Trump’s Trade War Sparks Global Market Chaos – April 8, 2025
Here's a rundown of some of the biggest world news stories for today, Tuesday, April 8, 2025, as per the latest available information:
Trump’s Trade War Sparks Global Market Chaos – April 8, 2025
1. **Global Trade War Intensifies with Trump's Tariffs**: U.S. President Donald Trump has threatened to raise tariffs on China further, triggering a severe response in global financial markets. The European Union is threatening counter-tariffs, while equity markets have suffered a third straight day of losses as investors fear a possible recession triggered by sharp trade barriers. Trump, though, is not worried about the market decline, doubling down on his trade policy.
2. **US-Iran Nuclear Negotiations Around the Corner**: Trump has made the declaration that the US and Iran will begin direct nuclear talks, the first in more than a decade, although Tehran argues that these would be indirect discussions. This signifies a dramatic turning point in diplomacy as tensions still continue to grow in the Middle East.
3. **KKR vs. LSG IPL 2025 Match**: In the world of sports, the Indian Premier League 2025 witnessed a thrilling match today between the Kolkata Knight Riders (KKR) and Lucknow Super Giants (LSG) at Eden Gardens in Kolkata. Commencing at 3:30 PM IST, the match has generated much interest among cricket enthusiasts across the world, with fantasy choices and team analyses trending popularly.
4. **Gold and Silver Prices Rise**: Precious metals are glimmering in the face of economic uncertainty, with gold futures breaching Rs 87,550 and silver touching Rs 89,000 on India's MCX. This upsurge comes after a huge equity market crash that erased Rs 14 lakh crore worth of investor wealth, increasing the attractiveness of safe-haven assets.
5. **Microsoft's AI Skills Fest Launches**: Microsoft launched its free AI Skills Fest today, through May 28, 2025. The 50-day event is intended to teach people around the world about generative AI applications, mirroring the increasing focus on AI literacy across sectors.
6. **Stock Market Volatility**: The major stock indexes closed lower today as Trump's trade war rhetoric continued to disturb investors. But Asian markets, including Japan's Nikkei 225, bounced back strongly with a 5.5% rise after a sharp fall the day before. In the meantime, U.S. Treasury yields went up, with 10-year notes reaching 4.149%.
7. **Kamada Ekadashi Celebration**: At the cultural level, the day sees the celebration of Kamada Ekadashi, a great Hindu festival. The Ekadashi Tithi gets over at 9:12 PM, and prime auspicious timings such as Brahma Muhurat at 4:32 AM are specified for religious pursuits.
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