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Subscribe to enjoy similar stories. New Delhi: In the immediate aftermath of the new US tariffs, India’s response has been twofold: to seek new opportunities in the changing world order, and re-evaluate its manufacturing strategy.

Donald Trump arrived in Miami for a weekend of golf and appearances. Even though Marine One experienced an unanticipated delay when it appeared that it had two flat tyres at Miami International Airport, President Trump arrived at his Doral golf resort Thursday afternoon for a LIV Golf event, as quoted in a report by CBS News. President Trump planned a weekend of speeches and golf, including time at Mar-a-Lago. Local officials warned drivers about traffic delays near the resort. ALSO READ: White House grounds off-limits as anti-Trump protests loom, forcing postponement of iconic garden tours

White House is being pushed back by one day. With a major anti-Trump rally expected to draw thousands to D.C. on Saturday, officials have postponed the garden tours that were scheduled for that day, citing safety and crowd concerns around the White House.

Subscribe to enjoy similar stories. Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew.

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest rates until it gets a clearer picture on the ultimate impacts.

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Traders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears President Donald Trump's tariffs could tip the U.S. into a recession.

Subscribe to enjoy similar stories. President Trump’s high tariffs would make the U.S. one of the world’s most protectionist countries.

Barclays, and Bank of America are sounding warnings over the prospect for a recession across the globe following US president Donald Trump's latest imposition of high tariffs, reported CNBC. JPMorgan said that if the tariffs remain imposed for long, it might lead the United States and the world into a recession, according to the report.

With this move, the two small islands off the Canadian coast have gone from relative obscurity to being the unexpected face of an escalating US-France trade clampdown. While larger countries like China and Mexico are often the focus of trade battles, this time it’s a quiet fishing outpost of under 6,000 people caught in the crossfire.

Subscribe to enjoy similar stories. Bankers don’t import or export sneakers or cars. But that doesn’t mean they are immune to tariffs.

Subscribe to enjoy similar stories. US President Donald Trump is showing America’s trading partners no mercy. If they export a lot to the US, it will tariff them back—by half.

Sachin Shah, Executive Director & Fund Manager, Emkay Investment Managers, says private sector banks are favoured due to reasonable valuations, eased liquidity from RBI actions, and a rebound in the rural market economy. Domestic focused businesses and export-oriented industries with strong value propositions also present advantages as India benefits from lower tariffs in global markets. Identifying strong businesses with solid balance sheets will be crucial. What should one do? How should one gauge an event like Trump-led reciprocal tariff and prepare for it? We were preparing, for the last two months we knew we were going to get a reciprocal tariff, April 2nd was the date that we all were watching out for, April 3rd for India. Despite all that, this tariff has hit us hard. It was much more than we expected. Sachin Shah: Yes, you are right, this is an event which we have been discussing for a while now and now it has happened. But we also have to become aware of the fact that this is sustainable, something we need to really think through because this is definitely going to impact the US economy the most and this is also reflected in the US capital markets clearly for the last few weeks and more so in the last couple of days. This is going to be very, very inflationary for the economy and clearly at this point in time, it looks like it may not be very sustainable.

Subscribe to enjoy similar stories. Since President Trump announced sweeping tariffs on imported goods Wednesday, Americans have been busy “adding to cart." Cedar Roach promptly checked out on $244 of workout sets from Lululemon (a Canadian brand) and a $150 sweater from House of Sunny (a U.K. brand) while Trump’s press conference played over the radio.

Subscribe to enjoy similar stories. As investors and consumers fretted in recent weeks about the fallout if President Trump unleashed a massive trade war, Trump himself kept looking to the past. The rest of the world has been ripping off the U.S.

Stock markets in the Asia-Pacific region fell for a second day, hot on the heels of the US S&P 500, which had its worst day since Covid crashed the economy in 2020. Nike, Apple and Target were among big consumer names worst hit, all of them sinking by more than 9%. ALSO READ: An article on Warren Buffett acquiring Elon Musk's Tesla for $1 trillion caused huge confusion online. Here's why

Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Trump left out the upside to the United States from the liberal flow of goods: a reliable supply of affordably priced appliances, clothing and electronics whose consumption has helped lift US economic growth above other developed economies in recent years. «Obviously we've benefited significantly,» said Paul Gruenwald, global chief economist at S&P Global Ratings. «We get to consume a lot of things that are produced more efficiently in other countries.» Trump's tariffs are almost certain to negatively impact this dynamic, say economists who see the levies lifting the price on everything from Gap t-shirts to the Apple iPhone to French wine. «This is very clearly going to raise consumer prices,» Michael Pearce, a US economist with Oxford Economics, said of the barrage of levies announced late Wednesday in an unveiling the White House billed as «liberation day.»

Flying taxis will become a viable method of transportation in China in the next three to five years, according to a senior executive at Ehang, a company that makes autonomous aerial vehicles (AAVs).

BEIJING — China's reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China.

Fitch Ratings. The ratings agency said the new tariffs, announced on what is labelled as “Liberation Day” by the US administration, go far beyond what it had previously expected and are already altering the global economic outlook. The tariff regime now imposes a minimum rate of 10% on all US trade partners, with significantly higher levies on 57 selected countries. As a result, the effective tariff rate (ETR) for EU imports into the US has jumped to about 20%, while the rate on Chinese goods has surged to 64%. These figures compare with Fitch’s earlier March assumptions of 15% for the EU and 35% for China. Other Asian economies have also been hit hard. Vietnam now faces a 46% tariff, Thailand 36%, Taiwan 32%, India 26%, South Korea 25%, Malaysia 24% and Japan 24%. Sector-specific exclusions—such as semiconductors, pharmaceuticals, copper and lumber—may be negotiated separately. Also Read: Recession, not Liberation Day! India, US and world GDP may slump for Trump tariff 'insanity' «We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years,» Fitch said.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.