US President Donald Trump's tariff policy has taken global indices for a toss as threats of global recession loom amid tariff war. Trump has refused to barge; he has vowed to further intensify the global tariff war. Two biggest economies of the world are at loggerheads on tariffs. Trump has issued a deadline for China to retract its 34% tariff on US imports by April 8th.

Trump sets a deadline for China to retract 34% tariffs

Mexican President Claudia Sheinbaum on Monday (Apr 7) said that her country would &ldquo;not rule out&rdquo; imposing reciprocal tariffs on US goods. The top US trading partner is hit by sweeping tariffs imposed by Donald Trump on its automobiles, steel and aluminum.
&ldquo;We want to avoid imposing reciprocal tariffs in so far as possible,&rdquo; she said in response to the global trade war unleashed by Trump last week.
Also read | <a href="https://www.wionews.com/world/did-donald-trump-spare-canada-and-mexico-from-the-latest-round-of-tariffs-white-house-reveals-truth-8920512">Did Donald Trump really spare Canada and Mexico from latest round of tariffs? White House reveals truth</a>
&ldquo;We do not rule it out, but we prefer to continue dialogue before taking any other measures.&rdquo;
<h2>Mexico hit with Trump tariffs</h2>
Mexico has enjoyed free trade with the United States and Canada for decades. However, now it has become one of the most vulnerable countries to Trump&rsquo;s tariff attack.&nbsp;
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About 80 per cent of Mexican exports are sent across the border to the US.
Sheinbaum's remarks came despite Trump excluding Mexico from the list of nations hit with recent generalised tariffs of 10 per cent, which came into effect on Saturday (Apr 5).
Also read | <a href="https://www.wionews.com/world/donald-trump-threatens-china-with-50-tariffs-if-beijing-doesnt-drop-retaliatory-tariffs-by-april-8-8936490">'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down</a>
However, the country is still facing the 25 per cent tariffs on its automotive sector and exports of steel and aluminium to the US.
The left-wing leader noted that she had so far avoided going tit-for-tat against Trump&rsquo;s tariffs as they could lead to an increase in the prices of US goods and hurt Mexican consumers.
Also read | <a href="https://www.wionews.com/world/israeli-pm-netanyahu-arrives-in-washington-to-discuss-tariffs-gaza-and-iran-with-us-president-trump-8935993">Israeli PM Netanyahu arrives in Washington to discuss tariffs, Gaza and Iran with US President Trump</a>
&ldquo;Of course, we want to protect Mexican industry, Mexican companies, but we are seeing if we can reach a prior agreement&rdquo; with the United States, she said.
(With inputs from agencies)

World | “We do not rule it out, but we prefer to continue dialogue before taking any other measures,” she said in response to the global trade war unleashed by Trump.

Mexican President Claudia Sheinbaum on Monday (Apr 7) said that her country would “not rule out” imposing reciprocal tariffs on US goods. The top US trading partner is hit by sweeping tariffs imposed by Donald Trump on its automobiles, steel and aluminum. “We want to avoid imposing reciprocal tariffs in so far as possible,” she said in response to the global trade war unleashed by Trump last week. Also read | Did Donald Trump really spare Canada and Mexico from latest round of tariffs? White House reveals truth “We do not rule it out, but we prefer to continue dialogue before taking any other measures.” Mexico hit with Trump tariffs Mexico has enjoyed free trade with the United States and Canada for decades. However, now it has become one of the most vulnerable countries to Trump’s tariff attack. Also read | Trump's freeze on foreign aid finds an unexpected victim - Gulf of Mexico sea turtle About 80 per cent of Mexican exports are sent across the border to the US. Sheinbaum's remarks came despite Trump excluding Mexico from the list of nations hit with recent generalised tariffs of 10 per cent, which came into effect on Saturday (Apr 5). Also read | 'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down However, the country is still facing the 25 per cent tariffs on its automotive sector and exports of steel and aluminium to the US. The left-wing leader noted that she had so far avoided going tit-for-tat against Trump’s tariffs as they could lead to an increase in the prices of US goods and hurt Mexican consumers. Also read | Israeli PM Netanyahu arrives in Washington to discuss tariffs, Gaza and Iran with US President Trump “Of course, we want to protect Mexican industry, Mexican companies, but we are seeing if we can reach a prior agreement” with the United States, she said. (With inputs from agencies)

Mexico ‘does not rule out’ reciprocal tariffs on US goods, says President Claudia Sheinbaum

US President <a href="https://www.wionews.com/donald-trump" rel="dofollow noopener" target="_blank">Donald Trump</a> has warned he will introduce a new 50% tariff on Chinese imports if China doesn&rsquo;t back down from its latest trade move. The deadline he&rsquo;s set is Tuesday, 8 April. 
Trump's latest tariff will take up the total levies on China to 104 per cent. On April 02, Trump announced 34 per cent tariffs on Chinese goods as part of levies imposed on most US trade partners, bringing the total duties on China this year to 54%.
Also read: <a href="https://www.wionews.com/world/donald-trump-weighing-90-day-tariff-pause-for-all-but-china-white-house-calls-it-false-8936416" rel="dofollow noopener" target="_blank">&lsquo;Led by a clownshow&rsquo;: Report claims Trump weighing 90-day tariff pause for all but China; White House calls it &lsquo;false&rsquo;</a>
Trump took to his social media platform, Truth Social, saying, &ldquo;Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set.&rdquo;<iframe width="600" height="" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114297331052690348/embed" class="truthsocial-embed" allowfullscreen="allowfullscreen"></iframe>
<script src="https://truthsocial.com/embed.js" async="async"></script>

&ldquo;If China does not withdraw its 34% increase... by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,&rdquo; he added.
He also warned that all ongoing talks with China would be cancelled, and the US would begin negotiations with other countries instead.
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<h2>Trump keeps pressure on Beijing</h2>
Earlier on Monday, Trump called China &ldquo;the biggest abuser of them all&rdquo;, accusing it of taking advantage of the US for years. He criticised Beijing for raising tariffs while ignoring his earlier warnings.
In another Truth Social post, he wrote: &ldquo;China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long-term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.&rdquo;
Also read: <a href="https://www.wionews.com/world/donald-trump-calls-china-biggest-abuser-as-markets-crash-tariffs-beijing-8935566">&lsquo;Didn&rsquo;t heed my warning&rsquo;: Trump calls China &lsquo;biggest abuser&rsquo; as markets crash; Beijing slams US &lsquo;bullying&rsquo;</a>
(With inputs from agencies)

World: On April 02, Trump announced 34 per cent tariffs on Chinese goods as part of levies imposed on most US trade partners, bringing the total duties on China this year to 54%.

US President Donald Trump has warned he will introduce a new 50% tariff on Chinese imports if China doesn’t back down from its latest trade move. The deadline he’s set is Tuesday, 8 April. Trump's latest tariff will take up the total levies on China to 104 per cent. On April 02, Trump announced 34 per cent tariffs on Chinese goods as part of levies imposed on most US trade partners, bringing the total duties on China this year to 54%. Also read: ‘Led by a clownshow’: Report claims Trump weighing 90-day tariff pause for all but China; White House calls it ‘false’ Trump took to his social media platform, Truth Social, saying, “Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set.” “If China does not withdraw its 34% increase... by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he added. He also warned that all ongoing talks with China would be cancelled, and the US would begin negotiations with other countries instead. Also read: Sensex, Nifty bleed while Pakistan suspends trading amid Trump’s trade war Trump keeps pressure on Beijing Earlier on Monday, Trump called China “the biggest abuser of them all”, accusing it of taking advantage of the US for years. He criticised Beijing for raising tariffs while ignoring his earlier warnings. In another Truth Social post, he wrote: “China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long-term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.” Also read: ‘Didn’t heed my warning’: Trump calls China ‘biggest abuser’ as markets crash; Beijing slams US ‘bullying’ (With inputs from agencies)

'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down

Japanese Prime Minister Shigeru Ishiba held a telephone conversation with President Donald Trump for about 25 minutes on Monday and sought a review of the tariffs imposed by the US besides further talks to defuse the situation.&nbsp; While calling for a review of the measures, Ishiba explained that Japan has made huge investments in the US and is contributing to job creation.
Talking to reporters after the call, Ishiba said, &ldquo;I conveyed to President Trump that Japan has been the world's largest investor in the US for five consecutive years, and that I am deeply concerned that the US tariff measures will reduce the willingness of Japanese companies to invest. I also conveyed to him that we should pursue a broad range of cooperation that benefits both Japan and the US, including expanding investment, rather than unilateral tariffs.&rdquo;
&ldquo;President Trump expressed his candid understanding of the current situation the United States finds itself in in the international economy. I confirmed that I will continue to have frank and constructive discussions with President Trump,&rdquo; Ishiba added, as per an NHK report.
&ldquo;Through our discussions, Japan will strongly urge the United States to review its measures. I believe that we will overcome this situation, which can be described as a national crisis, and that a new Japan will emerge. Tomorrow morning, we will hold a comprehensive task force on the US tariff measures, with the participation of all Cabinet members, to discuss future responses.&rdquo;&nbsp;
&ldquo;We have agreed to appoint the relevant cabinet members for negotiations, so I am naturally considering visiting the United States at the most appropriate time while watching the progress of the discussions and meeting directly with President Trump,&rdquo; he added.
The Trump administration imposed an additional 25% tariff on cars imported from Japan, will impose another 24% as a &lsquo;reciprocal tariff&rsquo;.
After the call, Trump said in a post on Truth Social, &ldquo;Countries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate!&rdquo;
&nbsp;
<img src="https://img-cdn.thepublive.com/fit-in/505x0/filters:format(webp)/wion/media/post_attachments/22fb1607-baa.jpg" alt="My alt text" style="width: 505px;"> Also Read | <a href="https://www.wionews.com/world/donald-trump-calls-china-biggest-abuser-as-markets-crash-tariffs-beijing-8935566" rel="dofollow">&lsquo;Didn&rsquo;t heed my warning&rsquo;: Trump calls China &lsquo;biggest abuser&rsquo; as markets crash; Beijing slams US &lsquo;bullying&rsquo;</a>
Earlier, PM Ishiba played cautious on Monday and desisted from announcing a retaliatory tariff in reaction to President Donald Trump&rsquo;s imposition of reciprocal levies. Ishiba also expressed readiness to meet with the US president soon if necessary to demand a rethink, reports Japan-based Kyodo News.
<h2>&lsquo;Ready to meet Trump on tariffs, no tit-for-tat&rsquo;: Ishiba</h2>
Ishiba said Trump&rsquo;s decision to slap tariffs on imports from Japan was &ldquo;extremely disappointing and regrettable&rdquo; and that Japan will continue to explain that it had done nothing unfair to the US. He said summit-level talks will be ultimately needed to resolve the issue, said a Reuters report. &ldquo;We are considering all options to determine what would be the most effective way&rdquo; to address the tariff issue, Ishiba told a session of a House of Councillors committee. &ldquo;We won't engage in tit-for-tat.&rdquo;
Also read:&nbsp;<a href="https://www.wionews.com/world/china-on-tariffs-us-seeking-hegemony-in-the-name-of-reciprocity-in-trade-war-8934616" rel="dofollow noopener" target="_blank">China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war'</a> Ishiba said that if he gets a chance to visit the US, he would present a &lsquo;package&rsquo; to the Trump administration and emphasise Japan&rsquo;s contribution to creating jobs in the US through investment and not just seek exemption from reciprocal tariffs. He also said he wants to clarify that Japan is &ldquo;not doing anything unfair&rdquo; in response to Trump's argument that the US has been &ldquo;ripped off&rdquo; by its trading partners. Trump's reciprocal tariffs have triggered a global stock sell-off. Ishiba vowed utmost efforts to ensure the U.S. tariffs do not affect financing and jobs, especially for Japan's smaller businesses. Since returning to the White House in January, Trump has introduced various duties, including an additional 25 per cent tariff on cars produced outside the US and 25 per cent levies on all steel and aluminum imports.
Also Read | <a href="https://www.wionews.com/world/bangladeshs-yunus-pleads-with-trump-to-pause-tariffs-for-3-months-what-is-india-doing-8935878">&lsquo;We support your agenda&rsquo;: Bangladesh&rsquo;s Yunus pleads with Trump to pause tariffs for 3 months. What is India doing?</a>
&ldquo;As such, the government must take all available means&rdquo; to cushion the economic blow from US tariffs, such as offering funding support for domestic firms and taking measures to protect jobs, Ishiba told parliament.
Trump&rsquo;s decision to slap a 25% levy on auto imports and a reciprocal 24% tariff on other Japanese goods is likely to deal a big blow to the export-heavy economy of Japan. Fears of a global recession have led to steep declines in stock prices worldwide, and Japan&rsquo;s Nikkei share average tumbled nearly 9% early on Monday.

World: While calling for a review of the measures, Ishiba explained that Japan has made huge investments in the US and is contributing to job creation.

Japanese Prime Minister Shigeru Ishiba held a telephone conversation with President Donald Trump for about 25 minutes on Monday and sought a review of the tariffs imposed by the US besides further talks to defuse the situation. While calling for a review of the measures, Ishiba explained that Japan has made huge investments in the US and is contributing to job creation. Talking to reporters after the call, Ishiba said, “I conveyed to President Trump that Japan has been the world's largest investor in the US for five consecutive years, and that I am deeply concerned that the US tariff measures will reduce the willingness of Japanese companies to invest. I also conveyed to him that we should pursue a broad range of cooperation that benefits both Japan and the US, including expanding investment, rather than unilateral tariffs.” “President Trump expressed his candid understanding of the current situation the United States finds itself in in the international economy. I confirmed that I will continue to have frank and constructive discussions with President Trump,” Ishiba added, as per an NHK report. “Through our discussions, Japan will strongly urge the United States to review its measures. I believe that we will overcome this situation, which can be described as a national crisis, and that a new Japan will emerge. Tomorrow morning, we will hold a comprehensive task force on the US tariff measures, with the participation of all Cabinet members, to discuss future responses.” “We have agreed to appoint the relevant cabinet members for negotiations, so I am naturally considering visiting the United States at the most appropriate time while watching the progress of the discussions and meeting directly with President Trump,” he added. The Trump administration imposed an additional 25% tariff on cars imported from Japan, will impose another 24% as a ‘reciprocal tariff’. After the call, Trump said in a post on Truth Social, “Countries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate!” Also Read | ‘Didn’t heed my warning’: Trump calls China ‘biggest abuser’ as markets crash; Beijing slams US ‘bullying’ Earlier, PM Ishiba played cautious on Monday and desisted from announcing a retaliatory tariff in reaction to President Donald Trump’s imposition of reciprocal levies. Ishiba also expressed readiness to meet with the US president soon if necessary to demand a rethink, reports Japan-based Kyodo News. ‘Ready to meet Trump on tariffs, no tit-for-tat’: Ishiba Ishiba said Trump’s decision to slap tariffs on imports from Japan was “extremely disappointing and regrettable” and that Japan will continue to explain that it had done nothing unfair to the US. He said summit-level talks will be ultimately needed to resolve the issue, said a Reuters report. “We are considering all options to determine what would be the most effective way” to address the tariff issue, Ishiba told a session of a House of Councillors committee. “We won't engage in tit-for-tat.” Also read: China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war' Ishiba said that if he gets a chance to visit the US, he would present a ‘package’ to the Trump administration and emphasise Japan’s contribution to creating jobs in the US through investment and not just seek exemption from reciprocal tariffs. He also said he wants to clarify that Japan is “not doing anything unfair” in response to Trump's argument that the US has been “ripped off” by its trading partners. Trump's reciprocal tariffs have triggered a global stock sell-off. Ishiba vowed utmost efforts to ensure the U.S. tariffs do not affect financing and jobs, especially for Japan's smaller businesses. Since returning to the White House in January, Trump has introduced various duties, including an additional 25 per cent tariff on cars produced outside the US and 25 per cent levies on all steel and aluminum imports. Also Read | ‘We support your agenda’: Bangladesh’s Yunus pleads with Trump to pause tariffs for 3 months. What is India doing? “As such, the government must take all available means” to cushion the economic blow from US tariffs, such as offering funding support for domestic firms and taking measures to protect jobs, Ishiba told parliament. Trump’s decision to slap a 25% levy on auto imports and a reciprocal 24% tariff on other Japanese goods is likely to deal a big blow to the export-heavy economy of Japan. Fears of a global recession have led to steep declines in stock prices worldwide, and Japan’s Nikkei share average tumbled nearly 9% early on Monday.

Japan PM Shigeru Ishiba calls Trump, asks for review of tariffs, more talks

White House trade adviser Peter Navarro has pushed back against <a href="https://www.wionews.com/elon-musk" rel="dofollow noopener" target="_blank">Elon Musk&rsquo;s</a> recent comments on US tariffs, suggesting the Tesla CEO is acting out of self-interest as the billionaire&rsquo;s fortune takes a major hit.
<h2>Musk&rsquo;s fortune dented by market crash</h2>
Musk, who heads both Tesla and SpaceX, reportedly lost around $11 billion following President Donald Trump&rsquo;s new tariff announcements last week. That brings his total losses in 2025 alone to more than $110 billion, according to Bloomberg data tracking the world&rsquo;s wealthiest individuals.
Also read: <a href="https://www.wionews.com/world/elon-musk-wants-zero-tariff-situation-between-us-eu-after-tesla-loses-billions-amid-trumps-tariff-war-8932266" rel="dofollow noopener" target="_blank">'Free trade zone': Elon Musk wants 'zero tariff situation' between US, EU after Tesla loses BILLIONS amid Trump's tariff war</a>
Despite being a political ally and a major backer of Trump, Musk&rsquo;s business has not escaped the fallout. Tesla, which manufactures cars in Texas, relies heavily on international supply chains.
&ldquo;Teslas are made in Texas, but a lot of their content comes from China, Mexico, Japan and Taiwan,&rdquo; Navarro said. &ldquo;So, he&rsquo;s particularly exposed. Elon sells cars. He&rsquo;s simply protecting his own interests,&rdquo; he added.
<h2>Musk calls for zero-tariff deal with Europe</h2>
Musk on Saturday appeared by video at an event hosted by Italy&rsquo;s right-wing coalition partner Matteo Salvini. There, he said that he hoped that the Trump administration would ease the 20 percent tariff levied on European goods.
&ldquo;Ultimately, I hope there can be agreement that both Europe and the United States should move, ideally in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America,&rdquo; Musk said.
Also read: <a href="https://www.wionews.com/world/meet-timur-turlov-billionaire-who-sells-stocks-to-retail-investors-and-idolises-donald-trump-elon-musk-8934693" rel="dofollow noopener" target="_blank">Meet THIS Billionaire who sells stocks to retail investors and idolises Donald Trump, Elon Musk, his net worth is...</a>
He also said, &ldquo;If people wish to work in Europe or in North America, they should be allowed to do so in my view. This has certainly been my advice to the president.&rdquo;
<h2>Musk jabs at Navarro&rsquo;s credentials</h2>
Earlier, responding to a post praising Navarro, Musk took a swipe at the adviser&rsquo;s academic background, saying, &ldquo;A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/brains &gt;&gt;1 problem.&rdquo;
Navarro didn&rsquo;t directly address the comment.
&ldquo;Elon when he&rsquo;s in his DOGE lane is great,&rdquo; Navarro said, &ldquo;but we understand what&rsquo;s going on here,&rdquo; he added.
Also read: <a href="https://www.wionews.com/world/trump-channelling-elon-musk-france-accuses-us-president-of-interference-after-he-labels-le-pen-ruling-witch-hunt-8932939" rel="dofollow noopener" target="_blank">Trump channelling Elon Musk? France accuses US President of &lsquo;interference&rsquo; after he labels Le Pen ruling &lsquo;witch hunt&rsquo;</a>
<h2>Trump&rsquo;s tariffs rock global markets</h2>
President Trump&rsquo;s tariff policy, which he dubbed &ldquo;the largest slate of US tariffs in a century,&rdquo; has thrown global markets into chaos. Announced during his &ldquo;Liberation Day&rdquo; speech last Wednesday, the plan imposes a 10 percent baseline tariff on nearly all imports.
<h2>What is Elon Musk's stance on tariffs?</h2>
In past comments, Musk has warned that sudden tariff changes can cause massive disruption. Speaking to Joe Rogan last year, he said: &ldquo;I think you need to be careful with tariffs&hellip; sudden changes mess everything up.&rdquo;
Posting on X recently, Musk said, &ldquo;To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial.&rdquo;
In another post, he added, &ldquo;Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant.&rdquo;
(With inputs from agencies)

World: “Teslas are made in Texas, but a lot of their content comes from China, Mexico, Japan and Taiwan,” Navarro said. “So, he’s particularly exposed. Elon sells cars. He’s simply protecting his own interests,” he added.

White House trade adviser Peter Navarro has pushed back against Elon Musk’s recent comments on US tariffs, suggesting the Tesla CEO is acting out of self-interest as the billionaire’s fortune takes a major hit. Musk’s fortune dented by market crash Musk, who heads both Tesla and SpaceX, reportedly lost around $11 billion following President Donald Trump’s new tariff announcements last week. That brings his total losses in 2025 alone to more than $110 billion, according to Bloomberg data tracking the world’s wealthiest individuals. Also read: 'Free trade zone': Elon Musk wants 'zero tariff situation' between US, EU after Tesla loses BILLIONS amid Trump's tariff war Despite being a political ally and a major backer of Trump, Musk’s business has not escaped the fallout. Tesla, which manufactures cars in Texas, relies heavily on international supply chains. “Teslas are made in Texas, but a lot of their content comes from China, Mexico, Japan and Taiwan,” Navarro said. “So, he’s particularly exposed. Elon sells cars. He’s simply protecting his own interests,” he added. Musk calls for zero-tariff deal with Europe Musk on Saturday appeared by video at an event hosted by Italy’s right-wing coalition partner Matteo Salvini. There, he said that he hoped that the Trump administration would ease the 20 percent tariff levied on European goods. “Ultimately, I hope there can be agreement that both Europe and the United States should move, ideally in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and North America,” Musk said. Also read: Meet THIS Billionaire who sells stocks to retail investors and idolises Donald Trump, Elon Musk, his net worth is... He also said, “If people wish to work in Europe or in North America, they should be allowed to do so in my view. This has certainly been my advice to the president.” Musk jabs at Navarro’s credentials Earlier, responding to a post praising Navarro, Musk took a swipe at the adviser’s academic background, saying, “A PhD in Econ from Harvard is a bad thing, not a good thing. Results in the ego/brains >>1 problem.” Navarro didn’t directly address the comment. “Elon when he’s in his DOGE lane is great,” Navarro said, “but we understand what’s going on here,” he added. Also read: Trump channelling Elon Musk? France accuses US President of ‘interference’ after he labels Le Pen ruling ‘witch hunt’ Trump’s tariffs rock global markets President Trump’s tariff policy, which he dubbed “the largest slate of US tariffs in a century,” has thrown global markets into chaos. Announced during his “Liberation Day” speech last Wednesday, the plan imposes a 10 percent baseline tariff on nearly all imports. What is Elon Musk's stance on tariffs? In past comments, Musk has warned that sudden tariff changes can cause massive disruption. Speaking to Joe Rogan last year, he said: “I think you need to be careful with tariffs… sudden changes mess everything up.” Posting on X recently, Musk said, “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial.” In another post, he added, “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant.” (With inputs from agencies)

'Elon sells cars. He’s protecting his interests': Trump aide Peter Navarro responds to Musk's tariffs criticism

Days after US President Donald Trump imposed reciprocal tariffs on all countries including Pakistan, Pakistani Finance Minister Muhammad Aurangzeb held a press conference and said that a "good crisis" should not be "wasted". He also informed that Pakistani Prime Minister Shehbaz Sharif has set up two committees to tackle the economic implications of the new tariffs.&nbsp;
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"You should never let a good crisis go to waste," Aurangzeb said and explained that while the situation created immediate challenges, it also would open doors for negotiation and long-term engagement. "We want to make sure that we, in terms of our representations, put forward how we see it in the medium to long term as a win-win situation for both Pakistan and the US," Aurangzeb said.
As per a report by&nbsp;PTI, a senior delegation from Islamabad is expected to visit Washington before April 9, to present what officials describe as a &ldquo;structured, mutually beneficial&rdquo; proposal to the Trump administration.
Read More |&nbsp;<a href="https://www.wionews.com/world/birmingham-is-filled-with-litter-whats-bin-strike-why-its-happening-8928367" rel="dofollow noopener" target="_blank">Birmingham is filled with trash: what is 'bin strike', why is it happening</a>
Aurangzeb in the press conference added that the government intended to formulate and present a well-structured package to the US administration. He also said that the two bodies set up by the Pakistani PM include a steering committee chaired by the finance minister and comprising ministers, prominent business leaders, secretaries, and academics, while the second was a working group led by the secretary of commerce. He was confident that recommendations would soon be submitted to the PM Shehbaz Sharif for approval.&nbsp;
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<h2>Trump's tariff on Pakistan</h2>
The Trump administration has imposed a staggering 29 per cent tariff on imports from Pakistan.&nbsp; According to the State Bank of Pakistan, total exports to the US during the fiscal year 2023-24 amounted to USD 5.44 billion. As per a report in Pakistani newspaper&nbsp;Dawn, in the first seven months of FY 2024-25, Pakistan exported $3.6 billion worth of goods to the US &mdash; accounting for 19% of its total exports &mdash; with textiles and apparel comprising 79 per cent ($2.8 billion) of that figure.
As per reports, if Trump&rsquo;s proposed tariffs are enforced, Pakistan&rsquo;s $6 billion export market to the US could face a severe blow. It will also threaten jobs, margins, and overall competitiveness.
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(With inputs from agencies)

World | Days after US President Trump imposed reciprocal tariffs on Pakistan, Pakistani Finance Minister Muhammad Aurangzeb said that a "good crisis" should not be wasted

Days after US President Donald Trump imposed reciprocal tariffs on all countries including Pakistan, Pakistani Finance Minister Muhammad Aurangzeb held a press conference and said that a "good crisis" should not be "wasted". He also informed that Pakistani Prime Minister Shehbaz Sharif has set up two committees to tackle the economic implications of the new tariffs. Read More | Senior US official heads to Pakistan with focus on critical minerals deal "You should never let a good crisis go to waste," Aurangzeb said and explained that while the situation created immediate challenges, it also would open doors for negotiation and long-term engagement. "We want to make sure that we, in terms of our representations, put forward how we see it in the medium to long term as a win-win situation for both Pakistan and the US," Aurangzeb said. As per a report by PTI, a senior delegation from Islamabad is expected to visit Washington before April 9, to present what officials describe as a “structured, mutually beneficial” proposal to the Trump administration. Read More | Birmingham is filled with trash: what is 'bin strike', why is it happening Aurangzeb in the press conference added that the government intended to formulate and present a well-structured package to the US administration. He also said that the two bodies set up by the Pakistani PM include a steering committee chaired by the finance minister and comprising ministers, prominent business leaders, secretaries, and academics, while the second was a working group led by the secretary of commerce. He was confident that recommendations would soon be submitted to the PM Shehbaz Sharif for approval. Read More | Canadian PM Mark Carney visits temple on Ram Navami with aim to woo Hindu voters Trump's tariff on Pakistan The Trump administration has imposed a staggering 29 per cent tariff on imports from Pakistan. According to the State Bank of Pakistan, total exports to the US during the fiscal year 2023-24 amounted to USD 5.44 billion. As per a report in Pakistani newspaper Dawn, in the first seven months of FY 2024-25, Pakistan exported $3.6 billion worth of goods to the US — accounting for 19% of its total exports — with textiles and apparel comprising 79 per cent ($2.8 billion) of that figure. As per reports, if Trump’s proposed tariffs are enforced, Pakistan’s $6 billion export market to the US could face a severe blow. It will also threaten jobs, margins, and overall competitiveness. Read More | Spain scraps golden visa programme after 12 years, what's behind the move (With inputs from agencies)

Pakistan hopes to strengthen ties after Trump imposes 29 per cent tariffs: 'Never let crisis go waste'

As Trump's <a href="https://www.wionews.com/world/cant-stomach-trumps-absurd-tariff-math-trumps-treasury-secy-looking-for-exit-door-after-tariffs-ruin-his-credibility-8930074">tariff </a>war scares the whole world, Jim Cramer, American TV personality and market analyst warned that Monday (April 7) might see the worst one-day decline since 1987's "Black Monday", when markets crashed all around the world, with the US Dow Jones Industrial Average plunging 22.6%.
Cramer, while hosting his show Mad Money on CNBC on Saturday, warned that markets might face a "bloodbath" similar to 1987 when the Dow Jones suffered its biggest single-day crash.&nbsp;
The market analyst further stressed that the situation would worsen if the US president did not "reach out" to countries that haven't placed retaliatory tariffs and give them incentives for complying.&nbsp;
Also read: <a href="https://www.wionews.com/world/donald-trump-reciprocal-tariff-us-economy-8932374">'Makes no economic sense': Trump&rsquo;s tariff math is 'based on an error' and it could cost the US economy dearly - Here's how</a>
&ldquo;If the president doesn&rsquo;t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario&hellip; the one where we went down three days and then down 22% on Monday, has the most cogency,&rdquo; he said.&nbsp;
&ldquo;We will not have to wait too long to know. We will know it by Monday.&rdquo; He commented days ahead of the April 7 market movement.
After Trump's tariff announcement on April 2, imposing a 10 per cent "baseline" tariff on imports from all nations, the US market indices went into a freefall on Thursday and Friday.&nbsp;
Also read: <a href="https://www.wionews.com/world/elon-musk-wants-zero-tariff-situation-between-us-eu-after-tesla-loses-billions-amid-trumps-tariff-war-8932266">'Free trade zone': Elon Musk wants 'zero tariff situation' between US, EU after Tesla loses BILLIONS amid Trump's tariff war</a>
Moreover, the bloodbath was not only limited to US markets but was reflected all across Europe and Asia including India.&nbsp;
He also took to X, saying that he does not want a repeat of 1987.&nbsp;
"Look i don't want a repeat of '87 of course. But i traded during that period and remember each day well.. We knew to sell.. and we are proud we did. But we felt like idiots because the week BEFORE the crash was so bad and we were late to sell," he posted.&nbsp;
<blockquote class="twitter-tweet">
Look i don't want a repeat of '87 of course. But i traded during that period and remember each day well.. We knew to sell.. and we are proud we did. But we felt like idiots because the week BEFORE the crash was so bad and we were late to sell
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1908259921633648730?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
Adding to this, Cramer said that the US's "strong job data" is what is stopping the US from going into recession. "It makes it less likely a crash will necessarily lead to a recession," he said.
&ldquo;I will contain my anger, but only because I lived through &lsquo;87, and in the end, I came out okay. I was in cash for the crash. I know what this feels like,&rdquo; he added.
Also read: <a href="https://www.wionews.com/world/end-of-globalisation-uk-pm-keir-starmers-big-announcement-as-trumps-disastrous-tariffs-shake-markets-8931966">'End of globalisation'? UK PM Keir Starmer's BIG announcement as Trump's disastrous tariffs shake markets</a>
(With inputs from agencies)
&nbsp;

World: The market analyst further stressed that the situation would worsen if the US president did not "reach out" to countries that haven't placed retaliatory tariffs

As Trump's tariff war scares the whole world, Jim Cramer, American TV personality and market analyst warned that Monday (April 7) might see the worst one-day decline since 1987's "Black Monday", when markets crashed all around the world, with the US Dow Jones Industrial Average plunging 22.6%. Cramer, while hosting his show Mad Money on CNBC on Saturday, warned that markets might face a "bloodbath" similar to 1987 when the Dow Jones suffered its biggest single-day crash. The market analyst further stressed that the situation would worsen if the US president did not "reach out" to countries that haven't placed retaliatory tariffs and give them incentives for complying. Also read: 'Makes no economic sense': Trump’s tariff math is 'based on an error' and it could cost the US economy dearly - Here's how “If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario… the one where we went down three days and then down 22% on Monday, has the most cogency,” he said. “We will not have to wait too long to know. We will know it by Monday.” He commented days ahead of the April 7 market movement. After Trump's tariff announcement on April 2, imposing a 10 per cent "baseline" tariff on imports from all nations, the US market indices went into a freefall on Thursday and Friday. Also read: 'Free trade zone': Elon Musk wants 'zero tariff situation' between US, EU after Tesla loses BILLIONS amid Trump's tariff war Moreover, the bloodbath was not only limited to US markets but was reflected all across Europe and Asia including India. He also took to X, saying that he does not want a repeat of 1987. "Look i don't want a repeat of '87 of course. But i traded during that period and remember each day well.. We knew to sell.. and we are proud we did. But we felt like idiots because the week BEFORE the crash was so bad and we were late to sell," he posted. Look i don't want a repeat of '87 of course. But i traded during that period and remember each day well.. We knew to sell.. and we are proud we did. But we felt like idiots because the week BEFORE the crash was so bad and we were late to sell — Jim Cramer (@jimcramer) April 4, 2025 Adding to this, Cramer said that the US's "strong job data" is what is stopping the US from going into recession. "It makes it less likely a crash will necessarily lead to a recession," he said. “I will contain my anger, but only because I lived through ‘87, and in the end, I came out okay. I was in cash for the crash. I know what this feels like,” he added. Also read: 'End of globalisation'? UK PM Keir Starmer's BIG announcement as Trump's disastrous tariffs shake markets (With inputs from agencies)

'Black Monday' again? US analyst predicts BIGGEST market crash since 1987, warns Trump tariffs may cause 'bloodbath'

Elon Musk, the tech mogul and current US government official running <a href="https://www.wionews.com/world/shame-on-you-trump-americans-gather-for-hands-off-protest-against-us-president-musk-say-dont-be-doge-bag-8930270" rel="dofollow noopener" target="_blank">DOGE</a> (Department of Government Efficiency), has voiced his aspiration for a tariff-free trade zone between the United States and Europe.&nbsp;
Speaking via video link at a congress organised by Italy's right-wing League Party, Musk said he hoped that both regions would "move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America."
<h2>Diverging from Trump's protectionist policies</h2>
Musk's comments come on the heels of President Donald Trump's announcement of a 20 per cent tariff on all imports from the European Union and a 10 per cent standard tariff on almost all other countries, a move that has caused economic disruptions globally.
Also read: <a href="https://www.wionews.com/world/vietnam-first-to-fall-in-face-off-trump-tariffs-will-other-countries-follow-8926949" rel="dofollow noopener" target="_blank">Vietnam first to fall in face of Trump tariffs. Will other countries follow?</a>
Despite his role as head of the Department of Government Efficiency (DOGE) and his close advisory relationship with Trump, Musk's call for eliminating tariffs marks a notable deviation from the administration's current protectionist stance.
<h2>Tesla's challenges</h2>
Tesla has had a rough start to the year. The company recently reported a sharp drop in vehicle deliveries for the first quarter, with sales falling significantly in multiple European markets. The company&rsquo;s share price has nearly halved since December.
Musk himself has taken a major financial hit, losing billions following Trump&rsquo;s tariff decisions. The latest trade policies could worsen Tesla's already strained supply chain and further affect its global performance.
Also read: <a href="https://www.wionews.com/world/china-ai-donald-trump-us-treasury-secretary-scott-bessent-deepseek-us-stock-market-reciprocal-tariffs-8930105" rel="dofollow noopener" target="_blank">&lsquo;Blame China&rsquo;s AI, not Trump&rsquo;: US Treasury Secretary claims DeepSeek responsible for tanking stock market,&nbsp;not&nbsp;tariffs</a>
<h2>Musk wants freer movement and fewer rules</h2>
During the interview, Musk also called for greater freedom of movement between Europe and North America and criticised the level of regulation in Europe.
&ldquo;There are too many rules and regulations that make it very difficult to create a company and do too much to protect large companies at the expense of small to medium-sized companies,&rdquo; Musk said. He added that Brussels is &ldquo;amplifying&rdquo; the issue, arguing that &ldquo;radical deregulation is necessary.&rdquo;
Also read: <a href="https://www.wionews.com/world/cant-stomach-trumps-absurd-tariff-math-trumps-treasury-secy-looking-for-exit-door-after-tariffs-ruin-his-credibility-8930074" rel="dofollow noopener" target="_blank">'Can&rsquo;t stomach Trump&rsquo;s absurd tariff math': US treasury secretary 'looking for exit door' after tariffs ruin his credibility</a>
(With inputs from agencies)

World: Musk's comments come on the heels of President Donald Trump's announcement of a 20 per cent tariff on all imports from the European Union and a 10 per cent standard tariff on almost all other countries.

Elon Musk, the tech mogul and current US government official running DOGE (Department of Government Efficiency), has voiced his aspiration for a tariff-free trade zone between the United States and Europe. Speaking via video link at a congress organised by Italy's right-wing League Party, Musk said he hoped that both regions would "move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America." Diverging from Trump's protectionist policies Musk's comments come on the heels of President Donald Trump's announcement of a 20 per cent tariff on all imports from the European Union and a 10 per cent standard tariff on almost all other countries, a move that has caused economic disruptions globally. Also read: Vietnam first to fall in face of Trump tariffs. Will other countries follow? Despite his role as head of the Department of Government Efficiency (DOGE) and his close advisory relationship with Trump, Musk's call for eliminating tariffs marks a notable deviation from the administration's current protectionist stance. Tesla's challenges Tesla has had a rough start to the year. The company recently reported a sharp drop in vehicle deliveries for the first quarter, with sales falling significantly in multiple European markets. The company’s share price has nearly halved since December. Musk himself has taken a major financial hit, losing billions following Trump’s tariff decisions. The latest trade policies could worsen Tesla's already strained supply chain and further affect its global performance. Also read: ‘Blame China’s AI, not Trump’: US Treasury Secretary claims DeepSeek responsible for tanking stock market, not tariffs Musk wants freer movement and fewer rules During the interview, Musk also called for greater freedom of movement between Europe and North America and criticised the level of regulation in Europe. “There are too many rules and regulations that make it very difficult to create a company and do too much to protect large companies at the expense of small to medium-sized companies,” Musk said. He added that Brussels is “amplifying” the issue, arguing that “radical deregulation is necessary.” Also read: 'Can’t stomach Trump’s absurd tariff math': US treasury secretary 'looking for exit door' after tariffs ruin his credibility (With inputs from agencies)

'Free trade zone': Elon Musk wants 'zero tariff situation' between US, EU after Tesla loses BILLIONS amid Trump's tariff war

United Kingdom's Prime Minister Keir Starmer is set to declare an end to the era of 'globalisation' after US President Donald Trump's massive reciprocal tariffs that has triggered a global trade war, according to a report by The Times.&nbsp;
The UK PM will address the nation on Monday, where he is likely to admit that globalisation, which started after the fall of the Soviet Union in 1991, has "failed" millions of voters and acknowledge why Trump's economic nationalism is popular among his supporters.&nbsp;
The UK does not agree with Trump's 10 per cent "baseline" tariffs and other recent protectionist measures, a senior UK official told the publication.
Also read: <a href="https://www.wionews.com/world/china-ai-donald-trump-us-treasury-secretary-scott-bessent-deepseek-us-stock-market-reciprocal-tariffs-8930105">&lsquo;Blame China&rsquo;s AI, not Trump&rsquo;: US Treasury Secretary claims DeepSeek responsible for tanking stock market,&nbsp;not&nbsp;tariffs</a>
&ldquo;Trump has done something that we don&rsquo;t agree with but there&rsquo;s a reason why people are behind him on this. The world has changed, globalisation is over, and we are now in a new era,&rdquo; the official said.&nbsp;
"We've got to demonstrate that our approach, a more active Labour government, a more reformist government, can provide the answers for people in every part of this country," the official added.
Moreover, Starmer will also announce protective measures for the British economy in the upcoming week amid Trump's ongoing tariff war, Bloomberg reported.&nbsp;
Also read: <a href="https://www.wionews.com/world/united-kingdom-international-development-minister-anneliese-dodds-resignation-uk-pm-keir-starmer-foreign-aid-cut-8766313">'Following Trump's footsteps': UK minister resigns over Keir Starmer's historic foreign aid cut</a>
&ldquo;The world as we knew it has gone. We must rise to meet the moment,&rdquo; said Keir Starmer cited the news agency quoting the Telegraph.
Notably, Monday's address will be Starmer's first significant intervention since Trump imposed retaliatory tariffs on April 2.&nbsp;
During the address, he will acknowledge that the seismic global economic effects prove that the UK must "move further and faster" to boost growth with supply-side reforms.
Also read: <a href="https://www.wionews.com/world/trump-might-go-back-on-tariffs-on-vietnam-heres-why-8929795">Trump might go back on tariffs on Vietnam, here's why</a>&nbsp;
Moreover, later this week, the UK government is also planning to make pro-growth announcements, including easing regulations on electric car manufacturers and bringing forward parts of the government's industrial strategy.&nbsp;
Also, the UK will also hold an "economic and financial dialogue" with India on Wednesday to try to break a trade deal.&nbsp;
Also read: <a href="https://www.wionews.com/world/cant-stomach-trumps-absurd-tariff-math-trumps-treasury-secy-looking-for-exit-door-after-tariffs-ruin-his-credibility-8930074">'Can&rsquo;t stomach Trump&rsquo;s absurd tariff math': US treasury secretary 'looking for exit door' after tariffs ruin his credibility</a>
(With inputs from agencies)

World: The UK does not agree with Trump's 10 per cent "baseline" tariffs and other recent protectionist measures, a senior UK official told the publication.

United Kingdom's Prime Minister Keir Starmer is set to declare an end to the era of 'globalisation' after US President Donald Trump's massive reciprocal tariffs that has triggered a global trade war, according to a report by The Times. The UK PM will address the nation on Monday, where he is likely to admit that globalisation, which started after the fall of the Soviet Union in 1991, has "failed" millions of voters and acknowledge why Trump's economic nationalism is popular among his supporters. The UK does not agree with Trump's 10 per cent "baseline" tariffs and other recent protectionist measures, a senior UK official told the publication. Also read: ‘Blame China’s AI, not Trump’: US Treasury Secretary claims DeepSeek responsible for tanking stock market, not tariffs “Trump has done something that we don’t agree with but there’s a reason why people are behind him on this. The world has changed, globalisation is over, and we are now in a new era,” the official said. "We've got to demonstrate that our approach, a more active Labour government, a more reformist government, can provide the answers for people in every part of this country," the official added. Moreover, Starmer will also announce protective measures for the British economy in the upcoming week amid Trump's ongoing tariff war, Bloomberg reported. Also read: 'Following Trump's footsteps': UK minister resigns over Keir Starmer's historic foreign aid cut “The world as we knew it has gone. We must rise to meet the moment,” said Keir Starmer cited the news agency quoting the Telegraph. Notably, Monday's address will be Starmer's first significant intervention since Trump imposed retaliatory tariffs on April 2. During the address, he will acknowledge that the seismic global economic effects prove that the UK must "move further and faster" to boost growth with supply-side reforms. Also read: Trump might go back on tariffs on Vietnam, here's why Moreover, later this week, the UK government is also planning to make pro-growth announcements, including easing regulations on electric car manufacturers and bringing forward parts of the government's industrial strategy. Also, the UK will also hold an "economic and financial dialogue" with India on Wednesday to try to break a trade deal. Also read: 'Can’t stomach Trump’s absurd tariff math': US treasury secretary 'looking for exit door' after tariffs ruin his credibility (With inputs from agencies)

'End of globalisation'? UK PM Keir Starmer's BIG announcement as Trump's disastrous tariffs shake markets

JPMorgan Chase has revised its economic forecast, predicting that the U.S. economy will fall into a recession in 2025. The bank now expects a contraction in real GDP of -0.3%, a sharp downgrade from its previous forecast of 1.3% growth. Watch in for more details!

JP Morgan revises US growth down amid tariff impact

US President Donald Trump on Saturday (April 5) downplayed the effect of China's retaliatory tariffs, admitting that "China has been hit much harder than the USA."
Meanwhile, Ukrainian President Volodymyr Zelensky slammed the US for what he called a "weak" reaction to a deadly Russian missile strike on Kryvyi Rih, killing nine children and nine adults.
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<a href="https://www.wionews.com/world/donald-trump-china-tariffs-trade-war-8929697" rel="dofollow">'China has been hit much harder': Trump downplays Beijing's retaliatory tariffs but admits trade war 'won&rsquo;t be easy'</a>
<img src="https://img-cdn.thepublive.com/fit-in/1280x720/filters:format(webp)/wion/media/media_files/2025/04/04/9Ngqkgd7AY6pHP2PcwJH.png" alt=" US President Donald Trump and Chinese President Xi Jinping Photograph: (Reuters) ">
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Ukrainian President Volodymyr Zelensky on Saturday (April 05) criticised the United States for what he called a "weak" reaction to a deadly Russian missile strike on Kryvyi Rih that claimed the lives of nine children and nine adults.
<a href="https://www.wionews.com/world/china-ai-donald-trump-us-treasury-secretary-scott-bessent-deepseek-us-stock-market-reciprocal-tariffs-8930105" rel="dofollow">&lsquo;Blame China&rsquo;s AI, not Trump&rsquo;: US Treasury Secretary claims DeepSeek responsible for tanking stock market, not tariffs</a>
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Despite a steep drop in the US stock market last week, Treasury Secretary Scott Bessent says that President&nbsp;<a href="https://www.wionews.com/world/cant-stomach-trumps-absurd-tariff-math-trumps-treasury-secy-looking-for-exit-door-after-tariffs-ruin-his-credibility-8930074" rel="dofollow noopener" target="_blank">Donald Trump&rsquo;s</a>&nbsp;new tariff plans aren&rsquo;t the real reason behind the fall.
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US Treasury Secretary Scott Bessent is looking to leave the Trump administration following the US president's massive tariff rollout, which damaged his "credibility", claimed US media MSNBC host Stephanie Ruhle.&nbsp;
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Russian serial killer Alexander Pichushkin, who was in prison for killing 48 people, has now claimed to have killed 11 more people, according to Russia's prison service.&nbsp;
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The Head of Russia's sovereign wealth fund Kirill Dmitriev has become a prominent figure in the Kremlin's outreach to the US President Donald Trump administration.&nbsp;
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The presence of Pan Singh and Devika Devi, parents of the former CSK captain&nbsp;<a href="https://www.wionews.com/tags/mahendra-singh-dhoni" target="_blank" rel="noopener">MS Dhoni</a>, added a special emotional touch to the&nbsp;<a href="https://www.wionews.com/tags/chennai-super-kings" target="_blank" rel="noopener">Chennai Super Kings</a>&rsquo; IPL clash against Delhi Capitals at Chepauk on Saturday. Remarkably, this marked the first time Dhoni&rsquo;s parents had attended an IPL match in Chennai since his association with CSK began back in 2008.

World: Zelensky slammed the US for what he called a "weak" reaction to a deadly Russian missile strike on Kryvyi Rih, killing nine children and nine adults

US President Donald Trump on Saturday (April 5) downplayed the effect of China's retaliatory tariffs, admitting that "China has been hit much harder than the USA." Meanwhile, Ukrainian President Volodymyr Zelensky slammed the US for what he called a "weak" reaction to a deadly Russian missile strike on Kryvyi Rih, killing nine children and nine adults. Click on the headlines for more 'China has been hit much harder': Trump downplays Beijing's retaliatory tariffs but admits trade war 'won’t be easy' US President Donald Trump on Saturday downplayed the effect of China's retaliatory tariffs, saying that "China has been hit much harder than the USA." Taking on Truth Social on Saturday, the US President said, "China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly." 'They are afraid to say Russian': Zelensky blasts 'weak' US response after Russian strike kills 9 children in his home city Ukrainian President Volodymyr Zelensky on Saturday (April 05) criticised the United States for what he called a "weak" reaction to a deadly Russian missile strike on Kryvyi Rih that claimed the lives of nine children and nine adults. ‘Blame China’s AI, not Trump’: US Treasury Secretary claims DeepSeek responsible for tanking stock market, not tariffs Despite a steep drop in the US stock market last week, Treasury Secretary Scott Bessent says that President Donald Trump’s new tariff plans aren’t the real reason behind the fall. 'Can’t stomach Trump’s absurd tariff math': US treasury secretary 'looking for exit door' after tariffs ruin his credibility US Treasury Secretary Scott Bessent is looking to leave the Trump administration following the US president's massive tariff rollout, which damaged his "credibility", claimed US media MSNBC host Stephanie Ruhle. BIG WARNING for Canadians travelling to US: Border officers might check your electronics; experts suggest using burner phones Once again, Canada has updated its travel advisory for people travelling to the United States, warning that they should be prepared for scrutiny from border patrol officers as they might check their phones and laptops. Russia's second most prolific serial killer? Alexander Pichushkin admits to 11 more murders, claims he took 63 lives Russian serial killer Alexander Pichushkin, who was in prison for killing 48 people, has now claimed to have killed 11 more people, according to Russia's prison service. How did Russia's 'slush fund' head Kirill Dmitriev become Putin's mouthpiece to Trump? The Head of Russia's sovereign wealth fund Kirill Dmitriev has become a prominent figure in the Kremlin's outreach to the US President Donald Trump administration. Trump might go back on tariffs on Vietnam, here's why Nike's stock price soared on Friday (Apr 5), after US President Donald Trump announced a "very productive call" with Vietnam's leader, boosting investor confidence. Amitabh Bachchan, Rajpal Yadav, Zayed Khan and more pay last respects to screen legend Manoj Kumar Amitabh Bachchan, Rajpal Yadav, Zayed Khan, and others attended the funeral of Indian cinema icon Manoj Kumar in Mumbai to pay their respects. The actor passed away on Friday at the age of 87 due to chronic heart-related complications. IPL 2025: Will MS Dhoni retire after match vs DC? Fans speculate as CSK legend's parents present at Chepauk The presence of Pan Singh and Devika Devi, parents of the former CSK captain MS Dhoni, added a special emotional touch to the Chennai Super Kings’ IPL clash against Delhi Capitals at Chepauk on Saturday. Remarkably, this marked the first time Dhoni’s parents had attended an IPL match in Chennai since his association with CSK began back in 2008.

Top 10 world news: Trump admits trade war 'won’t be easy'; Zelensky blasts US over Russian strike, and more

The export of gems and jewellery from India is in jeopardy from the heavy tariffs imposed by the United States.

The hit to the sector is likely to affect the jobs of thousands of people. Watch in for more details!

Indian Diamond Industry At Risk From Tariffs

Asian stocks started Friday with deep losses as investors braced for further pain across global markets after Wall Street's $2.5 trillion rout. President Donald Trump touted Wednesday as a landmark in U.S. history, saying his tariffs would "make America wealthy again." Instead, the steepest levies in a century sparked a rapid selloff in risk assets, culminating Thursday with a 4.8 percent rout in the S&P 500.

Donald Trump says 'time to get rich' amid fear of recession

Trade wars ensue: China slaps additional 34% tariff on US goods |

Donald Trump's new tariffs have triggered a political storm in Canada, with Opposition Leader Pierre Poilievre slamming Prime Minister Mark Carney for what he calls weak leadership. As economic pressure mounts, tariffs have become a central election issue, fueling sharp criticism and fiery exchanges in Ottawa.

Trump’s tariffs spark political firestorm in Canadian elections

Days after US President Donald Trump announced <a href="https://www.wionews.com/world/trumps-tariffs-billionaires-lost-208-billion-elon-musk-mark-zuckerberg-jeff-bezos-biggest-losers-full-list-here-8926461">tariffs</a>, Vietnam surrendered on Friday (April 4) and asked the US to cut their tariffs down to ZERO, during Trump's call with General Secretary of the Communist Party of Vietnam, To Lam.&nbsp;
The US president said that Lam said that Vietnam wants to cut their tariffs to zero if they are able to make an agreement with the US.&nbsp;
Trump further thanked him on behalf of the country, saying that he looked forward to a meeting with them.&nbsp;
Also read: <a href="https://www.wionews.com/world/donald-trump-says-its-a-great-time-to-get-rich-as-3-trillion-wiped-from-markets-after-tariffs-8926904">&lsquo;My policies will never change&rsquo;: Trump says it&rsquo;s a &lsquo;great time to get rich&rsquo; as $3 trillion wiped from markets after tariffs</a>
"Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future," Trump said in a social media post.&nbsp;
<iframe width="600" height="" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114280292618523684/embed" class="truthsocial-embed" allowfullscreen="allowfullscreen"></iframe>
<script src="https://truthsocial.com/embed.js" async="async"></script>

Earlier in the day, the Vietnamese government said that it had asked the US to postpone by one to three months its reciprocal tariff rate of 46% on imports from Vietnam to allow time for negotiations.
The government further said that Vietnam will also take steps to import more American goods, including aircraft and liquefied petroleum gas, and facilitate investment by US companies in the country.&nbsp;
Also read: <a href="https://www.wionews.com/world/china-panicked-trump-slams-beijing-for-imposing-tariffs-on-us-goods-says-they-played-it-wrong-8926760">'CHINA PANICKED': Trump slams Beijing for imposing tariffs on US goods, says they 'PLAYED IT WRONG'</a>
Trump kicked off his &ldquo;Liberation Day&rdquo; on April 2, telling the crowd that &ldquo;April 2, 2025, will forever be remembered as the day American industry was reborn,&rdquo; insisting that for decades, the US had been &ldquo;looted, pillaged, raped, and plundered&rdquo; by foreign nations.
The US president announced to impose of 46% tariffs on goods, starting "immediately".&nbsp;
While Trump called these tariffs &ldquo;reciprocal,&rdquo; he admitted they&rsquo;re only about half of what other countries charge the US.
"We will charge them approximately half of what they are and have been charging us," he said.
Also read: <a href="https://www.wionews.com/world/hands-off-protests-anti-trump-demonstrations-to-be-held-across-us-tomorrow-everything-you-need-to-know-8926838">'Hands Off' protests: Anti-Trump demonstrations to be held across US tomorrow | Everything you need to know</a>
(With inputs from agencies)

World: US president Donald Trump said that Lam said that Vietnam wants to cut their tariffs to zero if they are able to make an agreement with the US.

Days after US President Donald Trump announced tariffs, Vietnam surrendered on Friday (April 4) and asked the US to cut their tariffs down to ZERO, during Trump's call with General Secretary of the Communist Party of Vietnam, To Lam. The US president said that Lam said that Vietnam wants to cut their tariffs to zero if they are able to make an agreement with the US. Trump further thanked him on behalf of the country, saying that he looked forward to a meeting with them. Also read: ‘My policies will never change’: Trump says it’s a ‘great time to get rich’ as $3 trillion wiped from markets after tariffs "Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future," Trump said in a social media post. Earlier in the day, the Vietnamese government said that it had asked the US to postpone by one to three months its reciprocal tariff rate of 46% on imports from Vietnam to allow time for negotiations. The government further said that Vietnam will also take steps to import more American goods, including aircraft and liquefied petroleum gas, and facilitate investment by US companies in the country. Also read: 'CHINA PANICKED': Trump slams Beijing for imposing tariffs on US goods, says they 'PLAYED IT WRONG' Trump kicked off his “Liberation Day” on April 2, telling the crowd that “April 2, 2025, will forever be remembered as the day American industry was reborn,” insisting that for decades, the US had been “looted, pillaged, raped, and plundered” by foreign nations. The US president announced to impose of 46% tariffs on goods, starting "immediately". While Trump called these tariffs “reciprocal,” he admitted they’re only about half of what other countries charge the US. "We will charge them approximately half of what they are and have been charging us," he said. Also read: 'Hands Off' protests: Anti-Trump demonstrations to be held across US tomorrow | Everything you need to know (With inputs from agencies)

Vietnam first to fall in face of Trump tariffs. Will other countries follow?

On April 5, hundreds of "Hands Off" protests will be held across the US, aiming at sending a message to President Donald Trump and his "billionaire buddy" Elon Musk.&nbsp;
The protests have been planned for over 1000 cities and towns across the nation, against Trump.&nbsp;
The protests are being organised by advocacy groups, including Third Act - an environmental group led by environmentalist and author Bill McKibben, Reproductive Freedom for All, and the 50501 Movement.&nbsp;
Also read: <a href="https://www.wionews.com/world/donald-trump-ousts-nsa-director-nsa-chief-tim-haugh-laura-loomer-8926023">&lsquo;Makes us less safe': Trump ousts NSA chief Tim Haugh for 'no reason' after Loomer meeting amid 'loyalty purge'</a>
<h2>What is the Hands-Off protest?&nbsp;</h2>
"Hands Off" is a "national day of action" that will bring members of Congress, community leaders and "everyday people" together to call on President Trump and his advisor Elon Musk to take their hands off the programs that the middle class and working families rely on.&nbsp;
"With Trump and congressional Republicans doubling down on their agenda to gut essential services, everyday Americans are sending a clear message: Take your hands off our healthcare, our Social Security, our civil rights, our freedom, and our education," according to a statement from national organisers.
Also read: <a href="https://www.wionews.com/world/donald-trump-ukraine-marco-rubio-putin-russia-ceasefire-8926410">'Trump not interested in delay tactic on Ukraine': Rubio warns Putin, says Russia must &lsquo;decide if it&rsquo;s serious about peace&rsquo;</a>
<h2>Why does it matter?</h2>
Hands Off! is a grassroots movement of people, who, literally as the name suggests, want the Trump administration, including Musk to take their "hands off" of social security, federal jobs, Medicaid and more.&nbsp;
The protests are planned for all 50 states and dozens of communities in Massachusetts and throughout New England.
Also read: <a href="https://www.wionews.com/world/trumps-tariffs-billionaires-lost-208-billion-elon-musk-mark-zuckerberg-jeff-bezos-biggest-losers-full-list-here-8926461">Trump tariffs after-effect: Billionaires lost combined $208 billion; Musk, Zuckerberg biggest losers. FULL LIST HERE</a>
<h2>List of cities where it is happening</h2>
<ul>
<li>Montgomery, Alabama: noon at 600 Dexter Ave</li>
<li>Juneau, Alaska: noon at 120 4th St.</li>
<li>Phoenix, Arizona: 10 a.m. at 1700 W. Washington St.</li>
<li>Little Rock, Arkansas: 11 a.m. at 500 Woodlane St.</li>
<li>Sacramento, California: 11 a.m. at 1310 10th St.</li>
<li>Denver, Colorado: noon at 200 E. Colfax Ave.</li>
<li>Hartford, Connecticut: 3 p.m. at 210 Capitol Ave.</li>
<li>Dover, Delaware: noon, details not available</li>
<li>Tallahassee, Florida: noon, 400 S. Monroe St.</li>
<li>Atlanta, Georgia: 12:30 p.m., details not available</li>
<li>Honolulu, Hawaii: noon at 415 S. Beretania St.</li>
<li>Boise, Idaho: 2 p.m. at 150 N. Capitol Blvd.</li>
<li>Springfield, Illinois: noon at 401 S. 2nd St.</li>
<li>Indianapolis, Indiana: noon at 200 W. Washington St.</li>
<li>Des Moines, Iowa: noon at 400 Locust St.</li>
<li>Topeka, Kansas: noon at 300 SW 10th Ave.</li>
<li>Frankfort, Kentucky: 11 a.m. at 700 Capital Ave.</li>
<li>Baton Rouge, Louisiana: 11 a.m. at 900 N. 3rd St.</li>
<li>Augusta, Maine: noon at 111 Sewall St.</li>
<li>Boston, Massachusetts: 11 a.m. at 139 Tremont St.</li>
<li>Lansing, Michigan: noon at 100 N. Capitol Ave.</li>
<li>Saint Paul, Minnesota: noon at 75 Rev. Dr. Martin Luther King Jr. Blvd.</li>
<li>Jefferson City, Missouri: noon at 201 W. Capitol Ave.</li>
<li>Helena, Montana: noon at 1301 E. 6th Ave.</li>
<li>Lincoln, Nebraska: 11 a.m. at 1445 K St.</li>
<li>Carson City, Nevada: noon at 401 S. Carson St.</li>
<li>Concord, New Hampshire: noon at 107 N. Main St.</li>
<li>Trenton, New Jersey: noon at 125 W. State St.</li>
<li>Santa Fe, New Mexico: noon at 490 Old Santa Fe Trail</li>
<li>Albany, New York: 11 a.m. at West Capitol Park, State 85, S. Swan St.</li>
<li>Raleigh, North Carolina: 11 a.m. at 16 W. Jones St.</li>
<li>Bismarck, North Dakota: 4 p.m. at 600 E. Boulevard Ave.</li>
<li>Columbus, Ohio: noon at 1 Capitol Square</li>
<li>Oklahoma City, Oklahoma: noon at 200 N. Walker Ave.</li>
<li>Salem, Oregon: noon at Summer Street Northeast</li>
<li>Harrisburg, Pennsylvania: noon at North 3rd Street and State Street</li>
<li>Providence, Rhode Island: noon at 324 Hope St.</li>
<li>Columbia, South Carolina: 1 p.m. at 1100 Gervais St.</li>
<li>Pierre, South Dakota: noon at 500 E. Capitol Ave.</li>
<li>Nashville, Tennessee: noon at 2500 West End Ave.</li>
<li>Austin, Texas: 2 p.m. at 1100 Congress Ave.</li>
<li>Salt Lake City, Utah: noon at 350 State St.</li>
<li>Montpelier, Vermont: noon at 115 State St.</li>
<li>Richmond, Virginia: 11:30 a.m. at 101 N. 9th St.</li>
<li>Olympia, Washington: 2 p.m. at 416 Sid Snyder Ave. SW</li>
<li>Charleston, West Virginia: noon at 1900 Kanawha Blvd. E.</li>
<li>Madison, Wisconsin: noon at 2 E. Main St.</li>
<li>Cheyenne, Wyoming: details not available</li>
</ul>
While, this week, the US president is scheduled to be in Florida, starting with a MAGA Inc. Candlelight Dinner at his Mar-a-Lago Club in Palm Beach on Friday night.&nbsp;
Also read: <a href="https://www.wionews.com/world/hes-too-hot-bill-oreilly-asks-trump-to-move-on-from-his-buddy-elon-musk-says-hes-a-short-timer-8926006">'He's too hot': Bill O'Reilly warns Trump to move on from his 'buddy' Elon Musk, says he's a 'short timer'</a>
(With inputs from agencies)

World: The "hands off" protests are being organised by advocacy groups, including Third Act, Reproductive Freedom for All, and the 50501 Movement.

On April 5, hundreds of "Hands Off" protests will be held across the US, aiming at sending a message to President Donald Trump and his "billionaire buddy" Elon Musk. The protests have been planned for over 1000 cities and towns across the nation, against Trump. The protests are being organised by advocacy groups, including Third Act - an environmental group led by environmentalist and author Bill McKibben, Reproductive Freedom for All, and the 50501 Movement. Also read: ‘Makes us less safe': Trump ousts NSA chief Tim Haugh for 'no reason' after Loomer meeting amid 'loyalty purge' What is the Hands-Off protest? "Hands Off" is a "national day of action" that will bring members of Congress, community leaders and "everyday people" together to call on President Trump and his advisor Elon Musk to take their hands off the programs that the middle class and working families rely on. "With Trump and congressional Republicans doubling down on their agenda to gut essential services, everyday Americans are sending a clear message: Take your hands off our healthcare, our Social Security, our civil rights, our freedom, and our education," according to a statement from national organisers. Also read: 'Trump not interested in delay tactic on Ukraine': Rubio warns Putin, says Russia must ‘decide if it’s serious about peace’ Why does it matter? Hands Off! is a grassroots movement of people, who, literally as the name suggests, want the Trump administration, including Musk to take their "hands off" of social security, federal jobs, Medicaid and more. The protests are planned for all 50 states and dozens of communities in Massachusetts and throughout New England. Also read: Trump tariffs after-effect: Billionaires lost combined $208 billion; Musk, Zuckerberg biggest losers. FULL LIST HERE List of cities where it is happening Montgomery, Alabama: noon at 600 Dexter Ave Juneau, Alaska: noon at 120 4th St. Phoenix, Arizona: 10 a.m. at 1700 W. Washington St. Little Rock, Arkansas: 11 a.m. at 500 Woodlane St. Sacramento, California: 11 a.m. at 1310 10th St. Denver, Colorado: noon at 200 E. Colfax Ave. Hartford, Connecticut: 3 p.m. at 210 Capitol Ave. Dover, Delaware: noon, details not available Tallahassee, Florida: noon, 400 S. Monroe St. Atlanta, Georgia: 12:30 p.m., details not available Honolulu, Hawaii: noon at 415 S. Beretania St. Boise, Idaho: 2 p.m. at 150 N. Capitol Blvd. Springfield, Illinois: noon at 401 S. 2nd St. Indianapolis, Indiana: noon at 200 W. Washington St. Des Moines, Iowa: noon at 400 Locust St. Topeka, Kansas: noon at 300 SW 10th Ave. Frankfort, Kentucky: 11 a.m. at 700 Capital Ave. Baton Rouge, Louisiana: 11 a.m. at 900 N. 3rd St. Augusta, Maine: noon at 111 Sewall St. Boston, Massachusetts: 11 a.m. at 139 Tremont St. Lansing, Michigan: noon at 100 N. Capitol Ave. Saint Paul, Minnesota: noon at 75 Rev. Dr. Martin Luther King Jr. Blvd. Jefferson City, Missouri: noon at 201 W. Capitol Ave. Helena, Montana: noon at 1301 E. 6th Ave. Lincoln, Nebraska: 11 a.m. at 1445 K St. Carson City, Nevada: noon at 401 S. Carson St. Concord, New Hampshire: noon at 107 N. Main St. Trenton, New Jersey: noon at 125 W. State St. Santa Fe, New Mexico: noon at 490 Old Santa Fe Trail Albany, New York: 11 a.m. at West Capitol Park, State 85, S. Swan St. Raleigh, North Carolina: 11 a.m. at 16 W. Jones St. Bismarck, North Dakota: 4 p.m. at 600 E. Boulevard Ave. Columbus, Ohio: noon at 1 Capitol Square Oklahoma City, Oklahoma: noon at 200 N. Walker Ave. Salem, Oregon: noon at Summer Street Northeast Harrisburg, Pennsylvania: noon at North 3rd Street and State Street Providence, Rhode Island: noon at 324 Hope St. Columbia, South Carolina: 1 p.m. at 1100 Gervais St. Pierre, South Dakota: noon at 500 E. Capitol Ave. Nashville, Tennessee: noon at 2500 West End Ave. Austin, Texas: 2 p.m. at 1100 Congress Ave. Salt Lake City, Utah: noon at 350 State St. Montpelier, Vermont: noon at 115 State St. Richmond, Virginia: 11:30 a.m. at 101 N. 9th St. Olympia, Washington: 2 p.m. at 416 Sid Snyder Ave. SW Charleston, West Virginia: noon at 1900 Kanawha Blvd. E. Madison, Wisconsin: noon at 2 E. Main St. Cheyenne, Wyoming: details not available While, this week, the US president is scheduled to be in Florida, starting with a MAGA Inc. Candlelight Dinner at his Mar-a-Lago Club in Palm Beach on Friday night. Also read: 'He's too hot': Bill O'Reilly warns Trump to move on from his 'buddy' Elon Musk, says he's a 'short timer' (With inputs from agencies)

'Hands Off' protests: Anti-Trump demonstrations to be held across US tomorrow | Everything you need to know

As countries begin to retaliate against Trump's <a href="https://www.wionews.com/world/trump-tariffs-hit-uninhabited-islands-territories-with-no-economy-check-details-8922197">tariffs</a>, China on Friday (April 4) imposed 34% tariffs on all goods imported from the US starting on April 10.
It further called it a "typical unilateral bullying practice", adding that it undermines China's legitimate rights and interests.
&ldquo;This practice of the US is not in line with international trade rules, seriously undermines China&rsquo;s legitimate rights and interests, and is a typical unilateral bullying practice,&rdquo; China&rsquo;s State Council Tariff Commission said in a statement announcing its retaliatory tariffs.
Also read: <a href="https://www.wionews.com/opinions/trump-reciprocal-tariffs-india-pm-modi-8919189">Trump&rsquo;s reciprocal tariffs hit &lsquo;tariff king&rsquo; India: Could they cost PM Modi his next term?</a>
Beijing also announced controls on exports of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, to the US from April 4 onwards.
Moreover, China&rsquo;s Ministry of Commerce said it was adding 11 American companies to its list of "unreliable entities", essentially barring them from doing business in China or with Chinese companies.&nbsp;
"The purpose of the Chinese government's implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation," China's commerce ministry said in a statement.
Also read: <a href="https://www.wionews.com/world/want-to-avoid-trumps-reciprocal-tariffs-trump-himself-has-a-simple-solution-for-world-leaders-8919111">Want to avoid Trump&rsquo;s reciprocal tariffs? Trump himself has a &lsquo;simple&rsquo; solution for world leaders</a>
The ministry also imposed stringent limits on exports of certain rare earth elements that are mined almost exclusively in China and are used in everything from electric cars to smart bombs. &nbsp;
US President Donald Trump on April 2 announced to impose of massive "reciprocal tariffs" on several nations on "Liberation Day".&nbsp;
The US president imposed 34% tariffs on China on Wednesday, while admitting they&rsquo;re only about half of what other countries charge the US.
"We will charge them approximately half of what they are and have been charging us," he said.
Also read: <a href="https://www.wionews.com/world/donald-trump-tariff-announcement-liberation-day-reciprocal-tariffs-india-china-japan-8919156">Trump&rsquo;s &lsquo;kind reciprocal&rsquo; tariffs explained: See how much India, China, Japan, and others will pay. FULL LIST</a>
(With inputs from agencies)&nbsp;

World: China announced controls on exports of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, to the US

As countries begin to retaliate against Trump's tariffs, China on Friday (April 4) imposed 34% tariffs on all goods imported from the US starting on April 10. It further called it a "typical unilateral bullying practice", adding that it undermines China's legitimate rights and interests. “This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s State Council Tariff Commission said in a statement announcing its retaliatory tariffs. Also read: Trump’s reciprocal tariffs hit ‘tariff king’ India: Could they cost PM Modi his next term? Beijing also announced controls on exports of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, to the US from April 4 onwards. Moreover, China’s Ministry of Commerce said it was adding 11 American companies to its list of "unreliable entities", essentially barring them from doing business in China or with Chinese companies. "The purpose of the Chinese government's implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation," China's commerce ministry said in a statement. Also read: Want to avoid Trump’s reciprocal tariffs? Trump himself has a ‘simple’ solution for world leaders The ministry also imposed stringent limits on exports of certain rare earth elements that are mined almost exclusively in China and are used in everything from electric cars to smart bombs. US President Donald Trump on April 2 announced to impose of massive "reciprocal tariffs" on several nations on "Liberation Day". The US president imposed 34% tariffs on China on Wednesday, while admitting they’re only about half of what other countries charge the US. "We will charge them approximately half of what they are and have been charging us," he said. Also read: Trump’s ‘kind reciprocal’ tariffs explained: See how much India, China, Japan, and others will pay. FULL LIST (With inputs from agencies)

'Typical unilateral bullying practice': China hits back at US with 34% tariffs on American goods from April 10

US President Donald Trump has unveiled a raft of punishing tariffs ranging from a minimum of 10% to as high as 49%, targeting countries around the world. The US president said he will impose a 10% universal tariff on all imported foreign goods in addition to reciprocal tariffs on a few dozen countries.

Trump tariffs: New tariffs primarily based on existing trade imbalances

The US has slapped 26% reciprocal tariffs on Indian exports, escalating trade tensions between the two nations. The White House claims India's non-tariff barriers hurt American businesses, while experts say this move pressures India to accelerate trade talks. Watch this report to know more!

Trump tariffs: US imposes 26% reciprocal tariffs on India amid trade tensions

US President Donald Trump kicked off his &ldquo;Liberation Day&rdquo; event to loud cheers, stepping onto the stage as the band played Hail to the Chief, the personal anthem of the president of the United States. With his signature 'Trumpisma (charisma but Trumpian)', he declared, &ldquo;My fellow Americans, this is Liberation Day!&rdquo;
He told the crowd that &ldquo;April 2, 2025, will forever be remembered as the day American industry was reborn,&rdquo; insisting that for decades, the US had been &ldquo;looted, pillaged, raped, and plundered&rdquo; by foreign nations. 
The whole world was waiting with their breaths held to see how much it would cost them, but it's not the worst!
Also read: <a href="https://www.wionews.com/world/want-to-avoid-trumps-reciprocal-tariffs-trump-himself-has-a-simple-solution-for-world-leaders-8919111" rel="dofollow noopener" target="_blank">Want to avoid Trump&rsquo;s reciprocal tariffs? Trump himself has a &lsquo;simple&rsquo; solution for world leaders</a>
<h2>&lsquo;Kind reciprocal&rsquo; tariffs &ndash; but not exactly even</h2>
While Trump called these tariffs &ldquo;reciprocal,&rdquo; he admitted they&rsquo;re only about half of what other countries charge the US.
"We will charge them approximately half of what they are and have been charging us," he said. 
&ldquo;I could have done that, yes, but it would have been tough for a lot of countries. We didn&rsquo;t want to do that,&rdquo; he added.
Instead of going full force, Trump said his approach is more "kind reciprocal," a softer hit that still sends a message. It's like giving other nations a taste of their own medicine, just not the full dose.
Also read: <a href="https://www.wionews.com/world/donald-trump-to-sign-executive-order-on-reciprocal-tariffs-to-usher-in-golden-age-of-america-8919067" rel="dofollow noopener" target="_blank">'US has been looted, raped': Trump to sign executive order on 'reciprocal tariffs' to usher in 'golden&nbsp;age&nbsp;of&nbsp;America'</a>
<h2>Who&rsquo;s paying what? The new tariff rates</h2>
Here&rsquo;s a breakdown of the new tariffs by country:
China &ndash; 34% 
European Union &ndash; 20% 
Japan &ndash; 24% (Say goodbye to cheap Toyotas)
South Korea &ndash; 25% (Samsung prices might go up)
Switzerland &ndash; 31% 
United Kingdom &ndash; 10%
Taiwan &ndash; 32% (What about the chips?)
Malaysia &ndash; 24%
India &ndash; 26%
Brazil &ndash; 10%
Indonesia &ndash; 32%
Vietnam &ndash; 46% (The highest tariff on the list)
Singapore &ndash; 10%
Ukraine &ndash; 10%
Venezuela &ndash; 15%
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m90gm2a2-di0z02ob-z6dby4ib">
<a href="https://t.co/v5WMU5wofc">pic.twitter.com/v5WMU5wofc</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1907531727683334384?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<h2>Trump signs two major executive orders</h2>
To wrap up the event, Trump signed two executive orders that he says will shake up global trade:
Closing the &lsquo;de minimis loophole&rsquo; &ndash; This loophole has allowed China to send cheap goods into the US without paying taxes or import duties.
Order implementing &lsquo;reciprocal tariffs&rsquo; &ndash; Trump is now slapping tariffs on imported goods, including a 25% tax on all foreign cars and tariffs between 10% and 49% on other imports.
(With inputs from agencies)

World: While Trump called these tariffs “reciprocal,” he admitted they’re only about half of what other countries charge the US.

US President Donald Trump kicked off his “Liberation Day” event to loud cheers, stepping onto the stage as the band played Hail to the Chief, the personal anthem of the president of the United States. With his signature 'Trumpisma (charisma but Trumpian)', he declared, “My fellow Americans, this is Liberation Day!” He told the crowd that “April 2, 2025, will forever be remembered as the day American industry was reborn,” insisting that for decades, the US had been “looted, pillaged, raped, and plundered” by foreign nations. The whole world was waiting with their breaths held to see how much it would cost them, but it's not the worst! Also read: Want to avoid Trump’s reciprocal tariffs? Trump himself has a ‘simple’ solution for world leaders ‘Kind reciprocal’ tariffs – but not exactly even While Trump called these tariffs “reciprocal,” he admitted they’re only about half of what other countries charge the US. "We will charge them approximately half of what they are and have been charging us," he said. “I could have done that, yes, but it would have been tough for a lot of countries. We didn’t want to do that,” he added. Instead of going full force, Trump said his approach is more "kind reciprocal," a softer hit that still sends a message. It's like giving other nations a taste of their own medicine, just not the full dose. Also read: 'US has been looted, raped': Trump to sign executive order on 'reciprocal tariffs' to usher in 'golden age of America' Who’s paying what? The new tariff rates Here’s a breakdown of the new tariffs by country: China – 34% European Union – 20% Japan – 24% (Say goodbye to cheap Toyotas) South Korea – 25% (Samsung prices might go up) Switzerland – 31% United Kingdom – 10% Taiwan – 32% (What about the chips?) Malaysia – 24% India – 26% Brazil – 10% Indonesia – 32% Vietnam – 46% (The highest tariff on the list) Singapore – 10% Ukraine – 10% Venezuela – 15% pic.twitter.com/v5WMU5wofc — Rapid Response 47 (@RapidResponse47) April 2, 2025 Trump signs two major executive orders To wrap up the event, Trump signed two executive orders that he says will shake up global trade: Closing the ‘de minimis loophole’ – This loophole has allowed China to send cheap goods into the US without paying taxes or import duties. Order implementing ‘reciprocal tariffs’ – Trump is now slapping tariffs on imported goods, including a 25% tax on all foreign cars and tariffs between 10% and 49% on other imports. (With inputs from agencies)

Trump’s ‘kind reciprocal’ tariffs explained: See how much India, China, Japan, and others will pay. FULL LIST

US President Donald Trump has announced to impose 26% 'discounted' reciprocal tariffs on India as per the US government calculation.&nbsp;
He called Indian Prime Minister Narendra Modi "a great friend", however adding that "he hasn't been treating us right."
While speaking at the White House event, the US president said he is implementing "reciprocal tariffs" on all countries of "approximately half" of what they charge the US.&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-tariffs-announcement-news-live-updates-liberation-day-india-reciprocal-tariffs-global-us-stock-market-imports-duties-8918711">Trump tariffs announcement LIVE: Trump announces 25% tariff on all foreign automakers as he begins 'liberation day' event</a>
He explained that if China charges the US a tariff of 67%, so the United States will charge China a 34% tariff.
Bringing out a chart to show the audience, he showed that the US will charge the European Union a 20% tariff, Vietnam a 46% tariff, Taiwan 32%, Japan 24%, India 26%, South Korea 25%, Thailand 36% and more.
Trump said that the tariffs has announced will generate &ldquo;$6 trillion in investments&rdquo;. He further warned the world leaders, saying that if they want an exemption to his &ldquo;reciprocal tariffs&rdquo; should change their trade policy.
Also read: <a href="https://www.wionews.com/world/donald-trump-to-sign-executive-order-on-reciprocal-tariffs-to-usher-in-golden-age-of-america-8919067">'US has been looted, raped': Trump to sign executive order on 'reciprocal tariffs' to usher in 'golden&nbsp;age&nbsp;of&nbsp;America'</a>
&ldquo;Terminate your own tariffs, drop your barriers, don&rsquo;t manipulate your currencies,&rdquo; he said, &ldquo;and start buying tens of billions of dollars of American goods.&rdquo;
Trump said that he doesn&rsquo;t place the blame on other countries for &ldquo;this calamity.&rdquo;
&ldquo;I blame former presidents and past leaders who weren&rsquo;t doing their job. They let it happen, and they let it happen to an extent that nobody can even believe. That&rsquo;s why, effective at midnight, we will impose a 25% tariff on all foreign-made automobiles,&rdquo; the president said.
He further said that today is one of the most important days&rdquo; in American history. &ldquo;It&rsquo;s our declaration of economic independence,&rdquo; Trump said.
Also read: <a href="https://www.wionews.com/world/biggest-questions-on-trumps-reciprocal-tariffs-answered-8918572">&lsquo;Liberation Day&rsquo;: Biggest questions on Trump&rsquo;s reciprocal tariffs answered</a>
The president said the United States would use the money generated from tariffs to &ldquo;reduce our taxes and pay down our national debt.&rdquo;
At the beginning of the event, the US president also said that the tariffs he is implementing today will go into effect at midnight. They will include a 25% tariff on all foreign-made automobiles.
Also read: <a href="https://www.wionews.com/world/trump-tariff-threat-tariffs-are-effective-tool-in-achieving-economic-objectives-stresses-white-house-8919030">Trump tariff threat: 'Tariffs are effective tool in achieving economic objectives', stresses White House</a>
(With inputs from agencies)

World, india news: US president said he is implementing "reciprocal tariffs" on all countries of "approximately half" of what they charge the US.

US President Donald Trump has announced to impose 26% 'discounted' reciprocal tariffs on India as per the US government calculation. He called Indian Prime Minister Narendra Modi "a great friend", however adding that "he hasn't been treating us right." While speaking at the White House event, the US president said he is implementing "reciprocal tariffs" on all countries of "approximately half" of what they charge the US. Also read: Trump tariffs announcement LIVE: Trump announces 25% tariff on all foreign automakers as he begins 'liberation day' event He explained that if China charges the US a tariff of 67%, so the United States will charge China a 34% tariff. Bringing out a chart to show the audience, he showed that the US will charge the European Union a 20% tariff, Vietnam a 46% tariff, Taiwan 32%, Japan 24%, India 26%, South Korea 25%, Thailand 36% and more. Trump said that the tariffs has announced will generate “$6 trillion in investments”. He further warned the world leaders, saying that if they want an exemption to his “reciprocal tariffs” should change their trade policy. Also read: 'US has been looted, raped': Trump to sign executive order on 'reciprocal tariffs' to usher in 'golden age of America' “Terminate your own tariffs, drop your barriers, don’t manipulate your currencies,” he said, “and start buying tens of billions of dollars of American goods.” Trump said that he doesn’t place the blame on other countries for “this calamity.” “I blame former presidents and past leaders who weren’t doing their job. They let it happen, and they let it happen to an extent that nobody can even believe. That’s why, effective at midnight, we will impose a 25% tariff on all foreign-made automobiles,” the president said. He further said that today is one of the most important days” in American history. “It’s our declaration of economic independence,” Trump said. Also read: ‘Liberation Day’: Biggest questions on Trump’s reciprocal tariffs answered The president said the United States would use the money generated from tariffs to “reduce our taxes and pay down our national debt.” At the beginning of the event, the US president also said that the tariffs he is implementing today will go into effect at midnight. They will include a 25% tariff on all foreign-made automobiles. Also read: Trump tariff threat: 'Tariffs are effective tool in achieving economic objectives', stresses White House (With inputs from agencies)

Trump announces 26% 'discounted' tariffs on India, says 'PM Modi is a friend, but he hasn't been treating us right'

US President Trump is set to roll out a fresh wave of tariffs, dubbed 'Liberation Day' measures, with immediate effect. The White House confirmed the tariffs will begin right after the announcement, sparking global reactions. Watch this report for more details!

White House: Trump tariffs to start immediately after announcement

US President Donald Trump is set to announce major reciprocal tariffs on several nations on Wednesday (Apr 2).
Union Home Minister Amit Shah slammed the opposition and said that he stands in support of the Waqf Amendment Bill amid the debate in the Lok Sabha on Wednesday (Apr 2).&nbsp;
Israel announced an expansion of military operations in the Hamas-run Gaza Strip.
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US President Donald Trump is just hours away from announcing the major reciprocal tariffs on several nations on "Liberation Day".&nbsp;
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Union Home Minister Amit Shah said that he stands in support of the Waqf Amendment Bill amid the debate in the Lok Sabha on Wednesday (Apr 2).&nbsp;
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Israel, on Wednesday (Apr 2), said that it was expanding its military operation in the Hamas-run Gaza Strip, stating that the army would seize "large areas" of the besieged Palestinian enclave.
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Russian President Vladimir Putin's investment envoy, Kirill Dmitriev, is set to visit Washington to meet with top Trump official Steve Witkoff this week. The two will hold discussions aimed to strengthen relations between the two nations as they seek to end the ongoing war in Ukraine, CNN reported, citing a US official and sources familiar with the plans.
<a href="https://www.wionews.com/world/biggest-questions-on-trumps-reciprocal-tariffs-answered-8918572">&lsquo;Liberation Day&rsquo;: Biggest questions on Trump&rsquo;s reciprocal tariffs answered</a>
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US President Donald Trump is set to announce reciprocal tariffs on a host of nations on Wednesday (Apr 2) at a White House event. Trump has deemed the day as &ldquo;Liberation Day&rdquo; to &ldquo;make America wealthy again.&rdquo;&nbsp;
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India news | Stay informed with our selection of the top global news stories, providing essential updates on world events that are influencing the current global landscape.

US President Donald Trump is set to announce major reciprocal tariffs on several nations on Wednesday (Apr 2). Union Home Minister Amit Shah slammed the opposition and said that he stands in support of the Waqf Amendment Bill amid the debate in the Lok Sabha on Wednesday (Apr 2). Israel announced an expansion of military operations in the Hamas-run Gaza Strip. Click on the headlines for more 'IT'S LIBERATION DAY IN AMERICA': How world is reacting as Trump sets tone for reciprocal tariffs' announcement US President Donald Trump is just hours away from announcing the major reciprocal tariffs on several nations on "Liberation Day". 'You would break this country': Amit Shah slams Opposition on Waqf Amendment Bill in Lok Sabha Union Home Minister Amit Shah said that he stands in support of the Waqf Amendment Bill amid the debate in the Lok Sabha on Wednesday (Apr 2). Israel announces expansion of military operation in Gaza to capture ‘large areas’ Israel, on Wednesday (Apr 2), said that it was expanding its military operation in the Hamas-run Gaza Strip, stating that the army would seize "large areas" of the besieged Palestinian enclave. 'Largest breach ever': Massive data breach at Musk's X leaks over 200 million users' email addresses, photos and more There has been a massive data breach at Elon Musk's X (formerly known as Twitter) as a hacker claimed to have publicly posted a database containing details of around 200 million X users. Who is Kirill Dmitriev? Senior Russian official to visit US this week Russian President Vladimir Putin's investment envoy, Kirill Dmitriev, is set to visit Washington to meet with top Trump official Steve Witkoff this week. The two will hold discussions aimed to strengthen relations between the two nations as they seek to end the ongoing war in Ukraine, CNN reported, citing a US official and sources familiar with the plans. ‘Liberation Day’: Biggest questions on Trump’s reciprocal tariffs answered US President Donald Trump is set to announce reciprocal tariffs on a host of nations on Wednesday (Apr 2) at a White House event. Trump has deemed the day as “Liberation Day” to “make America wealthy again.” Is Trump surrounded by 'evil forces'? White House secretary claims US administration engaged in 'spiritual battle' US President Donald Trump's Press Secretary Karoline Leavitt stressed that the Trump administration has engaged in a "spiritual battle", adding that there were "evil forces". Donald Trump serious about running a third term. What 'methods' is he hinting at? US President Donald Trump has said that he is not joking about running for the presidency again and there are 'methods' for doing so. While the US Constitution under the 22nd Amendment bars any individual from running for the presidency for the third time, Trump supporters have said that the law can be interpreted differently as well. While any such maneuver would invite legal challenges, and courts would be asked to interpret the meaning of the 22nd Amendment, Trump and his supporters have been reiterating their stance. Sabrina Carpenter reported to be Disney's top pick to play the lead in live-action Tangled movie According to a new report, pop sensation Sabrina Carpenter is Disney's top pick to play the lead in the live-action adaptation of its 2010 hit, Tangled. The movie is a retelling of the classic fairytale Rapunzel. The project entered development last year. BCCI announces home schedule for 2025-26 season, South Africa and West Indies to tour India The Board of Control for Cricket in India (BCCI) on Wednesday (April 2) announced the schedule for India’s home series as South Africa and West Indies will be touring the sub-continent. The announcement comes as part of BCCI’s 2025-26 home season as India also bid to defend their T20 World Cup title at the start of 2026. West Indies will play a two-match Test series while South Africa will play in an all-format series.

Top 10 world news: Trump's 'Liberation Day' tariffs; India's Waqf Bill Lok Sabha debate, and more

US President Donald Trump is set to announce reciprocal tariffs on a host of nations on Wednesday (Apr 2) at a White House event. Trump has deemed the day as &ldquo;Liberation Day&rdquo; to &ldquo;make America wealthy again.&rdquo;&nbsp;
Here are some of the biggest questions about what Trump has planned.
<h2>Which countries will be affected by Trump&rsquo;s tariffs?</h2>
In March, Treasury Department Secretary Scott Bessent suggested that the administration would target 15 per cent of countries, which are the biggest trade allies of the US. Calling them &lsquo;the Dirty 15&rsquo;, Bessent did not specify their names.
Also read | <a href="https://www.wionews.com/world/trump-tariff-hike-date-time-and-what-to-expect-from-donald-trump-tariff-liberation-day-announcement-8918430">Trump reciprocal tariffs: Date, time and what to expect from the 'Liberation Day' announcement</a>
According to a CNBC analysis based on countries with highest goods trade deficits with the US, it will likely include China, Canada, Mexico, the European Union, India, Germany, Italy, Switzerland, France, Austria, Sweden, Ireland, Japan, Taiwan, South Korea, Thailand, Malaysia, Indonesia and Vietnam.
<h2>How will the tariff rates be calculated?</h2>
Bessent earlier said that the administration would not only consider tariffs but also a wide range of trade policies and economic barriers imposed by each nation to calculate its reciprocal tariff rate.
He added that if a country doesn&rsquo;t change its policies they &ldquo;will put up the tariff wall to protect our economy, protect our workers, and protect our industries.&rdquo;
Also read | <a href="https://www.wionews.com/world/its-liberation-day-in-america-how-world-is-reacting-as-trump-sets-time-for-reciprocal-tariffs-announcement-8918253">'IT'S LIBERATION DAY IN AMERICA': How world is reacting as Trump sets tone for reciprocal tariffs' announcement</a>
If Trump imposes a flat universal tariff, the administration will have to decide whether to impose the new levies as additional tariffs to the existing ones or replace them.
Trump has already imposed new taxes on goods from Canada, Mexico and China, along with all steel and aluminium imports.
<h2>Why is Trump imposing tariffs?</h2>
Trump has cited a wide range of reasons to defend his sweeping tariffs on foreign goods. He views tariffs as a flexible economic tool, using them to pressure trade partners and support US industries.
Also read | <a href="https://www.wionews.com/world/who-is-howard-lutnick-trumps-tariff-man-facing-heat-as-reciprocal-tariff-threat-looms-8916294">Who is Howard Lutnick? Trump's 'tariff man' facing heat as reciprocal tariff threat looms</a>
The Trump administration says that tariffs will put pressure on Canada, Mexico, and China to reduce illegal migration and drug trafficking into the US. In addition, it would protect US industries like steel, aluminium, and copper, which are essential for national security.&nbsp;
The US president also believes that tariffs on foreign vehicles will support domestic car manufacturers. He further introduced the &ldquo;reciprocal&rdquo; tariffs to prevent other countries from retaliating and imposing higher levies on US goods.
Trump also aims to generate revenue through tariffs that will help fund tax cuts, government spending, and even balance the federal budget.
Also read | <a href="https://www.wionews.com/autonews/us-auto-sales-surge-ahead-of-trump-tariffs-benefiting-pickups-and-suvs-8916942">US auto sales surge ahead of Trump tariffs, benefiting pickups and SUVs</a>
<h2>What impact will tariffs have on the economy?</h2>
The tariffs imposed by Trump could result in huge costs for businesses and consumers. Higher levies on foreign food, energy and auto parts could lead to higher costs for Americans amid high inflation.
According to economists at Goldman Sachs, Trump&rsquo;s tariffs could boost inflation, slow the economy and raise the unemployment rate.
(With inputs from agencies)

World | In March, Treasury Department Secretary Scott Bessent suggested that the administration would target 15 per cent of countries, which are the biggest trade allies of the US. Calling them ‘the Dirty 15’, Bessent did not specify their names.

US President Donald Trump is set to announce reciprocal tariffs on a host of nations on Wednesday (Apr 2) at a White House event. Trump has deemed the day as “Liberation Day” to “make America wealthy again.” Here are some of the biggest questions about what Trump has planned. Which countries will be affected by Trump’s tariffs? In March, Treasury Department Secretary Scott Bessent suggested that the administration would target 15 per cent of countries, which are the biggest trade allies of the US. Calling them ‘the Dirty 15’, Bessent did not specify their names. Also read | Trump reciprocal tariffs: Date, time and what to expect from the 'Liberation Day' announcement According to a CNBC analysis based on countries with highest goods trade deficits with the US, it will likely include China, Canada, Mexico, the European Union, India, Germany, Italy, Switzerland, France, Austria, Sweden, Ireland, Japan, Taiwan, South Korea, Thailand, Malaysia, Indonesia and Vietnam. How will the tariff rates be calculated? Bessent earlier said that the administration would not only consider tariffs but also a wide range of trade policies and economic barriers imposed by each nation to calculate its reciprocal tariff rate. He added that if a country doesn’t change its policies they “will put up the tariff wall to protect our economy, protect our workers, and protect our industries.” Also read | 'IT'S LIBERATION DAY IN AMERICA': How world is reacting as Trump sets tone for reciprocal tariffs' announcement If Trump imposes a flat universal tariff, the administration will have to decide whether to impose the new levies as additional tariffs to the existing ones or replace them. Trump has already imposed new taxes on goods from Canada, Mexico and China, along with all steel and aluminium imports. Why is Trump imposing tariffs? Trump has cited a wide range of reasons to defend his sweeping tariffs on foreign goods. He views tariffs as a flexible economic tool, using them to pressure trade partners and support US industries. Also read | Who is Howard Lutnick? Trump's 'tariff man' facing heat as reciprocal tariff threat looms The Trump administration says that tariffs will put pressure on Canada, Mexico, and China to reduce illegal migration and drug trafficking into the US. In addition, it would protect US industries like steel, aluminium, and copper, which are essential for national security. The US president also believes that tariffs on foreign vehicles will support domestic car manufacturers. He further introduced the “reciprocal” tariffs to prevent other countries from retaliating and imposing higher levies on US goods. Trump also aims to generate revenue through tariffs that will help fund tax cuts, government spending, and even balance the federal budget. Also read | US auto sales surge ahead of Trump tariffs, benefiting pickups and SUVs What impact will tariffs have on the economy? The tariffs imposed by Trump could result in huge costs for businesses and consumers. Higher levies on foreign food, energy and auto parts could lead to higher costs for Americans amid high inflation. According to economists at Goldman Sachs, Trump’s tariffs could boost inflation, slow the economy and raise the unemployment rate. (With inputs from agencies)

‘Liberation Day’: Biggest questions on Trump’s reciprocal tariffs answered

The U.S. automotive market showed noteworthy growth in first-quarter sales because customers expected higher import vehicle prices from pending President Trump tariffs. Customers hurried to acquire both pickup trucks and sport-utility vehicles because they expected rising costs before the tariffs took effect.
General Motors reported a significant sales boost of 17% while its Korean-manufactured Chevrolet Trax along with other cost-efficient SUVs such as the Trax drove this markup. The upcoming 25% tariff deadline for April 3rd seems to have quickened the speed at which customers bought their vehicles.
Edmunds head of insights Jessica Caldwell observed that some sales might happen earlier due to automotive tariff deadlines approaching April 2.
The proposed tariffs will drive up the total cost of imported vehicles by thousands of dollars thus potentially decreasing the availability of affordable models such as Ford's Maverick compact pickup. New vehicles would become less affordable because the average price approaches USD 50,000.
Also Read | <a href="https://www.wionews.com/autonews/auto-giant-magna-braces-for-trumps-tariffs-amid-industry-turmoil-8916838">Auto giant Magna braces for Trump&rsquo;s tariffs amid industry turmoil</a>
Auction site owner Doug Demuro declared that sudden price increases of cars would inevitably reduce their sales levels because of absolute necessity.
GM experienced substantial growth while Ford recorded a 1.3% sales drop because they discontinued some models while fleet sales occurred at unfavorable times. Third-tier automobile manufacturers Hyundai together with Mazda and Honda elevated their quarterly sales numbers. Hyundai North America boss Randy Parker linked the substantial sales boom observed during the last quarter weekend to consumers buying cars to avoid new import taxes.
Wards Intelligence reported electric vehicles experienced a 19.2% sales growth as Tesla's delivery forecast declined because of reduced customer demand and negative public reaction towards Elon Musk's political activism.
The data obtained from Wards Intelligence indicates U.S. new vehicle sales climbed to 3.91 million units between January and March 2019 with a yearly growth rate of 4.8%.
However, the future outlook remains uncertain. Market research firm Cox Automotive predicts that potential inflation caused by the new tariffs could negatively impact vehicle sales in 2025. The immediate surge in sales reflects consumer concern about potential price hikes, but the long-term impact of the tariffs on the U.S. auto market remains to be seen.

Autonews | Edmunds head of insights Jessica Caldwell observed that some sales might happen earlier due to automotive tariff deadlines approaching April 2.

The U.S. automotive market showed noteworthy growth in first-quarter sales because customers expected higher import vehicle prices from pending President Trump tariffs. Customers hurried to acquire both pickup trucks and sport-utility vehicles because they expected rising costs before the tariffs took effect. General Motors reported a significant sales boost of 17% while its Korean-manufactured Chevrolet Trax along with other cost-efficient SUVs such as the Trax drove this markup. The upcoming 25% tariff deadline for April 3rd seems to have quickened the speed at which customers bought their vehicles. Edmunds head of insights Jessica Caldwell observed that some sales might happen earlier due to automotive tariff deadlines approaching April 2. The proposed tariffs will drive up the total cost of imported vehicles by thousands of dollars thus potentially decreasing the availability of affordable models such as Ford's Maverick compact pickup. New vehicles would become less affordable because the average price approaches USD 50,000. Also Read | Auto giant Magna braces for Trump’s tariffs amid industry turmoil Auction site owner Doug Demuro declared that sudden price increases of cars would inevitably reduce their sales levels because of absolute necessity. GM experienced substantial growth while Ford recorded a 1.3% sales drop because they discontinued some models while fleet sales occurred at unfavorable times. Third-tier automobile manufacturers Hyundai together with Mazda and Honda elevated their quarterly sales numbers. Hyundai North America boss Randy Parker linked the substantial sales boom observed during the last quarter weekend to consumers buying cars to avoid new import taxes. Wards Intelligence reported electric vehicles experienced a 19.2% sales growth as Tesla's delivery forecast declined because of reduced customer demand and negative public reaction towards Elon Musk's political activism. The data obtained from Wards Intelligence indicates U.S. new vehicle sales climbed to 3.91 million units between January and March 2019 with a yearly growth rate of 4.8%. However, the future outlook remains uncertain. Market research firm Cox Automotive predicts that potential inflation caused by the new tariffs could negatively impact vehicle sales in 2025. The immediate surge in sales reflects consumer concern about potential price hikes, but the long-term impact of the tariffs on the U.S. auto market remains to be seen.

US auto sales surge ahead of Trump tariffs, benefiting pickups and SUVs

Gold prices have surged to multiple all-time highs this week. The rally has been fueled by escalating global economic uncertainty, largely driven by U.S. tariff policies.

Tariff woes fuel gold's surge to record prices

India is under increasing pressure to ease trade restrictions on its politically delicate agricultural sector after the Trump administration slammed the country's high tariffs on American farm goods. The U.S. administration's warning came a day before Donald Trump's reciprocal tariffs on the so-called 'Liberation Day'.

Trump team highlights India's high tariffs

India is under increasing pressure to ease trade restrictions on its politically delicate agricultural sector after the trump administration slammed the country's high tariffs on American farm goods.<o:p></o:p>
The US Administration's warning came a day before Donald Trump's reciprocal tariffs on the so-called &lsquo;Liberation Day'.<o:p></o:p>
White House press secretary Karoline Leavitt said, "You have 100 per cent tariff from India on American agricultural products."<o:p></o:p>
The US President's new reciprocal tariffs are expected to target the European Union, Japan, and Canada, as Trump's spokesperson used tariff rates from those countries as examples.<o:p></o:p>
Leavitt added, "This makes it virtually impossible for American products to be imported into these markets."<o:p></o:p>
Global policymakers are on edge as the US remarks come before the unveiling of Trump's retaliatory tariffs on April 2.<o:p></o:p>
Although the Indian government has reduced tariffs on American textiles and motorbikes, the United States had previously requested that the country make further concessions in a variety of areas, including agriculture.<o:p></o:p>
<h2 class="MsoNormal">Trump team highlights India's high tariffs<o:p></o:p></h2>
The US has also slammed India&rsquo;s non-tariff obstacles, such as import prohibitions and licensing requirements in specific industries.<o:p></o:p>
Reports show India is considering lowering tariffs on some agricultural goods after having cut import duties on American whiskey and motorbikes.<o:p></o:p>
Trump on Tuesday acknowledged India's attempts and latest reports on the country, considering further tariff cuts.<o:p></o:p>
US President Donald trump said, "I think I heard that India just a little while ago is going to be dropping its tariffs, and I said why didn't somebody do this a long time ago?"<o:p></o:p>
On the other hand, China wants to talk but is ready to hit the US with tit-for-tat trade tariffs if Trump announces import levies on the dragon country on Wednesday.<o:p></o:p>
That raises an important question: Will this be the moment when China&rsquo;s nascent trade war with the US really escalates?<o:p></o:p>
The approach to trump's trade tariff rhetoric has been different. While India is looking at tariff cuts to appease Trump, China has taken a more aggressive route with its own retaliatory import taxes on the US.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: India is under increasing pressure to ease trade restrictions on its politically delicate agricultural sector after the trump administration slammed the country's high tariffs on American farm goods.

India is under increasing pressure to ease trade restrictions on its politically delicate agricultural sector after the trump administration slammed the country's high tariffs on American farm goods. The US Administration's warning came a day before Donald Trump's reciprocal tariffs on the so-called ‘Liberation Day'. White House press secretary Karoline Leavitt said, "You have 100 per cent tariff from India on American agricultural products." The US President's new reciprocal tariffs are expected to target the European Union, Japan, and Canada, as Trump's spokesperson used tariff rates from those countries as examples. Leavitt added, "This makes it virtually impossible for American products to be imported into these markets." Global policymakers are on edge as the US remarks come before the unveiling of Trump's retaliatory tariffs on April 2. Although the Indian government has reduced tariffs on American textiles and motorbikes, the United States had previously requested that the country make further concessions in a variety of areas, including agriculture. Trump team highlights India's high tariffs The US has also slammed India’s non-tariff obstacles, such as import prohibitions and licensing requirements in specific industries. Reports show India is considering lowering tariffs on some agricultural goods after having cut import duties on American whiskey and motorbikes. Trump on Tuesday acknowledged India's attempts and latest reports on the country, considering further tariff cuts. US President Donald trump said, "I think I heard that India just a little while ago is going to be dropping its tariffs, and I said why didn't somebody do this a long time ago?" On the other hand, China wants to talk but is ready to hit the US with tit-for-tat trade tariffs if Trump announces import levies on the dragon country on Wednesday. That raises an important question: Will this be the moment when China’s nascent trade war with the US really escalates? The approach to trump's trade tariff rhetoric has been different. While India is looking at tariff cuts to appease Trump, China has taken a more aggressive route with its own retaliatory import taxes on the US. (With inputs from the agencies)

US slams India a day before reciprocal duties kick in

As Donald Trump's tariffs kick in on April 2, a speech by former US president Ronald Reagan has resurfaced on the internet. The 40th president of the United States warned of &nbsp;&ldquo;trade wars&ldquo; and asked people to beware of &ldquo;demogogues who are ready to declare a trade war against our friends&rdquo; in a radio speech he made nearly 40 years ago
The speech by Reagan focusses on Free and Fair Trade and Canadian elections. Reagan stated in the speech that "the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition."
Reagan said that while tariffs might look appealing at first, they are the reason for economic devastation.
"At first, when someone says let's impose tariffs on foreign imports, it looks like they are doing a patriotic thing by protecting American products and jobs. Sometimes, for a short while, it works, but only for a short time," Reagan said in the speech.
Also Read: <a href="https://www.wionews.com/world/trump-reciprocal-tariffs-liberation-day-of-confusion-day-officials-scramble-to-implement-plan-that-can-hit-india-china-canada-8914082" rel="dofollow noopener" target="_blank">Trump reciprocal tariffs are coming, but officials don't seem to agree on how to implement</a>
"What eventually occurs is, first homegrown industries start relying on government protections in the form of high tariffs. They stop competing and stop making innovative management and technological changes they need to succeed in world markets."
Watch Ronald Reagan's speech on tariffs below
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m8zdk1hj-20irkfoa-jiy6yt8o">
Ronald Reagan declaring that the US should not listen to American demagogues willing to start trade wars with peaceful allies. <a href="https://t.co/h2mpYQo7uI">pic.twitter.com/h2mpYQo7uI</a>
&mdash; Old Canada Series (@oldcanadaseries) <a href="https://twitter.com/oldcanadaseries/status/1885607684088414223?ref_src=twsrc%5Etfw">February 1, 2025</a></blockquote>
<h2>Tariffs trigger "fierce trade wars"&nbsp;</h2>
Reagan added that this leads to worldwide trade wars.
Also Read: <a href="https://www.wionews.com/world/to-take-effect-immediately-what-are-trumps-reciprocal-tariffs-and-who-pays-them-heres-your-complete-guide-8915181" rel="dofollow noopener" target="_blank">What are Trump's reciprocal tariffs, and who pays them? Here's your complete guide</a>
"Then something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers and less and less competition."
"So soon, because of the prices made artificially high by tariffs, people stop buying."&nbsp;
<h2>Tariffs made the Great Depression worse: Reagan</h2>
Reagan warned that tariffs made things worse during the Great Depression, and "the memory of the suffering it caused is deep and searing."&nbsp;
Also Read: <a href="https://www.wionews.com/india-news/price-hikes-incoming-trumps-reciprocal-tariffs-on-india-hit-tomorrow-heres-how-your-groceries-will-be-affected-8915083" rel="dofollow noopener" target="_blank">Trump&rsquo;s reciprocal tariffs on India hit tomorrow: Here&rsquo;s how your groceries will be affected</a>
He cited economic analysts and historians to state that "high tariff legislation passed during the time of Great Depression, called the Smoot-Hawley Tariff, greatly deepened the depression and affected economic recovery."
"Then the worst happens. Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs."
<iframe width="600" height="auto" style="width: 100%; aspect-ratio: 4/3;" allowfullscreen="allowfullscreen" class="external-video publive-iframes-block" src="https://cdn.thepublive.com/wion/static/kaltura_player/wion_video_player_iframe.html?thumbnail=wion/media/post_attachments/screenshot/0204_ARJUN_TARIFFS_7AM/00000002.jpg&amp;videourl=https://vodakm.zeenews.com/vod/WION/0204_ARJUN_TARIFFS_7AM.mp4/index.m3u8&amp;duration=324&amp;tags=US, Trump, World News,, WION" title="US president Trump poised to unveil sweeping new tariffs today" id="PL_iframe_block-m8zdnr1l-b7ksxjb6-feig5b7e"></iframe>
"The memory of all this happening in the 1930s made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity."
<h2>America's prosperity, millions of jobs at risk?</h2>
The former president who ruled from 1981 to 1989 said that there are some people who forget the risks of high tariffs for some short-term gain, leading to millions of people losing their jobs.
Also Read: <a href="https://www.wionews.com/world/will-retaliate-if-necessary-eu-chief-warns-us-of-strong-plan-against-trump-tariffs-8914805" rel="dofollow noopener" target="_blank">EU chief warns US of &lsquo;strong plan&rsquo; against Trump tariffs</a>
"There are some who, for short-term political advantage, risk America's prosperity for the sake of short-term appeal to some special interest group who forget that more than 5 million American jobs are directly tied to the foreign export business and additional millions are tied to imports."
Notably, Trump has had an aggressive approach towards tariffs since he took office, promoting the belief that they would be good for the US economy. However, investors, economists, CEOs and the general public fear that the import taxes might prove harmful.&nbsp;
Labelling April 2 as "Liberation Day", Trump believes that the tariffs will end America's reliance on foreign goods.

In a speech nearly 40 years ago, former US president Ronald Reagan warned that tariffs could trigger a scene like the Great Depression. World Trending

As Donald Trump's tariffs kick in on April 2, a speech by former US president Ronald Reagan has resurfaced on the internet. The 40th president of the United States warned of “trade wars“ and asked people to beware of “demogogues who are ready to declare a trade war against our friends” in a radio speech he made nearly 40 years ago The speech by Reagan focusses on Free and Fair Trade and Canadian elections. Reagan stated in the speech that "the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition." Reagan said that while tariffs might look appealing at first, they are the reason for economic devastation. "At first, when someone says let's impose tariffs on foreign imports, it looks like they are doing a patriotic thing by protecting American products and jobs. Sometimes, for a short while, it works, but only for a short time," Reagan said in the speech. Also Read: Trump reciprocal tariffs are coming, but officials don't seem to agree on how to implement "What eventually occurs is, first homegrown industries start relying on government protections in the form of high tariffs. They stop competing and stop making innovative management and technological changes they need to succeed in world markets." Watch Ronald Reagan's speech on tariffs below Ronald Reagan declaring that the US should not listen to American demagogues willing to start trade wars with peaceful allies. pic.twitter.com/h2mpYQo7uI — Old Canada Series (@oldcanadaseries) February 1, 2025 Tariffs trigger "fierce trade wars" Reagan added that this leads to worldwide trade wars. Also Read: What are Trump's reciprocal tariffs, and who pays them? Here's your complete guide "Then something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers and less and less competition." "So soon, because of the prices made artificially high by tariffs, people stop buying." Tariffs made the Great Depression worse: Reagan Reagan warned that tariffs made things worse during the Great Depression, and "the memory of the suffering it caused is deep and searing." Also Read: Trump’s reciprocal tariffs on India hit tomorrow: Here’s how your groceries will be affected He cited economic analysts and historians to state that "high tariff legislation passed during the time of Great Depression, called the Smoot-Hawley Tariff, greatly deepened the depression and affected economic recovery." "Then the worst happens. Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs." "The memory of all this happening in the 1930s made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity." America's prosperity, millions of jobs at risk? The former president who ruled from 1981 to 1989 said that there are some people who forget the risks of high tariffs for some short-term gain, leading to millions of people losing their jobs. Also Read: EU chief warns US of ‘strong plan’ against Trump tariffs "There are some who, for short-term political advantage, risk America's prosperity for the sake of short-term appeal to some special interest group who forget that more than 5 million American jobs are directly tied to the foreign export business and additional millions are tied to imports." Notably, Trump has had an aggressive approach towards tariffs since he took office, promoting the belief that they would be good for the US economy. However, investors, economists, CEOs and the general public fear that the import taxes might prove harmful. Labelling April 2 as "Liberation Day", Trump believes that the tariffs will end America's reliance on foreign goods.

Another Great Depression? Ronald Reagan's ominous 1987 speech on tariffs resurfaces. WATCH

US President Donald Trump said he is "Pissed off" with Russian President Vladimir Putin. He threatened to impose "secondary tariffs" on Russian oil if a truce with Ukraine is not done.<o:p></o:p>
In a telephone conversation with NBC, Trump said that if Moscow obstructs his attempts to resolve the conflict in Ukraine, he will slap secondary tariffs of 25 per cent to 50 per cent on all Russian oil within a month.<o:p></o:p>
Since Russia is among the top three oil producers in the world, penalising Moscow's supplies might significantly impact the oil market, leading to a surge in global inflationary pressures.<o:p></o:p>
The latest news comes after the US imposed 25 per cent secondary tariffs on countries buying oil from sanctioned Venezuela. Separately, Trump also hinted at "Secondary tariffs" on Iranian oil that are not yet defined.<o:p></o:p>
With the uncertainty around trade tariffs in the background, the latest threat to Russia adds a new layer of complexity to the global oil trade. The risk of higher crude prices is high, especially for major oil importers like India and China. For India, this comes at a crucial time.<o:p></o:p>
Should the US press ahead, India, which has become a key buyer of discounted Russian barrels, would face extreme pressure. Separately, in January 2024, India accounted for nearly half of Venezuela's crude exports, making it the largest buyer that month.<o:p></o:p>
<h2 class="MsoNormal">Secondary oil tariffs: Impact on India<o:p></o:p></h2>
India's energy ties have been improving with those nations, with the country eyeing long-term oil contracts. However, new secondary sanctions could disrupt supplies, increase costs, and force refiners to rethink their sourcing strategy.<o:p></o:p>
The "Secondary tariffs" are a new weapon in Trump's arsenal. Direct sanctions prohibit US entities from trading with Venezuela. Secondary tariffs penalise other countries for doing business with sanctioned nations.<o:p></o:p>
It's an indirect way to tighten economic pressure globally, without completely cutting off trade. For global markets, this escalating tariff war means uncertainty. Businesses and governments are watching this development closely.<o:p></o:p>
Trade barriers threaten to disrupt supply chains, raise costs, and impact economic growth. India depends on imports for over 85 per cent of its oil needs and has been looking to diversify its crude imports.<o:p></o:p>
With Venezuela's, Iran's and Russia's oil now under US scrutiny, Indian refiners need to rework sourcing strategies. This could push them to increase their dependence on West Asian suppliers.<o:p></o:p>
The question is: Will India risk US trade tensions to secure discounted Russian, Iranian and Venezuelan crude, or will it shift focus to other suppliers?<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: In a telephone conversation with NBC, Trump said that if Moscow obstructs his attempts to resolve the conflict in Ukraine, he will slap secondary tariffs of 25 per cent to 50 per cent on all Russian oil within a month.

US President Donald Trump said he is "Pissed off" with Russian President Vladimir Putin. He threatened to impose "secondary tariffs" on Russian oil if a truce with Ukraine is not done. In a telephone conversation with NBC, Trump said that if Moscow obstructs his attempts to resolve the conflict in Ukraine, he will slap secondary tariffs of 25 per cent to 50 per cent on all Russian oil within a month. Since Russia is among the top three oil producers in the world, penalising Moscow's supplies might significantly impact the oil market, leading to a surge in global inflationary pressures. The latest news comes after the US imposed 25 per cent secondary tariffs on countries buying oil from sanctioned Venezuela. Separately, Trump also hinted at "Secondary tariffs" on Iranian oil that are not yet defined. With the uncertainty around trade tariffs in the background, the latest threat to Russia adds a new layer of complexity to the global oil trade. The risk of higher crude prices is high, especially for major oil importers like India and China. For India, this comes at a crucial time. Should the US press ahead, India, which has become a key buyer of discounted Russian barrels, would face extreme pressure. Separately, in January 2024, India accounted for nearly half of Venezuela's crude exports, making it the largest buyer that month. Secondary oil tariffs: Impact on India India's energy ties have been improving with those nations, with the country eyeing long-term oil contracts. However, new secondary sanctions could disrupt supplies, increase costs, and force refiners to rethink their sourcing strategy. The "Secondary tariffs" are a new weapon in Trump's arsenal. Direct sanctions prohibit US entities from trading with Venezuela. Secondary tariffs penalise other countries for doing business with sanctioned nations. It's an indirect way to tighten economic pressure globally, without completely cutting off trade. For global markets, this escalating tariff war means uncertainty. Businesses and governments are watching this development closely. Trade barriers threaten to disrupt supply chains, raise costs, and impact economic growth. India depends on imports for over 85 per cent of its oil needs and has been looking to diversify its crude imports. With Venezuela's, Iran's and Russia's oil now under US scrutiny, Indian refiners need to rework sourcing strategies. This could push them to increase their dependence on West Asian suppliers. The question is: Will India risk US trade tensions to secure discounted Russian, Iranian and Venezuelan crude, or will it shift focus to other suppliers? (With inputs from the agencies)

Trump's tariff threat shakes up global oil trade

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