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Donald Trump has said his reciprocal tariff policy was meant to stand up for the American worker, whom he portrayed as the victim of a decades-long shift toward unfettered globalization. His Rose Garden announcement on Wednesday pushed import duties to an average rate of around 22%, the highest in over a century.

Such conflicts, after all, are counterproductive in the first place. Raising levies on imports simply increases costs for domestic consumers, more than offsetting the benefits that local producers may enjoy from the higher prices they receive from the shift in spending. The best solution is just to stand aloof from this contest of economic self-harm, however much you’re provoked. That’s the case with most economies — but China, which has announced a 34% import tax against all US goods in response to President Donald Trump’s tariff blitz earlier last Wednesday, may be a rare exception. That’s because the world’s biggest manufacturer has spent decades building an economy that’s already largely war-proofed against blowback from its own trade practices. Consider the main items the nations trade with each other. The major products that the US imports from China are mostly things you’ll find in a Walmart Inc., at a shopping mall, or on Amazon.com Inc.: smartphones, computers, games consoles, furniture, toys and clothing. Slap a 54% tariff on these items, as Trump has done, and American consumers are going to notice pretty soon.

Modi will hold talks with Crown Prince Mohammed bin Salman, who is also the PM of Saudi Arabia. Both sides will look to take forward agreements finalised during the crown prince’s trip to India in 2023. The protracted Israel-Hamas crisis and tensions in the Red Sea besides the India–Middle East–Europe Economic Corridor (IMEEC) are likely to figure in the discussion agenda, it has been learnt. Saudi Arabia plays a critical role in the proposed IMEEC connecting India with Europe through UAE and Saudi Arabia. Ahead of the PM's trip to Riyadh, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, also the Defence Minister of UAE, is expected to visit New Delhi next week in yet another display of special ties. Sheikh Hamdan will meet defence minister Rajnath Singh as India moves to step up engagements with UAE’s next generation leadership. Last year, the Crown Prince of Abu Dhabi was hosted by the Modi government.

US president Donald Trump's wide-ranging tariffs, which caused markets to fall, the president from his private Mar-a-Lago club, posted on his social media platform Truth Social: «THIS IS A GREAT TIME TO GET RICH», reported AP.

Why are bank stocks crashing globally even though Trump’s tariffs don’t target them?- If you've been keeping an eye on the stock market, you probably noticed a wild swing recently—especially in the banking sector. Billions of dollars have vanished from global banks, and the confusion is real. You might be asking: Wait, aren’t Trump’s tariffs aimed at goods? Why are banks bleeding? That’s the heart of the issue. While President Donald Trump’s new tariff walls—reportedly the toughest in a century—don’t hit banks directly, the ripple effects are enough to spook the financial world. And the selloff we’re seeing now? It’s not just a blip. It could be the early signs of something much bigger, potentially tipping the global economy toward a 2025 recession.

Trump has vowed his historic tariff blitz would revive domestic manufacturing, but industry worries about his approach are raising fresh doubts about whether he can deliver on his promise of an economic boom. In the Rose Garden on Wednesday, Trump declared “jobs and factories will come roaring back into our country” and predicted new “golden age” in America. Since then, he has stood by his decision to hike US tariffs to their highest levels in more than a century, even as the move sparked a global market meltdown. Some manufacturing advocates and economists questioned Trump’s underlying logic, saying supply chain issues, high costs, workforce needs and the laborious process of moving production to the US stand in the way. Continued uncertainty about Trump’s long-term policy could also have a chilling effect, they said. If the tariffs aren’t enough to convince companies to move operations to the US, it could mean Americans bear the heavy burden of the economic havoc Trump’s announcement unleashed without the promise of future benefits. That could heighten political risks for Trump and his fellow Republicans. “While we certainly agree we should aggressively pursue any policy that helps us make things in America, the idea that you can move every part of the manufacturing process back to the US does not align with reality,” said Kip Eideberg, senior vice president for the Association of Equipment Manufacturers.

Trump's move on Wednesday to place stiff new tariffs on imports from nearly all U.S. trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans. It was the realization of his four decades of advocacy for a protectionist foreign policy and the belief that free trade was forcing the United States into decline as its economy shifted from manufacturing to services. The tariff announcement was the latest and perhaps boldest manifestation of Trump's second-term freedom to lead with his instincts after feeling his first turn in the Oval Office was restrained by aides who did not share his worldview. How it shakes out could be a defining judgment on his presidency. The early reviews have been worrisome. Financial markets had their worst week since the onset of the COVID-19 pandemic, foreign trade partners retaliated and economists warned that the import taxes may boost inflation and potentially send the U.S. into a recession. It's now Republican lawmakers who are fretting about their party's future while Democrats feel newly buoyant over what they see as Trump's overreach.

Subscribe to enjoy similar stories. BACK IN THE White House, President Donald Trump says that he will end the war in Ukraine—although not in a day, as he used to promise. But there is a problem: Vladimir Putin appears to be in no hurry to make concessions and accept a deal that is not on his terms.

tariff rate of 10% on countries across the globe, big and small. From the imposed reciprocal tariff rates, Asia and Europe on the higher end of the tariff scale. In Asia, the highest rate of reciprocal tariff is on Cambodia and Vietnam. India faces reciprocal tariffs of 27% while China faces reciprocal tariffs of 34%. Indonesia and Taiwan are facing higher tariffs than India at 32%. Mexico and Canada are exempted from new tariffs, while the previously announced 25% tariff on autos is to take effect from April 3, 2025. Reciprocal tariffs to the equivalent of ~50% of combined estimated rate of tariff and non-tariff barriers faced by US exports in the respective countries have been announced. A retaliation might put the global economy in a trade war. The efforts to reach a bilateral agreement between India-USA provides hope and scope to limit the impact of these reciprocal tariffs levied on India.

Senate Republicans plugged away overnight and into early Saturday morning to approve their multitrillion-dollar tax breaks and spending cuts framework, hurling past a hard line of Democratic opposition toward what President Donald Trump calls the «big, beautiful bill» that's central to his agenda. The vote, 51-48, fell along mostly party lines. It could not have come at a more difficult political moment. The U.S. economy is churning after Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Even some Republicans have expressed concerns. But with a nod from Trump GOP leaders held determined to march ahead. Approval paves the way for Republicans, in the months ahead, to try to power a tax cut bill through both chambers of Congress over the objections of Democrats, just as they did in Trump's first term with unified party control in Washington. «Let the voting begin,» Senate Majority Leader John Thune, R-S.D., said Friday night. The evening kicked off what's called vote-a-rama as Democrats were intent on making the effort as politically painful as possible, with votes on some two dozen amendments to the package that GOP senators will have to defend before next year's midterm elections.

Samajwadi Party chief Akhilesh Yadav on Saturday said it is very important to pay attention to the slump of India's markets as common people are losing their money and this could cause the economy to sink. In a post on X in Hindi, the former Uttar Pradesh chief minister held the central government responsible for this «double vicious circle» of the economy. Indian markets plunged on Friday after US President Donald Trump announced sweeping reciprocal tariffs, including 27 per cent on India, to reduce the trade deficit and boost domestic manufacturing. «It is very important to pay attention to the loss of millions of crores in the country's stock market because the savings and capital of the common people, who have some extra money to invest and with which they buy goods or services and vehicles and land, is being lost. »These are the things that keep the wheel of buying and selling moving in the market and also the economy. If the money of the common people is lost in the stock market, then both the market and the economy sink," Yadav said in his post. Investors' wealth dropped by Rs 10 lakh crore on Friday as the BSE Sensex slumped over 900 points to crash below the 76,000 level due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears.

Warren Buffett wants the world to know: he’s not cheering Donald Trump’s tariff spree. And he hasn’t said a word about it—despite what viral videos and presidential posts might suggest. Berkshire Hathaway issued a rare public statement on Friday, flatly denying that Buffett ever praised Trump’s recent economic measures. “There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said. The clarification came hours after US President Donald Trump shared a video on Truth Social claiming Buffett had declared Trump was making “the best economic moves he’s seen in over 50 years.” The video, originally posted by an Instagram user called «AmericanPapaBear,» suggested Trump was “crashing” the stock market on purpose to make equities cheaper for the middle class. Trump’s repost came just as global markets were convulsing in response to his new tariffs.

Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. «I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs,» he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more American exports, leading to negotiations that could reduce tariffs, or that companies increase their production in the U.S. to avoid higher import taxes. Rob Blackwell and his wife needed a new car that could handle long drives from Arlington, Virginia, to their son's college. Their current electric vehicle is older with a limited range, and it will soon be used by his daughter, who is on the verge of getting her driver's license.

Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, they will face some of the most punishing tariffs. All three countries have said in recent days that they’re open to negotiations over the “reciprocal tariffs” Trump announced this week, while Singapore, a finance and trade hub, has said that it doesn’t plan to strike back. The offers come as nations worldwide weigh how to respond to Trump’s decision to slap tariffs from 10% to as high as 50% on every country. Since his announcement, trillions of dollars in market value have been wiped out globally and triggered widespread recession alarms. Southeast Asia’s offers to negotiate contrast with China’s immediate retaliation, while the European Union is preparing its own countermeasures if talks fail. Trump and Vietnam's leader To Lam have agreed to discuss a deal to remove tariffs, both leaders said after a phone call that Trump said was «very productive», as Hanoi has escalated its campaign to dodge duties of 46%.

IIM Shillong celebrated its 16th Annual Convocation Friday. The ceremony witnessed the conferment of degrees upon 475 graduating students, including 381 from the Post Graduate Programme (PGP) 2023–25 batch. Around 54 from the Post Graduate Programme for Executives (PGPEx) 2024–25 batch, and 35 from the Post Graduate Programme for Working Executives (PGPWE) 2023–25 batch. In addition, five scholars were awarded the Doctor of Philosophy (PhD) degree. Shishir Kumar Bajoria, Chairman of the Board of Governors, IIM Shillong, extended his heartfelt congratulations to the graduating students and their families.

Global investors have yearned for clarity over U.S. President Donald Trump's tariffs, but now they have it, they don't much like what they see. As part of his «Liberation Day» on April 2, Trump slapped hefty tariffs on major trading partners, plunging markets into turmoil, just as investors parse through the first new quarterly earnings, along with Chinese inflation data, waiting for the rest of the world to respond.

Donald Trump altering global trade structures. India bore some of the pain with higher-than-anticipated tariffs. The broader market showed a mixed trend with 23 smallcap stocks falling in double-digits. But at the same time 54 of them saw double-digit gains. On the losers side, Pokarna, Garware Hi-Tech Films and Avanti Feeds fell up 34% during the week. On the other hand, NACL Industries, Valiant Organics, Hester Biosciences rose up to 42%.

Subscribe to enjoy similar stories. The stock market has its worst day in years. Ominously, the currency also falls.

trade tariffs, industrialist Anand Mahindra believes India is being overlooked — and that could be a big mistake. On Wednesday, U.S. President Donald Trump announced sweeping reciprocal tariffs on global trade partners, including a 34% duty on Chinese goods. In response, China hit back with a 34% tariff on all imports from the U.S., escalating fears of a prolonged trade war. While the spotlight has largely remained on China, the U.S. also slapped a 26% reciprocal tariff on Indian goods, citing high import duties imposed by New Delhi. Amid this global shake-up, Mahindra sees an opening for India. Taking to X, the Mahindra Group Chairman said that while most global forums are focused on how China may benefit or retaliate, India remains a “non-topic of discussion." However, he argued that India is poised to become the world’s third-largest economy and, as the world’s largest democracy, is uniquely positioned thanks to its vast domestic consumption and strong supply chains. Mahindra also called for a “measured reaction” to tariffs, urging India to adopt smart policies that help it emerge as the world’s most reliable economic partner — and a key pillar in a new, multipolar global order.

Subscribe to enjoy similar stories. IF YOU failed to spot America being “looted, pillaged, raped and plundered by nations near and far" or it being cruelly denied a “turn to prosper", then congratulations: you have a firmer grip on reality than the president of the United States. It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy.

U.S. economy is heading into troubled waters. That’s the latest warning from J.P. Morgan, which on Friday forecasted a full-year contraction in gross domestic product for 2025 — the first major Wall Street institution to do so. “We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3 per cent, down from 1.3 per cent previously,” said Michael Feroli, the firm’s chief U.S. economist, in a note to clients, as reported by Bloomberg. Feroli anticipates a two-quarter recession in the second half of 2025, with GDP shrinking 1% in Q3 and 0.5% in Q4. The cause? A dramatic escalation in U.S. trade policy under President Trump.