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Trump Sparks Global Financial Turmoil: Stocks Dive Worldwide as Concerns Grow Over Potential 20% Tariff on All Imports to the U.S. and Its Impact on the Global Economy

UK stocks experienced a significant decline today, paralleling global market turmoil fueled by escalating concerns over Donald Trump‘s trade policies, as Keir Starmer‘s ambitions of escaping tariffs fade.

Anxiety is mounting that Mr. Trump will impose a 20 percent tariff on both allies and adversaries on what he has termed ‘Liberation Day’, April 2.

The president has voiced concerns about the United States being taken advantage of by other nations, singling out VAT as an unjust foreign tax—despite it being applied to all sales, not just imports.

The looming threat of a trade war potentially leading to a recession is inciting widespread panic in global stock markets, with Asian markets experiencing a steep drop overnight, and the FTSE 100 falling by 0.75 percent at the open this morning.

Last week, the Treasury’s OBR watchdog projected a scenario involving 20 percent tariffs coupled with retaliatory measures, warning it could trigger an inflation spike and reduce growth by 0.6 percent this year and 1 percent in 2026-27.

Sir Keir has been negotiating for a UK exemption as part of a broader agreement, contending that trade between the two nations is already balanced.

Despite his efforts, he has not been able to prevent tariffs on steel, and government officials appear increasingly resigned to the inclusion of the UK in the tariffs, at least in the initial phase.

Downing Street is reportedly contemplating imposing additional duties on US products such as Jack Daniel’s whiskey, Harley Davidson motorcycles, and Levi’s jeans.

Trump Sparks Global Financial Turmoil: Stocks Dive Worldwide as Concerns Grow Over Potential 20% Tariff on All Imports to the U.S. and Its Impact on the Global Economy

Keir Starmer and Donald Trump have held trade talks amid a frantic bid to dodge US tariffs

The prospect of a trade war has been causing near-panic on global stock markets, with Asia down sharply overnight - and the FTSE 100 dropping 0.75 per cent on opening this morning

The prospect of a trade war has been causing near-panic on global stock markets, with Asia down sharply overnight – and the FTSE 100 dropping 0.75 per cent on opening this morning

The Nikkei 225 index was down more than 4 per cent overnight as investors took fright

The Nikkei 225 index was down more than 4 per cent overnight as investors took fright

The American S&P index has been continuing its decline as the confirmation of Mr Trump's tariffs nears

The American S&P index has been continuing its decline as the confirmation of Mr Trump’s tariffs nears

The Treasury's OBR watchdog modelled 'scenario 3' of 20 per cent tariffs with retaliation last week, warning that it would spark a UK inflation surge and wipe 0.6 per cent off growth this year and 1 per cent in 2026-27

The Treasury’s OBR watchdog modelled ‘scenario 3’ of 20 per cent tariffs with retaliation last week, warning that it would spark a UK inflation surge and wipe 0.6 per cent off growth this year and 1 per cent in 2026-27

Downing Street is said to be considering retaliating with extra duties on US goods such as Jack Daniel's whiskey, Harley Davidson motorbikes and Levi's jeans

Downing Street is said to be considering retaliating with extra duties on US goods such as Jack Daniel’s whiskey, Harley Davidson motorbikes and Levi’s jeans

Sir Keir, pictured at an immigration conference in London this morning, has said the UK 'reserves the right' to introduce reciprocal tariffs on the US if a deal to exempt the UK cannot be reached

Sir Keir, pictured at an immigration conference in London this morning, has said the UK ‘reserves the right’ to introduce reciprocal tariffs on the US if a deal to exempt the UK cannot be reached

The US leader has already confirmed a 25 percent import tax on all vehicles entering the United States, a policy that is poised to impact British luxury car manufacturers like Rolls-Royce and Aston Martin.

Market turbulence intensified overnight when Mr. Trump hinted at the possibility of ‘reciprocal’ tariffs globally.

This could entail a 20 percent baseline tariff on all imports, instead of targeting specific countries based on their tariffs.

‘We would start with all nations; let’s observe the developments,’ Mr. Trump remarked to journalists aboard Air Force One.

In reaction, investors flocked to sovereign bonds and the Japanese yen, while gold prices skyrocketed to new record highs.

S&P 500 futures dropped by 0.8 percent, following a steep decline from Friday, while Nasdaq futures fell by 1.4 percent.

Mr. Trump has identified the EU as a primary target, expressing resentment that the bloc was established to ‘screw’ America. Brussels has committed to retaliatory measures.

Nevertheless, the UK currently applies a 20 percent VAT on most products and services.

A spokesperson from No10 commented on the conversation between Sir Keir and Mr. Trump last night, stating: ‘They talked about the fruitful discussions between their respective teams concerning a UK-US economic prosperity deal, agreeing to continue the negotiations at an accelerated pace this week.’

In its forecast accompanying the Spring Statement last week, the OBR considered the potential of the US implementing blanket 20 percent tariffs alongside equivalent retaliatory actions from trade partners.

It indicated that while the exact results are ‘uncertain’, UK consumer price index (CPI) inflation could rise by 0.3 percentage points.

The challenges posed by heightened inflation on real income and a deceleration in global growth are ‘expected to cause GDP to quickly dip below our primary forecast.’

This would reduce the growth estimate for the year from 1 percent to merely 0.4 percent and could decrease next year’s growth by 1 percentage point.

‘The potential for increased global trade barriers and decreased global productivity suggest that the medium-term UK GDP could be approximately 0.75 percent less than our central estimate,’ the report stated.

The National Institute of Economic and Social Research (NIESR) had previously projected that a 20 percent ‘reciprocal’ tariff could subtract 0.4 percentage points from UK economic growth over the next two years—translating to about £24 billion.

This situation could significantly disrupt the Government’s economic growth plans, especially after Rachel Reeves struggled to align the budget with cuts during last week’s Spring Statement.

The Treasury’s OBR watchdog cautioned that her £9.9 billion headroom—which is historically low—could easily be obliterated by Mr. Trump’s trade initiatives.

Mr Trump has vowed to hit foes and allies alike with levies on so-called 'Liberation Day', April 2

Mr Trump has vowed to hit foes and allies alike with levies on so-called ‘Liberation Day’, April 2

Ministers say they could bring in their own tariffs on US imports this week. This could affect popular goods like Jack Daniel's whiskey, Levi's jeans and Harley Davidson motorcycles.

Ministers say they could bring in their own tariffs on US imports this week. This could affect popular goods like Jack Daniel’s whiskey, Levi’s jeans and Harley Davidson motorcycles.

Sir Keir has affirmed that the UK ‘reserves the right’ to enact reciprocal tariffs against the US if a mutually beneficial agreement cannot be reached.

However, the OBR has indicated that the repercussions of applying reciprocal tariffs against the US may adversely affect the UK more than allowing the tariffs to take effect without intervention.

Considering the negotiations, it has been suggested that scrapping or reducing the digital services tax on major tech firms—such as social media platforms, search engines, and online marketplaces—could be on the table.

Downing Street reported that Mr. Trump extended his best wishes to the King, who has recently had to cancel events due to side effects from his cancer treatment.

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Harley Davidson News

2025 Harley-Davidson Models Now Available at Dealerships Worldwide

MANILA: Harley-Davidson has announced that certain models from its 2025 lineup are now available at authorized dealerships around the globe.

KEY TAKEAWAYS

  • Which Harley-Davidson model families are currently accessible at authorized dealers worldwide?


    According to Harley-Davidson, models from both the Grand American Touring and Trike families for 2025 are now available at authorized dealerships.

  • What custom program has Harley-Davidson introduced for 2025?


    Harley-Davidson has launched the Custom Paint and Graphics program for 2025.

  • The available models include motorcycles from the Harley-Davidson Grand American Touring and Trike families.

    2025 Harley-Davidson Models Now Available at Dealerships Worldwide Photo from Harley-Davidson

    Grand American Touring

    Harley-Davidson’s Grand American Touring motorcycles are crafted to ensure that riders traverse long distances with unparalleled comfort, performance, and advanced technology that elevates the journey.

    The 2025 models in this series comprise the Harley-Davidson Street Glide, Road Glide, and Road King Special motorcycles.

    Trikes

    From the Harley-Davidson Trike collection, you can find the Road Glide, Freewheeler, and Tri Glide Ultra motorcycles.

    According to the American manufacturer, Harley-Davidson Trikes provide an attractive alternative for those who value the stability of a three-wheel design.

    Factory Custom Paint and Graphics

    The Wisconsin-based company has also introduced the Harley-Davidson Factory Custom Paint and Graphics program. This initiative enables customers to select premium paint-and-graphics options for specific motorcycle models.

    In 2025, three options from the Harley-Davidson Custom Paint and Graphics offerings will be available for customers:

    • Mystic Shift
    • Midnight Firestorm
    • Whiskey Firestorm

    Each of these paint options features a distinctive black tank medallion with chrome details and a mother-of-pearl textured background available in either purple or orange.

    According to Harley-Davidson, the finishes from their Custom Paint and Graphics program are applied to select components during the motorcycle assembly process. As a result, customers will receive a motorcycle with unique paint-and-graphics backed by a full factory warranty, without the hassle or expense of aftermarket customizations.

    Also read:

    Harley-Davidson unveils ‘portion’ of 2024 model lineup

    Harley-Davidson offers Apex custom paint for select Grand American Touring models

    Harley-Davidson launches Chapter of the Year contest in emerging Asia markets

    Categories
    Harley Davidson News

    Harley-Davidson Unveils Select 2025 Motorcycles Now Available at Authorized Dealerships Worldwide

    Harley-Davidson Unveils Select 2025 Motorcycles Now Available at Authorized Dealerships Worldwide

    New Harley-Davidson® Motorcycles Set to Debut on January 23

    MILWAUKEE WI – January 3, 2025 – (Motor Sports NewsWire) – Harley-Davidson has unveiled select models from its 2025 motorcycle lineup on
    H-D.com
    . These motorcycles are now available at authorized Harley-Davidson® dealerships worldwide. Additionally, Harley-Davidson introduced the Harley-Davidson® Factory Custom Paint & Graphics program, featuring highly sought-after paint-and-graphics options on select models. More 2025 Harley-Davidson motorcycles, including the 26th edition of the exclusive Custom Vehicle Operation™ (CVO™) collection, will be revealed on
    H-D.com
    at 5 p.m. CST on January 23.


    2025 Harley-Davidson Touring

    Grand American Touring:
    Designed for riders seeking cross-country experiences, Grand American Touring models offer comfort, performance, and advanced technology to enhance every trip. Returning favorites include the Street Glide®, Road Glide®, and Road King® Special motorcycles.


    2025 Trike Models

    Trike:
    Harley-Davidson® Trike models provide an excellent choice for riders who prefer the stability of a three-wheel platform. Returning models include the Road Glide® 3, Freewheeler®, and Tri Glide® Ultra motorcycles.


    MY25 Web 360. FLHRXS Road King Special

    Harley-Davidson® Factory Custom Paint & Graphics

    The Factory Custom Paint & Graphics program provides premium paint-and-graphics options on select models for customers seeking a standout finish. Available through authorized dealerships, these custom finishes are applied during assembly and come with a full factory warranty, eliminating the hassle and expense of third-party custom painting.

    For 2025, three distinctive Factory Custom Paint & Graphics options will be available. Each paint set features an exclusive black tank medallion with chrome accents and a unique mother-of-pearl textured background available in purple or orange.

    • Mystic Shift
      offers a striking color transition from deep gunmetal to purple, blue, and nearly orange, most prominent in direct sunlight around the motorcycle.
    • Firestorm
      reflects a current trend for flame-themed designs. Harley-Davidson first introduced factory flame designs on the 1980 Wide Glide® and has returned to this style several times since then. The Firestorm options incorporate a “ghost fade” effect where the fade color is somewhat brighter than the basecoat. This allows the flames to be highly visible from specific angles while remaining subtle from others. Firestorm variants are available in two popular shades.

      • Midnight Firestorm
        features a dark flame scheme with ghosted flames over a Vivid Black base complemented by a charcoal inner glow.
      • Whiskey Firestorm
        adds a mid-coat for an enhanced orange finish with Ember Sunglo ghost flames and a vibrant orange inner glow.

    Harley-Davidson embodies the enduring quest for adventure and the freedom of the open road. Visit
    H-D.com
    for more information on the full range of Harley-Davidson® Grand American Touring, Sport, Adventure Touring, Cruiser, and Trike motorcycles, along with Harley-Davidson Certified™ pre-owned units, Genuine Motor Parts & Accessories, MotorClothes® apparel and accessories, and financial services.
     

    About Harley-Davidson

    Harley-Davidson, Inc. serves as the parent organization of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision is to build our legacy and lead the industry through innovation, evolution, and passion. Our mission transcends the manufacturing of machines; we stand for the eternal pursuit of adventure and the freedom that ignites the soul. Since 1903, Harley-Davidson has shaped motorcycle culture with a growing array of cutting-edge, distinctive, and customizable motorcycles, alongside riding experiences, exceptional accessories, gear, and apparel. Harley-Davidson Financial Services offers financing, insurance, and programs to help riders take to the road. For more details, visit www.harley-davidson.com.

    Source: Harley-Davidson, Inc.


    2021 Harley-Davidson logo

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