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Subscribe to enjoy similar stories. President Trump unveiled his new “liberation day" tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks—and we hope it doesn’t—the effort amounts to an attempt to remake the U.S.

“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.

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...

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.

«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...

Subscribe to enjoy similar stories. President Trump’s pursuit of breakneck diplomacy to end the war in Ukraine is colliding with Moscow and Kyiv’s go-slow approach. Russia is putting sticks in the wheels of Trump’s cease-fire drive, playing for time as it presses its gains on the battlefield and pushes for maximum concessions in negotiations.

Sensex and Nifty50, traded higher on Wednesday, led by gains in IT and banking stocks, as investors awaited U.S. President Donald Trump's latest round of tariffs. At 9:37 am, the BSE Sensex was up 426 points, or 0.56%, at 76,451, while the Nifty50 gained 123 points, or 0.53%, to trade at 23,289.

The campaign appears to show no signs of stopping as the Trump administration again linked their airstrikes on the Iranian-backed Houthis to an effort to pressure Iran over its rapidly advancing nuclear program. While so far giving no specifics about the campaign and its targets, White House press secretary Karoline Leavitt put the overall number of strikes on Tuesday at over 200. «Iran is incredibly weakened as a result of these attacks and we have seen they have taken out Houthi leaders,» Leavitt said. «They've taken out critical members who were launching strikes on naval ships and on commercial vessels and this operation will not stop until the freedom of navigation in this region is restored.» The Houthis have not acknowledged the loss of any of its leadership so far — and the US has not identified any official by name. However, messages released by the leak of a Signal conversation between Trump administration officials and their public comments suggest a leader in the rebels' missile forces had been targeted. Fatal strike reportedly targets Hodeida

Subscribe to enjoy similar stories. Bengaluru: The Big Five of India’s IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said. Inflationary policies, retaliatory tariffs and a slower pace of rate cuts are expected to darken the mood further.

Donald Trump has reiterated that Wednesday will be «Liberation Day» — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump's next round of import taxes are still sketchy. Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes. But an undeterred Trump is inviting CEOs to the White House to say they are investing hundreds of billions of dollars in new projects to avoid the import taxes. It is also possible that the tariffs are short-lived if Trump feels he can cut a deal after imposing them. What exactly does Trump plan to do? He wants to announce import taxes, including 'reciprocal' tariffs that would match the rates charged by other countries and account for other subsidies. Trump has talked about taxing the European Union, South Korea, Brazil and India, among other countries.

Subscribe to enjoy similar stories. When Donald Trump announced his bid for reelection in November 2022, the 45th President of the US relied on promises of sweeping reforms to win the American people over. Among these promised reforms was the idea of increasing tariffs.

Mallikarjun Kharge on Tuesday asked the government to immediately start the decadal census as well as caste census, saying a large number of people are being left out of welfare schemes due to the delay. Expressing concern over the delay in conducting the decadal census during the Zero Hour in the House, the senior Congress leader said India has been conducting a census every 10 years since 1881. It was conducted even during wars, emergencies, or other crises. He recalled that back in 1931, a caste census was conducted along with the regular census. Right before the 1931 census, Mahatma Gandhi had said that just like 'we need periodic medical checkups to assess our health, a census is the most important checkup for a nation', Kharge stated. He said the census is a crucial exercise and involves a large number of people who collect data not just on population but also on employment, family structures, socio-economic conditions, and several other key aspects.

Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and Mediterranean, said people familiar with the matter. The trading cycle for barrels delivered next month is typically concluded in early March. On Sunday, Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine. The comments drove benchmark futures higher, with West Texas Intermediate surging 3.1% on Monday, the biggest gain in almost 11 weeks.

Gold June futures contracts at MCX rose by Rs 677 to their new all-time high of Rs 90,797 on Tuesday, April 1, amid uncertainties surrounding the trade war. Meanwhile, silver May futures contracts have been volatile, but firmly above the Rs 1 lakh/kg mark. The same opened higher today at Rs 1,00,791/kg, gaining of Rs 726 or 0.73%.

«People are asking me to run,» Trump told reporters in the Oval Office when asked about the possibility of a third term. «I don't know. I never looked into it. They do say there's a way you can do it, but I don't know about that, but I have not looked into it,» Trump said. Trump was asked about the prospect of a race pitting him against former president Barack Obama, who served two terms. «That would be a good one, I'd like that,» Trump said.

Subscribe to enjoy similar stories. Mumbai: Indian markets could open up to 1% lower on Tuesday after the Eid holiday, suggests weekly options data, as bears are likely to return ahead of US President Donald Trump’s 2 April deadline for reciprocal tariffs. Trump's comments on the weekend dragged South Korea's Kospi and Japan's Nikkei down by 3-4% on Monday, while Germany's Dax and France's CAC traded 1% lower at the time of writing.

Swedish Defence Minister Pal Jonson told reporters that Sweden wanted «to send the message now that we are both intensifying our support and increasing its strength and scope.» «There are strong reasons to do so in light of the seriousness of the situation in Ukraine,» Jonson added. The majority of the aid package, nine billion kronor, would go towards the acquisition of newly produced materials, «mainly from the Swedish, but also the European defence industrial base.» The materials would be selected judged by «Ukrainian needs,» the government said.

Russia and the United States have started talks on joint rare earth metals and other projects in Russia, and some companies have already expressed an interest in them, President Vladimir Putin's investment envoy said in remarks published on Monday. Amid efforts by U.S. President Donald Trump to end the war in Ukraine, minerals cooperation has been floated by both Kyiv and Moscow, though Trump said on Sunday that Ukrainian President Volodymyr Zelenskiy wants to back out of a proposed deal. Putin in February suggested that the United States might be interested in exploring joint exploration for rare earth metals deposits in Russia, which has the world's fifth-largest reserves of the metals used in lasers and military equipment. Kirill Dmitriev, Kremlin special envoy on international economic and investment cooperation, told the Izvestia newspaper in remarks published on Monday that talks had already begun. «Rare earth metals are an important area for cooperation, and, of course, we have begun discussions on various rare earth metals and (other) projects in Russia,» said Kirill Dmitriev, who is also the CEO of the Russian Direct Investment Fund.

Maharashtra Navnirman Sena (MNS) chief Raj Thackeray while addressing a public rally on the occasion of Gudi Padwa lashed out at the government over the efforts to stir controversy over the tomb of Aurangzeb and further stated that it had nothing to do with Chhatrapati Shivaji Maharaj. He appealed to the youth to stop believing in history texts sent on WhatsApp and further said that they were being diverted from the original history. The MNS Chief took a jibe at the state government and said that the situation of rivers in Maharashtra was dangerous, further stating that four out of five rivers in the state had died due to sewage, pollution and slums. Speaking on the country's increasing population, he said that forests were being cut down recklessly and urged for all illegal encroachments to be demolished. Taking a jibe at the government over the Ladli Behen Yojana, he said that the government was burdened financially and was incapable of affording the scheme. The MNS chief also questioned why the loan waivers had not been given to the farmers and said that an economic insecurity had set in the state.