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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.

Subscribe to enjoy similar stories. Plans to upgrade India’s lone state-owned chip fabrication unit have picked up pace, with the Centre meeting 35 companies last month in a bid to evaluate their roles in a potential deal that is worth ₹4,000 crore.

Subscribe to enjoy similar stories. Wockhardt Ltd that built its name as a maker of generic drugs is shifting its focus in the US market to developing new antibiotics, turning away from generics and entering a space largely vacated by Big Pharma in recent years. The company is working on new antibiotics and has identified segments for a push into biosimilar drugs, chairman Habil Khorakiwala said, in the wake of promising results shown by Zaynich, an antibiotic it developed in-house.

Subscribe to enjoy similar stories. New Delhi: As US President Donald Trump unleashed his global tariff war from the White House, India found itself grappling with a new regime that stopped short of full reciprocity but still posed significant trade barriers. With Trump deciding to charge half of the tariffs a country imposes on American imports, Indian exports to the US face a 26% tariff.

Subscribe to enjoy similar stories. President Trump unveiled his new “liberation day" tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks—and we hope it doesn’t—the effort amounts to an attempt to remake the U.S.

liquidity infusion of ₹80,000 crore via open market operations (OMO) on Tuesday. On an intra-day basis, the yield touched 6.48%, its lowest in three years, Clearing Corporation of India data showed. Lower US yields and expectations of a rate cut by RBI in its monetary policy next week have also weighed on yields, treasury heads at banks said.

IPO) for its portfolio company Straive in India, said people familiar with the matter. EQT has appointed Axis Capital, JP Morgan and Morgan Stanley to manage the offering for the edtech-focused data and solutions provider, the people said.

Beginning April 3, the US would levy a 25% tariff on fully assembled cars from India. By May 3, similar tariffs were expected on auto parts, raising concerns in India’s auto sector, which is one of the country’s largest exporters to the US. Announced during the “Make America Wealthy Again” event, the tariffs were part of Trump’s broader "Fair and Reciprocal Plan," under which the US would impose tariffs equivalent to those levied by other nations on US goods. On March 26, Trump officially announced the imposition of 25% tariffs on foreign-made cars and auto parts. These tariffs were set to go into effect on April 2, targeting a critical sector that includes exports of fully assembled vehicles and auto components. The impact of these tariffs is particularly concerning for India.

«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.

China, which has long been a target of US trade actions, will face a hefty 34% tariff, while the European Union will see a 20% levy. Vietnam, another key player in the global trade landscape, will bear the heaviest burden with a 46% tariff on its imports to the U.S. 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.

Home Depot has caused a storm online. Claims were made in a report that the home improvement giant will be soon charging for parking in its stores across the United States. The initiative was introduced to combat inflation. Media reports stated that the fees will be varying from location to location with parking costing $5 per day in Los Angeles to $2 cost for two hours in Florida. As the report started going viral, the customers were quick to express their frustration with the new policy change.

Donald Trump's agenda of deep cuts and trade protectionism, as per a report. There have been successes to slow the Trump juggernaut in court, but the lack of a coherent plan in Congress has frustrated anti-Trump Americans who have been clamoring for leaders able to show some fight, AFP reported. So there was jubilation Tuesday when a Democratic-backed candidate won the controlling seat on the Wisconsin Supreme Court, the top judicial body in one of the most closely-fought swing states. Republicans hung on to two House seats in Florida on the same night, but with leads greatly reduced from Trump's 2024 victory margins — worrying lawmakers in much more vulnerable seats ahead of next year's midterms. «Last night's results were the shot in the arm Democrats needed,» said political analyst Andrew Koneschusky, a former senior Democratic staffer in the US Senate.

Carmelo Anthony, a 10-time NBA All-Star, got notified being elected into the Basketball Hall of Fame Class of 2025. He was among the 17 finalists that were announced by the Hall of Fame in February this year. His induction was leaked ahead of the full class of 2025 that is all set to be made official at the Men's Final Four in San Antonio on Saturday, CBS Sports reported.

Carlos Duran moved to the Oakland Athletics when the team acquired outfielder Esteury Ruiz from the Los Angeles Dodgers. The Oakland Athletics designated 26-year-old Ruiz for assignment before completing his transfer to Triple-A Oklahoma City. The Dodgers added Esteury Ruiz from the Athletics after moving Kyle Hurt to the 60-day injured list to recover from his Tommy John procedure.

Kansas City Chiefs star’s most recent revelation has fans buzzing. Travis Kelce believes his high-profile romance with Taylor Swift has influenced his game. After a disappointing season and Super Bowl loss, he's taking a break from the spotlight. With both enjoying some downtime, the couple is focusing on resting and reconnecting away from public scrutiny. Travis and Taylor have come to the realization that «so much attention on their relationship is not the best thing,» according to US Weekly. The couple is taking a much-needed break from their hectic public life, which Kelce believes may have contributed to his on-field difficulties the previous season.

Mallory McMorrow has announced her candidacy for the US Senate seat, currently held by Democrat Gary Peters. Senator Peters is set to retire in 2026. The 38-year-old Democrat has become the first prominent candidate to formally enter the race. Her entry has set the stage for what is expected to be one of the most competitive and expensive senate battlers of the midterms. McMorrow, who represents a suburban Detroit district, positioned herself as a fresh alternative to the Democratic Party’s current leadership, the reports stated. The politician, in her campaign launch video, called for a ‘new generation of leadership’. She also criticised party veterans for their failure to offer a clear plan to counter President Donald Trump’s influence.

Amazon.com has put in a last-minute offer to buy short-form video app TikTok, New York Times reported on Wednesday, citing sources familiar with the matter. Trump is slated to meet with top White House officials Wednesday to discuss TikTok's fate. People familiar with the talks have outlined a potential deal that could involve bringing on a number of new U.S. investors, including Oracle, the technology giant, and Blackstone, the private equity firm, while sidestepping a formal sale. But it isn't clear that such a structure would satisfy the conditions of the federal law, as per the report. Amazon has some existing ties to TikTok. TikTok video app, which counts 170 million users in the United States, has become a major hub of retail shopping, with influencers recommending products to viewers. While the company has its own e-commerce operation known as TikTok Shop, many influencers encourage people to buy products on Amazon, which gives the influencers a cut of the transactions. It has also provided some technical infrastructure, NYT News Service reported. Amazon had previously tried to make a TikTok clone of sorts, called Inspire, inside its own app. Internally, it was a high-profile initiative, but was widely seen as unsuccessful at attracting shoppers. The company removed it from the app this year, as per the report. Amazon isn't the first retailer to express interest in the app. In 2020, when TikTok was first pressured to sell to U.S. owners, Microsoft and Walmart made a bid for the company.

Factory orders rose 0.6% after an upwardly revised 1.8% rebound in January, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had forecast factory orders would climb 0.5% after a previously reported 1.7% advance in January. Factory orders gained 1.5% on a year-on-year basis in February. Manufacturing, which accounts for 10.2% of the economy, could be crippled by President Donald Trump's barrage of tariffs since returning to the White House in January. 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. Economists disagree and view the import duties as harmful. An Institute for Supply Management report on Tuesday showed its manufacturing PMI slipped back into contraction territory in March after two straight months of expansion, with businesses overwhelmingly expressing concerns about tariffs. Domestic manufacturers rely heavily on imported raw materials. The import taxes are expected to increase production costs, which are passed on to buyers of the finished products. Companies could also lay off workers to protect profit margins. Commercial aircraft orders slipped 5.0%. Orders for motor vehicles, parts and trailers increased 1.9%. Transportation equipment orders advanced 1.5%. Orders for computers and electronic products were unchanged, while those for electrical equipment, appliances and components rebounded 1.9%.

reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs. «Reciprocal tariffs in the range of 10 per cent are manageable but beyond that will have serious implications on Indian exporting community, particularly MSMEs. The duties will have a short-term impact on India's exports to the US as both the countries are negotiating a bilateral trade agreement,» Ralhan told PTI. The US tariffs will definitely impact demand for Indian goods in the US market, he said adding buyers are already holding orders as there is an uncertainty over import duties. Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery, may get impacted if the US goes ahead with imposing reciprocal tariffs on Indian products. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will amount to a 'Liberation Day' for the US.