Trump Rates live updates: the markets collapse throughout Asia while the president of the United States causes fears of the global trade war

India's reference indices opened more this morning after the president of the United States, Donald Trump, slapped 26 percent of the imports of imports from the nation of southern Asia, but a temporary exemption of pharmaceutical products helped soften the blow.

The Nifty 50 dropped 0.60 percent to 23,192.40, while the Sensex BSE fell 0.61 percent to 76,153.68.

The Trump Rate announcement about India is part of its plan to impose a 10 percent basal rate on all commercial partners from April 5, with greater duties in dozens of other countries, including 34 percent in China since April 9.

“Tariffs are significantly higher than expected and will interrupt global trade and, therefore, global growth,” said Ankita Pathak, Macro strategist and advisor to the Founder of Global Equities of Ionic Asset.

“This is likely to seep in domestic growth, profits and, consequently, the valuations,” he said.

The United States Secretary of the United States, Scott Besent, warned commercial partners not to retaliate against Donald Trump's radical tariffs that could send a Tizzy economy to the world economy.

“My advice for all countries at this time is not to retaliate,” Besunt told Fox News.

“Sit, take it, let's see how it goes. Because if you retaliate, there will be a climb,” he warned. “If you do not retaliate, this is the water mark.

“China this morning urged the United States to reverse tariffs and resolve differences properly with commercial partners through the same dialogue.

China firmly opposes this and will take the countermeasures resolved to safeguard their rights and interests, said the Ministry of Commerce.

Japan has reacted strongly to the 24 percent tariffs of the president of the United States, Donald Trump, in imports, describing it as “extremely unfortunate.”

The Minister of Commerce, Yoji Muto, told journalists today that he has “transmitted that unilateral tariff measures taken by the United States are extremely unfortunate, and again I have urged strongly [Washington] Do not apply them to Japan. “

He said he spoke with the United States Secretary of Commerce, Howard Lutnick, before Trump's announcement.

Japanese prime minister, Shigeru Ihiba, said Tokyo, one of the strongest allies in the United States, was “making the largest amount of investment for the United States.”

“So we wonder if it makes sense (Washington) apply uniform rates to all countries,” he said.

“We need to consider what is best for Japan's national interest. We are putting all the options on the table when considering the most effective response.”

President Donald Trump imposed tariffs on the uninhabited islands and an American military base on Wednesday when he announced his generalized taxes.

Trump imposed tariffs on the Heard Islands and McDonald of Heard and McDonald in the Subantartic Indian Ocean, Axios noted.

The Unesco World Heritage site mostly presented in the Trump areas list that now face a minimum of 10 percent of tariffs in US imports, along with continental Australia.

The EU is preparing countermeasures after the president of the United States, Donald Trump, hit dozens of nations with “reciprocal tariffs” in what is seen as a “great blow” for the world economy.

“We are already finishing the first countermeasted package in response to tariffs on steel,” reads the head of the EU Ursula von Der commission read in a statement in Uzbekistan.

“And now we are preparing for more countermeasures to protect our interests and our businesses if negotiations fail.” The EU faces a tariff walk of 20 percent.

The stock markets in Asia fell on Thursday morning at the opening after the president of the United States, Donald Trump, announced new tariffs on imports.

Nikkei 225 of Tokyo fell up to 4 percent in early trade before partially recovering to close 2.9 percent lower than 34,675.97 on Thursday. Kospi from South Korea slipped 1.5 percent, while Hang Kong's Hang Seng fell 1.4 percent.

The Shanghai compound submerged slightly by less than 0.1 percent, and Australia ASX 200 decreased 1.3 percent.

The president of the United States, Donald Trump, announced a 26 percent tariff about India despite the aggressive New Delhi efforts to avoid his anger.

Trump announced the tariffs on Wednesday night, calling them “discounted” and “reciprocal.”

They include a 10 percent universal rate for all countries and territories, increasing for those who consider charging too much for US assets.

“The United States charges other countries only a rate of 2.4 percent on motorcycles. Meanwhile, Thailand and others are charging much higher rates, such as 60 percent.

India charges 70 percent, Vietnam charges 75 percent and others charge even higher rates, ”he said yesterday.

India had tried to avoid a commercial war with its largest commercial partner by imposing preventive tariffs before the recent visit of Prime Minister Narendra Modi to the White House.

The bidirectional trade exceeded $ 118 billion in fiscal year 2023-2024, with India publishing a surplus of $ 32 billion.

“India, very, very hard. Very, very hard. The prime minister left. He is a great friend of mine, but said: 'You are a friend of mine, but you are not treating us well,” Trump said.

“They charge us 52 percent. You must understand, we charge almost nothing for years and years and decades, and it was only seven years ago, when I entered, that we started with China,” he added.

The Indian Ministry of Commerce has already reduced the levies on heavyweight bicycles with engines greater than 1,600cc from 50 % to 30 % and in smaller models to 40 percent, which meet the long -standing demand of the US President.

The China Ministry of Commerce has urged the United States to immediately cancel unilateral rate measures and properly resolve differences with commercial partners through the same dialogue.

“Many commercial partners have expressed a strong dissatisfaction and a clear opposition,” said the ministry in a statement this morning. China firmly opposes this and will take resolved countermeasures to safeguard their rights and interests, he said.

President Donald Trump announced yesterday that he would impose a 10 percent reference rate to all imports to the US and higher tariffs in dozens of other countries. The rates will be valid on April 9.

Chinese imports will be affected with a rate of 34 percent, in addition to the 20 percent imposed, which carries the new total tax to 54 percent.

The prime minister will face some bricks for not winning a size of the tariffs with what many see as an advance approach for Donald Trump, writes David Maddox, IndependentThe political editor.

But as the world digests the impressive news of the reciprocal tariffs unleashed worldwide, Sir Keir Starmer can take some satisfaction of his work and hope that for the United Kingdom there is at least a quick resolution for this nightmare.

As Downing Street hastened to point out, the minimum 10 percent rate imposed in the United Kingdom is much better than others, especially the EU. This is literally the difference between saving and losing thousands of jobs.

There have been positive noises of Downing Street that despite the problems of freedom of expression of the United States, the United Kingdom and the United States are close to a commercial agreement that would even see these rates disappear.

Although there is much to wait and see that.

So, while Starmer and his ministers can take some satisfaction now of their efforts, there is still a lot of work ahead and high bets. These rates eliminate the economic space of Foreign Minister Rachel Reeves.

A failure to get rid of them will leave the United Kingdom government in many problems.

At least one Brexiteer has suggested European manufacturers by moving to their businesses to the United Kingdom to benefit from the lowest rate of 10% than 20% in the EU.