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Beginning April 3, the US would levy a 25% tariff on fully assembled cars from India. By May 3, similar tariffs were expected on auto parts, raising concerns in India’s auto sector, which is one of the country’s largest exporters to the US. Announced during the “Make America Wealthy Again” event, the tariffs were part of Trump’s broader "Fair and Reciprocal Plan," under which the US would impose tariffs equivalent to those levied by other nations on US goods. On March 26, Trump officially announced the imposition of 25% tariffs on foreign-made cars and auto parts. These tariffs were set to go into effect on April 2, targeting a critical sector that includes exports of fully assembled vehicles and auto components. The impact of these tariffs is particularly concerning for India.

«April 2, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. Our country and its taxpayers have been ripped for more than 50 years but it isn't going to happen anymore. In a few moments i will sign a historic executive order for reciprocal tariffs 'throughout the world,» he said. «This is one of the most important days in American history. With today's action we are finally going to be able to make american great again, greater than ever before. More production at home will mean lower prices for consumers. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,» the 47th US President said. After weeks of anticipation, President Donald Trump unveiled a new set of tariffs on both allies and adversaries, aiming to address what he describes as unfair trade practices. The tariffs, which Trump announced on what he referred to as “Liberation Day,” are designed to boost US manufacturing and punish countries for trade imbalances. Under the "Fair and Reciprocal Plan," the US will impose tariffs equal to the ones that other nations have placed on U.S. goods.

China, which has long been a target of US trade actions, will face a hefty 34% tariff, while the European Union will see a 20% levy. Vietnam, another key player in the global trade landscape, will bear the heaviest burden with a 46% tariff on its imports to the U.S. The tariffs, which Trump announced on what he referred to as “Liberation Day,” are designed to boost US manufacturing and punish countries for trade imbalances.

Carlos Duran moved to the Oakland Athletics when the team acquired outfielder Esteury Ruiz from the Los Angeles Dodgers. The Oakland Athletics designated 26-year-old Ruiz for assignment before completing his transfer to Triple-A Oklahoma City. The Dodgers added Esteury Ruiz from the Athletics after moving Kyle Hurt to the 60-day injured list to recover from his Tommy John procedure.

Cincinnati Bengals have secured long-term deals for key offensive stars like Ja’Marr Chase and Tee Higgins. However, their defensive standout Trey Hendrickson’s future remains in a lurch. The Executive Vice President of Bengals, Katie Blackburn, addressed the situation during the NFL's Annual League Meeting. She stated that the team is still working through negotiations. Blackburn while speaking to the media said that the team will see how it all plays out. She acknowledged that the franchise allowed Hendrickson to seek a trade and yet no deal or contract extension has materialised, the reports stated. Hendrickson was the NFL’s reigning sack leader with 17.5 sacks last season. He, as per the reports, has been pushing for a lucrative long-term deal. But the Bengals have reportedly not met his demands yet. This has raised speculation about a possible trade before the NFL Draft 2025.

reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs. «Reciprocal tariffs in the range of 10 per cent are manageable but beyond that will have serious implications on Indian exporting community, particularly MSMEs. The duties will have a short-term impact on India's exports to the US as both the countries are negotiating a bilateral trade agreement,» Ralhan told PTI. The US tariffs will definitely impact demand for Indian goods in the US market, he said adding buyers are already holding orders as there is an uncertainty over import duties. Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery, may get impacted if the US goes ahead with imposing reciprocal tariffs on Indian products. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will amount to a 'Liberation Day' for the US.

Lupin on Wednesday said it has acquired UK-based Renascience Pharma for 12.3 million pounds (around Rs 135 crore). Lupin Healthcare (UK) Ltd, a wholly-owned subsidiary of the Mumbai-based drug maker, is acquiring a 100 per cent stake in Renascience, which supplies products in the UK. With the acquisition, Lupin Healthcare (UK) Limited gains full ownership of Renascience which, going forward, will trade as its subsidiary, Lupin Ltd said in a statement. Renascience is the sole supplier for branded injectable cephalosporines for infectious diseases, a topical treatment for ear pain and a branded quinasoline-like diuretic for cardiovascular and renal indications in the UK market.

Subscribe to enjoy similar stories. Pfizer in 2019 sold $20 billion of drugs in the U.S. Its federal tax bill? Zero.

“Liberation Day in America!” But while the U.S. president celebrates what he claims will be an economic revival, one country in particular is bracing for what could be a financial disaster. Standing in the Rose Garden of the White House, Trump is set to unveil a sweeping wave of tariffs targeting multiple countries, a move he believes will restore American industry. White House press secretary Karoline Leavitt hinted that these measures would include reciprocal tariffs, ensuring that if a country taxes American goods, the U.S. will return the favor—dollar for dollar. While most details remain under wraps, one policy has already been confirmed: a 25 percent import tax on all foreign-made cars entering the U.S. The crackdown on vehicle imports begins today, with businesses importing cars set to face charges starting April 3. By May, even car parts will be hit.

global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.

silver prices would double this year, calling the metal the «hottest investment today» due to strong demand and limited supply. In a post on microblogging site, X (formerly Twitter), Kiyosaki pointed to silver's current price of $34 an ounce, noting that it remains 60% below its all-time high. «I predict silver will rise 2X this year to at least $70 an ounce,» he wrote, adding that he recently bought more silver from the Republic Monetary Exchange.

Trump Tariff News LIVE: US President Donald Trump is all set to announce reciprocal tariffs on 2 April, which will immediately come into effect. Donald Trump has styled the new US tariff plans as coming on America's "Liberation Day".Earlier, the White House had slammed India for imposing a 100 per cent tariff on America’s agricultural products and highlighted similar trade barriers in the EU, Japan, and Canada.According to reports, quoting US Treasury Secretary Scott Bessent, the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April 3.Experts suggested that US companies which import goods will have to pay the new taxes soon after the announcement, while alarming the situation raises the possibility of a recession in the US and in other countries.Stay tuned with Live Mint for all the LIVE action.“April 2, 2025, will go down as one of the most important days in modern American history," White House press secretary Karoline Leavitt said on Tuesday.Trump Tariff News LIVE: Donald Trump is expected to address the media at 4 pm ET on April 2, which is 1:30 am IST on April 3.Trump Tariff News LIVE: The Indian currency plunged on Wednesday with the markets awaiting for US President Donald Trump to announce US reciprocal tariffs.

In its quarterly sentiment survey involving 78 investment management CIOs, ARC found many respondents have struck a «cautious tone» as conviction levels across all major classes fell, with a  strong decline reported in the US. Trump trade war could lead to $1.4trn global welfare loss as 'Liberation Day' looms Sentiment towards US assets hit 4% net negative in Q1 2025, down from 36% net positive posted in the same period a year ago. The bonds sector reported the largest decline in sentiment, falling from 44% to 29% net positive from Q1 2024 to Q1 2025, respectively. Equities also...

On the BSE, Punjab Sind Bank(down 12.23 per cent), Sainik Finance(down 11.33 per cent), Central Bank(down 10.87 per cent), Franklin Leasing & Finance(down 10.00 per cent) and Mediaone Global Entertainment(down 9.98 per cent) stood among the top losers in today's trade.

Equity benchmark Sensex ended the session up 592.93 points at 76617.44.

Devang Shah, Head, Fixed Income, Axis MF, says RBI has infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs and this liquidity injection is very positive and near-term liquidity problems may get sorted out. In fact, Shah’s assessment is that from here till September, we will see a positive banking liquidity and a positive durable liquidity to upwards of around Rs 2-3 lakh crore. Now they will probably have to start looking at some bit of absorption of liquidity because liquidity should be in a decent surplus. We are looking at surplus liquidity coming into the system for the first time by the Reserve Bank of India. Do you think markets should now stop complaining? There is surplus liquidity in the system. Devang Shah: You are absolutely right. Last year, after the entire forex intervention and significant currency leakage, durable liquidity as well as banking liquidity, both had turned negative. If you look across from June to September 2024, post the RBI dividend declaration, we were in significant surplus liquidity. From there, we went into a massive deficit liquidity. Again, thanks to all the proactive measures which RBI collectively put together including tools like CRR, VRR, OMOs, as well as this entire facility on FX, RBI must have infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs.

Visakhapatnam Port Authority (VPA) handled 82.62 MT of cargo during 2024-25, its highest ever, it said on Tuesday. The VPA termed it a “milestone unlocked” as it witnessed increased volumes across key cargo segments including crude oil, manganese ore, bauxite, rice and general cargo despite global trade fluctuations and logistical challenges. Visakhapatnam port also ranks among the world’s Top 20 container ports.

Subscribe to enjoy similar stories. SÃO PAULO—In the unfolding global trade war, Brazil is betting it has some distinct advantages. Chinese buyers are already stockpiling Brazilian soybeans as Beijing retaliates against President Trump’s tariffs with levies on U.S.

«Both the daily and weekly RMI momentum indicator that we use are giving bullish signals. So, there is no doubt right now that the markets are going to weaken further,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. With this new series, a lot of volatility already kicking in. There are big events lined up, Trump announcements as well as RBI monetary policy. But overall, how is the trend shaping up for you when it comes to benchmark indices? Rohit Srivastava: So, if you are just looking at the Indian indices and try to discount it without letting too much of the news flow affect you, then the trend is pretty much positive.

«Widespread price hikes and inefficiencies» could be the result of a global trade war and retaliatory tariff spiral, according to a report from economists Jun Du and Oleksandr Shepotylo at Aston University.  The report found that the 2018 US tariffs cost consumers $1.4bn per month in welfare losses; in the event that all countries targeted by Trump's levies retaliate with the same level of tariffs after ‘Independence Day' (2 April), leading to a potential $1.4trn global welfare loss.  Wall Street giants hike recession risk expectations amid impending Trump tariffs In particular, US...