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United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging.

A resolution that challenges United States President Donald Trump’s national security justification for tariffs against Canada, passed in the U.S. Senate on Wednesday evening with bipartisan support.

Marco Rubio has assured NATO allies that Washington is committed to the alliance, despite concerns raised by President Donald Trump’s earlier remarks. Speaking at a NATO foreign ministers’ meeting in Brussels, Rubio said that the United States seeks a stronger and more capable NATO. Rubio, as per the reports, said that the US is as active in NATO as it has ever been. He dismissed alleged hysteria and hyperbole in the media over Trump’s stance on the alliance. Rubio said that Trump has made it clear that the US supports NATO and they will remain a part of the organisation. However, Rubio reiterated Trump’s call for NATO allies to shoulder more responsibility. He, as per the Euro News report, urged European nations and Canada to increase their defence spending to five per cent of GDP. This reportedly is double of the current two per cent target which several nations including Belgium, Italy, and Spain fail to meet. Also Read :Judge who sentenced Marine Le Pen now under police protection

And he belaboured global trade with them on Wednesday. Much of the planet is in shock. This includes penguins and seals who are the sole inhabitants of Heard and McDonald Islands, an Australian external territory near Antarctica, which has been slapped with a 10% tariff. India is mildly disappointed that its constructive and radical offer to Washington — zero-for-zero tariffs on 70% of manufactured goods — didn't give it a reprieve beyond pharma. But GoI has sensibly taken a 'Keep Calm and Carry On' attitude to what it has come to recognise is a period of geopolitical upheaval, as the US, Russia and China, in their separate ways, disorder the global order.

Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump's protectionist moves a tragedy for global trade. Carney said the Canadian government will copy the U.S. approach by imposing a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal. Carney also told a press conference that the new tariffs would not apply to auto parts and would not affect vehicle content from Mexico. «Given the prospective damage to their own people, the American administration should eventually change course. But I don't want to give false hope,» Carney said, adding that it could take a long time for the United States to shift approach. Carney said Canada's previously announced tariffs would stay in place. Trump's new tariffs sent shockwaves through markets on Thursday. His 10% baseline levy on all U.S. imports, with much higher duties on some countries, encouraged investors to flee risky assets as they worried Trump was upending global trade.

Subscribe to enjoy similar stories. For opponents of free trade, Donald Trump’s ‘Liberation Day’ may seem like ‘vindication day.’ The world’s top power, the US, which generates a quarter of the globe’s output, took an inward turn that ‘nuked’ the aim of open borders for commerce. Globalization, which had long wobbled along, suddenly looks skeletal.

Donald Trump’s sweeping new tariffs, the White House said on Wednesday. The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard, as per a report. Trump on Wednesday announced he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House, Reuters reported. The trade protections, however, do not apply to energy imports from Canada or Mexico – which are already exempted under the United States-Mexico-Canada Agreement free trade deal – nor do they apply to energy imports from any other country, a White House official said, as per the report. Canada and Mexico are the two largest sources of imported crude oil to the United States, while Europe is a significant source of imported fuel to the U.S. East Coast, which has a dearth of oil refineries, Reuters reported.

Amazon is preparing to launch its first full batch of Project Kuiper satellites next week, marking a crucial milestone in the tech giant's bid to compete with Elon Musk's Starlink. The mission, named Kuiper Atlas 1, will launch 27 satellites using an Atlas V rocket from Cape Canaveral, Florida at 12:00 pm EDT (1600 GMT) on Wednesday, April 9, Amazon said. The deployment will be carried out by the United Launch Alliance (ULA) industrial group, a joint venture between Boeing and Lockheed Martin.

Subscribe to enjoy similar stories. The United States Trade Representative (USTR) is a cabinet-rank official whose office is embedded in the Executive Office of the President of the US. The USTR on its website is described as “the president’s principal trade advisor, negotiator, and spokesperson on trade issues." Created by a legislative act in 1962, the USTR has historically proclaimed its alignment with the World Trade Organization (WTO) as a leveller of the global trade playing field.

Here is what some governments said about what they would — and would not — do in response. EUROPEAN UNION European Commission President Ursula von der Leyen said the EU is finalising a package of measures in response to U.S. tariffs on steel and is «now preparing for further countermeasures to protect our interests and our businesses if negotiations fail». Trump targeted the EU with a 20% reciprocal tariff. CHINA

Here is what some governments said about what they would — and would not — do in response. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact? CHINA China's commerce ministry said Beijing «firmly opposes» the reciprocal tariffs and «will take countermeasures to safeguard its own rights and interests,» after Trump imposed a 34% reciprocal tariff on the country. JAPAN

Here's a look at some of the new tariff regime's key features, as detailed in Trump's executive order.

Trump has accused America's trading partners of undermining the United States for decades, saying they have engaged in unfair trade practices to steal the country's wealth and enrich their own economies. He has set his sights on not only adversaries like China, but also traditional allies like Canada and Europe. And he has complained about a number of factors, including high tariffs that other countries charge American products, and persistent trade deficits the United States has with foreign countries. Trump has promised to correct this situation Wednesday, when he announces expansive tariffs on foreign products that he says will level the playing field. In some cases, there's truth to the president's claim that the United States offers its trading partners more favorable terms than it often gets in return. As a proponent of free markets, the United States has long been more open to trade than many countries globally. That has encouraged the United States to rely on imports of many critical goods, like semiconductors and pharmaceuticals, instead of manufacturing them itself. And some countries do have tough trade barriers to U.S. exports, or economic policies that distort global markets — particularly China, which has flooded the world with manufactured goods. Still, trade experts say that Trump's claims include a heavy dose of exaggeration, as well as hypocrisy.

«April 2, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. Our country and its taxpayers have been ripped for more than 50 years but it isn't going to happen anymore. In a few moments i will sign a historic executive order for reciprocal tariffs 'throughout the world,» he said. «This is one of the most important days in American history. With today's action we are finally going to be able to make american great again, greater than ever before. More production at home will mean lower prices for consumers. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,» the 47th US President said. After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which Trump announced on what he referred to as “Liberation Day,” are designed to boost US manufacturing and punish countries for trade imbalances. Under the "Fair and Reciprocal Plan," the US will impose tariffs equal to the ones that other nations have placed on U.S. goods.

global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.

Trump Tariff News LIVE: US President Donald Trump is all set to announce reciprocal tariffs on 2 April, which will immediately come into effect. Donald Trump has styled the new US tariff plans as coming on America's "Liberation Day".Earlier, the White House had slammed India for imposing a 100 per cent tariff on America’s agricultural products and highlighted similar trade barriers in the EU, Japan, and Canada.According to reports, quoting US Treasury Secretary Scott Bessent, the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April 3.Experts suggested that US companies which import goods will have to pay the new taxes soon after the announcement, while alarming the situation raises the possibility of a recession in the US and in other countries.Stay tuned with Live Mint for all the LIVE action.“April 2, 2025, will go down as one of the most important days in modern American history," White House press secretary Karoline Leavitt said on Tuesday.Trump Tariff News LIVE: Donald Trump is expected to address the media at 4 pm ET on April 2, which is 1:30 am IST on April 3.Trump Tariff News LIVE: The Indian currency plunged on Wednesday with the markets awaiting for US President Donald Trump to announce US reciprocal tariffs.

Prime Video has launched Apple TV+ as an add-on subscription in India, priced at ₹99 per month. Subscribers can enjoy a diverse range of content, including comedies such as Ted Lasso and Shrinking, dramas like Severance, The Morning Show, Slow Horses, and Disclaimer, as well as sci-fi titles such as Silo. Popular films, including Wolfs and The Gorge, are also available. This add-on subscription is now accessible via Prime Video in the US, Australia, New Zealand, Canada, and multiple regions across Europe and Latin America. “We're delighted to continue rolling out Apple TV+ on Prime Video with today’s launch in India, bringing Prime Video customers an even greater selection of TV shows and films, all within one app experience,” said Kelly Day, Vice President of International, Prime Video. Gaurav Bhasin, Head of Marketplace (Add-on Subscriptions and Movie Rentals), Prime Video India, added, “Over the years, we’ve established Prime Video India as a premier entertainment destination, offering a vast selection of premium programming, including Indian and international Originals, films, and series. Our service also features over 75,000 hours of additional content across genres from more than 25 Indian and international add-on subscription partners. We’re thrilled to welcome Apple TV+ to Prime Video’s extensive library. We’re confident Prime members in India will appreciate the easy access to Apple Originals with a simple add-on subscription, along with features such as streamlined content discovery, unified watchlists, and centralised billing.”

Renuka Chowdhury on Wednesday moved suspension of Business Notice in Rajya Sabha to discuss the impact of US Tariffs on India which are slated to come in effect from today. Expressing concern over the tariff, Renuka Chowdhury moved the notice to discuss India's policy to counter the impact on economy.

Donald Trump on Wednesday is set to announce the most expansive US trade restrictions in a century, at a stroke upending the postwar global trading system and posing difficult-to-predict economic risks. The administration’s plans to impose what Trump calls reciprocal tariffs have left investors, executives, government officials and consumers around the world guessing what lays ahead when he takes the podium at the 4 p.m. White House Rose Garden event. Deliberations are coming down to the wire, with the size and scope of new levies still being discussed Tuesday. Also Read: As tariff clock counts down, Trump is still up for 'a good negotiation' The lack of details so far on the structure, size and targets of the levies have left the world “flying blind” heading into the big announcement day, according to Nomura Holdings Inc. chief economist Rob Subbaraman. “The Trump administration’s proposed reciprocal tariffs mean different things to different people,” he wrote in a recent note to clients. While a direct approach means the US matching the levies that other nations impose on US goods, “we suspect the criteria for US reciprocal tariffs will be much broader than that, and indeed more difficult to quantify.”

Pierre Poilievre is under fire for mentioning women's «biological clocks» while discussing housing affordability. Many criticized the remark as sexist and irrelevant to housing, while others defended him. His approval ratings among women are already low, and this latest controversy could exacerbate the situation. During his campaign stop in New Brunswick, Pierre Poilievre made a remark about millennial women that has caused controversy on the internet, as per a report.