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China vowed not to bow to “blackmail” from the United States as a global trade war ignited by US President Donald Trump’s sweeping tariffs showed little sign of abating on Tuesday, even as battered stock markets steadied. The rebuke came after Trump threatened to ratchet up tariffs on US imports from the world’s No. 2 economy to more than 100% on Wednesday in response to Beijing’s decision to match ‘reciprocal’ duties Trump initially unveiled last week. “The US side’s threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side’s blackmailing…

Tariffs lead to market uncertainty Investors ‘moving away from equities’ 40 Gulf IPOs had been expected Steep declines in stock markets since President Donald Trump set out sweeping tariffs will almost certainly delay initial public offerings in the Gulf, analysts have told AGBI. Markets around the world have tumbled since the US president announced his plans for import taxes last Wednesday. Saudi Arabia’s Tadawul All-Share Index had its biggest one-day fall since the 2008 financial crisis on Sunday. European shares crashed to a 16-month low on Monday. “I would think IPOs would be delayed until this uncertainty abates,” said Scott…

BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war spells bad news for the majority of the global economy, there are still a number of areas that could outperform during the volatility, according to Powell, BlackRock’s chief investment strategist for APAC and the Middle East. “At BlackRock we’re very excited about our prospects here…

The Saudi Ports Authority (Mawani) has announced the addition of Milaha’s new shipping service, “MILAHA INTA GULF EXPRESS,” to King Abdulaziz Port in Dammam. This new service aims to enhance maritime connectivity between Saudi Arabia and the world while supporting national exports and imports.This development is part of Mawani’s ongoing efforts to strengthen strategic partnerships with major regional and global shipping lines, aligning with the objectives of the National Transport and Logistics Strategy to establish the Kingdom as a global logistics hub connecting the three continents, SPA reported. The new shipping service, with a total capacity of 1,015 TEUs, links…

President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war. Trump’s threat, which he delivered on social media, came after China said it would retaliate against US tariffs announced last week. “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!…

President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war. Trump’s threat, which he delivered on social media, came after China said it would retaliate against US tariffs announced last week. “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!…

The event reflects the company’s commitment to building interactive communities and enhancing quality of life beyond units deliveryDar wa Emaar Real Estate Investment & Development company hosted an open community event to celebrate Eid Al Fitr at its Saraya Al Narjis project in northern Riyadh. The event, which was held in line with its commitment to building integrated communities that enhance quality of life, witnessed wide participation from residents and visitors across the city.The celebration featured a festive atmosphere with live entertainment, activities for children and adults, and complimentary food and beverages for all attendees. The initiative aimed to create…

Base metal prices in China tumbled on Monday amid escalating trade war concerns and recession fears, while London metals flipped to a decline after rising on arbitrage trading. The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 7.0% to 73,640 yuan per metric ton as of 0805 GMT, hovering near its lowest level in over three months since January 3. SHFE market was closed last Friday for a holiday. “The retaliatory tariff makes us worry about trade war, which will impede economic growth globally,” a metals trader said. Top metals consumer China hit back on Friday with additional…

Monday’s stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis. Analysts called the falls “historic” and some even described it as a “bloodbath”, recalling previous collapses since the start of the last century. Global stocks crashed in March 2020 after the World Health Organization declared Covid-19 a pandemic, putting much of the world under lockdown. On March 12, 2020 — the day after the announcement — Paris fell 12 percent, Madrid 14 percent and Milan 17 percent. London dropped…

After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats this week by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States. Global markets cratered the day after the announcement and then fell further when China announced it would retaliate with tariffs equal to the ones the US is imposing. In announcing what he has called reciprocal tariffs, Trump was fulfilling a key campaign promise by raising US taxes on foreign goods to narrow the gap with the…