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The 27-country bloc faces 25 per cent import tariffs on steel and aluminium and cars and 'reciprocal' tariffs of 20 per cent from Wednesday for almost all other goods. President Trump's tariffs cover some 70 per cent of the EU's exports to the United States — worth in total 532 billion euros ($585 billion) last year — with likely duties on copper, pharmaceuticals, semiconductors and timber still to come. When Trump hit steel and aluminium imports with a 25 percent tariff in March, the EU decided on «an eye for an eye» approach. «We will react in areas where it hurts the United States,» a senior EU official said. Officials have previously said the EU will target goods from politically important US states, including soybeans produced in Louisiana, the home of US Speaker Mike Johnson, who pushes Trump's agenda in Congress. The is happening even though, President Trump's one of the closest advisers billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create «a very close, stronger partnership» and reach a «zero-tariff zone.» Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, anti-migrant League party and vice premier of the Italian conservative government led by Premier Giorgia Meloni.

Fitch Ratings said in a note. Post the higher-than-anticipated tariffs imposed the US administration, the rating agency projected that US growth in 2025 is likely to be slower than the 1.7 per cent that it had projected in March. According to Fitch Ratings, tariff hikes will result in higher consumer prices and lower corporate profits in the US. «Higher prices will squeeze real wages, weighing on consumer spending, while lower profits and policy uncertainty will act as a drag on business investment,» Fitch said. «Upward pressure on goods prices from tariffs — in the context of a recent large jump in US households' medium-term inflation expectations — means the Fed is likely to become more cautious about further rate cuts in the near term.»

“We have to be patient. Trade pacts do not happen overnight. It is a careful and steady process. Things are analysed carefully,” an official said on the condition of anonymity, adding that a slight impact on demand in the US could be a little challenging. India has “emerged a winner” following the reciprocal tariffs imposed by the United States, officials said, pointing out that the country has a first mover advantage compared to its competitors owing to of the Bilateral Trade Agreement (BTA) that the two are negotiating and because Indian exporters are better positioned to deal with the additional US tariffs. They said the country will take all measures within the World Trade Organization (WTO) framework to check dumping of goods from countries such as China which have been slapped with steeper tariffs. “The government is there to protect domestic industry from any possibility of dumping of goods in such a situation,” the official added. While the US has imposed 26% reciprocal tariffs on India, it has levied 34% additional import duties on China. India is also likely to gain from the US-China trade war, according to officials.

Subscribe to enjoy similar stories. Cash is looking more and more attractive these days. Stocks tumbled after President Trump escalated his trade war against the rest of the world.

Subscribe to enjoy similar stories. Beijing spent the first months of President Trump’s second term trying—and failing—to figure out the new administration’s approach to China. Officials hoping to build lines of communication with Washington had no luck.

Subscribe to enjoy similar stories. Imagine there was no other country but India. The subcontinent was all the landmass that there was on the planet, with oceans all around.

Subscribe to enjoy similar stories. He’s serious, and that’s seriously bad news for the stock market. President Donald Trump launched a major new phase in his trade war on Wednesday, imposing tariffs on nearly every country on the globe.

Subscribe to enjoy similar stories. New Delhi: India will refrain from taking retaliatory action against the US’ reciprocal tariffs or making sharp public responses against Washington, keeping trade diplomacy at the centre of its strategy, a senior government official said. As a global tariff war unfolds in response to US President Donald Trump’s additional tariffs on more than 60 nations, India is taking a calm and measured approach, positioning itself as a balanced negotiator, the official said.

Southern University in Louisiana was awarded $600,000 for its "Project Farm to Feminine Hygiene", a bold effort to develop natural alternatives to synthetic sanitary products. Using regenerative cotton, wool, and industrial hemp, the project also planned to launch educational programmes and support local fibre farmers by building a processing facility. But that vision has been cut short. On 7 March, Agriculture Secretary Brooke Rollins announced on X that she was revoking the funding, claiming the grant was meant to study “menstrual cycles in transgender men.” It wasn’t. The actual documentation mentions transgender people only once—acknowledging that they, too, may menstruate. The single-line reference was enough to trigger a misinformation storm.

Vitali Klitschko said the city was under missile attack on Sunday with explosions in the Ukrainian capital, two days after a Russian missile killed 18 people in President Volodymyr Zelensky's hometown. Klitschko said paramedics had been sent to two districts in Kyiv, while the Ukrainian air force said missiles had entered the northern Chernihiv region. «Explosions in the capital. Air defence is in operation,» Klitschko said on Telegram. «The missile attack on Kyiv continues. Stay in shelters!» He added that three people were injured so far, and said there was reported wreckage falling in two non-residential sites.

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.

Fred Ridley’s quiet diplomacy offers a temporary truce. Ridley, the chairperson of the Augusta National Golf Club, walks a careful line – safeguarding Augusta’s traditions while navigating golf’s deepest divide. The Florida man has emerged as an unexpected diplomat amid the sport’s most contentious civil war. His committee upholds strict qualification standards, demonstrating subtle flexibility that acknowledges golf’s evolving landscape without explicitly taking sides in the PGA TourLIV Golf dispute. Joaquin Niemann received a second consecutive special invite alongside Nicolai Hojgaard.

reciprocal tariffs imposed by the US and has a first mover advantage as compared to other countries because of the Bilateral Trade Agreement (BTA) that the two are negotiating, officials said, adding that Indian exporters are better positioned to deal with the additional US tariffs as compared to their competitors. The country, they said, will take all measures to check dumping of goods from China as Beijing is slapped with steeper tariffs and work within the World Trade Organization (WTO) framework to prevent the dumping of excess capacity into its markets by countries hit by high US tariffs. “The government is there to protect domestic industry from any possibility of dumping of goods in such a situation,” said an official. New Delhi is also exploring measures to protect sensitive sectors like dairy and agriculture amid the trade war. While the reciprocal tariffs on India are 26%, those on China are 34%. India is also likely to gain from the US-China trade war.

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.

US stock market has started witnessing a chaos. President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6 per cent on Friday, the Dow Jones Industrial Average plunged 5.5 per cent and the Nasdaq composite dropped 5.8 per cent. Wall Street went into free fall, following similar collapses in Asia and Europe. For a second straight day, markets plunged, wiping vast sums off investment and retirement portfolios alike. US Federal Reserve Chairman Jerome Powell warned the tariffs were likely to spur «higher inflation and lower growth», as per an AFP report. Losses in US financial markets were estimated at more than $6 trillion since Trump unveiled his «Liberation Day» tariffs. Trump, who unveiled his barrage of import duties against dozens of countries Wednesday, was unrepentant, posting that «my policies will never change,» AFP reported. «This is a great time to get rich,» he wrote.

Trump invoked the Alien Enemies Act, a 1798 law giving him immense powers to deport noncitizens in a time of war. His use of that law was aimed at Tren de Aragua, a Venezuelan gang that he has repeatedly and falsely claimed as part of an invasion of criminal immigrants. Over the next 24 hours, more than 130 Venezuelans were deported to an El Salvadoran prison even as a US judge ordered the planes carrying them to turn around. Here's what you need to know about the situation:

War 2 and Rajinikanth’s Coolie. The news of a potential showdown between the films came after the release date of Coolie was confirmed by the makers. Earlier, a three-way clash was reported between War 2, Coolie and Sunny Deol’s Partition drama Lahore: 1947. Now, the historical film will likely be released in June, making it a fight between Coolie and War 2.

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.

Nelson Dilipkumar. Now, Jr NTR has indirectly confirmed the news. The project will be produced by Naga Vamsi. The news comes just weeks after Nelson Dilipkumar announced that Jailer 2 was officially in production.

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.