A legal roadblock on U.S. President Donald Trump's sweeping tariffs drew early cheer from markets on Thursday, but the risks of extended policy and economic paralysis cast a deeper shadow for investors worried about the longer term.

President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

Beyond defence issues, Rajnath Singh also touched upon broader issues clouding the economic landscape, linking the increasingly fractious global order marked with rising conflicts

South Korea's exports are expected to have fallen in May for the first time in four months, as the impact of U.S. President Donald Trump's tariffs offset strong demand for semiconductors, a Reuters poll showed on Thursday.

SINGAPORE] The task force set up in response to the US tariffs will work on three areas: “sense-making” and communication, immediate support measures and longer-term strategies. Read more at The Business Times.

The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.

Marcos, Jr. expressed concern over the impact of the US tariffs on the global economy, warning of possible “shrinkage in economic activity.” Speaking at a press conference following the 46th ASEAN Summit in Kuala Lumpur on Tuesday evening,