European shares sank for the fourth consecutive session yesterday, as a world fairness market rout continued, triggered by the current announcement of U.S. President Donald Trump’s tariffs regime. In the meantime, India’s benchmark home indices, the Sensex and Nifty, plummeted by round three % amidst escalating commerce tensions. Amid this turmoil within the international inventory market, world leaders have rallied towards Trump’s tariff measures.
British Prime Minister Keir Starmer has mentioned that the newly imposed U.S. tariffs on UK items pose a critical risk to each the worldwide economic system and Britain’s industrial base. Talking at Jaguar Land Rover’s (JLR) manufacturing plant within the West Midlands, Starmer emphasised that the 25 % tariff on automotive exports and 10 % tariff on different items characterize a big problem for the nation’s future.
Russian spokesperson Dmitry Peskov criticised the US for its sweeping tariff hikes, accusing it of undermining international financial stability. Throughout a each day briefing yesterday, Peskov mentioned that Russia is carefully monitoring the present scenario, which stays extremely risky and emotionally charged. Peskov mentioned that the US-imposed tariffs on quite a few international locations have created a local weather of financial pressure and pessimistic international market projections. He added that the Kremlin will do all the pieces crucial to reduce the implications of this international financial turmoil for our economic system.
In the meantime, the Chief Adviser of the Interim Authorities of Bangladesh, Professor Muhammad Yunus, has despatched a letter to US President Donald Trump requesting him to postpone the applying of a 37 % US reciprocal tariff on Bangladeshi merchandise for 3 months. He additionally proposed tariff cuts on US merchandise, together with high US export gadgets equivalent to fuel generators, semiconductors and medical gear within the Bangladesh market, mentioned a press release from the Chief Adviser’s Press Wing.
