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A resolution that challenges United States President Donald Trump’s national security justification for tariffs against Canada, passed in the U.S. Senate on Wednesday evening with bipartisan support.

Rahul Gandhi on Thursday raised the issue of reciprocal tariffs imposed by US President Donald Trump in the House on Thursday and said it will «completely devastate» the Indian economy. Gandhi raised the issue during Zero Hour and said, «Our ally has suddenly decided to impose a 26% tariff, which is going to completely devastate our economy — our auto industry, pharmaceutical industry, and agriculture are all in line.» Trump on Wednesday announced new reciprocal tariffs on several countries, including India, saying that the US has been «looted, pillaged, raped, plundered» by other nations. While the US announcement lists 26% as the tariff levied on India, other documents, including those received by the ministry, show that the rate is actually 27%. Gandhi also claimed that China had taken over 4,000 square kilometres of Indian territory and demanded answers from the government over these issues.

Marco Rubio has assured NATO allies that Washington is committed to the alliance, despite concerns raised by President Donald Trump’s earlier remarks. Speaking at a NATO foreign ministers’ meeting in Brussels, Rubio said that the United States seeks a stronger and more capable NATO. Rubio, as per the reports, said that the US is as active in NATO as it has ever been. He dismissed alleged hysteria and hyperbole in the media over Trump’s stance on the alliance. Rubio said that Trump has made it clear that the US supports NATO and they will remain a part of the organisation. However, Rubio reiterated Trump’s call for NATO allies to shoulder more responsibility. He, as per the Euro News report, urged European nations and Canada to increase their defence spending to five per cent of GDP. This reportedly is double of the current two per cent target which several nations including Belgium, Italy, and Spain fail to meet. Also Read :Judge who sentenced Marine Le Pen now under police protection

Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.

World Trade Organization said new tariffs announced by the U.S. along with those introduced at the start of the year could lead to a contraction of around 1% in global merchandise trade volumes in 2025. «I'm deeply concerned about this decline and the potential for escalation into a tariff war with a cycle of retaliatory measures that lead to further declines in trade,» Ngozi Okonjo-Iweala said in a statement on Thursday. She warned that the tariffs have the potential to create significant trade diversion effects. The WTO administers 74% of global trade, down from around 80% at the beginning of the year due to recent tariffs, according to the organisation. World leaders have warned of the potential negative economic consequences of the tariffs. «President Trump's announcement of universal tariffs on the whole world, including the EU, is a major blow to the world economy,» European Commission President Ursula Von Der Leyen said.

multi-polar world will become a reality faster than anyone had ever expected in the wake of the new tariffs announced by the US, Mahindra Group Chairman Anand Mahindra said on Thursday. In a post on social media platform X, Mahindra reposted a report of South Korea, China, and Japan, agreeing to cooperate for talks to improve free trade in the region amid concerns over US President Donald Trump's import tariffs, and wrote «the new tariffs announced by the U.S are a signpost of one major geopolitical development». He further said, «The MultiPolar World will now become a reality faster than anyone had ever expected.» The US on Wednesday announced 27 per cent reciprocal tariffs on India — saying New Delhi imposes high import duties on American goods — as the Trump administration aims to reduce the country's trade deficit and boost manufacturing.

The rationale, as given by White House Press Secretary Karoline Leavitt, was that US sanctions already prohibit «meaningful trade» with these nations, so further tariffs were not needed, according to Axios. But although this argument may make sense, the US continues to trade more with Russia than with nations such as Mauritius or Brunei, which did find themselves on Trump's tariff list, reported Axios.

Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump's protectionist moves a tragedy for global trade. Carney said the Canadian government will copy the U.S. approach by imposing a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal. Carney also told a press conference that the new tariffs would not apply to auto parts and would not affect vehicle content from Mexico. «Given the prospective damage to their own people, the American administration should eventually change course. But I don't want to give false hope,» Carney said, adding that it could take a long time for the United States to shift approach. Carney said Canada's previously announced tariffs would stay in place. Trump's new tariffs sent shockwaves through markets on Thursday. His 10% baseline levy on all U.S. imports, with much higher duties on some countries, encouraged investors to flee risky assets as they worried Trump was upending global trade.

dispute settlement system, say experts. US President Donald Trump on April 2 announced reciprocal tariffs ranging from 10-49 per cent on about 60 countries, including India and China. It will come into effect from April 9. International trade expert Abhijit Das said that these duties clearly violate the World Trade Organisation (WTO) rules. He said it breaches both MFN (most favoured nation) obligations and the bound rate commitments and a WTO member country has all the right to approach the WTO's dispute settlement mechanism. A government official said that the US has stated in its executive order for these tariffs that America has imposed import levies on national security grounds. The WTO appellate body, the highest platform for dispute resolution, is not functional at present.

U.S. President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday. Most iPhones are still made in China, which was hit with a 54% tariff. If those levies persist, Apple has a tough choice: absorb the extra expense or pass it on to customers. Shares of the company were down more than 8% in the wake of the tariff announcements, putting them on track for their worst day since September 2020. Apple sells more than 220 million iPhones a year; its biggest markets include the United States, China and Europe.

National Security Council (NSC) following a high-profile leak of classified discussions on Signal, a secure messaging app. The move, first reported by Axios and confirmed by DailyMail.com, follows an embarrassing incident involving National Security Advisor Michael Waltz.

Donald Trump's close ally Elon Musk stint with the government may probably end soon. The world’s richest person’s government service hitting its legal limit in the coming weeks, meaning Musk will reportedly step down as Department of Government Efficiency (DOGE) chief by the end of May. “He’s got a big company to run … at some point he’s going to be going back,” Donald Trump told reporters on Monday. “I’d keep him as long as I could keep him,” the president added. Amid this, US Vice President JD Vance said Musk will continue to be a «friend and adviser» to the Trump administration- even after his stint at DOGE is up. ALSO READ: Real reason why Trump's 'first buddy' Elon Musk is quitting DOGE in four months

commodity markets, causing widespread sell-off. Brent crude futures were trading at $69.98 per bblm falling by $4.97 or 6.63% in the day's trade while WTI contracts sinked over 7% on Comex to hit levels of $66.55, a correction of $5.16 per bbl.

import duties by the US on the global trade and not take any action in a hurry as America may itself face problems from its domestic industry, government sources said. US President Donald Trump on April 2 announced reciprocal tariffs ranging 11-49 per cent on about 60 countries, including India and China. It will come into effect from April 9. The official said there are both challenges and opportunities for India as many of its competitor countries in exports, such as China Vietnam, Bangladesh, Cambodia and Thailand, face higher duties. «As a country we need to watch the situation and need not be in a hurry. This is something new that has happened. It is unprecedented. The US industry too would be angry from this move and challenges will also be there. We need to wait, observe, and and see because we should not rush to conclusion that this is it for the future. We need to see what is there in store on their side,» one of the sources said. The duties announced by the US are aimed at cutting down its trade deficit and boost manufacturing. On the 27 per cent duty on India, they added that only 6-7 sectors like shrimp and carpet could face challenges from the steep taxes, but majority of other sectors like pharma and electronics would get opportunities to increase shipments as competitor nations would face higher duties than India.

Ford has launched a discount campaign in an attempt to attract more buyers and cruise through the competition, as other vehicle manufacturers hike prices in order to cover the increased tariffs on imported cars and auto parts. The initiative was rolled out on Thursday as President Donald Trump's 25 per cent tariffs on imported cars and auto parts came into force.

Donald Trump's social media company, Trump Media & Technology Group, filed to re-register for sale billions of dollars' worth of shares that he has in the company and that are held in a trust overseen by his eldest son, as per a report. The registration statement, filed with the Securities and Exchange Commission on Monday, permits the trust to sell shares, but that doesn't mean any sale is imminent. The nearly 115 million shares held in the trust were previously registered last summer by Trump Media, which is the parent company of Truth Social, the social media platform that Trump has used as his primary online megaphone, NYT News Service reported. A few weeks after winning the presidential election, Trump transferred his shares in Trump Media to the Donald J. Trump Revocable Trust, which is controlled by his eldest son, Donald Trump Jr. The president has said on several occasions that he had no plans to sell shares. Donald Trump is the largest single shareholder in Trump Media, controlling roughly 53 per cent of its shares. The stock, which surged after the election, has plunged more than 40 per cent this year. With the stock trading around $19, Trump's stake is worth nearly $2.2 billion. Trump Media's share price has swung wildly since it went public a year ago. Its trading patterns often seem divorced from the financials of the company, which has so far generated scant revenues and continues to post quarterly losses.

FIFA president Gianni Infantino on Thursday said the US was the sole bidder for the 2031 Women's World Cup, while the 2035 tournament will be hosted by the UK. The announcement by Infantino was made during the 49th UEFA Congress in Belgrade, Serbia, The Athletic reported.

Donald Trump on Thursday said that the US economy would emerge «far stronger» even as markets went down globally after the reciprocal tariffs. Taking to social media platform Truth, Trump said, «The operation is over! The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better and more resilient than ever before.» White House Press Secretary Karoline Leavitt also reassured US markets. «To anyone on Wall Street this morning, I would say, 'Trust in President Trump.' This is a president who is doubling down on his proven economic formula,» she said while speaking with CNN. She said the tariffs, which include 10 percent across the board levies on imports and steeper barriers on several countries including India, meant «the United States is no longer going to be cheated by foreign nations.»

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Donald Trump’s sweeping new tariffs, the White House said on Wednesday. The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard, as per a report. Trump on Wednesday announced he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House, Reuters reported. The trade protections, however, do not apply to energy imports from Canada or Mexico – which are already exempted under the United States-Mexico-Canada Agreement free trade deal – nor do they apply to energy imports from any other country, a White House official said, as per the report. Canada and Mexico are the two largest sources of imported crude oil to the United States, while Europe is a significant source of imported fuel to the U.S. East Coast, which has a dearth of oil refineries, Reuters reported.