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Global stocks mixed as tariff uncertainty looms
European and Asian markets struggled for direction and gold hit a fresh high Tuesday as traders kept a nervous eye on Donald Trump’s next tariff moves.The US president has lived up to his campaign pledges to resume his hardball trade diplomacy, signing off on steel and aluminium tariffs and warning of more measures to come.While …
Trump signs orders for steel, aluminum tariffs to start March 12
US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China.The European Union swiftly vowed to retaliate with “firm and proportionate countermeasures”.In an executive order released Monday, Trump said: “As of March 12, 2025, …
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New Zealand rethinks opposition to deep-sea mining
New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country’s resources minister told AFP on Tuesday. Resources Minister Shane Jones said opposition to the fledgling industry was rooted in “shrill” environmental alarmism and “luxury beliefs” that ignored the need for economic growth. New Zealand backed a ban on deep-sea mining under …
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Asian markets mixed as tariff uncertainty looms large
Asian markets struggled on Tuesday as traders keep a nervous eye on Donald Trump’s next moves after he signed off on tariffs for steel and aluminium imports and warned of more measures to come.The US president has lived up to his campaign pledges to resume his hardball trade diplomacy to extract concessions on a range …
Asian markets mixed as tariff uncertainty looms large Read More »