The Pipa provides manageable notification options and encourages readers to subscribe to newsletters across various editions. On April 7, 2025, Asian stock markets plummeted, particularly Hong Kong’s Hang Seng index, which fell over 10%, due to sweeping tariffs announced by U.S. President Trump. The tariffs raised fears of a global trade war and recession, prompting calls for counter-tariffs from the EU and highlighted by Sir Keir Starmer’s remarks on the negative impacts of trade conflicts. Canada and the U.K. expressed commitment to economic stability, while India and Taiwan chose not to retaliate against U.S. tariffs, instead seeking negotiations. Amid market turmoil, discussions surrounding a potentially lucrative sale of a business valued at $20 billion to $150 billion were reported by Bloomberg.
