US Secretary of State Marco Rubio on Monday agreed to resolve the issue of US military equipment left behind in Afghanistan during the US's complete withdrawal from the Islamic State back in August 2021, after a two-decade-long war, as per a statement by the Ministry of Foreign Affairs of
Amid the turmoil in stock markets and countries making adjustments because of US reciprocal tariffs, Congress leader Rahul Gandhi on Monday said that US President Donald Trump "has blown the lid off the illusion" and India has to build a resilient, production-based economy.
Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.
Sachin Jain, Regional CEO India at World Gold Council (WGC), said the fundamentals of gold as an asset class are "very strong" and will continue to be "very strong" throughout the year. The latest correction was on expected lines post the imposition of Trump's reciprocal tariffs.
Taiwan's President Lai Ching-te delivered remarks regarding the impact of the 32 per cent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. He announced that Taiwan will adopt a five response strategy to deal with these tariffs and
US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, emphasising the financial deficits the US faces with nations like China and the European Union and argued that tariffs are the only solution to these trade imbalances.
On April 2, Trump announced tariffs on countries worldwide. In February, soon after taking charge for the second time, Trump outlined a new trade policy focused on fairness and reciprocity and said that the US would implement reciprocal tariffs, charging other countries the same tariffs they
India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve's ability to lower interest rates further, Fitch Ratings said in a note.
The imposition of high reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report.
After a volatile week post the announcement of reciprocal tariffs by the Trump administration, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.