Donald Trump News

Nifty Pharma index dropping 0.9%, as investors digested U.S. President Donald Trump’s move to impose a 25% tariff on auto imports starting next week. The move drew backlash from global carmakers and stoked fears of escalating trade tensions. Auto stocks extended their two-day decline to 2%. Mahindra & Mahindra shares dropped 2.8% on Friday, while Tata Motors tumbled 6% over the last three sessions amid fears of a 25% tariff on auto exports to the U.S. Analysts warn that Tata-owned Jaguar Land Rover (JLR) could be particularly affected.

BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S.

Trump administration has opened investigations into the admissions policies at Stanford University and three campuses within the University of California system, including UC Berkeley, UCLA and UC Irvine, the Department of Justice said Thursday. U.S. Attorney General Pam Bondi has directed the department's Civil Rights Division to investigate whether the schools' policies comply with the 2023 U.S. Supreme Court ruling that ended affirmative action in college admissions, the department said in a statement. Since taking office in January, President Donald Trump has attempted to dismantle diversity, equity and inclusion programs that his administration says exclude white and Asian American students. The administration has warned schools and colleges they could lose federal money over «race-based preferences» in admissions, hiring, scholarships and all aspects of campus life.

Donald Trump revealed his intentions to reshape the Smithsonian Institution with an executive order on Thursday that targets funding to programmes with "divisive narratives" and "improper ideology". Trump said there has been a «concerted and widespread» effort over the past decade to rewrite American history by replacing «objective facts» with a «distorted narrative driven by ideology rather than truth». He signed an executive order putting Vice President J D Vance in charge of an effort to «remove improper ideology» from the Smithsonian Institution, including its museums, education and research centres and the National Zoo. Trump's order specifically names the National Museum of African American History and Culture and the Women's History Museum, which is in development. «Museums in our nation's capital should be places where individuals go to learn — not to be subjected to ideological indoctrination or divisive narratives that distort our shared history,» the order said. Representatives for the Smithsonian did not immediately respond to an emailed request for comment.

Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue. Sitharaman said customs duty reductions are part of India's broader objective to strengthen its manufacturing hub and boost battery and advanced chemistry capacities. Replying to a debate on the Finance Bill 2025 in Rajya Sabha, Sitharaman said, «Consistently, budget after budget, we are coming up with a reduction in duties so that India's aspiration for being a manufacturing hub and India's aspiration in building capacities for battery manufacturing and advanced chemistry is being supported. So, this is a consistent thing.» «I heard quite a few members say, „Oh, the tariff war has started, so in response to the tariff announcements made by President Trump, here we are doing it. No, we have been doing it since 2023, steadily, every year. Newer items are being brought in, keeping in mind Atmanirbhar Bharat and, at the same time, Viksit Bharat's requirements, as well as simplifying the customs duty and compliance details,“ Sitharaman said. »So, this is an ongoing process. It has nothing to do with today's global situation but is a process that will continue even in the future," she added.

automakers tracked losses of their Wall Street counterparts following U.S. President Donald Trump's announcement of trade tariffs. As of 0017 GMT, the Nikkei was down 1.5% at 37,222.21.

Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»

Gold prices scaled a record peak on Friday as concerns over U.S. President Donald Trump's fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal.

dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a year, gaining more than 4% since the start of 2025 on a combination of peace prospects in Ukraine, dollar weakness, and a leap in benchmark German yields.

Shashi Tharoor has welcomed US President Donald Trump's recent recognition of India's voter ID system in his latest executive order aimed at overhauling the US federal election process. Trump's order mandates proof of citizenship for federal elections and imposes new restrictions on mail-in voting, drawing comparisons with election systems in India and other countries. Reacting to Trump's remarks, Tharoor highlighted that India has had a robust voter verification system since 1952.

Tata Motors tumbled more than 5% on Thursday after US President Donald Trump declared a 25% tariff on imports of cars and components effective April 2. The parent of British luxury carmaker Jaguar Land Rover slumped as much as 6.7% during the day, closing 5.5% lower at ₹669.5 apiece.

News reports indicate that Putin is struggling with serious health issues such as cancer and Parkinson's, as evidenced by shaking limbs and puffy features. The Kremlin persists in denying everything.

Donald Trump has yet again reignited his contentious push to annex Greenland, citing national security reasons. His administration has not ruled out economic or military action, prompting strong criticism from Greenlanders and Danish leaders. As Vice President JD Vance prepares to visit, tensions over America's ambitions escalate. Greenland and Denmark have sharply criticized Vice President JD Vance's planned visit to the Arctic island. Despite opposition, Donald Trump insists that «the world needs us to have Greenland,» raising concerns about future US policy.

humanitarian parole program for Cuban, Haitian, Nicaraguan, and Venezuelan migrants has placed Cuban American Republicans in a political dilemma. Many now face pressure to either support ending the Biden-era program—popular among their communities—or break ranks with former President Trump, whom they overwhelmingly back. The program, which allowed over 500,000 migrants to live and work in the U.S. for up to two years with sponsors, disproportionately benefited Cubans, the largest group of beneficiaries.

Trump administration, the DC Circuit Court of Appeals on Wednesday temporarily halted the deportation of suspected Venezuelan gang members under the infrequently used Alien Enemies Act (AEA), reported Wusa9. The 18th-century law had been invoked by US president Donald Trump earlier this month to immediately deport a group of Venezuelan men suspected of being affiliated with the Tren de Aragua gang, according to the report.

bilateral trade agreements. Accompanying political energy and encouraging words reflect a dramatic departure from sobering scepticism of the recent past. The big change is, of course, Donald Trump's unsheathing of tariffs. Inevitably, trade negotiations with the US are the principal driver. Not every trade agreement will be uniform. Concessions will likely vary, depending on strategic vulnerability. As India's most consequential business, technology and foreign policy relationship, the US will get priority in timing and substance. This is rooted in realism. It's the same approach every other major trade partner of Washington will take. In a volatile world, marked by American recalibration and retrenchment, there are significant gains to becoming among the earliest countries to find accord with the Trump administration. Gains will be both tangible and intangible.

Several analysts on Wall Street see a clear winner emerging from President Donald Trump's new auto tariff policy: Tesla.

Shares of highly shorted Hertz and Avis Budget Group surged on Thursday as U.S. President Donald Trump's plan to slap a 25% tariff on imported vehicles raised prospects of consumers opting for car rentals instead of buying expensive new cars. The new levies could add thousands of dollars to the cost of an average vehicle in the United States. The American Automotive Policy Council said it is «critical» that the tariffs are implemented in a way that avoids price hikes for consumers.

Trump is doing all he can to save TikTok, the hugely popular video-sharing app owned by Chinese Internet company ByteDance. It's unusual because not long ago Trump had wanted to ban it. In a desperate bid to make TikTok American, he said on Wednesday he would be willing to reduce tariffs on China if it allows ByteDance to sell the app to an American buyer. However, AFP has reported that China has rebuffed Trump's offer, with its foreign ministry saying that it has «repeatedly stated our position» on TikTok. «The Chinese side's stance against imposing additional tariffs is also consistent and clear,» foreign ministry spokesman Guo Jiakun said. A US law during the Biden administration ordered TikTok to divest from its Chinese owner ByteDance or be banned in the US, enacted over concerns that Beijing could exploit the video-sharing platform to spy on Americans or covertly influence US public opinion. The law took effect on January 19, a day before Trump's inauguration. TikTok temporarily shut down in the US and disappeared from app stores as the deadline for the law approached, to the dismay of millions of users. Trump suspended its implementation for two-and-a-half months after beginning his second term on January 20, seeking a solution with Beijing. TikTok subsequently restored service in the US and returned to the Apple and Google app stores in February. Trump's reprieve to TikTok is set to expire on April 5. Why did Trump change his stance on TikTok from wanting to ban it to going all-out to save it? Why Trump wants to save TikTok

Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies, as per a report. Major car exporter Germany urged a firm response from the European Union, while Japan said it «will consider all options», AFP reported. The US duties take effect starting April 3 and impact foreign-made cars and light trucks. Key automobile parts will also be hit within the month. Global stock markets plummeted with automakers like Toyota, Hyundai and Mercedes leading the plunge. In New York, shares in General Motors tumbled with Ford and Stellantis also declining. France Finance Minister Eric Lombard condemned the «hostility,» saying the only solution for the European Union is to «raise tariffs on American products in response.»