Despite this exemption, trade between the US and Russia remains higher than with countries like Mauritius and Brunei, which were included on President Trump's list
From April 9, nearly 60 countries, including those in the EU, will face steeper tariffs. World leaders, including Italy's Giorgia Meloni and Australia's Anthony Albanese condemned Trump's move
The government has set up a control room to monitor the announcements by US President Donald Trump regarding the imposition of reciprocal tariffs against key trading partners including India at 1.30 am (India time), source said. Senior officials from ministries including commerce and industry will be present in the control room for close watch of the announcements, they said. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will turn out to be a 'Liberation Day' for the US. The commerce ministry is working on possible four scenarios to assess the potential fallout of these reciprocal tariffs as there is still an uncertainty over the quantum and manner in which these levies will be imposed. According to trade experts, the duties could be announced either country wise of sector wise or at product level. The domestic industry and exporters have raised concerns over the possible impact of the US' reciprocal tariffs on Indi
US Liberation Day Tariffs Announcements LIVE: Catch all updates related to US President Donald Trump's trade tariffs here
US Secretary of State Marco Rubio travels this week to a gathering of top diplomats from NATO countries and is sure to find allies that are alarmed, angered and confused by the Trump administration's desire to reestablish ties with Russia and its escalating rhetorical attacks on longtime transatlantic partners. Allies are deeply concerned by President Donald Trump's readiness to draw closer to Russian leader Vladimir Putin, who sees NATO as a threat, amid a U.S. effort to broker a ceasefire in Ukraine. Recent White House comments and insults directed at NATO allies Canada and Denmark as well as the military alliance itself have only increased the angst, especially as new US tariffs are taking effect against friends and foes alike. Rubio arrives in Brussels on Thursday for two days of meetings with his NATO counterparts and European officials, and he can expect to be confronted with questions about the future US role in the alliance. For 75 years, NATO has been anchored on American
Danish Prime Minister Mette Frederiksen is travelling to Greenland on Wednesday for a three-day trip aimed at building the trust of Greenlandic officials at a time that the Trump administration is seeking control of the vast Arctic territory. Prime Minister Mette Frederiksen announced plans for her visit after US Vice President JD Vance visited a US air base in Greenland last week and accused Denmark of underinvesting in the territory. Greenland is a mineral-rich, strategically critical island that is becoming more accessible due to climate change. Trump has said that the landmass is critical to U.S. security. It is part of North America but is a semiautonomous territory belonging to the Kingdom of Denmark. Frederiksen is due to meet the incoming Greenlandic leader, Jens-Frederik Nielsen, after an election last month that produced a new government. She is also to meet with the future Naalakkersuisut, the Cabinet, in a visit due to last through Friday. It has my deepest respect how
A federal judge in California on Tuesday ordered the Trump administration to temporarily restore legal aid to tens of thousands of migrant children who are in the United States without a parent or guardian. The Republican administration on March 21 terminated a contract with the Acacia Centre for Justice, which provides legal services for unaccompanied migrant children under 18 through a network of legal aid groups that subcontract with the center. Eleven subcontractor groups sued, saying that 26,000 children were at risk of losing their attorneys; Acacia is not a plaintiff. Those groups argued that the government has an obligation under a 2008 anti-trafficking law to provide vulnerable children with legal counsel. US District Judge Araceli Martnez-Olgun of San Francisco granted a temporary restraining order late Tuesday. She wrote that advocates raised legitimate questions about whether the administration violated the 2008 law, warranting a return to the status quo while the case .
Senate Republicans said they are pushing ahead on President Donald Trump'sbig bill of tax breaks and spending cuts this week, even though they're punting some of the most difficult decisions including the costs and how to pay for the multitrillion-dollar package until later. The Senate GOP's budget framework would be the companion to the House Republicans' $4.5 trillion tax cuts package that also calls for slashing some $2 trillion from health care and other programs. If the Senate can move the blueprint forward, it edges Trump's allies on Capitol Hill closer to a compromise setting the stage for a final product in the weeks ahead. Obviously we are hopeful this week we can get a budget resolution on the floor that will unlock the process, said Senate Majority Leader John Thune, R-S.D. And so we are continuing to move forward with that. While big differences remain, Republicans face increasing political pressure to deliver on what is expected to be Trump's signature domestic policy
The Senate confirmed Matt Whitaker late Tuesday as President Donald Trump's US ambassador to NATO, a crucial emissary to the Western alliance at a time of growing concern about the American commitment abroad. Whitaker, who had served in Trump's first administration at the Justice Department, brings a law enforcement background rather than deep foreign policy or national security ties. He was confirmed by the Senate on a vote of 52-45. During a confirmation hearing, Whitaker assured senators that the Trump administration's commitment to the military alliance was ironclad. Trump has long been skeptical, and often hostile, toward the North Atlantic Treaty Organization, which was formed by the US and other countries in the aftermath of World War II as a deterrent to potential aggression from what was then the Soviet Union. The US commitment has been called into question due to Trump's sharp criticism of European allies and his eagerness to build ties with Russian President Vladimir Put
Anger over the Trump administration's tariffs and rhetoric will likely cause international travel to the US to fall even further than expected this year, an influential travel forecasting company said Tuesday. Tourism Economics said it expects the number of people arriving in the U.S. from abroad to decline by 9.4 per cent this year. That's almost twice the 5 per cent drop the company forecast at the end of February. At the beginning of the year, Tourism Economics predicted a booming year for international travel to the US, with visits up 9 per cent from 2024. But Tourism Economics President Adam Sacks said high-profile lockups of European tourists at the US border in recent weeks have chilled international travellers. Potential visitors have also been angered by tariffs, Trump's stance toward Canada and Greenland, and his heated White House exchange with Ukraine President Volodymyr Zelenskyy. With each policy development, each rhetorical missive, we're just seeing unforced error .
The lack of details so far on the structure, size and targets of the levies have left the world "flying blind" heading into the big announcement day, according to Nomura
Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customised reciprocal plan
With President Donald Trump's so-called Liberation Day of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada. Republicans have watched with some unease as the president's attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump's on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the US over its northern border. It was yet another example of how Trump is not only reorienting global economics, but upending his party's longtime support for ideas like free trade. I really relish giving my Republican colleagues the chance to not just
The Trump administration has halted dozens of research grants at Princeton University, the latest Ivy League school to see its federal money threatened in a pressure campaign targeting the nation's top universities. Princeton was notified this week that several dozen federal grants are being suspended by agencies including the Department of Energy, NASA and the Defense Department, according to a campus message sent Tuesday by Christopher Eisgruber, the university's president. Eisgruber said the rationale was not fully clear but that Princeton will comply with the law. The school is among dozens facing federal investigations into antisemitism following a wave of pro-Palestinian protests last year. "We are committed to fighting antisemitism and all forms of discrimination, and we will cooperate with the government in combating antisemitism," Eisgruber wrote. "Princeton will also vigorously defend academic freedom and the due process rights of this University." As President Donald Tru
Leavitt said President Trump emphasised the importance of maintaining peace in the Taiwan Strait, adding that US encourages peaceful resolution of cross-strait issues
Trump has for weeks put a circle around April 2 as a "Liberation Day" to impose an array of new tariffs that could upend the global trade system, but has provided few details
Trump on April 2 plans to roll out tariffs on global trading partners during an event planned for 4 pm in the White House Rose Garden
The US intends to impose sweeping tariffs on global partners as soon as Wednesday. Trump has said the measures will rectify tariffs as well as non-tariff barriers that he says are unfair
The key risks to the upside in gold, BofA Securities said includes US fiscal consolidation, reduced geopolitical tensions, and a return to collaborative inter-governmental relations
President Donald Trump's executive order seeking to overhaul the nation's elections faced its first legal challenges Monday as the Democratic National Committee and a pair of nonprofits filed two separate lawsuits calling it unconstitutional. The Campaign Legal Center and the State Democracy Defenders Fund brought the first lawsuit Monday afternoon. The DNC, the Democratic Governors Association, and Senate and House Democratic leaders followed soon after with a complaint of their own. Both lawsuits filed in the US District Court for the District of Columbia ask the court to block Trump's order and declare it illegal. The president's executive order is an unlawful action that threatens to uproot our tried-and-tested election systems and silence potentially millions of Americans, said Danielle Lang, senior director of voting rights at the DC-based Campaign Legal Center. It is simply not within the president's authority to set election rules by executive decree, especially when they ..