Saturday, December 06, 2025 | 01:54 AM ISTहिंदी में पढें

Home / India News / News Highlights: India has agreed to cut tariffs way down, says Donald Trump

Live Blog

News Highlights: India has agreed to cut tariffs way down, says Donald Trump

Latest news updates: Catch all the latest news developments from around the world here

BS Web Team New Delhi

Donald Trump, Trump(Photo: Reuters)

I am considering large scale banking sanctions on Russia, says Donald Trump after Moscow ramps up attack. India's high tariffs require a rethinking of its "special relationship" with the United States and should be brought down, US Commerce Secretary Howard Lutnick told India Today television on Friday. The United States is interested in a large and broad-based trade deal with India, Lutnick added. IAF fighter jet crashes in Haryana's Panchkula district, pilot ejects safely, said police. India's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, said Reserve Bank of India.

India and US are in process of advancing discussions on a multi-sector bilateral trade agreement, said MEA. The Supreme Court has stayed an order of the Bombay High Court restraining a Pune-based restaurant from using the name 'Burger King'.

A Seoul court has cancelled the arrest of impeached President Yoon Suk Yeol on Friday, allowing his release. Yoon's lawyers had filed a request to cancel his arrest last month, stating that his detention was unlawful because the prosecution waited too long to indict him. Mumbai terror attack accused Tahawwur Rana has submitted a renewed application to Chief Justice John Roberts seeking a stay of his extradition to India after the US Supreme Court rejected his emergency bid.

The family of former Prime Minister Dr Manmohan Singh has given its consent to the government for his memorial on a 900 sq m plot at the Rashtriya Smriti Sthal, which is a complex of samadhis near Delhi’s Raj Ghat. This comes after a recent visit to the Rashtriya Smriti Sthal by Singh’s family members.

Nearly two months after an explosion sent flaming debris raining down on the Turks and Caicos, SpaceX launched another mammoth Starship rocket on Thursday, but lost contact minutes into the test flight as the spacecraft came tumbling down and broke apart. This time, wreckage from the latest explosion was seen streaming from the skies over Florida. It was not immediately known whether the spacecraft's self-destruct system had kicked in to blow it up. The 403-foot (123-meter) rocket blasted off from Texas. SpaceX caught the first-stage booster back at the pad with giant mechanical arms, but engines on the spacecraft on top started shutting down as it streaked eastward for what was supposed to be a controlled entry over the Indian Ocean, half a world away.

India is a very high tariff nation, US President Donald Trump has said as he reiterated that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2.

"I'll tell you what's a high tariff nation - it's Canada. Canada charges us 250% for our milk product and other products, and a tremendous tariff with lumber and things as such. And yet we don't need their lumber. We have more lumber than they do. We don't need Canada's lumber," Trump said in the Oval Office on Thursday as he signed some executive orders.

11:22 PM

Budget session of Telangana Assembly to begin on Mar 12

The Budget session of the Telangana Legislative Assembly will begin on March 12. Governor Jishnu Dev Varma has summoned the Assembly to convene at 11 am on March 12, an official release said on Friday. The state government is expected to pass a bill increasing reservations for backward classes to 42 per cent during the session.

10:45 PM

India has agreed to cut tariffs way down, says Donald Trump

Indian govt has agreed to cut tariffs way down, said US President Donald Trump.

10:33 PM

US dollar falters after data shows slowing labor market

The US dollar dropped to multi-month lows against the euro and yen on Friday after data showed the labor market in the world's largest economy slowed last month, creating fewer jobs than expected. The report suggested that the Federal Reserve remained on track to cut interest rates multiple times this year. US rate futures on Friday priced in 78 basis points (bps) of easing this year following the nonfarm payrolls report, or about three rate cuts of 25 bps each, according to LSEG calculations. The first rate reduction is likely to resume in June.

9:50 PM

Govt allows exports of broken rice

Govt allows broken rice exports

9:44 PM

US reciprocal tariffs will impose one rate per country, says White House adviser

President Donald Trump's reciprocal tariffs planned for April 2 will impose one rate for each country that will reflect tariffs and non-tariff measures imposed on the U.S., White House trade adviser Peter Navarro told CNBC in an interview on Friday. "The concept here is one number-one number that reflects, in the aggregate, the unfairness embedded in the higher tariffs and non-tariff barriers that countries impose on us," Navarro said, adding that tariff actions will be at the industry level as well as country-specific investigations.

8:33 PM

Odisha tax dept imposes Rs 3.06 crore demand, Rs 31 lakh penalty on CEAT

CEAT says Odisha tax department issues order with Rs 3.06 crore demand, Rs 31 lakh penalty.

8:22 PM

Considering large scale banking sanctions on Russia, says Trump after Moscow ramps up attack

''I am considering large scale banking sanctions on Russia,'' said Donald Trump after Moscow ramps up attack.

7:42 PM

Cong leaders to meet on Monday to chalk out strategy for Parl's Budget session

Senior Congress leaders will meet here on Monday evening to plan the party's strategy during the second part of the Budget session of Parliament. The Congress's parliamentary strategy group will meet on Monday evening to evolve the party's strategy in cornering the government on key issues, sources said.

7:36 PM

India's high tariffs call for rethinking of ties: US commerce secy

India's high tariffs require a rethinking of its "special relationship" with the United States and should be brought down, US Commerce Secretary Howard Lutnick told India Today television on Friday. The United States is interested in a large and broad-based trade deal with India, Lutnick added.

7:19 PM

Telangana CM calls for all-party meet, accuses BJP of 'revenge politics' through delimitation

The BJP is pursuing "revenge politics" against the southern states through the proposed delimitation exercise, Telangana Chief Minister Revanth Reddy alleged on Friday and urged the Centre to convene an all-party meeting to discuss the issue. Speaking at the India Today Conclave in the national capital, Reddy claimed that the BJP wanted to reduce south India's parliamentary representation through the delimitation of parliamentary seats, which would adjust constituencies based on population.

7:11 PM

Defence Ministry seals $248 mn deal for procurement of engines for T-72 tanks

The defence ministry on Friday said it has inked a USD 248 million deal with Russia's Rosoboronexport for the procurement of engines for T-72 tanks. The deal also includes the transfer of technology from the Russian defence major to the state-run Armoured Vehicles Nigam Ltd (heavy vehicle factory) based at Avadi in Chennai.

7:03 PM

Vodafone Idea gets tax order for penalty of Rs 10.79 cr

Vodafone Idea got tax order for penalty of Rs 10.79 crore.

5:55 PM

Donald Trump says he sent letter to Iranian leader to negotiate deal

US President Donald Trump said he wants to negotiate a nuclear weapons program deal with Iran and sent a letter to Iran on Thursday saying he hoped they would negotiate. Trump made the comments in an interview with Fox Business Network broadcast Friday.

5:27 PM