TRUMP TARIFFS NEWS
IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutions
Global finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geopolitical shocks. Reliance on U.S. leadership for crisis resolution is no longer assured. The IMF and World Bank pledged aid to developing nations. Officials expressed frustration with ongoing economic calamities.
As Iran war strains ties with Trump's US, UK looks to Europe
Britain's government is set to announce legislation next month to move the country closer to the European Union, as the Iran war sours the UK's so-called special relationship with the United States. "When the relationship with the United States is fracturing, it means there's reduced opposition to a closer relationship with the EU among the public," said Aspinall. pdh/jkb/rmb/jhb
US weighs tougher auto import rules to accelerate reshoring
The Donald Trump administration is considering changes to North American trade rules that could raise tariffs on imported vehicles and push automakers to increase US-based production.
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India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedom
The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a move that could tighten global supplies and pressure Indian refiners. US Treasury Secretary Scott Bessent confirmed the decision, saying the temporary licenses for Russian and Iranian crude would not be renewed.
Trump's top aide says US blockade 'squeezing economic life' out of Iran, reiterates anti-nuclear stance
White House Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller said that the United States' naval blockade against Iran in the Persian Gulf is "squeezing the economic life" out of the Islamic Republic, while reiterating Washington's firm opposition to Tehran acquiring nuclear weapons as part of the deal to achieve a complete end to the hostilities in West Asia.
Most Trump tariff refunds facing denial if importers don’t opt in
Most US importers who paid $166 billion in tariffs later struck down by the Supreme Court may miss out on refunds because they have not registered for electronic payments, the government told a court.
Air India asks Tata, Singapore Air for funds after $2.4 billion loss
Air India reported a wider-than-expected annual loss of over ₹220 billion ($2.4 billion) for FY26, driven by multiple disruptions including a fatal aircraft crash, airspace restrictions, and geopolitical tensions. The airline is now seeking fresh funding from its shareholders, including Tata Group and Singapore Airlines, though the final amount is still under discussion.
Trump’s tariff rates could be restored by July, says US Treasury Secretary Scott Bessent
US Treasury Secretary Scott Bessent said tariffs introduced by Donald Trump could return to earlier levels by early July, despite a setback in the US Supreme Court that struck down parts of the policy.
Global Markets | Asian stocks track US rally on Iran peace push
Asian markets opened higher, mirroring Wall Street's positive trend. Hopes for further United States-Iran talks have boosted investor confidence. This optimism is also contributing to a decrease in oil prices. The broader MSCI Asia Pacific Index saw a significant increase. This development suggests a potential easing of global economic pressures.
China calls reports it supplied weapons to Iran 'baseless smears'
China has rejected claims that it is supplying or planning to supply weapons to Iran, calling the reports “baseless smears” after US intelligence leaks and media reports suggested possible military transfers. The denial comes amid renewed trade and security tensions between Beijing and Washington.
Cuba's president warns US against attacking island or trying to depose him
Cuban President Miguel Diaz-Canel stated the U.S. lacks justification for military action or regime change, warning an invasion would be costly and threaten regional security. He asserted Cubans would defend themselves if attacked. Diaz-Canel also accused the U.S. of a "hostile policy" and highlighted Cuba's interest in unconditional dialogue.
US Israel-Iran War Day 44: Iran warns against US pressure over Strait of Hormuz tensions
Israel Iran War Day 44 News: Iran has issued a strong warning against external pressure. This comes amid reports of a US naval blockade order. Peace talks held in Pakistan have reportedly failed. The discussions centered on Iran's nuclear ambitions and access to the Strait of Hormuz. Russia has offered to mediate in the Middle East conflict.
'I could take out Iran in one day': Trump issues stern warning to Tehran after Islamabad talks stall
US President Donald Trump warns Iran of total military devastation. He believes Tehran will eventually accept American demands. Talks in Islamabad concluded without an agreement. US Vice President JD Vance stated Iran chose not to accept US terms. Iran's state broadcaster cited excessive US demands as the reason for the stalemate.
US Republicans block bid to rein in Trump's Iran war powers
House Republicans blocked a Democratic attempt to end U.S. attacks on Iran, continuing to prevent efforts to limit President Trump's war powers. Democrats vow to force war powers votes again after recess, citing Trump's threats and concerns over civilian infrastructure. The move comes amid discussions of impeachment and linking foreign policy to domestic affordability issues.
West Asia War: Iran's Supreme Leader signals ‘new phase’ in Hormuz strategy, vows retaliation but says Iran not seeking war
Iran's Supreme Leader Mojataba Khamenei announced a new phase in managing the Strait of Hormuz. Tehran will seek retribution for attacks on the country. Iran is resolute in taking revenge for its late supreme leader and its martyrs. The nation is not seeking war but will not forfeit its rights. This signals a firm stance on its perceived entitlements.
View: Trump got schooled by Iran. He’ll never learn
Iran war: Donald Trump's actions regarding Iran have led to significant financial costs for American taxpayers and human casualties. His rhetoric and threats have been met with a ceasefire, limiting his options. Trump's approach to foreign policy has been dangerous and unpredictable, with potential for further escalation.
Who is Marilyn Gladu? Conservative lawmaker joins PM Mark Carney’s Liberal Party, strengthening his path toward majority government; all you need to know
Ontario MP Marilyn Gladu has joined Prime Minister Mark Carney's Liberal Party, citing U.S. President Donald Trump's actions as a primary influence. This defection brings the Liberals to the brink of a majority government, needing just one more seat. Gladu, a former Conservative and professional engineer, expressed a desire for strong leadership to navigate economic uncertainties.
Day 1 of 'fragile truce': Iran fires at Gulf nations, Israel strikes Lebanon; fresh violence threatens to scuttle deal
A fragile two-week ceasefire between the United States and Iran has been agreed upon, brokered by Pakistan. This halts a six-week conflict that caused widespread disruption. Despite the truce, Israeli strikes hit Beirut, and Gulf nations faced fresh attacks. Iran's demands include US troop withdrawal and sanctions relief.
US services activity growth cools in March: Survey
March saw a slowdown in the growth of US services, influenced by escalating energy costs associated with ongoing conflicts in the Middle East. Companies faced significant hurdles due to supply chain disruptions and rising prices for vital resources such as oil, fuel, lumber, copper, and steel.
US tariffs on metals and pharma: Which Indian stocks are safe and which aren't: Sudip Bandyopadhyay
Indian equity markets face policy risks from US tariffs and West Asia conflict. These issues impact metals and pharmaceutical sectors. Expert Sudip Bandyopadhyay provides stock-specific insights. Vedanta and NALCO are well-positioned in aluminium. Tata Steel faces uncertainty due to European operations. Sun Pharma and Glenmark are at risk in the pharmaceutical sector due to branded drug exposure.
Trump tariffs hit patented drugs: Jefferies, Nomura explain impact on pharma stocks
The US has slapped up to 100% tariffs on patented drugs, sparing generics and biosimilars but exposing India’s speciality pharma players. Sun Pharma faces the steepest risk, while CDMOs like Sai Lifesciences may see selective impact. Analysts at Jefferies and Nomura expect modest to mid-single-digit earnings pressure.
"Biggest drop in history": Trump credits tariffs for bringing down US trade deficit by 55%
Former President Donald Trump highlighted a substantial decrease in America's trade deficit. He attributed this reduction, along with robust job creation, to his administration's economic policies. Trump also mentioned efforts against Iran. The March jobs report indicated 178,000 new positions, exceeding expectations. The unemployment rate saw a decline.
US returns Chinese drug fugitive in rare extradition: Report
The United States has repatriated a Chinese national suspected of drug smuggling and trafficking to China. This marks a significant development in bilateral cooperation on narcotics control. The handover occurred based on information provided by China's anti-drug authorities. This action precedes a planned visit by U.S. President Donald Trump to China, highlighting ongoing efforts to address the fentanyl crisis.
Pharma calls in sick after Trump’s 100% tariff threat
Pharma stocks fell Thursday after reports of US President Donald Trump mulling 100% tariffs on imported branded and patented medicine makers spooked investors in a weak market.
Tariff threat ain't over yet! Sun Pharma, other pharma stocks plunge up to 6%
Pharma stocks fell after reports that the Trump administration may impose tariffs—potentially up to 100%—on drugmakers not ensuring low prices in the US, raising concerns over costs and supply chains.
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