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The US Army confirmed on Tuesday that the last of four American soldiers missing in Lithuania since a military drill was found dead, following the discovery of the first three soldiers on Monday. The soldiers, part of the 1st Armored Brigade Combat Team, 3rd Infantry Division, went missing during exercises near Pabrade, close to the Belarus border, prompting a search operation. The identities of the deceased are being withheld pending notification of next of kin. Lithuania's defense ministry expressed "deep sorrow" and extended condolences to the families, while US Defense Secretary Pete Hegseth praised the efforts of those involved in the recovery, emphasizing respect for the fallen. The incident highlights the presence of over 1,000 American troops in Lithuania, a NATO and EU member, stationed on a rotational basis. 
Published: Apr 01 2025, 10 pmeznews.inUS President Donald Trump has unveiled substantial reciprocal tariffs on imports from India and China, asserting that the US will charge 26% on Indian goods and 34% on Chinese products, which he claims is half of what these countries impose on American imports. During the announcement in the White House Rose Garden, Trump criticized India's tariffs as "very very tough," and emphasized his friendship with Indian Prime Minister Narendra Modi while insisting on fair treatment. Additionally, tariffs of 20% on the European Union and 10% on the UK, along with a 24% levy on Japan, were also introduced. The tariffs are part of a broader strategy to address trade imbalances, with a baseline 10% import duty set to take effect on April 5, followed by the new country-specific tariffs starting April 9. Trump declared April 2 as "Liberation Day," pledging to reclaim American jobs and industries.
Published: Apr 03 2025, 2 ameznews.inPresident Donald Trump announced new global reciprocal tariffs during a White House event on Wednesday, asserting that the U.S. will prioritize American interests in trade. He criticized current trade practices, stating that "the friend is worse than the foe" and questioned why the U.S. subsidizes countries like Mexico and Canada. Trump described trade deficits as a "national emergency" rather than just an economic issue. The tariffs, which range from 10% to 49%, are designed to be lower than the rates charged by other countries, with some exceptions where the rates match. He emphasized that the tariffs are "kind reciprocal," rather than fully reciprocal. A list of new tariff rates was presented, detailing charges for various countries, including Algeria at 30%, Lesotho at 50%, and several others at 10%, reflecting a significant shift in U.S. trade policy.
Published: Apr 03 2025, 3 ameznews.inPresident Donald Trump announced on Wednesday a 10% baseline tariff on all imports to the United States, alongside steeper duties for major trading partners, escalating a trade war initiated upon his return to the White House. This significant policy shift aims to reverse decades of trade liberalization, potentially leading to retaliatory measures from affected nations, which could drive up prices on various goods, from bicycles to wine. "It's our declaration of independence," Trump stated during a White House event, showcasing proposed tariffs of 34% on China and 20% on the European Union. While the tariffs are set to take effect immediately, official enforcement notices are pending. The administration has already implemented 20% tariffs on Chinese imports and 25% on steel and aluminum. Economists warn these tariffs could hinder global economic growth and increase living costs for American families, while businesses express concerns over operational planning amidst ongoing uncertainty.
Published: Apr 03 2025, 3 ameznews.inOil prices experienced volatility on Wednesday, initially rising following U.S. President Donald Trump's announcement of reciprocal tariffs on trading partners, only to plunge into negative territory later. Brent crude futures settled at $74.95 a barrel, up 46 cents, while U.S. West Texas Intermediate rose 51 cents to $71.71. Trump's tariffs, affecting nations like the EU, China, and South Korea, raised concerns over a potential global trade war that could hinder crude demand. Despite the announcement, comments from Mexican President Claudia Sheinbaum alleviated fears of retaliatory tariffs from Mexico. Additionally, Russia's restrictions on oil exports added complexity to the supply landscape, while U.S. crude inventories showed a significant increase of 6.2 million barrels, yet the market reacted neutrally. Analysts noted that the focus has shifted from supply reductions to the implications of Trump's tariff policies on economic growth and oil demand.
Published: Apr 03 2025, 3 ameznews.inThe dollar weakened against the yen and the euro held onto gains following President Donald Trump's announcement of new global tariffs, which are expected to escalate tensions in international trade. Trump revealed a 10% baseline tariff on all imports, with rates potentially reaching up to 49% for certain trading partners. Despite the U.S. tariffs being generally lower than those imposed by other nations, the market reacted cautiously, with the dollar dipping 0.2% to 149.255 yen after Trump reiterated plans for 25% tariffs on foreign-made cars. The euro initially surged over 1% against the dollar but settled 0.3% higher at $1.0828. Concerns about the tariffs and their potential impact on the U.S. economy have fueled recession fears, overshadowing positive private payroll data. Canadian and Japanese officials have expressed concerns about the potential global ramifications of the U.S. tariffs.
Published: Apr 03 2025, 3 ameznews.inAs dawn broke over the Mexican-US border on President Trump's "Liberation Day," truck driver Raul Hernandez expressed concern over impending tariffs that could devastate jobs in Mexico. Hernandez, transporting Toyota pick-up trucks to California, warned that if manufacturers relocate to the US, many workers in border cities like Tijuana could lose their livelihoods. Fellow driver Omar Zepeda echoed these fears, noting that increased product costs could lead to reduced sales and job losses. The region's economy heavily relies on factories supported by free trade agreements, with many families dependent on these jobs. Local business owners, like burrito seller Charito Moreno, highlighted that tariffs would negatively impact the entire community, as cross-border trade is vital. In response, Mexican President Claudia Sheinbaum announced plans for economic reforms to bolster the economy, while some truckers suggested retaliatory measures against US imports.
Published: Apr 03 2025, 2 ameznews.inUS President Donald Trump is poised to announce significant new tariffs dubbed "Liberation Day" on Wednesday, a decision that could ignite a global trade war. The announcement is scheduled for 4pm EST in the Rose Garden at the White House, with the tariffs taking effect immediately. Notably, a 25% global tariff on auto imports is set to be implemented on April 3. The Global Trade Research Initiative (GTRI) warns that these tariffs could adversely affect Indian exports, potentially increasing taxes from 2.8% to 4.9% for key sectors like agriculture, electronics, and pharmaceuticals. Ahead of the announcement, Trump declared on his Truth Social platform, "It's Liberation Day in America!" His administration claims the tariffs aim to equalise US rates with those of other nations and address non-tariff barriers. Global markets remain on edge, with affected countries preparing for possible retaliatory actions while calling for dialogue.
Published: Apr 03 2025, 12 ameznews.inUS President Donald Trump is set to announce significant "Liberation Day" tariffs on Wednesday, a move that could trigger a global trade war. Key trading partners, including the European Union and the UK, are preparing their responses as markets show signs of nervousness. Trump, who plans to reveal the tariffs during a White House ceremony, has hinted at reciprocal tariffs but has kept details vague until the last moment. Critics warn that the tariffs could burden US consumers and businesses, potentially leading to a recession if the trade conflict escalates. Major economies have vowed to retaliate, with the EU promising a swift response to US tariffs on steel and aluminum. Canadian Prime Minister Mark Carney emphasized a careful approach to their response, while Germany cautioned that trade wars negatively impact all involved. Trump's tariffs, aimed at revitalizing American manufacturing, highlight the widening rift between the US and its allies.
Published: Apr 03 2025, 12 ameznews.inGerman Ambassador to India Dr. Philipp Ackermann has expressed confidence that Germany's relationship with India will thrive under the new German government, particularly in sectors such as services, defense, and the anticipated free trade agreement with the European Union. Speaking at an event in New Delhi, Ackermann highlighted Germany's need for skilled labor, emphasizing the importance of Indian professionals in the German labor market. He noted that German businesses are increasingly interested in diversifying investments in India amid a challenging geopolitical landscape. Despite facing economic challenges at home, including a slowing economy and rising conservative politics, Ackermann affirmed that there would be no shift in Germany's policy towards India. He reiterated the urgency of advancing the EU-India free trade agreement, which both Prime Minister Narendra Modi and European Commission President Ursula von der Leyen aim to finalize by the end of 2025, viewing it as a transformative opportunity for business investment in India.
Published: Apr 03 2025, 12 ameznews.inAn earthquake measuring 6.0 on the Richter Scale struck Japan's Kyushu region on Wednesday at 7:34 PM IST, according to the National Center for Seismology (NCS). The tremor was recorded at a depth of 30 kilometers and occurred at coordinates 31.09 N latitude and 131.47 E longitude. In a social media update, the NCS confirmed the details of the earthquake, stating, "EQ of M: 6.0, On: 02/04/2025 19:34:00 IST, Lat: 31.09 N, Long: 131.47 E, Depth: 30 Km, Location: Kyushu, Japan." Fortunately, there have been no immediate reports of casualties or significant damage, although further information is still pending. As the situation develops, authorities are closely monitoring the aftermath of the quake.
Published: Apr 02 2025, 9 pm
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