Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Global news also looks at the human cost of ending ‘Maoist rebellion’ & BBC tracks fugitive gangster Goldy Brar, who reveals why he ordered Sidhu Moose Wala’s 2022 killing.
With Trump escalating trade tensions, especially with China, the 90-day moratorium presents a rare opportunity for India to strike while the iron is hot.
He also attacked Centre over foreign policy, saying that while China has taken over 4,000 sq km of Indian territory, foreign secy Misri was cutting a cake with Chinese ambassador.
Foreign Secretary Vikram Misri instead highlighted India’s recent trade liberalisation deals with a number of countries as a part of New Delhi’s push to cut tariffs.
Use of tariffs stems from the urgency to curb rising US trade imbalance. US trade deficit in goods widened to $1.2 trillion in calendar year 2024 from $1.06 trillion in 2023.
Both leaders have vowed to realise the US-India 123 Civil Nuclear Agreement, work to build US-designed nuclear reactors in India through localisation & possible tech transfer.
Trump understands the shock value of his actions and uses it to great effect. He enacted orders focusing on low hanging fruits like immigration, but not China or the Russia-Ukraine war.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While Pakistani authorities have not clarified what intended target was, the incident adds to a troubling pattern of PAF strikes killing civilians, including women and children.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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