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The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton. Local steelmakers have been battling a rising influx of discounted steel, with intake from China, South Korea and Japan hitting a record high in first 10 months of the current fiscal.

In a Wednesday interview with Bloomberg Television, Lutnick said that Trump would update his tariff plans with an afternoon announcement, possibly sparing sectors such as autos from the import taxes. «There are going to be tariffs, let's be clear,» Lutnick said. «But what he's thinking about is which sections of the market that can maybe — maybe — he'll consider giving them relief until we get to, of course, April 2.»

trade and commercial ties with India has urged both countries to focus on normalising trade and business relationship between them for the welfare of the people of both sides. In a letter to the Pakistan-India Joint Business Forum (PIJBF) Wednesday, the Pak-India Business Council chairman Noor Muhammad Kasuri asked it to play its due role in creating circumstances where the two countries may save approximately USD 10 billion in the fields of energy sector, petroleum products, raw material for pharmaceutical industry, consumers' goods, cotton items and infrastructure development. He said the businessmen of both countries suffered due to passive ties for the last six years. «Strenuous efforts should be made to create a conducive atmosphere where businessmen of both the countries may avail trade and business opportunities present in their respective countries,» he said.

AFP quoted Ana Cristina Villalpando Fonseca, head of the National Chamber of the Tequila Industry (CNIT) as saying.According to Mexico’s Tequila Regulatory Council, two-thirds of the country's tequila produced last year was exported to the US, accounting for about 335 million liters. That made up 83.6 percent of tequila exports, representing about $4.5 billion worth of liquor.Following the new tariffs, Villalpando said prices for tequila will likely go up in the US.“The possible increase in tequila prices in the United States could encourage substitution with other alcoholic drinks," she said.US Tariffs News LIVE: According to truthsocial.com, US President Donald Trump's speech on new tariffs has been approved by 76 percent people.US Tariffs News LIVE: Speaking to reporters, as quoted by CNBC, Mexican President Claudia Sheinbaum said on Wednesday that she expects to speak with Trump on Thursday.Till now, Mexico has not yet declared retaliatory tariffs on the US, though Sheinbaum said on Tuesday that those would be announced this weekend.US Tariffs News LIVE: At the World Trade Organization on Wednesday, Canada has requested consultations with the United States on 'unjustified tariffs', Reuters quoted Canada's Ambassador to the WTO in Geneva as saying."The U.S.

Malaysia on Wednesday to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-China tech trade war. Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services — the lower end of the market. The agreement will see Softbank-owned Arm provide chip designs and other technology, helping Malaysia to move into more value-added production such as wafer fabrication and integrated circuit design.

«It's totally unfair,» said Moeed Ali Khan, a private car driver outside Lahore's Gaddafi Stadium to watch the second semi-final between South Africa and New Zealand. «I am disgusted, neither our team is in the final nor is the final in Pakistan.»

Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Under pressure from the Trump administration over two ports at the Panama canal controlled by CK Hutchison Holdings Ltd., Li’s company announced a plan to sell off the bulk of its global ports business to a consortium led by BlackRock Inc. In return, the Hong Kong firm will receive cash proceeds of more than $19 billion. Investors, and even some of CK Hutchison’s closest advisers, were surprised that what began with two Panamanian ports has now evolved into a much larger deal. Under the agreement, the company will sell 43 ports in 23 countries, while keeping facilities in mainland China and Hong Kong.

post-Budget webinar on employment. PM Modi underscored the importance of investing in people, the economy, and innovation, describing these themes as central to India's roadmap for becoming a developed nation. «Investing in people, economy and innovation is a theme that defines the roadmap for a developed India. You can see its impact on a large scale in this year's Budget. Therefore, this Budget has emerged as a blueprint for India's future,» said PM Modi, emphasising that the Budget has given equal priority to infrastructure, industries, and human capital.

Subscribe to enjoy similar stories. Tech companies and their services-focused revenue don’t appear to be in the crosshairs of the new tariffs imposed between the U.S., Mexico and Canada on Tuesday. But they’re far from immune from a growing trade war.

Subscribe to enjoy similar stories. Growing up mostly in Bhopal, then the capital of undivided Madhya Pradesh, I was exposed to a range of language variants that we bundle between Hindi and Urdu, all of which I loved. English was a part of the environment, including at school.

China has signaled plans for a hydropower project in Tibet along one of the region’s main rivers, fanning speculation of a mega-dam that would test its engineering and diplomatic nous. The country will undertake the construction of a dam on the lower reaches of the Yarlung Tsangpo River in Tibet, and a power transmission project from Tibet to the Hong Kong area, the National Development and Reform Commission said in its annual report to the National People’s Congress on Wednesday. The Yarlung Tsangpo has long been mooted as a site for a mega-dam. In 2020, a state media report cited the head of government-owned Power Construction Corp. of China as saying the lower reaches of the river had a huge gorge with potential for 70 gigawatts of electricity generating capacity — more than triple that of the Three Gorges Dam, the largest in the world.

Donald Trump has set April 2 as the date for implementing reciprocal tariffs on a range of imports from several major trading partners. The tariffs, he said, are a response to what he considers unfair trade practices by countries like Canada, Mexico, China, the European Union, and India. This move is part of Trump’s broader agenda to reshape U.S. trade policies and create a more balanced global trading environment.

«Still, it remains to be seen if that is what it is or this is actually a new world where we basically have everybody having a tariff barrier and the free trade that we have all grown up with becomes less and less,» says Rajeev Agrawal, DoorDarshi India Fund. I guess all of us are hooked on to Trump's address, waiting to hear if he is going to say anything specific on Canada and Mexico tariffs or not. But how do you think this entire tariff tirade is going to really play out because the chatter in the US as well is tariffs are not good for them either. Rajeev Agrawal: So, no, absolutely, tariffs have created a lot of uncertainty in the whole world and how they will play out. Initially, the expectation was that tariffs is a way for negotiation to ensure that US companies get their fair share when they go into other countries.

Trump said in an address to the U.S. Congress that the pipeline would be one of the largest in the world. «Japan, South Korea and other nations want to be our partner, with investments of trillions of dollars each,» he said.

Donald Trump's long-threatened tariffs are here, plunging the country into an escalating trade war with China, Canada and Mexico. Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods. In response, all three countries announced retaliatory measures. Experts say consumers and businesses will be the hardest hit. Companies big and small will face higher costs on the goods they buy from other countries — and could have little recourse but to hike prices themselves. For consumers, that will likely mean more expensive price tags on everything from cars, appliances and other big-ticket items to smaller, everyday purchases including electronics, gasoline and groceries.

China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant. The plans were included in a government document prepared for the annual meeting of the National People's Congress (NPC), China's rubber-stamp parliament. The country wants to foster «industries of the future» including biomanufacturing, quantum technology, embodied AI and 6G technology, the report said. To do so, China plans to explore new models for national laboratories as well as give strong support and «important responsibilities» to young scientists and engineers.

China on Wednesday set its GDP growth target for 2025 at «around 5%» and laid out stimulus measures to boost its economy amid escalating trade tensions with the U.S.

Donald Trump's much anticipated speech got underway on the wee hours of Wednesday and the 78-year-old Republican hailed the country's achievements in the last 40-odd-days and said that 'America is back'. «We have accomplished more in 43 days than most administrations accomplish in four years or eight years — and we are just getting started,» Trump said as chants of «USA, USA!» erupted from the lawmakers seated in the US Capitol. «The American Dream is surging — bigger and better than ever before. The American Dream is unstoppable, and our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again.»

Jim Walker, Chief Economist, Aletheia Capital, says if the US economy begins to slow and which is very likely, then the direction of travel is going to have to change and that really means that he is going to have to back off some of this aggression towards his partners and within his own country. Hopefully by the middle of this year, a lot more sensible decisions will be made and a lot more visibility about where we are going. The underlying fundamentals remain the same. Asia looks pretty good, India looks great, China is recovering, and the real problems lie in the advanced economies in America. Walker said to clients this week that this is the time to absolutely double down on the long in India, go much longer and although we worry about the valuations in the Indian stock market, my view is that economic growth is going to take off from here and those valuations will be quickly supported by corporate earnings. Walker, who had predicted the 2008 crisis, does not think the present situation is like 2008. It will be a pretty painful slowdown, but we can go to the other end of it without the kind of government and central bank action that took place in 2008, 2009.

Subscribe to enjoy similar stories. After America announced on March 3rd that it is suspending military aid to Ukraine, it looks increasingly likely that Ukraine will have to depend on Europe. Donald Trump might be persuaded to reverse the suspension, for instance if Volodymyr Zelensky agrees to sign a deal on its minerals industry.

Subscribe to enjoy similar stories. One of the most famous quips about India that has long held good is British economist Joan Robinson’s “Whatever you can rightly say about India, the opposite is also true." A telling example is the contrast between our high position in the world’s GDP league table, where we rank third in terms of purchasing power parity, and our abysmal 119th spot when it comes to per capita income. But one measure on which we have unanimity, even among argumentative Indians, relates to the rapid adoption of digital technology.