Business from Thursday, April 3rd, 2025

Wall Street futures sink as tariffs fuel recession fears

US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
Trump to impose 10% tariff on UAE, Saudi Arabia imports

The UAE and Saudi Arabia will face a universal 10 per cent tariff on imports under US President Trump's sweeping duties on dozens of countries.

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