTaiwanUkraineUnited StatesVietnam

Topics: Market President Tariffs Countries Trade Markets Monday Sunday United Trump Insisted

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 09:15:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 846 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 27639096

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About Bangkok Post

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Official Website: bangkokpost.com

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News Last Updated: 8 hours ago

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