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As nations respond to tariffs imposed by US President Donald Trump, reports reveal that the calculations behind these tariffs are not entirely reciprocal. According to the *Wall Street Journal*, over half of the countries received a flat reciprocal tariff of 10%, while others faced additional levies. A simple formula was used to determine these tariffs, focusing on trade deficits and exports to the US, as noted by *CNN*. Mike O'Rourke from Jones Trading emphasized that the tariffs appear to target countries with significant trade surpluses. Notably, China faces a steep 54% tariff, while the European Union and Japan are subject to 20% and 24% tariffs, respectively. For India, the US has reduced proposed import duties from 27% to 26%, effective April 9. In 2023-24, India recorded a trade surplus of $35.32 billion with the US, with key exports including pharmaceuticals and telecom instruments. 
Published: Apr 04 2025, 12 pmeznews.inIn response to China's aggressive $1.9 trillion manufacturing expansion, the United States has intensified its trade defenses, with President Donald Trump announcing a dramatic 125 per cent tariff on all Chinese imports. This increase, up from a previously set 104 per cent, aims to protect American manufacturers from the influx of inexpensive Chinese goods. While a 90-day tariff pause applies to other nations engaging in fair negotiations, China is excluded from this relief. Over the past four years, China has shifted nearly $2 trillion into bolstering its industrial sector, resulting in a manufacturing boom that has significantly boosted exports, which now constitute 20 per cent of its GDP. In contrast, U.S. exports have declined to 11 per cent of GDP. Other countries, including the EU and Brazil, are also increasing tariffs on Chinese products, reflecting a growing global concern over China's market dominance.
Published: Apr 10 2025, 1 pmeznews.inGermany's incoming leader, Friedrich Merz, has pledged to revitalize the nation’s economy and enhance its defense capabilities as he prepares to form a coalition government with the centre-left Social Democrats (SPD). Following the February election, where his CDU/CSU alliance secured 28.5% of the vote, Merz announced a coalition agreement aimed at significantly increasing defense spending amid concerns over U.S. commitment to European security under President Trump. He emphasized Germany's support for Ukraine in its conflict with Russia and vowed to tackle irregular migration through a "repatriation offensive." The swift coalition formation reflects external pressures, including rising support for the far-right Alternative for Germany (AfD), which recently became Germany's most popular party in polls. Internal party criticism has emerged over Merz's concessions to the SPD, with AfD leaders accusing the conservatives of betraying their electoral promises.
Published: Apr 10 2025, 1 pmeznews.inThe Singapore Supreme Court has overturned an arbitration ruling led by former Chief Justice of India Deepak Mishra, citing that 47% of the award's content—212 out of 451 paragraphs—was copied verbatim from two prior decisions involving him. The tribunal, which included ex-Madhya Pradesh High Court Justice Krishn Kumar Lahoti and ex-Jammu & Kashmir High Court Chief Justice Gita Mittal, was found to have used these earlier awards as templates without adequate adjustments for differences, raising concerns about potential bias. The case centered on whether a 2017 Indian government notification on minimum wages entitled a consortium of infrastructure companies to additional payments under their contract. Following unsuccessful negotiations, the matter went to arbitration in Singapore, where the tribunal ruled in favor of the consortium. However, the Singapore High Court later determined that principles of natural justice were compromised due to a lack of independent assessment and incorrect application of legal principles.
Published: Apr 10 2025, 1 pmeznews.inTahawwur Rana, a Pakistani-born Canadian national implicated in the 2008 Mumbai terror attacks, is set to be extradited to India, where he will appear before a Delhi court on April 10. The 64-year-old has been charged in a conspiracy case linked to the attacks that claimed 166 lives. In addition to his role in the Mumbai attacks, Rana is associated with a separate plot known as the "Mickey Mouse Project," which aimed to attack the Danish newspaper Jyllands-Posten in retaliation for its controversial cartoons of the Prophet Muhammad. Alongside co-conspirator David Headley, Rana planned a violent assault on the newspaper’s office, targeting key staff members. However, the plot was thwarted when Headley was arrested in 2009, leading to his cooperation with US authorities and revealing details of both the Danish plot and his involvement in the Mumbai attacks.
Published: Apr 10 2025, 1 pmeznews.inChina has called on the United States to "meet halfway" following President Donald Trump's decision to raise tariffs on Chinese goods to 125 percent while pausing tariff hikes on other nations for 90 days, a move that has buoyed global markets. The announcement led to a surge in stock prices across Wall Street, Asia, and Europe, with the S&P 500 jumping nearly 9.5 percent. In response, China's commerce ministry warned that the increased tariffs could severely impact the global economy but reiterated its openness to dialogue. As tensions escalate, Beijing's leadership is reportedly considering additional economic stimulus measures. Meanwhile, Trump expressed confidence in securing trade deals with China and other nations, suggesting that many countries are eager to negotiate. However, he has faced criticism for his aggressive trade tactics, which he claims are necessary to revive American manufacturing.
Published: Apr 10 2025, 2 pmeznews.inUS President Donald Trump has signed an executive order to lift water-pressure restrictions on showerheads, a decision the White House claims will "make America's showers great again." Trump, who has often criticized federal water-conservation regulations for inadequate water pressure, expressed his frustration, saying, "I have to stand under the shower for 15 minutes till it gets wet." The order instructs the Energy Department to reverse regulations limiting flow to 2.5 gallons per minute, which the administration describes as "radical green" policies. Trump's focus on water-pressure standards extends to toilets and dishwashers, reflecting his long-standing grievances about household appliances. However, the Appliance Standards Awareness Project argues that current showerhead standards save consumers money and benefit the environment, asserting that modern models deliver an excellent shower experience.
Published: Apr 10 2025, 11 ameznews.inUS entrepreneur Bryan Johnson, renowned for his age-reversal initiatives, expressed his astonishment at India's air pollution during his first visit in December. In a recent video, he highlighted the alarming air quality, likening breathing the air to smoking multiple cigarettes daily, and questioned why Indian leaders have not declared it a national emergency. Johnson noted the public's apparent indifference, stating, "It's awful, it's like in the middle of a fire," and observed that few people wear masks or use air purifiers. His remarks have sparked varied reactions on social media, with some users urging government action, while others criticized his comments as detrimental to India's image. During his stay, Johnson suffered health issues attributed to the pollution and even walked out of a podcast interview due to poor air quality. Despite these concerns, he praised India's vibrant culture and rich history, expressing gratitude for the warm welcome he received.
Published: Apr 10 2025, 12 pmeznews.inUS President Donald Trump's surprise announcement on Wednesday to pause most reciprocal tariffs for 90 days, while maintaining elevated duties on Chinese imports, triggered a significant stock market rally. This decision came after a previous week's tariff announcement led to a dramatic market downturn, erasing billions in global wealth and causing substantial losses for tech giants. Following the tariff pause, the S&P 500 surged by 9.5%, the Nasdaq Composite experienced its largest one-day gain in 24 years with a 12% increase, and the Dow Jones climbed nearly 8%. Key figures in the tech sector, including Elon Musk, Mark Zuckerberg, and Jeff Bezos, saw substantial gains, with Musk alone adding $35.9 billion to his wealth. Despite this rebound, the world's richest individuals remained down a combined $244.36 billion for the year, highlighting ongoing volatility and concerns, particularly regarding unresolved trade tensions with China.
Published: Apr 10 2025, 12 pmeznews.inA transgender pilot, Jo Ellis, has filed a defamation lawsuit against conservative influencer Matt Wallace, who falsely claimed on social media that she piloted a military helicopter involved in a fatal collision with a passenger jet in Washington in January, resulting in 67 deaths. The lawsuit, filed in Colorado, accuses Wallace of launching a "destructive and irresponsible defamation campaign" that included insinuations of a "trans terror attack" linked to Ellis's mental health. Following the incident, Ellis faced threats and harassment online, prompting her to relocate her family and hire private security. The lawsuit underscores the broader implications of disinformation, particularly for the transgender community amid increasing political hostility. Ellis's case reflects a growing trend of defamation lawsuits aimed at combating misinformation, paralleling high-profile cases like Dominion Voting Systems' settlement with Fox News over false claims about election integrity.
Published: Apr 10 2025, 12 pmeznews.inThe recent stock market turmoil, ignited by President Donald Trump's sweeping tariff announcements, has resulted in a staggering $10 trillion loss across global markets, equivalent to over half the GDP of the European Union, according to Bloomberg. Wall Street experienced unprecedented declines, with the S&P 500 suffering three consecutive drops of 4%, marking its worst performance since World War II. Tech giants, dubbed the "Magnificent Seven," were particularly hard hit, losing a combined $1.6 trillion, with Apple alone shedding over $500 billion. While the U.S. market faced the brunt of the rout, significant financial losses were also reported in Saudi Arabia, Europe, and Asia, affecting major companies like Aramco and Siemens. Following days of volatility, Trump paused most tariffs, leading to a market rebound, although tensions escalated as he raised tariffs on China to 125%, prompting Beijing to retaliate with its own levies.
Published: Apr 10 2025, 12 pm
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