Al-Burhan had arrived in the kingdom just two days after his troops dealt a significant blow to the paramilitary Rapid Support Forces (RSF), recapturing the capital Khartoum after two years of civil war. Missing from the frame was the United Arab Emirates (UAE), the Gulf power that has backed al-Burhan’s rivals in Sudan’s civil war with arms, mercenaries, and political cover.

The scene captured the essence of a deepening rift between Saudi Arabia and the UAE — once allies in reshaping the Arab world, now architects of competing visions for Sudan and the region.

For two years, Sudan has been enveloped in chaos. The conflict that erupted in April 2023 between the Sudanese Armed forces (SAF) and the RSF, led by General Mohamed Hamdan Dagalo "Hemedti," has inflicted immense suffering: an estimated 150,000 killed, allegations of mass atrocities staining both sides but particularly the RSF in Darfur, 12 million displaced, and over half the population facing acute food insecurity.

Khartoum, once a symbol of confluence, bears deep scars — widespread destruction, looted homes, and streets haunted by the unburied dead. It was against this backdrop of devastation and military gains that al-Burhan made his trip across the Red Sea.

Early in the conflict, Saudi Arabia played a prominent role by facilitating the evacuation of thousands of foreigners via Port Sudan, an effort that garnered significant goodwill. Building on this, and alongside the United States, the kingdom stepped into the role of mediator hosting the Jeddah ceasefire talks in May 2023.

This mediation aligned with Riyadh’s broader strategic pivot toward de-escalation, evident in its rapprochement with Iran and its transformation from aggressor to peacemaker in Yemen. Instability across the Red Sea poses a direct threat to the kingdom’s ambitious Vision 2030 economic overhaul — particularly its crown-jewel projects like NEOM and the Red Sea tourism megaprojects along its western coastline, as well as the Yanbu Terminal expansion, which aims to diversify oil export routes away from the Strait of Hormuz. Such turmoil also risks undermining Saudi Arabia’s critical food security investments in Sudan, where vast agricultural ventures had become a linchpin of bilateral ties.

However, the Jeddah process withered and the commitments signed on paper dissolved under the reality of continued fighting. A subsequent U.S.-led effort in Geneva, pivoting to humanitarian access after the Jeddah talks collapsed, faltered when the SAF boycotted the talks entirely. By 2025, the return of President Donald Trump’s “America First” doctrine gutted what remained of American diplomatic capital. USAID’s funding slashes — which shuttered 77% of Sudan’s emergency food kitchens — not only deepened famine but stripped Washington of a key lever it could use to compel concessions. With the U.S. retreating inward, the vacuum proved irresistible to Saudi Arabia.

The tipping point arrived in February 2025. As the RSF and its allies formalized their charter for a parallel administration in Nairobi, Saudi Arabia, alongside Qatar and Kuwait, issued a firm public rejection. The Saudi Foreign Ministry unequivocally stated its opposition to "any illegitimate steps taken outside Sudan’s official institutions that threaten its unity.”

Al-Burhan’s recent visit to Saudi Arabia and its timing solidified this alignment. The agreement announced by both nations during the visit to establish a “coordination council to strengthen relations” signaled long-term engagement, moving beyond the neutral arbiter role. Crucially, this meeting directly followed a high-level Saudi delegation's visit to Port Sudan days earlier, focused squarely on reconstruction.

While Riyadh actively cultivates the role of regional stabilizer, Abu Dhabi faces mounting scrutiny regarding its alleged role in fueling the RSF’s war effort.

In March 2025, Sudan filed a case at the International Court of Justice, accusing the UAE of violating the Genocide Convention through its alleged military, financial, and political support for the RSF, thereby facilitating atrocities, particularly the ethnic cleansing of the Masalit in West Darfur. While the UAE’s foreign minister dismissed the case as "feeble media maneuvers," the charges echo findings from a U.N. Panel of Experts report, which deemed evidence of UAE arms supplies (including drones and air defenses) to the RSF as "credible."

This alleged support has triggered significant political fallout in Washington. U.S. lawmakers Sen. Chris Van Hollen (D-Md.) and Rep. Sara Jacobs (D-Calif.) publicly confirmed in January, citing administration briefings, that the UAE was indeed arming the RSF, directly contradicting prior assurances it gave the Biden administration. Rep. Gregory Meeks (D-N.Y.), ranking member of the House Foreign Affairs Committee, also placed holds on arms sales to the UAE over its role in Sudan.

The UAE's actions in Sudan appear consistent with a wider regional modus operandi. Abu Dhabi’s playbook involves empowering non-state actors, often with secessionist leanings, to secure access to resources and strategic geography. We see this pattern in Libya with its backing of Khalifa Haftar, and in Yemen through its enduring support for the Southern Transitional Council (STC), whose push for independence directly counters Saudi efforts to maintain Yemeni unity under the Presidential Leadership Council (PLC).

Somalia offers another vivid example, where the UAE circumvented Mogadishu to directly arm and fund regional entities like Puntland (reportedly using its Bosaso base for RSF resupply), Somaliland, and Jubaland, thereby fragmenting the country while securing coastal footholds. The announcement of the RSF's parallel government in Nairobi last month seemed a direct application of these tactics. The UAE finalized a $1.5 billion loan to Kenya the same week, prompting speculation that its influence played a role in Nairobi hosting the event.

The widening gulf over Sudan, therefore, is not an isolated disagreement but symptomatic of a deeper strategic divergence between Riyadh and Abu Dhabi. Where they once coordinated closely, particularly in countering the perceived threat of the Muslim Brotherhood and attempting to reshape the GCC during the Qatar blockade, their paths now diverge sharply.

Economically, they compete fiercely, with Saudi Arabia challenging Dubai's business hub status through policies requiring regional HQs in Riyadh and launching rival mega-projects. Within OPEC+, tensions have simmered between the two over production quotas, reflecting differing priorities and misaligned projections on the proximity of the decarbonized future. Even maritime borders near the Yasat Islands has become a point of contention, with Riyadh lodging complaints at the U.N. against Abu Dhabi's unilateral demarcation of the potentially oil-rich area.

This rivalry now spills into the public domain via social media. Recent online clashes saw well-known and widely followed Saudi commentators brand Emirati counterparts as "outcasts," describing them as being "hated by Arabs and Muslims." In tightly controlled media environments, such sharp exchanges often reflect official displeasure.

Ultimately, Sudan is paying the price for this fractured Gulf relationship. Saudi Arabia, driven by its Vision 2030 imperatives and a desire to reassert regional leadership through stability and state institutions, has placed its bet on the SAF. The UAE, focused on resource access and countering perceived ideological threats, continues its alleged support for the RSF despite the mounting condemnation.

As long as the rivalry persists, Sudan will remain tragically caught in the crossfire, its future held hostage by a geopolitical struggle reshaping the contours of power across the region.

Regulators in Beijing have been told in recent weeks to hold back on granting approvals for Chinese companies wishing to invest in the US, Bloomberg News reported.

The move is intended to give China more leverage in upcoming negotiations with the Trump administration, according to the outlet.President Trump is scheduled to flesh out his plan to impose far-reaching tariffs during a news conference from the White House Rose Garden on Wednesday at 4 p.m.Chinese companies invested $6.9 billion in the US in 2023, according to figures cited by Bloomberg News.

The move to curtail Chinese investments most likely will not affect existing commitments from firms in the mainland nor will it impact Chinese purchases and holdings of US Treasuries and other financial instruments, sources told Bloomberg.

The Post has sought comment from the Chinese government and the White House.

Last week, Chinese regulators delayed the $23 billion sale of dozens of ports worldwide — including two key ports in the Panama Canal — to a group led by US asset manager BlackRock.

CK Hutchison, the Hong Kong-based conglomerate controlled by 96-year-old billionaire Li Ka-shing, announced plans earlier this month to sell 43 port facilities globally — including critical ports at both ends of the Panama Canal and near the Suez Canal — for approximately $22.8 billion.

 

China is gearing up for a trade war as President Trump is due to roll out tariffs later on Wednesday afternoon. 

But China’s State Administration for Market Regulation unexpectedly initiated an investigation on Friday into potential violations of Chinese anti-monopoly laws, effectively stalling the deal.

Control of ports in the Panama Canal has become a geopolitical hot potato ever since Trump announced his intent to reassert American dominance over the strategic waterway.

Chinese President Xi Jinping was reportedly “angry” over CK Hutchison’s sale of its Panama Canal port operations — particularly because the company did not consult Beijing beforehand, according to the Wall Street Journal.

Last month, Trump raised tariffs on Chinese products to 20% while hitting imports from Canada and Mexico with 25% levies.

Beijing retaliated with tariffs of up to 15% on a wide array of US farm exports.

It also expanded the number of US companies subject to export controls and other restrictions by about two dozen.

“If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,” China’s embassy to the United States posted on X.

Khan is the founder of the Pakistan Tehreek-e-Insaf (PTI) party and has been incarcerated since August 2023. The advocacy group, Partiet Sentrum, has nominated Khan for this honor. "We are pleased to announce on behalf of Partiet Sentrum that in alliance with somebody with the right to nominate, we have nominated Imran Khan, the former prime minister of Pakistan, to the Nobel Peace Prize for his work with human rights and democracy in Pakistan," the group wrote on X.This is not the first time Imran Khan has been nominated for a Nobel Peace Prize; he was first nominated in 2019.

In January this year, Khan was sentenced to 14 years in prison in a case regarding corruption. It was the fourth major case in which Khan was convicted; the three earlier cases about selling state gifts, unlawful marriage, and leaking state secrets were suspended by the courts in Pakistan. 

Imran Khan denies all charges against him, maintaining that they are all politically motivated. 

The announcement, which Trump branded as  "Liberation Day," aims to counter what he calls years of unfair trade practices. However, economists warn the move could spark a global trade war and weaken the economy.

He is once again upending global trade with a sweeping tariff plan aimed at rewriting the economic order. His administration’s latest move—dubbed "reciprocal tariffs"—seeks to impose levies mirroring those placed on American goods by foreign countries. While the White House frames the policy as a push for fairness, critics warn it could escalate into a full-scale trade war.

Trump is set to unveil what he calls "Liberation Day," declaring an end to what he sees as decades of trade "injustice" against the US. His plan includes a fresh 20% tariff on imported automobiles, effective Thursday. This comes on top of billions in tariffs already slapped on steel, aluminum, and other imports since he returned to office in January.

The administration is also eyeing targeted tariffs against a group of nations Trump has branded the "Dirty 15"—countries he claims have exploited open US markets while shielding their own industries with protectionist policies.

White House trade adviser Peter Navarro has suggested that the new tariffs would raise $600 billion annually, which would be the largest tax increase since World War II. Treasury Secretary Scott Bessent told lawmakers that the tariffs would be capped and could be negotiated downward by other countries, according to the office of Rep. Kevin Hern, R-Okla. But the White House has yet to confirm policy details, despite Trump saying on Monday that he had made his decision.

Trump would single-handedly be applying these tariffs, since he has ways of legally doing so without congressional approval. That makes it easy for Democratic lawmakers and policymakers to criticize the Republican administration, if the uncertainty expressed by businesses and declining consumer sentiment are, in fact, signs of trouble to come.

02:15 (IST) Apr 03

Trump Tariffs News Live: Here's the country-by-country list of new tariffs announced by Trump

China - 34%

European Union - 20%

Japan - 24%

South Korea - 25%

Switzerland - 31%

United Kingdom - 10%

Taiwan - 32%

Malaysia - 24%

India - 26%

Brazil - 10%

Indonesia - 32%

Vietnam - 46%

Singapore - 10%

Ukraine - 10%

Venezuela - 15%

-Sources

02:03 (IST) Apr 03

Trump Tariffs News Live: Trump announces 26% 'discounted' reciprocal tariffs on India

US President Donald Trump announced 26% 'discounted' reciprocal tariffs on India.

 

02:00 (IST) Apr 03

Trump Tariffs News Live: In 'Liberation day' address, Trump says new tariffs a 'declaration of economic independence'

“For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now it’s our turn to prosper,” US President Donald Trump said.

 

01:52 (IST) Apr 03

Trump Tariffs News Live: Donald Trump says April 2 will be remembered as the day American industry was reborn

Speaking at the Make America Wealthy Again event, US President Donald Trump said, "My fellow Americans, this is Liberation Day, waiting for a long time. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed and the day that we began to make America wealthy again. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike. American steelworkers, auto workers, farmers and skilled craftsmen, they really suffered gravely. They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once beautiful American dream. Our country and its tax payers have been ripped off for more than 50 years, but it is not going to happen anymore."

 

01:48 (IST) Apr 03

Trump Tariffs News Live: Trump says signing order for reciprocal tariffs 'throughout the world'

US President Donald Trump called today "one of the most important days" in American history as he prepares to sign an order imposing reciprocal tariffs on multiple nations.

"This is our declaration of economic independence," Trump said during a Rose Garden event unveiling the new policies.

1:44 (IST) Apr 03

Trump Tariffs News Live: Trump begins 'Liberation day' address in White House

President Donald Trump is addressing the nation from the White House Rose Garden, outlining his "Liberation Day" plans, during which he is set to unveil new tariffs on US trading partners.

 

01:30 (IST) Apr 03

Trump Tariffs News Live: UAW backs Trump’s auto tariffs, critics warn of economic fallout

The United Autoworkers (UAW) union has thrown its support behind US President Donald Trump’s auto tariffs, arguing they could help reverse years of job losses to Mexico and Canada. “We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working-class communities for decades,” the UAW said in a statement last week.

While free trade has traditionally lowered costs for American consumers, it has also led to factory closures and job losses in manufacturing-heavy regions. Tariffs, in some cases, can protect national security, prevent unfair trade practices, and support domestic industries. However, they can also backfire, especially when applied broadly.

Trump’s proposed tariffs would impact trillions of dollars in goods, forcing businesses to consider reshoring production—an expensive and time-consuming process. Connecticut Senator Chris Murphy acknowledged tariffs can work but called Trump’s approach reckless. “He is applying tariffs with absolutely no corresponding domestic industrial incentives,” Murphy told CNN. “And thus, all that’s going to happen here is prices are going to go way up.”

 

01:17 (IST) Apr 03

Trump Tariffs News Live: Wall Street swings as markets brace for tariffs announcement

US stock markets have seen another turbulent day as investors await US President Donald Trump’s expected tariff announcement. While stocks climbed earlier in the day, they later retreated from their highs, though they remained in positive territory.

The Dow Jones Industrial Average was up by 97 points (0.23%), while the S&P 500 gained 0.26%. The Nasdaq Composite, which has a heavy focus on tech stocks, increased by 0.4%. The Dow surged nearly 400 points in early afternoon trading before pulling back but managed to stay in the green.

Markets have been volatile in the lead-up to Trump’s 4 pm ET announcement, with investors uncertain about the impact of new tariffs. Some analysts believe the stock declines may have been exaggerated. “This may be one of those cases where the bark is worse than the bite,” said Jamie Cox of Harris Financial Group.

The markets close at 4 pm ET, but stock futures trading will continue, giving investors a chance to react to Trump’s decision. “Investors are concerned about the risks to the economy,” said JoAnne Bianco of BondBloxx, adding that the market is eager for more clarity on the administration’s trade policy.

 

01:02 (IST) Apr 03

Trump Tariffs News Live: Democrat leader Schumer blasts Trump’s tariffs, warns of ‘chaotic trade war’

Senate minority leader Chuck Schumer has vowed that Democrats will “fight these tariffs tooth and nail” as US President Donald Trump prepares to unveil his latest trade measures.

Speaking at a news conference, Schumer warned that the tariffs would hit American families the hardest, estimating they would pay over $5,000 more annually due to higher costs on goods. He accused Trump of using tariff revenue to fund tax cuts for billionaires and predicted that the move would lead to a “crazy, chaotic trade war” and a potential recession.

Schumer also slammed Trump’s unpredictability on trade, saying his shifting policies were creating market instability. “Businesses hate uncertainty,” he said, accusing the president of changing tariff targets and rates at random.

 

Trump Tariffs News Live: Canada vows to defend workers against US tariffs

As US President Donald Trump prepares to announce new tariffs, Canadian officials are vowing to protect workers and push back against the US.

Taylor Bachrach, a member of Canada’s parliament, said the country is united in its commitment to defend industries like softwood lumber, which heavily relies on exports to the US. Speaking from British Columbia, Bachrach acknowledged growing concerns among workers about the economic fallout of Trump’s tariff policies, reported CNN.

Canada has already signaled possible retaliatory measures. While details remain unclear, Bachrach stressed that any response would aim to strike the US economy while minimizing harm to Canadian jobs. He described the situation as a “critical moment” in US-Canada relations, forcing a reassessment of economic ties between the two long-time allies.

 

00:29 (IST) Apr 03

Trump Tariffs News Live: Trump’s trade gamble could hit American wallets hard

US President Donald Trump’s most aggressive attempt yet to reshape global trade could have a direct impact on everyday Americans, potentially driving up prices at a time when household budgets are already stretched.

As per CNN, Trump’s strategy hinges on imposing tariffs to pressure companies into moving manufacturing and supply chains back to the United States, aiming to create jobs and revive struggling regions. However, this approach comes with risks—tariffs are likely to raise costs for consumers, and there is no certainty that businesses will relocate operations, given the long-term investment required.

If Trump proceeds, he will be making a major political gamble, banking on future economic gains while forcing short-term sacrifices. Yet, he appears unfazed by the potential fallout, even as concerns grow over inflation and the cost of living, according to CNN.

 

00:10 (IST) Apr 03

Trump Tariffs News Live: Republican Senators caution against immediate economic fallout of Trump’s tariffs

As US President Donald Trump prepares to announce the details of his aggressive tariff policy, Republican senators have expressed concern about its short-term economic effects, even as they back his broader trade vision.

Senator John Kennedy acknowledged Trump’s push to encourage foreign businesses to relocate to the US but warned that immediate economic consequences must be considered. “In the long run, we’re all dead. The short run matters, too,” he told CNN, adding that predictions about the impact of tariffs range from economic catastrophe to minimal disruption.

With Trump set to unveil his “Liberation Day” trade plan at 4 pm ET, speculation surrounds the scope of the levies, which could include 25% tariffs on Mexico and Canada, as well as duties on lumber, pharmaceuticals, and microchips.

Kennedy cautioned that, in a worst-case scenario, tariffs could push up inflation and interest rates, slowing the economy into a recession. Meanwhile, Senator Shelley Moore Capito voiced support for fairer trade deals but admitted concerns over rising consumer prices, particularly for groceries and cars.

 

23:51 (IST) Apr 02

Trump Tariffs News Live: White House aide claims tariffs will raise $6 trillion

White House aide Peter Navarro has claimed that US President Donald Trump’s tariffs will generate $6 trillion in revenue over the next decade, which would be the largest tax increase in US history. Adjusted for inflation, this figure would be three times the tax hike imposed in 1942 to fund World War II.

Navarro, Trump’s senior counselor for trade and manufacturing, rejected the notion that tariffs act as a tax increase, instead calling them a tax cut that benefits American workers and strengthens national security. “Tariffs are great for America. They will make America great again,” he said on Fox News Sunday.

However, most economists argue that tariffs function as a tax on American businesses and consumers, leading to higher prices rather than forcing foreign governments or companies to bear the cost.

 

 

23:36 (IST) Apr 02

Trump Tariffs News Live: Democrat leader Hakeem Jeffries slams Trump’s tariff plan, calls it ‘Recession Day’

House minority leader Hakeem Jeffries criticised Donald Trump's plan to announce new reciprocal tariffs, rejecting US president’s branding of the day as “liberation day.”

“This is not liberation day. It’s recession day in the United States of America,” Jeffries told reporters, arguing that the tariffs would hurt the economy. He blamed Trump’s policies for economic instability, claiming the downturn began on January 20 of this year.

With Democrats holding a minority in both the Senate and the House, their ability to counter Trump’s trade agenda remains limited.

 

23:28 (IST) Apr 02

Trump Tariffs News Live: US manufacturing contracts in March amid tariff uncertainty

US manufacturing activity declined in March, reversing two months of expansion, as firms dealt with uncertainty over President Donald Trump’s tariff plans, according to survey data released Tuesday.

The Institute for Supply Management (ISM) manufacturing index fell to 49.0 percent, down from 50.3 in February, indicating contraction. The drop was below market expectations of 49.8 percent.

“US manufacturing slipped into contraction after marginal growth in February,” ISM survey chief Timothy Fiore said. He noted that demand and production declined, and job cuts continued as companies reacted to uncertainty. Price growth also accelerated due to tariffs.

Firms reported delays in new orders and supply chain disruptions. A respondent in the computer and electronics sector cited customer concerns over tariffs, while another in the machinery sector said business conditions were “deteriorating at a fast pace.”

Trump is set to announce reciprocal tariffs at 3:00 pm Washington time (1900 GMT) on Wednesday, which he has called “liberation day.” Economists warn that if the tariffs are imposed as expected, US industrial activity could decline sharply.

 

23:21 (IST) Apr 02

Donald Trump's reciprocal tariffs: Goldman Sachs raises US recession odds to 35%

Goldman Sachs has increased the likelihood of a US recession to 35% over the next 12 months, up from its previous estimate of 20%, as rising tariffs threaten economic stability.

The Wall Street bank also revised its economic outlook, cutting its 2025 GDP growth forecast to just 1% while raising its year-end unemployment projection to 4.5%.

The bank attributes this shift to declining consumer and business confidence, as well as White House policies that appear willing to accept short-term economic strain. While Goldman still believes the US may avoid a full recession, its revised projection marks the highest risk estimate since the banking crisis two years ago.

 

23:21 (IST) Apr 02

Trump Tariffs News Live: US manufacturing contracts in March amid tariff uncertainty

US manufacturing activity declined in March, reversing two months of expansion, as firms dealt with uncertainty over President Donald Trump’s tariff plans, according to survey data released Tuesday.

The Institute for Supply Management (ISM) manufacturing index fell to 49.0 percent, down from 50.3 in February, indicating contraction. The drop was below market expectations of 49.8 percent.

“US manufacturing slipped into contraction after marginal growth in February,” ISM survey chief Timothy Fiore said. He noted that demand and production declined, and job cuts continued as companies reacted to uncertainty. Price growth also accelerated due to tariffs.

Firms reported delays in new orders and supply chain disruptions. A respondent in the computer and electronics sector cited customer concerns over tariffs, while another in the machinery sector said business conditions were “deteriorating at a fast pace.”

Trump is set to announce reciprocal tariffs at 3:00 pm Washington time (1900 GMT) on Wednesday, which he has called “liberation day.” Economists warn that if the tariffs are imposed as expected, US industrial activity could decline sharply.

 

 

23:07 (IST) Apr 02

Donald Trump's reciprocal tariffs: What you need to know and other frequently asked questions (FAQs)

Donald Trump is set to announce sweeping new tariffs, branding them as "Liberation Day" measures aimed at reshaping global trade. The move has sparked concerns over economic fallout, with key US trading partners warning of retaliatory actions. Trump’s tariffs, expected to be revealed at a White House ceremony, come as part of his long-standing push for what he calls reciprocal trade. The president argues that the US has been taken advantage of by both allies and rivals and that these tariffs will restore fairness. However, critics warn that they could harm American consumers and businesses while triggering a trade war.

Read full story

 

22:55 (IST) Apr 02

Trump’s tariff gamble: Economic revival or trade war risk?

US President Donald Trump is doubling down on tariffs, arguing they will revive American manufacturing and boost government revenue. Critics warn they could fuel inflation and trigger a damaging trade war. Tariffs are fees on imported goods, paid by businesses bringing products into the country. Companies either absorb the costs, pass them to consumers, or seek alternatives. Tariffs generate government revenue and protect domestic industries by making foreign goods more expensive.

 

22:30 (IST) Apr 02

Trump tariff news: French Central Bank chief: US tariffs won't derail Europe's inflation drop

French central bank governor François Villeroy de Galhau said Wednesday that US tariffs expected from President Donald Trump will not significantly impact Europe’s disinflation process or the European Central Bank’s (ECB) plans for further rate cuts.

Speaking to Midi Libre, de Galhau noted that eurozone inflation had fallen to 2.2% in March, nearing the ECB’s 2% target. He emphasized that the eurozone was “winning the battle” against inflation, suggesting this progress could allow for additional rate cuts.

While concerns persist over how US trade policies and German spending plans might affect inflation, de Galhau said the ECB's April decision would depend on fresh data. He expressed confidence that ongoing disinflation would provide a strong foundation for economic stability.

The extent of Trump's tariffs and their targets remained unclear ahead of his announcement scheduled for 2000 GMT Wednesday.

 

22:10 (IST) Apr 02

Trump tariff news: Trump pressures senate GOP to oppose tariff resolution as Canada trade fight escalates

Senate Republicans are facing mounting pressure from former President Donald Trump to oppose a Democratic resolution that would nullify his emergency declaration on fentanyl—an authority he is using to justify tariffs on Canada.

Just hours before unveiling his “Liberation Day” trade plan targeting China, Mexico, and Canada, Trump called out four Republican senators—Lisa Murkowski, Susan Collins, Mitch McConnell, and Rand Paul—urging them to reject what he called the Democrats’ “wild” push to shield Canada from penalties.

 

 

21:40 (IST) Apr 02

Trump Tariff Announcement Live: UK won’t ‘rush into action’ over US tariffs as post-Brexit trade deal hangs in balance

Britain's finance minister Rachel Reeves said the UK would take a measured approach to impending US tariffs, prioritizing a post-Brexit trade deal with Washington over immediate retaliation.

"The prize on offer is a good economic agreement between us and the United States, we won't do anything to put that in jeopardy," Reeves told a parliamentary committee.

She confirmed ongoing discussions with the EU and other nations on an "appropriate response" but dismissed any retaliatory measures that could be seen as "posturing." The UK is also considering scrapping its £800 million ($1 billion) digital tax on tech giants to ease tensions and secure a deal.

The US is Britain's largest single-country trading partner, and the UK’s budget watchdog estimates that tariffs of up to 20% could shrink GDP by 0.6% in 2026-27.

 

21:39 (IST) Apr 02

Trump tariff news: US reciprocal tariffs may hit Indian exports across key sectors, experts warn

Experts warn that U.S. reciprocal tariffs could significantly impact Indian exports across sectors, including agriculture, pharmaceuticals, machinery, and electronics, due to high tariff differentials.

The tariff gap—representing the difference between U.S. and Indian import duties—varies widely: 27.83% for seafood, 13.3% for jewellery, 10.9% for pharmaceuticals, and 7.2% for electronics. Shrimp exports, which account for 40% of India’s seafood shipments to the U.S., could be severely affected.

"Already our exports face anti-dumping and countervailing duties in the U.S. The additional hike will make us uncompetitive," said seafood exporter Yogesh Gupta.

Pharmaceuticals, India’s largest industrial export at $12.72 billion, could see higher costs for generic drugs. Jewellery exports ($11.88 billion) may lose competitiveness, while machinery and electronics face 5-7% tariff hikes.

Ajay Srivastava of the Global Trade Research Initiative (GTRI) noted that dairy exports, worth $181 million, face a 38.23% tariff gap, which could drive up prices for ghee, butter, and milk powder.

Reciprocal tariffs, set to be announced Thursday as part of Trump’s “Liberation Day” move, may also factor in non-tariff barriers and currency impacts, adding to trade uncertainty.

 

21:23 (IST) Apr 02

Trump Tariffs News Live: Control room to monitor Trump's tariff announcements, say sources

The Indian government has set up a control room to closely monitor U.S. President Donald Trump’s announcement on reciprocal tariffs, scheduled for 1:30 AM IST, sources said. Senior officials from key ministries, including commerce and industry, will be present to assess potential implications for India’s trade.

India braces for possible scenarios
The commerce ministry is preparing for four possible tariff scenarios, given uncertainty over how the U.S. will impose the duties—whether by country, sector, or product. With the U.S. being India’s largest trading partner, domestic exporters are concerned that higher tariffs could make Indian goods uncompetitive in global markets.

However, there is hope that ongoing India-U.S. trade negotiations might lead to a more favorable outcome. Both nations aim to finalize the first phase of a bilateral trade deal by late 2025 and have set a target to more than double bilateral trade to $500 billion by 2030.

Tariff gap between India and the US
According to the U.S. Trade Representative’s 2025 National Trade Estimate Report, American exports to India face significantly higher tariffs than Indian goods entering the U.S.

U.S. goods face an average tariff of 7.7% in India, while Indian exports to the U.S. attract only 2.8%.

Indian farm exports to the U.S. face a 5.3% duty, while U.S. farm exports to India face a much steeper 37.7%.

With trade tensions rising, India’s response will depend on Trump’s final tariff announcement.

 

21:21 (IST) Apr 02

Donald Trump set to announce reciprocal tariffs: How countries have reacted so far

US President Donald Trump is set to unveil sweeping tariffs, branding the move as “Liberation Day.” The decision has triggered sharp responses from global trade partners, with key economies preparing to retaliate.

Europe’s response: Retaliation looms
German Chancellor Olaf Scholz vowed the European Union would react “clearly and decisively” but left room for dialogue. European Commission President Ursula von der Leyen warned that while the EU prefers cooperation, it has a “strong plan” for retaliation. The EU has already imposed tariffs on $28 billion worth of U.S. exports, including bourbon and motorcycles.

Germany, a major auto exporter, faces a direct hit from Trump’s proposed 25% tariff on car imports. Finance Minister Joerg Kukies recently visited Washington to discuss countermeasures. Meanwhile, Italian Prime Minister Giorgia Meloni urged diplomacy, warning that tariffs could hurt Italian exports.

Asia’s unified front
China, Japan, and South Korea held their first high-level trade talks in five years, pledging to strengthen free trade. South Korea’s Industry Minister Ahn Duk-geun stressed the need for a “predictable trade environment.” Chinese official Wang Liping condemned “unilateralism and protectionism,” warning of risks to global stability.

North America: Retaliation in motion
Canadian Prime Minister Mark Carney informed Trump that Canada would impose retaliatory tariffs if the U.S. proceeds. Mexico’s President Claudia Sheinbaum also signaled countermeasures but left room for negotiations.

Impact on US economy
Economists warn that retaliatory tariffs could cost the U.S. over $100 billion, slashing GDP by 0.4%. Retailers are bracing for higher costs. Best Buy CEO Corie Barry emphasized global trade’s importance, while Target CEO Brian Cornell warned of “meaningful pressure” on profits.

With uncertainty looming, markets remain volatile as Trump’s announcement approaches.

 

 

20:56 (IST) Apr 02

Stock market today: Wall Street swings in final hours of trading before Trump's tariff announcement

US stocks are swinging again Wednesday in the final hours before President Donald Trump unveils the tariffs he promised as part of his “ Liberation Day ” that could drastically remake the global economy and trade.

The S&P 500 was flat in morning trading after roaring back from an early loss of 1.1%. It’s had a pattern this week of opening with sharp drops only to finish the day higher. The Dow Jones Industrial Average was up 28 points, or 0.1%, after erasing an initial drop of 360 points. The Nasdaq composite was 0.1% lower, as of 10:35 a.m. Eastern time.

Financial markets around the world have been particularly shaky lately because of all the uncertainty around what Trump will announce in the event scheduled to begin after the U.S. stock market closes for the day. He has said he wants tariffs to make the global system more fair and to bring manufacturing jobs back to the United States from other countries.

But tariffs also threaten to grind down growth for the U.S. and other economies around the world, while worsening inflation when it seems to be remaining stubbornly higher than the Federal Reserve’s 2% target. Much is still unknown about what Trump will say, including how big the tariffs will be, which countries will be hit and what kinds of products will be targeted.

 

20:42 (IST) Apr 02

Trump tariff news: Trump to unveil sweeping ‘Liberation Day’ tariffs, sparking global economic uncertainty

Trump will unveil the tariffs at a White House event scheduled for 4:00 p.m. (2000 GMT), flanked by cabinet members. While the administration remains tight-lipped on specifics, the measures are expected to expand recent tariffs on auto imports, steel, aluminum, and a range of goods from China, Canada, and Mexico. Additional levies on pharmaceuticals, lumber, copper, and computer chips are also anticipated.

"April 2, 2025, will go down as one of the most important days in modern American history," said White House press secretary Karoline Leavitt on Tuesday, adding that the tariffs will take effect immediately.

 

20:35 (IST) Apr 02

Donald Trump's 'liberation day': What are reciprocal tariffs, and who pays them?

Reciprocal tariffs are import taxes imposed on foreign goods to match the tariffs those countries place on American exports. Trump has long insisted that foreign nations bear the cost of these levies, but in reality, importers—mostly US companies—pay them. These costs are typically passed on to consumers in the form of higher prices.

Tariffs are intended to protect domestic industries by making imported goods more expensive, thus encouraging local production. However, they often provoke retaliation. The European Union, for example, responded to Trump’s previous tariffs on steel and aluminium by imposing taxes on US products, including bourbon and motorcycles. China, too, has targeted American exports like soybeans and pork.

 

20:17 (IST) Apr 02

Trump tariff news: US reciprocal tariffs may hit Indian exports across key sectors, experts warn

Experts warn that US reciprocal tariffs could significantly impact Indian exports across sectors, including agriculture, pharmaceuticals, machinery, and electronics, due to high tariff differentials.

The tariff gap—representing the difference between U.S. and Indian import duties—varies widely: 27.83% for seafood, 13.3% for jewellery, 10.9% for pharmaceuticals, and 7.2% for electronics. Shrimp exports, which account for 40% of India’s seafood shipments to the U.S., could be severely affected.

"Already our exports face anti-dumping and countervailing duties in the U.S. The additional hike will make us uncompetitive," said seafood exporter Yogesh Gupta.

Pharmaceuticals, India’s largest industrial export at $12.72 billion, could see higher costs for generic drugs. Jewellery exports ($11.88 billion) may lose competitiveness, while machinery and electronics face 5-7% tariff hikes.

Ajay Srivastava of the Global Trade Research Initiative (GTRI) noted that dairy exports, worth $181 million, face a 38.23% tariff gap, which could drive up prices for ghee, butter, and milk powder.

Reciprocal tariffs, set to be announced Thursday as part of Trump’s “Liberation Day” move, may also factor in non-tariff barriers and currency impacts, adding to trade uncertainty.

 

 

20:10 (IST) Apr 02

Trump tariff news: Global markets tumble ahead of Trump's 'Liberation Day' tariff unveiling

Stock markets in the U.S. and Europe fell Wednesday as investors braced for President Donald Trump’s announcement of fresh tariffs, which could spark a global trade war.

The Dow Jones, Nasdaq, and S&P 500 opened lower, mirroring losses in Frankfurt and other European indices. Oil and the dollar also dipped, while gold—seen as a safe-haven asset—neared record highs.

"For traders and investors, today represents a day of huge uncertainty," said Joshua Mahony, an analyst at Scope Markets.

Trump, who has been teasing the tariffs for weeks, is set to unveil them at 4:00 p.m. in Washington (2000 GMT), after Wall Street closes. Options reportedly range from reciprocal levies to a blanket 20% tariff, with potential exemptions for some nations. The announcement follows last week's sweeping 25% auto tariffs, set to take effect Thursday.

Tesla shares sank 5% after reporting a 13% drop in first-quarter sales, attributed to factory upgrades and customer hesitation over CEO Elon Musk’s ties to the Trump administration.

Economists warn the tariffs could slow global growth and drive inflation, reducing the likelihood of further interest rate cuts. Several countries have already threatened retaliatory measures, adding to market jitters.

 

19:43 (IST) Apr 02

Trump Tariffs Live: Indian exporters on edge as US tariff announcement looms

Indian exporters are deeply concerned about potential reciprocal tariffs from the U.S., which could hit micro, small, and medium enterprises (MSMEs) hard, Federation of Indian Export Organisations (FIEO) President S.C. Ralhan said on Wednesday. He urged the government to step in and support exporters as they brace for the impact.

"Reciprocal tariffs in the range of 10% are manageable, but anything beyond that will have serious implications, particularly for MSMEs. These duties will have a short-term impact on India’s exports to the U.S. as both countries negotiate a bilateral trade agreement," Ralhan told PTI.

Sectors such as agriculture, precious stones, chemicals, pharmaceuticals, medical devices, electricals, and machinery could be affected if the U.S. imposes tariffs on Indian goods. Uncertainty over import duties has already led American buyers to hold back orders, he added.

President Donald Trump has framed the tariff move as a "Liberation Day" for the U.S., with the announcement expected early Thursday (India time).

Exporters warn that higher tariffs would lead to production cuts, job losses, and shrinking profit margins in Indian factories. Ralhan estimates India's goods exports for 2024-25 to be in the range of $435-440 billion, compared to $437 billion in 2023-24. The final data will be released by the commerce ministry on April 15.

Ralhan, who has over five decades of experience in exports, including in the engineering and hand tools industry, emphasized that the real impact of the tariffs could start showing in India's trade data for the first quarter of 2025-26.

 

19:35 (IST) Apr 02

Trump Tariff Announcement Live: US stocks slip ahead of Trump’s ‘Liberation Day’ tariff announcement

US stocks fell on Wednesday as investors braced for President Donald Trump’s tariff announcement, which he has called “Liberation Day.” The move could significantly reshape global trade and the economy.

The S&P 500 dropped 0.9% in early trading, while the Dow Jones Industrial Average fell 220 points. The Nasdaq composite saw a sharper decline, slipping 1.4%.

Markets have been volatile throughout the week, often opening with losses but recovering by the day’s end. The uncertainty surrounding Trump’s tariff plans has added to the turbulence, with investors waiting to see the full scope of the new trade measures.

Read full story

 

19:09 (IST) Apr 02

What are reciprocal tariffs and how is Donald Trump using them?

Reciprocal tariffs are a trade policy mechanism where a country imposes tariffs on imports that match the tariffs its exports face in foreign markets. The concept is rooted in the idea of fairness: if one country charges high tariffs on imported goods, the affected country responds with equivalent tariffs on goods coming fr

om the first country. This approach aims to create a balanced trading environment by ensuring that no nation disproportionately benefits from lower trade barriers. For example, if Country A imposes a 25% tariff on steel imports from Country B, Country B would respond by imposing a 25% tariff on steel imports from Country A. The goal is to discourage protectionist policies and encourage countries to lower their tariffs through negotiation.

Read full story

 

 

18:14 (IST) Apr 02

Trump’s 'liberation day' tariffs: Economic gamble or recession risk?

Trump has long championed tariffs as a solution to trade imbalances, despite economists warning that consumers will ultimately bear the cost. Critics argue that higher import prices could fuel inflation and push the economy toward recession.

Global markets have been on edge, while targeted nations have called for talks even as they prepare for retaliation.

Allies and rivals respond

 

• Canada: Prime Minister Mark Carney vowed to defend Canadian workers and warned of potential countermeasures.
• European Union: Seeking negotiations but keeping "all instruments on the table" for retaliation.
• China, Japan, and South Korea: Exploring trade alliances to counter Washington’s moves.
• Mexico: Lowered its 2025 growth forecast due to tensions with its largest trading partner.

 

18:12 (IST) Apr 02

Trump Tariffs News Live: Trump set to unleash 'Liberation Day' tariffs

US President Donald Trump is set to unveil sweeping new tariffs on Wednesday, but the full scope of his "Liberation Day" trade offensive remains unclear. The measures, aimed at countering what he calls years of trade "injustice," could spark a global trade war.

Trump will announce the tariffs in the White House Rose Garden at 4:00 p.m. (2000 GMT), after Wall Street closes. Flanked by key cabinet members, he will argue that the new levies will stop America from being "ripped off" and usher in a "golden age" for U.S. industry.

Despite Trump's insistence that he has finalized the reciprocal tariffs, the White House admitted that he was still working out the details less than 24 hours before the announcement.

Early Wednesday, Trump posted a simple message on Truth Social in all caps: "It's Liberation Day in America!"

 

17:49 (IST) Apr 02

'It's ultimately Trump's decision': No consensus among aides on 20% tariff hours before 'Liberation Day'

Hours ahead of Donald Trump's 'Liberation Day', his advisers were presenting options to him on Tuesday on how to go about the tariff thing as it involves a lot of countries and markets. Though Trump Monday announced that he settled on a tariff plan, one White House Official told CNN that they didn't believe Trump would arrive at a decision until hours before the 4 pm announcement today. Read full story

 

17:19 (IST) Apr 02

Trump Tariffs Live: Israel cancels all import duties on American-made goods

At the directive of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Economy and Industry Minister Nir Barkat, Israel has cancelled all of the customs duties - tariffs - that have been levied until now on products from the US, Israel's largest trading partner. After the approval of the Knesset Finance Committee and the Economy and Industry Minister's signature on the order, the amendment to the order regarding trade levies and protective measure will take effect and customs duties on all imports from the US will be cancelled. The US is Israel's closest ally and its most significant trading partner.

In 2024, the export of goods to the US stood at USD 17.3 billion, while the export of services was estimated at USD 16.7 billion. Israel's government explained that the 1985 free trade agreement with the US has led to the fact that the overwhelming majority (approximately 99 per cent) of goods imported from the US are already fully exempt from customs duties. Therefore, the reduction in customs duties will begin on a very limited number of products, in the category of imported food and agricultural products from the US. "The reduction in customs duties will, in effect, expand the US-Israel trade agreement and strengthen bilateral strategic relations," the Prime Minister's Office, Finance Ministry and Economy and Industry Ministry said in a joint statement. The reduction also entails an assurance to Israeli consumers in the form of a possible reduction in the cost of living with the anticipated expansion in imports of food and agricultural products from the US, which will benefit from a zero customs rate.

 

 

16:59 (IST) Apr 02

Trump Tariffs News Live: Japan’s auto sector on edge as US tariffs loom, Asahi Tekko president appeals to Trump

With US car tariffs set to take effect this week, Japanese auto parts maker Asahi Tekko is bracing for a tough hit. Company president Tetsuya Kimura has a direct plea for former US President Donald Trump: “Give me a break.”

Asahi Tekko, which employs 425 workers, is among the many companies in Japan’s auto sector—directly or indirectly employing 5.6 million people—that now face uncertainty. “There is no point in learning about this only two or three months in advance,” Kimura said from the company’s factory in Hekinan, central Japan.

The plant, located in Aichi—home to Toyota’s global headquarters—produces brake, engine, and transmission components. Toyota, the world’s largest automaker by sales, is a major customer. Autos have long been a key driver of Japan’s economy, with vehicles making up 28% of the country’s $142 billion in US-bound exports last year.

 

16:54 (IST) Apr 02

Trump Tariff Announcement Live: No 'eye for an eye' approach to US tariffs: Mexico

Mexican President Claudia Sheinbaum said Tuesday there will be no "eye for an eye" approach as the country braces for new US import tariffs kicking in this week.
The leader of the United States' biggest trading partner spoke on the eve of President Donald Trump's expected announcement of "reciprocal" tariffs, with 25 percent levies on imported cars and car parts.

Mexico has previously vowed a "comprehensive response" to Trump's tariffs, sticking to a strategy of prioritizing dialogue.

But Sheinbaum said Tuesday "we do not believe in an eye for an eye, a tooth for a tooth, because that always leads to a bad situation."

She added that "of course, measures are taken (in Mexico) because measures are taken on the other side, but the dialogue must continue."

Trump has said he will unveil a raft of so-called "reciprocal tariffs" Wednesday, on what he has dubbed America's "Liberation Day."

He insists the duties are necessary to combat trade imbalances with other countries.

 

16:50 (IST) Apr 02

'It’s liberation day in America!': Trump on social media ahead of tariff plan announcement

 

16:37 (IST) Apr 02

Trump Tariffs Live: Facing US tariffs, Canadians hunt for business in Europe

With his small steel mill facing hefty US tariffs, Canadian businessman Chris Wyatt is hunting for new European customers at the world's biggest industrial technology fair in Germany.
"There's uncertainty in the markets so big projects are being shelved or they're just not moving ahead," said sales director Wyatt, handing out flyers at his stand, alongside big players in robotics and factory machinery.

This week's Hanover Fair, which has attracted more than 4,000 exhibitors from around 60 countries, takes place as US President Donald Trump gears up to announce a wave of "reciprocal tariffs", ratcheting up global trade tensions even further.

And this year's guest of honour is Canada -- a clear signal that Europe stands with Ottawa as it faces not just hefty duties from the United States, its largest trading partner, but also Trump's threats to annex the country.

 

 

16:27 (IST) Apr 02

Trump Tariffs Live: Despite highest tariff differential of 9 pc, Trump tariffs will have minimal impact on India, says report

With US President Donald Trump set to announce reciprocal tariffs later today, a report by Motilal Oswal suggests that its impact on India will be minimal.
However, it adds that despite India having the highest tariff differential of 9 per cent with the US among major nations, the reciprocal tariff impact will be only on 1.1 per cent of India's GDP, as India's exports to US in the six most vulnerable sectors amount to only 1.1 per cent of its GDP.

The report says "With a tariff differential of 9 per cent and assuming that the elasticity of India's exports to the US with respect to tariffs is -0.5 (implying a 1 per cent rise in the tariff rate would reduce India's exports to the US by 0.5 per cent), there will be a loss of USD3.6b in exports to the US, which is only 0.1 per cent of India's GDP (-0.5*9, 4.5 per cent fall in India's exports to the US)."

 

15:32 (IST) Apr 02

Trump Tariff Announcement Live: The consumer price shockwave

With tariffs on foreign-made cars kicking in Thursday, industry experts predict a 13.5% increase in vehicle prices, translating to an extra $6,400 on a new 2024 model. A typical American household is expected to pay an additional $500 to $600 annually due to rising costs on imported goods.

Trump, however, remains undeterred. When asked about concerns that his policies could drive up car prices, he dismissed them outright. "If the prices on foreign cars go up, they're going to buy American cars," he said.

Yet, given that nearly 50% of cars sold in the US are imported, and 60% of parts in domestically assembled cars come from abroad, the tariff plan may reshape the auto industry in ways even Trump has not anticipated.

With economic anxiety mounting, all eyes are on Washington as the new tariffs take effect, setting the stage for what could be one of the most consequential trade battles in recent history.

 

Trump Tariff Announcement Live: The consumer price shockwave

With tariffs on foreign-made cars kicking in Thursday, industry experts predict a 13.5% increase in vehicle prices, translating to an extra $6,400 on a new 2024 model. A typical American household is expected to pay an additional $500 to $600 annually due to rising costs on imported goods.

Trump, however, remains undeterred. When asked about concerns that his policies could drive up car prices, he dismissed them outright. "If the prices on foreign cars go up, they're going to buy American cars," he said.

Yet, given that nearly 50% of cars sold in the US are imported, and 60% of parts in domestically assembled cars come from abroad, the tariff plan may reshape the auto industry in ways even Trump has not anticipated.

With economic anxiety mounting, all eyes are on Washington as the new tariffs take effect, setting the stage for what could be one of the most consequential trade battles in recent history.

 

15:32 (IST) Apr 02

Trump Tariff Announcement Live: What’s Trump’s endgame?

The administration claims that tariffs will bring manufacturing back to the US, protect industries critical to national security, and generate revenue to fund tax cuts. However, economists argue that tariffs can shrink the economy, reducing overall tax revenue. Some experts also point out that Trump's various tariff goals contradict one another—raising tariffs to boost US production could also reduce the revenue generated from those same tariffs.

"All of these tariffs are internally inconsistent with each other," said Chad Bown, a senior fellow at the Peterson Institute for International Economics. "So what is the real priority? Because you can't have all those things happen at once."

 

15:31 (IST) Apr 02

Trump Tariffs Live: Global reaction to Trump's tariff escalation has been swift

Canada has called the United States an "unreliable partner." Prime Minister Mark Carney has vowed to defend Canadian workers, while Ottawa plans fresh retaliatory tariffs on $20 billion worth of US imports.

The European Union is weighing countermeasures, but its fragile economy has led leaders to delay implementation, hoping for a possible deal.

China is targeting US farm products, slapping fresh tariffs on wheat, corn, and cotton. "Trade wars start by harming others and end by harming oneself," warned a spokesperson for China’s Foreign Ministry.

Mexico has responded with a mix of diplomacy and concessions, sending cartel leaders to the US for prosecution while cracking down on fentanyl labs.

Britain and Australia have opted out of the fight, seeking long-term trade agreements with the United States rather than imposing retaliatory measures.

 

15:29 (IST) Apr 02

Trump Tariffs Live: Who really pays for tariffs?

A common misconception is that foreign governments foot the bill for tariffs. In reality, tariffs are paid by companies that import goods, often passing the costs down to consumers. As history has shown, the burden typically falls on American businesses and households.

Retailers are expected to hike prices, manufacturers reliant on foreign materials will see rising costs, and the tariffs could even drive up the US dollar's value, making American exports less competitive. Experts warn that American consumers will once again bear the brunt of the policy shift, just as they did during Trump's first term.

 

15:29 (IST) Apr 02

Trump Tariff Announcement Live: Trump’s 'Liberation Day'—What’s coming?

On Wednesday at 4 pm (local time), Trump is set to unveil what he calls "Liberation Day," a moment he claims will end years of trade "injustice" against the United States. His plan includes a new 20% tariff on imported automobiles, which will take effect Thursday, adding to the billions of dollars in tariffs already placed on steel, aluminum, and other imports since he returned to office in January.

The administration is also considering targeted tariffs on countries included in what Trump has dubbed the "Dirty 15"—a group of nations accused of imposing unfair barriers on American goods while enjoying open access to the USmarket.

 

Trump announced what he called "Liberation Day," vowing to end what he described as decades of unfair trade practices against the United States. Among the biggest changes: a 20% tariff on imported automobiles, set to take effect Thursday. This comes on top of billions in tariffs already slapped on steel, aluminum, and other imports since his return to office in January. The administration is also considering targeted tariffs against nations Trump has labeled the "Dirty 15"—countries accused of erecting trade barriers while benefiting from access to US markets.

"Egypt has deployed forces beyond the permitted quota, expanded port facilities, and extended runways at airports," The Jerusalem Post quoted the source as saying, adding that these actions violate the peace agreement between the two countries.

Regarding the entry of Egyptian forces beyond the permitted quota, security officials emphasised that "such actions are reversible –  it is not a problem to pull tanks back."

The security source said that Israel is committed to maintaining the peace agreement and will not alter its deployment along the border.

However, the source also added, "Israel will not accept the situation and will not tolerate violations from Cairo."

Israel is currently in discussions with both Cairo and Washington on the matter.

"Washington is responsible for upholding the peace agreement and must ensure it is implemented as written," the source was quoted as saying.

So far, Israel has refrained from commenting on Egypt’s military buildup, aside from a few rare statements.

In February, Israel’s Ambassador to the US Yechiel Leiter said that Egypt’s military buildup in Sinai is "intolerable."

"For a long time, this issue was pushed aside, but it is continuing. This will be a topic we are going to put on the table – very soon and very firmly," the ambassador had said.

This comes as both countries are at a crossroads. Syria is trying to unify itself after years of civil war. Both countries face threats from ISIS, and there are US forces in both countries. In addition, the Kurdish regions of both countries are very important.

Al-Sudani’s office said that he “congratulated the Syrian people on the formation of their new government and reiterated Iraq’s commitment to respecting Syria’s political choices.” Shafaq News in Iraq noted that the Iraqi Prime Minister also “stressed the importance of an inclusive political process that ensures representation of all national components in Syrian society, ‘for a secure and stable future for Syria and the region as a whole.’”

The Iraqi leader also condemned Israel’s attacks on Syria. Israel has carried out airstrikes over the last months in Syria, claiming to target threats that might emerge. Iraq and Syria do not recognize Israel. Iraq has many Iranian-backed militias that have targeted Israel over the last year using drones.

Iraq says it is looking forward to “stronger economic collaboration, citing shared interests and opportunities for deeper ties between Iraq and Syria,” Shafaq noted.

 

President Ahmed al-Shara'a speaks during the formation of the new Syrian government. March 29, 2025. (photo credit: REUTERS/KHALIL ASHAWI)

The discussion comes amid some controversies in Iraq. The Popular Mobilization Units of Iran-backed militias continue to pose a challenge for Baghdad. These armed groups are officially part of the paramilitary forces of Iraq. However, they also carry out many operations independently. Recent discussions have focused on reining them in or even extending their mandate with a new law.

The comments by the Iraqi leader amid the phone call with the Syrian leader come after Syria sent its foreign minister to Iraq last month. This comes as Iran seeks to shore up its support for countries in the region amid US threats. Iran has threatened that it would retaliate against US bases in the region, a warning to Gulf countries not to participate in any US strikes.

Iran's outreach to Iraq

Iran is also doing outreach to Iraq to try to safeguard its interests, such as the militias in Iraq. Iranian state media said on April 1 that Iran’s Foreign Minister Abbas Araqchi says “that any threats directed at Iran will result in regret for its adversaries.” The report noted that “Araqchi said in an interview with Al-Masirah, a Yemeni TV channel, that the claim suggesting that attacking Yemen is a prelude to attacking Iran is nothing new and that Iran has heard similar threats in the past.

This is important because Iran is trying to bolster both the Houthis in Yemen and the militias in Iraq, as Iran senses that it is losing influence in the region. 

Yunus, an economist and Nobel laureate, became the chief adviser to Bangladesh's interim government after former leader Sheikh Hasina was forced to step down amid a popular student-led uprising in August 2024.

Yunus' press secretary Shafiqul Alam quickly labelled the chief adviser's first foreign tour as a "grand success."

Yunus came home from China having secured $2.1 billion (€1.94 billion) in Chinese investments, loans and grants, his office said.

A major part of this is establishing a Chinese Industrial Economic Zone (CIEZ) in Bangladesh, with nearly 30 Chinese companies pledged $1 billion for the project, coming after Yunus urged more private Chinese investment in Bangladesh's manufacturing sector.

China also plans to lend $400 million to modernize Bangladesh's second-largest port at Mongla. Beijing is also considering enhanced cooperation in water resource management.

And China again pledged to support Bangladesh in its effort to repatriate over a million Rohingya refugees currently living in crowded refugee camps after fleeing persecution in neighboring Myanmar.

Former diplomat Munshi Faiz Ahmad said Yunus's meeting with Xi was a positive sign for the interim government.

"Some countries hesitate to commit large-scale corporations with an interim government. But China didn't hesitate to deal with Muhammad Yunus. It resumed the ties that were stagnant after the fall of the previous government," Ahmed, the former Bangladesh ambassador to China, told DW.

Benefits and risks for Bangladesh

Jasmin Lorch, a senior researcher at the German Institute of Development and Sustainability (IDOS), told DW that the visit harbors both benefits and risks for Bangladesh from a geostrategic perspective.

"On the one hand, it contributes to further diversifying Bangladesh's international alliances, thereby reducing its reliance on India, with which relations have begun to deteriorate, as well as its reliance on the US, whose foreign policy has become more unreliable under President Donald Trump," she said.

However, the expert added that Bangladesh increasing ties with China is "bound to anger India," as it brings Beijing's influence closer to its border.

"Deeping cooperation with China in areas such as the modernization of Mongla port or, potentially, the Teesta River project, will strengthen Bangladesh's integration into China's Belt and Road Initiative, an integration India rejects," she added.

Trade deficits are another issue on the table, as Bangladesh's exports, mostly textiles, to China amount to a fraction of the over $23 billion in bilateral trade. China has offered a zero-tariff market access, which could open the door to more Bangladeshi products.

"China can be a big market for our leather products. Mangos and jackfruits will be exported to the country soon. We can also try to export other agricultural products as China is the biggest market for them," Al Mamun Mirdha, secretary general of the Bangladesh-China Chamber of Commerce and Industry (BCCCI), told DW.

However, analyst Lorch pointed out that from an economic and development perspective, enhancing ties with China is a "double-edged sword."

"Chinese investment and economic engagement usually come with almost no requirements regarding social and environmental standards," she said, adding that the extent to which Bangladeshi laborers and the Bangladeshi population at large will benefit remains unclear.

"Moreover, the related infrastructure projects may entail serious environmental risks," she said.

Bangladesh-India ties sour after Hasina ouster

Yunus took charge of Bangladesh after Hasina fled to India following her ouster.

India had been the biggest benefactor of Hasina's government, and her departure sent cross-border relations into a tailspin, culminating in Yunus deciding to make his first state visit to China, rather than India.

Yunus had reportedly wanted to visit India before traveling to China, but New Delhi did not respond positively to Dhaka's request.

"We showed our interest and asked the Indian side as early as in December last year for a bilateral visit of Chief Adviser Professor Yunus to India. This was done weeks before his visit to China was finalized. Unfortunately, we didn't receive a positive response," Yunus' Press Secretary Alam told Indian newspaper The Hindu the last week. Alam added that Yunus was keen to maintain warm ties with India.

Analyst Lorch said that Bangladesh's interim government seems to be very aware that it needs good neighborly ties with India.

Although India's Prime Minister Narendra Modi has yet to meet Yunus, the Indian leader did send recently a letter to Bangladesh's leadership marking the country's Independence Day, lauding bilateral ties.

"This day stands as a testament to our shared history and sacrifices, that have laid the foundation of our bilateral partnership," Modi wrote to Yunus.

"We remain committed to advancing this partnership, driven by our common aspirations for peace, stability, and prosperity, and based on mutual sensitivity to each other's interests and concerns."

However, ties remain strained over Hasina's continued presence in India.

"Anti-Indian sentiment has been rising in Bangladesh, owing to the Modi government's close relations with the former autocratic government of Sheikh Hasina and because the Modi government has not responded to Bangladesh's requests to extradite her for trial," said analyst Lorch.

"Given the strong historical and cultural ties between the two countries, an easing of diplomatic relations would be essential, and Modi's recent letter to Yunus is hopefully an indication of that," she added.

However, Dhaka-based political commentator Zahid Ur Rahman doubt India will normalize relations with interim leader Yunus, whose government has said it is laying the groundwork for elections, but a date has yet to be set.

"India wants to have a monopoly over Bangladesh, which was possible during former prime minister Sheikh Hasina's era. Bangladesh has adopted an independent foreign policy under Yunus, which is not influenced by New Delhi, and the Modi government doesn't like it," Rahman told DW.

Meanwhile, Yunus has again sought a meeting with Modi in a bid to reset relations, with both leaders expected to be at an Asian economic summit in Bangkok later this week.

Yunus' government has yet to receive a response, with Indian foreign minister S. Jaishankar saying the request was "under review."

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Why it matters: Trump gave Iran a two-month deadline to sign a new nuclear deal or face potential military action in his letter, sent three weeks ago.

Driving the news: Iran delivered its response via the Gulf Sultanate of Oman, which duly notified the U.S., a source with knowledge of the issue confirmed to Axios.

State of play: Trump and his top advisers have left the door open for talks while also using the threat of military force.

Catch up quick: Three weeks ago in an interview with Fox News' Maria Bartiromo, Trump revealed that he'd sent a letter to the Iranian leader proposing direct negotiations.

Flashback: Oman played a key role mediating between the U.S. and Iran during the Obama and Biden administrations.

The F-35, officially known as the F-35 Lightning II, has been around for decades, with its first flight dating back to 2006. Its lead manufacturer, Lockheed Martin, describes it as "the centerpiece of 21st-century global security," and this can be seen in the plane's systems and machinery, which have made the F-35 perhaps the most advanced jet in the world. 

While 19 countries are involved with building the F-35 Lightning II today, It was a smaller group that came together to bring this feat in aviation history to life. American defense and aerospace manufacturer Lockheed Martin was the prime contractor for the aircraft, yes, but nine countries ended up collaborating in its development. Let's explore each of them and see what they brought to the table.  

Where It All Started

 

A U.S. Marines F-35 Lightning II turning in the sky.

The F-35's history dates back to the late 1990s, when the U.S. came up with the idea of a lightweight, well-armed -- but cheaper -- aircraft that would be easily adaptable for the Air Force, Navy and Marines. This spawned the Joint Strike Fighter program,  with American companies such as Lockheed Martin, General Electric, Northrop Grumman, and Pratt & Whitney serving as key partners. And eight countries stepped up to lend a hand: the United Kingdom, Denmark, Australia, Turkey, Norway, Canada, Italy, and the Netherlands. 

The program opened up three levels of partnership, to which countries interested in the F-35 could contribute. Their contributions dictated the level they would settle into and, thus, the benefits they would enjoy. The first level demanded a 10% contribution to the plane's multi-billion-dollar development cost. The second level required a $1 billion contribution, while the final level's contribution ranged between $125 million and $175 million. 

The United Kingdom, present in the project since Day 1, was the only level one partner. Its key contributions included some from British manufacturer BAE Systems, which provided cutting-edge software, including for networking, communication, and navigation. BAE also developed designs such as life support systems. Before the aircraft's concept was settled upon, specialists from the U.K. made suggestions and offered solutions for the final design. As the project took off, more British manufacturers got involved, including Rolls-Royce, which contributed its short take-off and vertical landing system. A British pilot even made the first test flight.

The Level 2 Partners

 

An F-35 Lightning II jet fighter flying into the sky.

The Netherlands and Italy were the only countries to join the program at a level two partner status. Although the Netherlands joined the Joint Striker Fighter program in 1997, it wasn't until 2002 that it graduated into being a System Design and Development partner. It secured a number of contracts through companies such as GKN Fokker that allowed it to work on the F-35's landing gear maintenance, doors, hatches and drag parachute system. Other Dutch companies focused on the aircraft's energy supply systems, radar systems, and mechanical components.

Italy joined the Joint Striker Fighter program a year after the Netherlands, signing up at the concept demonstration phase. Among Italy's biggest contributions to the program is providing segments of the F-35's wings through the aeronautics company Alenia Aermacchi. Additionally, Italy opened up a final assembly and checkout line in Cameri, producing F-35s for Italy and the Netherlands as well as providing maintenance, overhauls and updates for the F-35s operating in the Euro-Mediterranean area. The center has already produced a number of flight-ready F-35s.

Denmark And Australia

 

An F-35 Lightning II jet fighter breaks the sound barrier.

Denmark joined the program at level three partner status in 2002, eager to help shape the F-35. At the time, the program was in its design and development phase, and Denmark was heavily involved with its technical aspects, even offering a Danish F-16 as a chase plane. The Danish company Terma has worked on the F-35 since the 2000s, providing items such as air-to-ground pylons, center fuselage composite panels, horizontal and vertical tail composite skins, engine element rings, and radar modules. Denmark still manufactures parts for upcoming F-35 jets.

The Best Equipment A Military Can Have

 

A U.S. Air Force F-35 flying at sunset.

Norway, Turkey, and Canada are the final level three countries that signed on to help develop the F-35. The first, Norway, has been working through the Norwegian defense company Kongsberg to supply the F-35's vertical leading edges, air-to-air pylons, and landing-gear closeout panels. Additionally, the company produces components for the aircraft's center fuselage.

Canada was a part of the Joint Strike Fighter as it breathed to life in 1997. Like the other countries, Canada has been working through its companies, key of which is the Magellan Aerospace Corporation. Magellan's Kitchener, Ontario plant made history as the first international partner to supply F-35 parts in 2003. The company has provided several parts, including vane box assemblies, horizontal tails, and transition ducts.  

The F-35 Lightning II has three distinct, imposing variants, each equally powerful. Besides eight of the original nine partners, eight other countries, customers of U.S. Foreign Military Sales, have them in their arsenals: Japan, Poland, Israel, Switzerland, Belgium, South Korea, Finland, and Singapore.

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