Daily Summary
The news stories report that new US tariffs, including Trump's proposed reciprocal measures, are raising global concerns about trade disruptions, economic growth, and market volatility, with warnings from the Bank of Japan and fears of extended uncertainty among investors. U.S. law firms and companies are also experiencing pressure, with firms negotiating or legally contesting executive orders and some major companies facing strategic and financial setbacks. Meanwhile, in South Africa, political parties remain at odds over the national budget, jeopardizing the stability of a fragile coalition government.
Trump's 'Liberation Day' Unlikely to End Trade Policy Uncertainty for Businesses
President Trump will announce new reciprocal tariffs under 'Liberation Day,' but the move is expected to leave businesses facing continued trade policy uncertainty and may slow economic growth.
BOJ Warns of Global Trade Impact from Proposed US Tariffs
Bank of Japan Governor Kazuo Ueda warned that proposed US tariffs on key imports may disrupt global trade by dampening sentiment and slowing growth, despite a possible short-term rise in inflation.
How Trump Rattled Big Law Amid Executive Orders
Trump’s executive orders have forced major U.S. law firms, including Paul Weiss and Willkie Farr & Gallagher, to negotiate significant deals and challenge the administration’s mandates, while legal and corporate giants like Johnson & Johnson and Klarna face their own setbacks.
Wall Street Braces as Trump Unveils Tariff Measures Amid Ongoing Uncertainty
On April 2, 2025, President Trump will announce new tariff policies, sparking market volatility and concerns over rising costs and retaliatory measures from trading partners.
South Africa’s Leading Parties Remain at Odds Over Budget
South Africa’s ANC and DA remain locked in budget negotiations, with growing tensions threatening to disrupt the parliamentary process set for early April 2025.