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The current spat between Donald Trump and Elon Musk on trade and tariffs has now come to the open. White House Press Secretary Caroline Leavitt made her first statement on this.
US-China trade war has just gotten a new twist with the White House adding a 104% tariff on April 9 Chinese imports. This is a follow-up of US President Donald Trump who threatened to add a further 50% tariff on China if it increased its 34% tariff on US exports.
China has begun developing its Lhunje airbase close to Arunachal Pradesh, India, at a fast pace. The Chinese Air Force can fly very close to the Indian borders from this airbase. Over the past few years, China has developed some airbases close to the LAC like Hotan, Shigatse and Nari Gunsa. Now the attention is on Lhunje.
US President Donald Trump asserted that there is no inflation, as the world markets tanked after a two-day Wall Street crash. Trump, in a posting on Truth Social, said that oil prices, interest rates, and food costs are low, and the US is collecting billions from ongoing tariffs [1]. Trump's assertion is surprising, as recent global market volatility surged.
The world stock market has dropped significantly after the new tariff policy of US President Trump. In nations such as Australia, Japan, and South Korea, the stock market has dropped by 5-10%. At the same time, Trump's announcement has been released, in which he has termed his move as 'necessary medicine'. Experts opine that there can be a further drop. US President Donald Trump's tariff policy has stirred a global outcry, including the US stock market. Since Trump's move, most countries are experiencing a drop of over 12%.
Saudi Arabia has put visa restrictions on 14 nations including India, Pakistan, Bangladesh. The restriction will remain effective from April 13 till mid-June. This measure has been adopted to facilitate easy conduct of Haj pilgrimage and curtail the number of illegal Haj pilgrims. The government of Saudi Arabia has put new travel restrictions.
The recent tariffs imposed by America have resulted in a massive downfall in international markets. Over 50 nations have gone to the U.S. for trade negotiations, but the U.S. administration has not agreed to alter its policy. The action is also hitting America's friends. International markets have begun falling since the time the U.S. implemented tariffs.
The visit by Israeli Prime Minister Benjamin Netanyahu to the US is to address the Gaza war, US tariffs and hostage release. Netanyahu is sitting with the US President and seeking to decrease the tariffs on Israel. Israeli Prime Minister Benjamin Netanyahu is in the United States today. Netanyahu's visit here after finishing his Hungary tour is going to be the central theme of this visit on war and market crisis.
The stock market of Saudi Arabia witnessed its largest one-day decline in five years, declining close to 7% following the unveiling of fresh US tariffs by President Donald Trump.
Indian Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake will officially inaugurate two of Sri Lanka's key railway development projects, indicating India's interest in enhancing the country's infrastructure as well as the bilateral connection.
The U.S. announced on Saturday that it would cancel all visas issued to holders of South Sudanese passports because of South Sudan's refusal to accept the return of its repatriated nationals, when most in Africa are worried that the country might slip back into civil war.
The Kuwait government has made a special move to check the energy crisis on-going by instructing mosques to shorten the iqamah, the call for prayer, and save water during wudu, the ritual cleansing before praying. The government did this to save electricity and water and ensure optimal utilization of resources.
