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Markets
Crude oil prices drop 6% as OPEC output rises and Trump's tariffs hit
Crude oil prices plummeted to near multi-year lows following President Trump’s reciprocal tariff announcement, with a larger-than-expected production increase by OPEC and its allies adding further pressure to the sell-off.
Business
Trump open to tariff negotiations as Wall Street wipes out trillions
US President Donald Trump signalled openness to negotiations regarding the announced reciprocal tariffs on Thursday, as US stock markets nosedived on tariff shocks. Wall Street experienced its worst session since the 2020 pandemic period.
Business
Trump unveils minimum 10% tariff on imports to US and 20% on the EU
US President Donald Trump announced the long-awaited “Liberation Day” reciprocal tariffs at the White House Rose Garden. Global markets shifted into “risk-off” mode, with US stock futures tumbling sharply and gold surging to a new high.
Economy
Trump's 'Liberation Day': Tariffs to take immediate effect
The White House has confirmed that President Trump’s tariffs will take immediate effect upon their announcement. Global markets showed signs of recovery on the first trading day of April, though analysts remain divided on the market outlook.