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India is adopting a unique approach in response to US tariffs, diverging from the retaliatory strategies of other nations like China and Canada. While these countries imposed matching tariffs following US President Donald Trump's announcement, India has decided not to retaliate against the US's 26% tariff. Instead, New Delhi aims to absorb and adjust its trading dynamics to minimize the impact on Indian exporters. Concurrently, External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio discussed the urgency of finalizing a bilateral trade agreement, which could resolve tariff disputes by autumn 2025. India is also reassessing its tariff structures, having already reduced tariffs on certain US goods and eliminated a controversial digital services tax affecting major tech companies. With robust economic ties and a goal to double bilateral trade to $500 billion by 2030, both nations continue to strengthen their strategic partnership. 
Published: Apr 08 2025, 1 ameznews.inJamie Dimon, CEO of JPMorgan Chase & Co, has expressed concerns that recent tariff measures announced by President Donald Trump could trigger inflation and potentially lead to a recession in the US economy. In his annual letter to shareholders, Dimon noted that these tariffs might elevate both imported and domestic prices, thereby slowing economic growth. He urged the US to forge closer trade ties with nonaligned nations like India and Brazil, rather than demanding their alignment with US policies. Dimon highlighted the turbulence facing the economy, including high asset prices and ongoing geopolitical issues, while billionaire investor Bill Ackman echoed his sentiments, warning of a loss of confidence in the US as a trading partner. Meanwhile, Trump's administration intensified its trade war with China by imposing additional tariffs, further complicating the economic landscape, as critics within the Republican Party voiced concerns over the potential political fallout of a recession.
Published: Apr 08 2025, 8 ameznews.inUS President Donald Trump's recent tariff strategy has faced unexpected criticism from billionaire investor Bill Ackman, a notable supporter. Ackman highlighted the detrimental effects of tariffs on the US's reputation as a reliable trading partner, asserting that the administration's calculation methods inflated the tariffs' perceived impact. He warned that Trump's policies could undermine global business confidence, potentially leading to an "economic nuclear winter" that halts investments and consumer spending, ultimately harming millions of Americans. Ackman acknowledged the existence of unfair trade practices but cautioned that disproportionate tariffs could destroy trust in the US as a business partner. Meanwhile, JPMorgan CEO Jamie Dimon echoed concerns about inflation and recession risks, urging the US to strengthen trade ties with allies like India. Senator Ted Cruz also hinted at potential political fallout for Republicans if the economy falters, as markets reacted negatively to Trump's protectionist measures, resulting in significant losses worldwide.
Published: Apr 08 2025, 8 ameznews.inGlobal temperatures reached unprecedented levels in March, with Europe experiencing its hottest March on record, according to the Copernicus Climate Change Service. The month was 1.6 degrees Celsius above pre-industrial levels, extending a worrying trend of elevated temperatures that began in July 2023. This period has seen nearly every month since then at least 1.5 degrees hotter than historical averages, raising alarms about human-caused climate change. The Copernicus report highlighted contrasting weather extremes across Europe, with some regions facing their driest March on record while others experienced the wettest in 50 years. The ongoing heatwave has intensified weather events globally, including a deadly heatwave in Central Asia and severe rainfall in Argentina. Scientists are increasingly concerned that the goal of limiting warming to 1.5 degrees, as outlined in the Paris Agreement, is slipping further from reach as temperatures remain stubbornly high.
Published: Apr 08 2025, 9 ameznews.inThe US Supreme Court delivered a significant victory to President Donald Trump on Monday by lifting a lower court's injunction that had halted deportations of undocumented Venezuelan migrants under the 1798 Alien Enemies Act. The 5-4 ruling allows the Trump administration to resume deportations, which had been blocked following the removal of several Venezuelans to a notorious prison in El Salvador. However, the Court emphasized that migrants facing deportation under this act must be given the chance to legally contest their removal. The decision, which was split along ideological lines, sparked dissent from liberal justices who expressed concern over the implications for due process and civil liberties. Trump's administration has defended the deportations as part of a broader strategy to combat illegal immigration, citing alleged connections to the Venezuelan gang Tren de Aragua.
Published: Apr 08 2025, 7 ameznews.inAn Indian-origin man, Bhaveshkumar Dahyabhai Shukla, has been charged with sexual assault on a flight from Montana to Texas, according to US federal officials. The 36-year-old was arrested in New Jersey after the alleged victim's husband reported the incident to law enforcement. Court documents reveal that during the January 26 flight, Shukla allegedly touched the woman inappropriately on two occasions, first on her thighs and lower back, and later, after she returned from the bathroom, he allegedly rubbed her inappropriately while attempting to conceal his actions with his coat. Another passenger corroborated the victim's account. Shukla is scheduled to appear in court in Montana on April 17, after agreeing to be extradited from New Jersey. Despite initially claiming he did not speak English, an interpreter was used during his court appearance, where he was formally charged.
Published: Apr 08 2025, 7 ameznews.inStock markets across the Asia-Pacific region showed signs of recovery on Tuesday following a tumultuous day that saw significant declines amid escalating fears over worsening consumer finances due to US President Donald Trump's proposed tariffs. Japan's Nikkei index surged nearly 6 percent in early trading, rebounding from a staggering 7.8 percent drop the previous day, while South Korea's Kospi rose nearly 2 percent. However, Taiwan's Taiex index continued to struggle, plummeting over 5 percent after a near 10 percent fall on Monday. Australian stocks also climbed, with the S&P/ASX 200 gaining 1.1 percent, supported by reassurances from Treasurer Jim Chalmers. Meanwhile, China's commerce ministry vowed to retaliate against US tariffs, threatening countermeasures to protect its interests. Analysts noted a "hint of optimism" in Asian markets, fueled by a slight uptick in US futures, suggesting a potential market rebound after recent turmoil.
Published: Apr 08 2025, 7 ameznews.inChina has firmly rejected US President Donald Trump's threats of imposing additional 50 percent tariffs on its goods, asserting that it will not yield to pressure. Liu Pengyu, a spokesman for the Chinese embassy in the United States, emphasized that such tactics are not an appropriate means of engagement, reiterating that China will "safeguard its legitimate rights and interests." This statement comes in response to Trump's ultimatum for China to retract its planned countermeasures, highlighting the ongoing tensions between the two nations over trade issues. The situation reflects the broader complexities of US-China relations, as both sides navigate a challenging economic landscape amid escalating tariffs and counteractions.
Published: Apr 08 2025, 5 ameznews.inIran's Foreign Minister Abbas Araghchi announced that the country will engage in "indirect high-level" talks with the United States in Oman on Saturday, shortly after President Donald Trump revealed plans for discussions with Tehran. Araghchi emphasized the significance of the upcoming meeting, describing it as both an opportunity and a test for the U.S., stating, "The ball is in America's court." The talks are seen as a crucial step in addressing ongoing tensions between the two nations, which have been marked by a series of diplomatic challenges. The announcement signals a potential thaw in relations, although the specifics of the agenda remain unclear. As both sides prepare for the discussions, the international community watches closely to gauge the implications for regional stability and future diplomatic engagements.
Published: Apr 08 2025, 6 ameznews.inThe United Nations World Food Programme (WFP) has issued a stark warning regarding potential U.S. funding cuts for emergency food assistance in 14 countries, stating that such reductions could be "a death sentence for millions" facing severe hunger and starvation. WFP chief Cindy McCain emphasized the urgent need for continued support, highlighting that the cuts would exacerbate hunger, increase instability, and compromise global safety. In a bid to address the situation, the WFP is in discussions with the U.S. administration to seek clarification and advocate for the restoration of vital funding. McCain's comments underscore the critical nature of these programs, which are essential for millions relying on food aid. The international community is urged to consider the far-reaching implications of these funding decisions as they assess the global hunger crisis.
Published: Apr 08 2025, 4 ameznews.inUS President Donald Trump expressed his discontent with Russia's ongoing bombing of Ukraine during a press briefing at the White House on Monday, calling the situation "not a good" one. Despite acknowledging that negotiations between Moscow and Kyiv are making progress, Trump condemned the recent escalation of attacks, stating, "I'm not happy with all the bombing that's going on." His comments followed a Kremlin statement indicating support for a potential truce, though it raised concerns about the feasibility of such an agreement. Trump, who previously criticized Russian President Vladimir Putin, reiterated his desire for an end to hostilities, emphasizing the urgency of achieving peace. This comes amid three years of conflict, with Russia maintaining its military operations in Ukraine despite Trump's earlier promise to facilitate a resolution within 24 hours upon his potential return to office.
Published: Apr 08 2025, 4 am
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