Trump's reciprocal tariffs spark global selloff amid recession fears
Asian stocks and major U.S. and European stock index futures tumbled Thursday morning following U.S. President Donald Trump's announcement of reciprocal global tariffs, fueling mounting fears of a trade war that could push the world into recession.
Speaking in the White House Rose Garden, Trump said Wednesday that he would impose a 10 percent "minimum baseline tariff" on all imports and held up a chart showing higher duties on some of the country's biggest trading partners, including 20 percent on the European Union, 24 percent on Japan, 34 percent on China and 49 percent on Cambodia.
Danish PM rebukes U.S. attempt to annex Greenland
Accusing the United States of subjecting Denmark and Greenland to "pressure and threats," Danish Prime Minister Mette Frederiksen on Thursday firmly rejected the U.S. attempt to annex the Greenland, citing international law.
"You cannot annex other countries -- not even under the pretext of international security," Frederiksen said at a press conference with Greenlandic officials in Nuuk, the capital of Greenland.
S. Korean president Yoon not to attend impeachment ruling
South Korean President Yoon Suk-yeol has decided not to attend the constitutional court's ruling on his impeachment scheduled for Friday.
U.S. reciprocal tariffs cause worldwide backlash
U.S. President Donald Trump's announcement of new reciprocal tariffs on imports from all trading partners has drawn backlash from countries around the world, with countermeasures already pledged by some.
European Commission President Ursula von der Leyen on Wednesday expressed deep regret over the U.S. move in a statement, calling it "a major blow to the world economy," and warned against a devastating impact.
U.S. stocks plunge on Trump's reciprocal tariffs
U.S. stocks tanked in the morning session on Thursday as investors were shocked by U.S. President Donald Trump's reciprocal tariff announcement.
The Dow Jones Industrial Average lost over 1,400 points, or 3.5 percent, to 40,747.76 as of 10:05 a.m. eastern time (1405 GMT). Meanwhile, the S&P 500 shed 218.81 points, or 3.86 percent, to 5,452.17. The Nasdaq Composite Index dropped by 796.85 points, or 4.53 percent, to 16,804.20.
Yemen's Houthis claim target U.S. aircraft carrier, shoot down drone
Yemen's Houthi military spokesperson Yahya Sarea said on Thursday that the group launched fresh attacks against the USS Harry S. Truman aircraft carrier in the northern Red Sea early Thursday morning, and had shot down a U.S. MQ-9 drone over the Yemeni western province of Hodeidah.
In a televised statement aired by Houthi-run al-Masirah TV, Sarea said several cruise missiles and drones targeted the aircraft carrier and escorting warships in response to the U.S. aggression on the group's positions across northern Yemen.
Pentagon's acting inspector general announces probe into Hegseth's use of Signal
The U.S. Defense Department's acting Inspector General Steven Stebbins said on Thursday he is beginning an "evaluation" of Defense Secretary Pete Hegseth's use of the Signal messaging app to discuss military operations, according to a memorandum.
The objective of this evaluation is to determine the extent to which the defense secretary and other Defense Department personnel complied with the department's policies and procedures for the use of a commercial messaging application for official business, the memorandum said.
Myanmar's earthquake death toll rises to 3,145
The death toll from a 7.9 magnitude earthquake in Myanmar has risen to 3,145, with 4,589 people injured and 221 missing, the Myanmar Radio and Television reported on Thursday.■
