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Subscribe to enjoy similar stories. Toy makers are worried, as everything from dolls to board games is about to get more expensive. Hundreds of toy companies, ranging from giants such as Hasbro, Mattel and Lego, down to the smallest tinkerers, gathered at New York’s Toy Fair in recent days with the spectre of tariffs looming large.

Donald Trump on Tuesday is expected to lay out for Congress and the American people his plans for the weeks and months ahead after a turbulent first few weeks in office, which have featured a dismantling of the federal government, tensions with America's allies and a trade war compounding economic uncertainty. His joint address to Congress is the latest marker in Trump's takeover of the nation's capital, where the Republican-led House and Senate have done little to restrain the president as he and his allies work to slash the size of the federal government and remake America's place in the world. With a tight grip on his party, Trump has been emboldened to take sweeping actions after overcoming impeachments in his first term and criminal prosecutions in between his two administrations. Trump's theme will be the «renewal of the American dream,» the White House said, and he was expected to lay out his achievements as well as appeal to Congress to provide more money to finance his aggressive immigration crackdown.

global selloff in markets. Equities opened lower in Sydney and mixed in Tokyo after mayhem on Tuesday that saw a global index approach levels from the start of this year. Contracts for the S&P 500 rose 0.8% — after the index dropped 1.2% on Tuesday — echoing gains in late trading after Lutnick hinted at a compromise with Canada and Mexico. That was within hours of the US imposing the largest set of new tariffs in nearly a century on goods from its neighbors and China.

Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the country. The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.

The actions, which could upend nearly $2.2 trillion in two-way annual trade, went live hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the US. China announced additional tariffs of 10-15% on certain US imports from March 10. It also slapped export and investment curbs on 25 US firms on grounds of national security. «Trying to exert extreme pressure on China is a miscalculation and a mistake,» a foreign ministry spokesperson said in Beijing, adding that China had never succumbed to bullying or coercion.

For fans wanting to see him live, here is a guide for ticket options, pricing, and dates on the tour.

Trump justifies tariffsTrump has defended the tariffs as necessary for national security and economic growth. "These tariffs will bring back American jobs, protect our industries, and force our trading partners to treat us fairly," he said in a press conference.He accused Canada and Mexico of failing to curb illegal immigration and drug trafficking, particularly fentanyl.

United States President Donald Trump’s tariffs will “disproportionally affect the less fortunate” economically, says the head of Canada’s largest bank.

Donald Trump has issued a ban on what he referred to as «illegal protests», insisting that schools or colleges that experience these protests will lose all federal funding. Donald Trump said Tuesday that he will cut funding for schools that allow «illegal protests,» his latest threat to turn off the flow of federal money to the country's education system. Trump has made it clear in the past that protests against him are not appreciated, despite he and party's insistence on the importance of free speech in the US. The Republican has previously threatened to cut government funds to US colleges, schools and universities over teachings on gender and race, if they allow transgender athletes to compete on girls' sports teams, or if they insist on Covid-19 vaccine mandates. ALSO READ: Gene Hackman's neighbours drop bombshell confession, reveal eccentric details days after actor's death

President Donald Trump's new 25% tariffs on goods from Mexico and Canada took effect, along with a doubling of duties on Chinese goods to 20%, at 12:01 a.m. EST (0501 GMT).

Non-tariff measures being announced by developed economies such as European Union's carbon tax and deforestation regulation limit market access for Indian goods in those markets, a senior government official said on Tuesday. Addressing a post-Budget webinar, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the other challenges before Indian exports include insufficient integration with global value chains, high import duties, technology disadvantage, and high cost of logistics (about 8-9 per cent of GDP against 5-6 per cent in developed nations). He added that the export window is also narrowing because of aggressive industrial policies of advanced nations like USA's Inflation Reduction Act and Chips Act, and UK's advanced manufacturing plan. Most non-tariff measures (NTMs) are domestic rules created by countries with an aim to protect human, animal or plant health and the environment. NTM may be technical measures like regulations, standards, testing, certification, pre-shipment inspection or non-technical measures like quotas, import licensing, subsidies, and government procurement restrictions.

Subscribe to enjoy similar stories. Kolkata: As the sun set on Marquis Street in Kolkata, Mohammad Mazurul Islam, 75, and his wife Rashida Begum, 56, strolled around to check if they had missed out on buying any item from the list that they had made to take back home. They make two annual visits to the city for health checkups, and shop for themselves and their families.

With unemployment at a record low 2.3%, President Vladimir Putin has flagged labour shortages as a problem and on Friday steelmaker Severstal criticised a regional move to ban migrant workers in construction. Citizens from the former Soviet Union have traditionally dominated Russia's migrant workforce.

BJP on Tuesday slammed the Congress and other opposition parties over Maharashtra Samajwadi Party (SP) president Abu Azmi's remarks about Mughal emperor Aurangzeb and said they could stoop down to any level in their bid to «eradicate» Sanatan Dharma. The BJP's reaction came amid a row over the Maharashtra SP leader allegedly eulogising Aurangzeb in his recent remarks. He said during the Mughal emperor's reign, India's border reached Afghanistan and Burma (Myanmar), and the country was then called a golden sparrow with its GDP then accounting for 24 per cent of the world GDP. Asked about the fight between Aurangzeb and Sambhaji Maharaj, Azmi, an MLA from the Mankhurd Shivaji Nagar constituency in Mumbai, termed it a political battle. BJP national spokesperson Sudhanshu Trivedi also termed Azmi's remarks an «insult to the entire Indian society» and alleged that the opposition INDIA bloc constituents are engaged in a «cut-throat competition» with each other to prove themselves anti-Hindu for minority votes.

Subscribe to enjoy similar stories. US President Donald Trump and his vice-president, J.D. Vance, are spinning Friday’s Oval Office clash with Ukrainian President Volodymyr Zelensky as a show of American strength towards an ungrateful supplicant.

Mexico and Canada have been subject to a 25% levy on exports to the US, with the exception of Canadian oil and energy products, which the US heavily imports and will instead receive a 10% tariff.  The Trump administration has also implemented an additional 10% tariff on Chinese imports, on top of the 10% already imposed on the US' largest Asian trading partner last month.  Trump to go ahead with Mexico and Canada tariffs from 4 March Speaking at a White House press conference on Monday (3 March), the president said: «Vast amounts of fentanyl have poured into our country from Mexico...

Subscribe to enjoy similar stories. High-school physics textbooks tell us that the gravitational pull between two objects is determined by three factors—the weight of the two objects, the distance between them and a universal gravitational constant. The gravitational force is directly proportional to the mass of each object, while it is inversely proportional to the distance between them.

Subscribe to enjoy similar stories. With tariffs poised to take effect on Tuesday on products from Canada and Mexico, plus threats of levies on imports from the European Union, one thing is clear: President Donald Trump likes the number 25. All of those tariffs are set at 25%, assuming no last-minute deal to lower them.

Subscribe to enjoy similar stories. Few countries have bet as heavily on free trade as Mexico and Canada. Now that President Trump says 25% tariffs will hit both countries Tuesday, their economies are facing a stress test that rivals the global financial crisis and the pandemic.

Subscribe to enjoy similar stories. China hit back at the U.S. with a slate of retaliatory measures in response to the Trump administration’s latest tariff increase, escalating a trade war between the world’s two largest economies.

Subscribe to enjoy similar stories. The U.S. economy entered a new era at 12:01 a.m.