Updates on Trump’s Tariffs: Wall Street has opened lower today,

Updates on Trump’s Tariffs: Wall Street has opened lower today, despite some progress being made in the trade talks, and Trump has a Cabinet meeting later todayTrump Tariffs News Updates: The US stock market closed sharply lower Thursday (S&P 500 -2.1%, Nasdaq -2.7%), falling from its third-greatest day in history. Investors are still weighing what the latest round of US-China tariffs mean for the tech sector. Chinese retaliation of 84% tariffs took effect Thursday and is heightening tensions between the two nations. Following the increased US import duties of 125% in Trump’s tariff war, Chinese foreign ministry warned, that “will end in failure”. China’s foreign ministry announced a somewhat strong stance of We’re not afraid of US pressure but the commerce department said it hopes to talk on basis of mutual respect and cooperation.

Asian stocks surge: Asian stocks climbed sharply on Thursday, echoing Wall Street’s gains on Wednesday after President Trump paused most of his global tariffs. Japan’s Nikkei gained 9.1%, South Korea’s Kospi added 6.6%, and a composite index in Taiwan, gained 9.25%, while Hong Kong’s Hang Seng rose 2%. Key Chinese indices also gained, but the focus for investors was still on the response from Beijing because Trump not only excluded China from pausing the tariffs but he also raised the duties on exports from China to 125%. This came after Beijing imposed 84% tariffs on US goods, driving tensions even higher, as markets enjoyed the temporary declination of tariffs. European equity markets are also looking to post one of their best sessions since 2020 as investors react to last night’s u-turn from Trump. London’s FTSE 100 is up 307 points, or 4%, to 7985, on track for its best day since November 2020.