India, April 9 -- The safe-haven yen strengthened against other major currencies in the Asian session on Wednesday amid increased risk-off mood by the investors, as the latest set of U.S. tariffs, including a massive 104 percent levy on Chinese imports, take effect today, leaving investors worried about the impact on inflation, interest rates and global growth. Additionally, the traders expect the Bank of Japan to raise its interest rate in 2025.
"Trade wars are extremely negative. Nobody wins with a trade war. Everybody tends to lose", UN Secretary-General Antonio Guterres said.
France's President Emmanuel Macron told reporters during his visit to Egypt that the main objective when it comes to the United States tariffs now is to achieve ...