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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.

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.

Subscribe to enjoy similar stories. “The golden age of America begins right now," intoned Donald Trump at the start of his inaugural address on January 20th. The business world bought the glittering talk, in anticipation of lower taxes, less red tape and buoyant American consumers.

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.”

Shri Ahimsa Naturals will debut on the NSE SME platform today. The GMP is currently at 16% over the issue price of Rs 119 apiece. The company offered 62 lakh shares to investors, which included a fresh equity sale of 42.03 lakh shares and an offer for sale (OFS) of 19.99 lakh shares. The issue was booked nearly 63 times as non-institutional investors piled on bids 182 times more than that are reserved for them.

The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI dropped to 49.0 last month from 50.3 in February. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI slipping to 49.5. Manufacturing started turning around at the beginning of the year after a lengthy recession triggered by the Federal Reserve's aggressive interest rate hikes in 2022 and 2023 to tame inflation. But the nascent recovery appears to have been snuffed out by President Donald Trump's barrage of tariffs. Trump, since returning to the White House in January, has announced and delayed tariffs on Canada and Mexico for what he alleges is their role in allowing the opioid fentanyl into the U.S., set import taxes on goods from China for the same reason, launched hefty duties on imports of steel and aluminum and slapped a 25% levy on imported cars and light trucks. Trump promised to announce global reciprocal tariffs on Wednesday, which he has dubbed «Liberation Day.» He sees tariffs as a tool to raise revenue to offset his promised tax cuts and to revive a long-declining U.S. industrial base.

Subscribe to enjoy similar stories. When Donald Trump announced his bid for reelection in November 2022, the 45th President of the US relied on promises of sweeping reforms to win the American people over. Among these promised reforms was the idea of increasing tariffs.

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades

National Burrito Day on April 3. Starting March 31 at 9 a.m. ET, Chipotle Rewards members in the U.S.

Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising «Liberation Day» on Wednesday with action targeting countries that have persistent trade gaps with his country.

economic policies under President Donald Trump have altered the US economy. Tariffs, tax changes, deregulation and shifts in spending have influenced trade, markets and public confidence. These changes have sparked discussions about their long-term effects, media reports said.

Host of CNBC's «Mad Money» took a clear stand against the idea, attributing the economic downfall of small towns throughout the United States to it. «I am for tariffs, plain and simple. I despise free trade,» Cramer insisted on an episode of his program, as quoted in a report by Bezinga. He continued on to say, «It's been embarrassing to our nation. It's cost us millions. Everyone takes advantage of us. There's just no limit to it.» Cramer's comments are opposite to the general assumption that free trade boosts economic growth and global cooperation. Instead, he had claimed that the focus on cheap imports has done harm to small towns.

Lower-income buyers will suffer another blow from expected hikes in used car prices as demand surges and supply shrinks. New cars priced under $30,000 are already rare as the average new-vehicle price approaches $50,000. The only way automakers can eke out profits on economy cars, analysts say, is to build them in nations with lower manufacturing costs. A Reuters review of data from two auto research firms found just 16 models with an average sticker price less than $30,000 and only one, Toyota's Corolla, that is assembled in the United States. All others are made in Mexico, South Korea, or Japan. Slapping a 25% tariff on these low-end cars may force price increases that make them unaffordable to their target market or cause some automakers to abandon them entirely, industry analysts said.

Subscribe to enjoy similar stories. XOCHIMILCO, Mexico—A homely aquatic salamander with a cartoonish smile and the ability to regenerate lost body parts has become a global phenomenon, appearing as characters in Minecraft, Fortnite and Pokémon and inspiring a McDonald’s Happy Meal toy. Where the axolotl can barely be found: in its natural habitat in Mexico.

The countries' three trade ministers agreed to «closely cooperate for a comprehensive and high-level» talks on a South Korea-Japan-China free trade agreement deal to promote «regional and global trade», according to a statement released after the meeting. «It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations,» said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership. The ministers met ahead of Trump's announcement on Wednesday of more tariffs in what he calls «liberation day», as he upends Washington's trading partnerships. Seoul, Beijing and Tokyo are major U.S. major trading partners, although they have been at loggerheads among themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant.

Trump declared on Saturday that he «couldn't care less» if automakers increase car prices for Americans in the wake of his imposition of import tariffs. There have been reports that Trump threatened auto executives with reprisals if prices jump, but he told NBC News that increasing prices would simply help US-based manufacturers. «I couldn't care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty,» he told NBC host Kristen Welker. On Thursday, Trump imposed a blanket 25 percent import tariff on cars and light trucks made outside the United States, due to take effect on April 3. Tariffs will be delayed for car parts from countries covered by US trade pact with Mexico and Canada as officials try to disentangle the mixed supply chain.

Subscribe to enjoy similar stories. Prepare for an everything, everywhere onslaught of trade developments this week as the Trump administration unveils its much talked about tariffs. Investors and companies hoping for clarity are likely to be disappointed: There may just be another spate of trade war scenarios to game out.

«Most car makers can't eat 25%, they just can't,» said Andy Palmer, former CEO of Aston Martin. «That means car makers will pass on as much of the cost of tariffs as they can,» including by removing features to lower their costs while also raising prices. Automakers may spread that cost between U.S.-produced and imported models, cut back on features, and in some cases, stop selling affordable models aimed at first-time car buyers, as many of those are imported and less attractive if they carry a higher price tag. The changes could price more Americans out of the market. S&P Global Mobility estimated Thursday that tariffs will cause annual U.S. vehicle sales to fall to a range of 14.5 million to 15 million in coming years from 16 million in 2024. Cox Automotive estimates tariffs will add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles made in Canada or Mexico without exemptions. While luxury sellers like Bentley or Ferrari say they will pass on costs, major automakers' typical margins of 6% to 8% leave little wiggle room. Affordable models most likely to be affected include the Honda CR-V, Chevy Trax, Subaru Forester, Chevy Equinox and Honda HR-V, said Erin Keating, executive analyst at Cox. «Car makers know they have certain vehicles in their portfolio that can tolerate lower profit margins,» Keating said. «Some vehicles may just prove to be too expensive, and most of those are affordable models manufactured outside the U.S.»

Poll after poll shows angry Canadians are on board when it comes to retaliating against United States President Donald Trump‘s tariffs.

Emerging economies such as India, Brazil and Vietnam, which impose tariff on American imports higher than what the US levies on them, face a high risk of reciprocal tariffs, global ratings agency Fitch said. “Brazil, India, Thailand, Malaysia, South Africa, Turkey and, on a simple average tariff basis, Vietnam and Indonesia, impose notably higher tariffs on exports from the US relative to tariffs imposed by the US on imports from these countries,” it said. US President Donald Trump has threatened with his reciprocal tariffs announcement on April 2 against trading partners he says have been “ripping off” the country by imposing high levies. As per the Fitch report, the tariffs in these economies were higher, both on a simple and trade-weighted average basis. “On a simple average basis, the highest differentials are in Brazil, India and Turkey,” Fitch said.