BOSTON (AP) — The Boston Celtics' season started with a record-tying 3-point night. It was a sign of things to come.
The Celtics broke the NBA record for 3-pointers in a season Friday night in a victory over the Phoenix Suns.
“We've got a really good team," star Jayson Tatum said. “A talented group of guys. When we play to our strengths, everyone, for the most part, we space the floor and (everyone) is a threat from behind the line. It's a credit to guys for working on their game. It's what makes us special.”
On opening night, Boston made 29 3-pointers in a blowout victory over the New York Knicks when the Celtics raised their championship banner.
They set the mark, surpassing Golden State’s total from two seasons ago, when Payton Pritchard hit a left-wing shot 3:40 into the second quarter for No. 1,364.
Kristaps Porzingis tied the mark when he up-faked a defender, dribbled to his left a few feet before hitting one from the top with 9:37 left in the second quarter.
Boston finished 14 of 39 from 3-point range in the 123-103 victory to push its season total to 1,370. Boston also is third in league history, connecting on 1,351 en route to the NBA title last season.
“Less than half of those attempts were from 3 because of the way they were defending us,” Boston coach Joe Mazzulla said, when asked what the record meant. “We were able to fight for good looks versus the coverage. That's the most important thing; continuing to figure out how we're being defended. ... It's a credit to the guys for continuing to make the right reads.”
At times during the previous two seasons, Mazzulla was questioned about why Boston took so many 3s when it was struggling. He continued to defend the team's shot choices.
On Friday, the Celtics hit 3s with some flare early in the game when Jaylen Brown banked in a 35-footer as the shot clock expired and Tatum dribbled in from midcourt, knocking down a straight-a-way 29-footer a few minutes later.
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Boston Celtics forward Sam Hauser (30) takes a three-point shot against Phoenix Suns guard Collin Gillespie (12) during the first half of an NBA basketball game, Friday, April 4, 2025, in Boston. (AP Photo/Charles Krupa)
Global markets plunged Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade.
Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly.
Trump’s tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the U.S.
The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.
Here's the latest:
Indonesia says it won't retaliate against Trump’s 32% tariff but will pursue diplomacy and negotiations to seek mutually beneficial solutions.
Indonesia, which had an $18 billion trade surplus with the U.S. last year, will gather input from business leaders to create a strategy for addressing the tariffs and find ways to reduce the deficit, Coordinating Economic Affairs Minister Airlangga Hartarto said Monday.
“We will increase the volume of purchases so that the $18 billion trade deficit can be reduced,” Hartarto said.
China on Monday accused the United States of unilateralism, protectionism and economic bullying with tariffs.
“Putting ‘America First’ over international rules is a typical act of unilateralism, protectionism and economic bullying,” Foreign Affairs spokesperson Lin Jian told reporters.
Last week, Trump put an additional 34% tariff on Chinese goods, on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing’s role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on U.S. goods.
Lin said the new tariffs harmed the stability of global production and supply chains and seriously impacted the world’s economic recovery.
“Pressure and threats are not the way to deal with China. China will firmly safeguard its legitimate rights and interests,” Lin added.
European shares dropped in early trading, with Germany’s DAX falling 6.5% to 19,311.29. In Paris, the CAC 40 shed 5.7% to 6,861.27, while Britain’s FTSE 100 lost 4.5% to 7,694.00.
South Korea’s top trade negotiator will visit Washington this week to express Seoul’s concerns over the Trump administration’s increased tariffs and discuss ways to mitigate their negative impact on South Korean businesses.
South Korea’s Ministry of Trade, Industry and Energy said Monday that its minister of trade, Inkyo Cheong, plans to meet with various U.S. officials, including U.S. Trade Representative Jamieson Greer.
The ministry says Cheong aims to gather detailed information on the Trump administration’s trade policies and engage in discussions to reduce the 25% tariffs placed on South Korean products.
Chinese government officials met business representatives from Tesla, GE Healthcare and other U.S. companies on Sunday. It called on them to issue “reasonable” statements and take “concrete actions” on addressing the issue of tariffs.
“The United States in recent days has used all sorts of excuses to announce indiscriminate tariffs on all trading partners, including China, severely harming the rules-based multilateral trade system,” said Ling Ji, a vice minister of commerce, at the meeting with 20 U.S. companies.
“China’s countermeasures are not only a way to protect the rights and interests of companies, including American ones, but are also to urge the U.S. to return to the right path of the multilateral trading system," Ling added.
Ling also promised that China would remain open to foreign investment, according to a readout of the meeting from the Ministry of Commerce.
Malaysia’s Trade Minister Zafrul Abdul Aziz said his country wants to forge a united response from Southeast Asia to the sweeping U.S. tariffs.
Malaysia, which is the chair of the Association of Southeast Asian Nations this year, will lead the regional bloc’s special Economic Ministers’ Meeting on April 10 in Kuala Lumpur to discuss the broader implication of the tariff measures on regional trade and investment, Zafrul told a news conference on Monday.
“We are looking at the investment flow, macroeconomic stability and ASEAN's coordinated response to this tariff issue,” Zafrul said.
ASEAN leaders will also meet to discuss member states’ strategies and to mitigate potential disruptions to regional supply chain networks.
Pakistan plans to send a government delegation to Washington this month to discuss how to avoid the 29% tariffs imposed by the U.S. on imports from Pakistan, officials said Monday.
The development came two days after Pakistan’s prime minister asked its finance minister to send him recommendations for resolving the issue. The U.S. imports around $5 billion worth of textiles and other products from Pakistan, which heavily relies on loans from the International Monetary Fund and others.
The Pakistan Stock Exchange fell rapidly on Monday. The exchange suspended trading for an hour after a 5% drop in its main KSE-30 index.
Middle East stock markets tumbled as they struggled with the dual hit of the new U.S. tariffs and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.
Benchmark Brent crude is down by nearly 15% over the last five days of trading, with a barrel of oil costing just over $63. That’s down nearly 30% from a year ago, when a barrel cost over $90.
That cost per barrel is far lower than the estimated break-even price for producers. That’s coupled with the new tariffs, which saw the Gulf Cooperation Council states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates hit with 10% tariffs. Other Mideast nations face higher tariffs, like Iraq at 39% and Syria at 41%.
The Dubai Financial Market exchange fell 5% as it opened for the week. The Abu Dhabi Securities Exchange fell 4%.
Markets that opened Sunday saw losses as well. Saudi Arabia’s Tadawul stock exchange fell over 6% in trading. The giant of the exchange, Saudi Arabia’s state-owned oil company Aramco, fell over 5% on its own, wiping away billions in market capitalization for the world’s sixth-most-valuable company.
Beijing struck a note of confidence on Monday even as markets in Hong Kong and Shanghai tumbled.
“The sky won’t fall. Faced with the indiscriminate punches of U.S. taxes, we know what we are doing and we have tools at our disposal," wrote The People's Daily, the Communist Party's official mouthpiece.
China announced a slew of countermeasures on Friday evening aimed at Trump’s tariffs, including its own 34% tariffs on all goods from the U.S. set to go in effect on Wednesday.
The Australian dollar fell below 60 U.S. cents on Monday for the first time since the early months of the COVID-19 pandemic.
The drop reflected concerns over the Chinese economy and market expectations for four interest rate cuts in Australia this calendar year, Australian Treasurer Jim Chalmers said.
“What our modeling shows is that we expect there to be big hits to American growth and Chinese growth and a spike in American inflation as well,” Chalmers said.
“We expect more manageable impacts on the Australian economy, but we still do expect Australian GDP to take a hit and we expect there to be an impact on prices here as well,” he added.
The Trump administration assigned Australia the minimum baseline 10% tariff on imports in the the United States. The U.S. has enjoyed a trade surplus with Australia for decades.
Indian stocks fell sharply on Monday, seeing their biggest single-day drop in percentage terms since March 2020 amid the pandemic.
The benchmark BSE Sensex and the Nifty 50 index both dropped about 5% after trading opened but then recovered slightly. Both were later trading down about 4%.
President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.
Speaking to reporters aboard Air Force One, Trump said he didn’t want global markets to fall, but also that he wasn’t concerned about the massive sell-off either, adding, “sometimes you have to take medicine to fix something.”
His comments came as global financial markets appeared on track to continue sharp declines once trading resumes Monday, and after Trump’s aides sought to soothe market concerns by saying more than 50 nations had reached out about launching negotiations to lift the tariffs.
“I spoke to a lot of leaders, European, Asian, from all over the world,” Trump said. “They’re dying to make a deal. And I said, we’re not going to have deficits with your country. We’re not going to do that, because to me a deficit is a loss. We’re going to have surpluses or at worst, going to be breaking even.”
Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and U.S. President Donald Trump said he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S.
Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened on Monday. By midday, it was down 6%. Hong Kong’s Hang Seng dropped 9.4%, while the Shanghai Composite index was down 6.2%, and South Korea’s Kospi lost 4.1%.
U.S. futures also signaled further weakness.
Market observers expect investors will face more wild swings in the days and weeks to come, with a short-term resolution to the trade war appearing unlikely.
Shipping containers are stored at Bensenville intermodal terminal in Franklin Park, Ill., Sunday, April 6, 2025. (AP Photo/Nam Y. Huh)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 7, 2025. (AP Photo/Ahn Young-joon)
