Trump, BRICS and tariffs
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Asia stock markets declined on Monday after President Trump confirmed that significant tariffs will start on August 1, not July 9. Treasury Secretary Bessent mentioned tariffs would return to April 2 levels for non-agreement countries.
US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.
Most stock markets in the Gulf reversed early losses to close higher on Wednesday as investors appeared unfazed by latest tariff threats from U.S. President Donald Trump.
President Donald Trump is threatening an extra 10% tariff on nations that side with the "anti-American" policies of BRICS. Here's what that means.
US stock market today took a dip as President Trump announced fresh tariff threats, shaking investor confidence. The Dow, S&P 500, and Nasdaq all closed lower on Monday, with Tesla stock sliding amid political uncertainty.
Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on Japan, South Korea and other nations, set to take effect on Aug. 1.
Indian markets now face a new hurdle. Just as the country awaited the fine print of a potential trade deal with the US, it now has to contend with an additional tariff threat. US President Donald Trump on Monday threatened to impose an additional 10% tariff on BRICS countries.