eznews.in
As China and India celebrate 75 years of diplomatic ties, India's Foreign Secretary Vikram Misri emphasized the importance of lessons learned for future cooperation during a ceremony at the Chinese Embassy in New Delhi. Misri highlighted the deep historical and cultural connections between the two nations, referencing influential figures like Bodhidharma and Rabindranath Tagore. He acknowledged recent tensions but noted that ongoing diplomatic efforts have led to resolutions regarding border issues, underscoring the necessity of peace for bilateral relations. Misri outlined steps taken to enhance cooperation, including the resumption of the Kailash-Mansarovar pilgrimage and discussions on transport and air services. He urged both nations to focus on mutual respect, sensitivity, and interest as foundational principles for rebuilding ties. Concluding his remarks, he expressed optimism about transforming these promising beginnings into tangible benefits for both countries, signaling a commitment to a stable future. 
Published: Apr 02 2025, 1 ameznews.inDonald Trump's announcement of a minimum 10% tariff on all exporters to the US, along with significant additional duties on around 60 nations, triggered a sharp decline in equity markets late Wednesday, erasing gains from the previous three days. The S&P 500 exchange-traded fund dropped approximately 2.5% after regular trading, while bonds rose. China faces a 34% tariff, the European Union a 20% levy, and Japan a 24% tariff. Analysts view these steep tariffs as a negotiation tactic, with potential for future reductions, though concerns grow over their impact on the slowing economy and inflation. Michael O'Rourke warned that these tariffs could further decelerate economic growth, while Todd Jablonski noted that the effects may already be priced into the market. Investors remain cautious, as the evolving tariff landscape creates uncertainty, but some see a potential buying opportunity amid the volatility.
Published: Apr 03 2025, 4 ameznews.inGold prices surged on Wednesday, nearing all-time highs, as investors sought safe-haven assets following U.S. President Donald Trump's announcement of aggressive reciprocal tariffs, which are expected to escalate the ongoing trade war. Spot gold rose 0.6% to $3,129.46 an ounce, while U.S. gold futures also climbed by 0.6%, settling at $3,166.20. Independent metals trader Tai Wong noted that the unexpected nature of the tariffs could lead to market sell-offs and a weaker dollar, with a short-term gold target of $3,200. Trump revealed a 10% baseline tariff on all imports, with higher rates for major trading partners, including 34% on China. The dollar index fell by 0.4%, making gold more affordable for foreign buyers. Meanwhile, other metals showed mixed results, with silver and platinum both up 0.7%, while palladium dipped 0.8%. The latest U.S. employment data is anticipated later this week.
Published: Apr 03 2025, 4 ameznews.inIn a recent announcement from the White House, President Donald Trump unveiled "reciprocal tariffs" aimed at countries imposing high tariffs on American goods, specifically targeting India, which he accused of charging a steep 52 percent. During a meeting with Prime Minister Narendra Modi, Trump expressed his discontent, stating, "You've not been treating us right." As a response, the US will impose a 26 percent tariff on Indian imports, effective April 9, following a baseline tariff of 10 percent set to begin on April 5. Trump emphasized that these measures are part of a broader strategy to reclaim American jobs and industries, declaring April 2 as "Liberation Day." He described the tariffs as fair, asserting that America will charge only half of what other countries charge. Other countries facing specific tariffs include China (34 percent), the EU (20 percent), and Vietnam (46 percent), among others.
Published: Apr 03 2025, 4 ameznews.inUS Treasury Secretary Scott Bessent has issued a stark warning to international trading partners against retaliating to the new tariffs announced by former President Donald Trump, which he referred to as "Liberation Day." Speaking on Fox News, Bessent urged countries to refrain from responding to the tariffs, emphasizing that retaliation would only lead to further escalation of trade tensions. He advised nations to "sit back" and observe the situation, suggesting that non-retaliation could mark a peak in the current trade disputes. Bessent's comments come amid heightened concerns over the potential for a trade war, as the White House implements these tariffs in a bid to reshape international trade dynamics.
Published: Apr 03 2025, 4 ameznews.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 am
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact