Jaguar Land Rover (JLR) has announced an immediate pause in shipments of its UK-manufactured vehicles to the United States, citing the need to reassess operations following President Donald Trump’s new 25% import tariff on cars and light trucks. The British luxury carmaker, owned by India’s Tata Motors, confirmed the move on Saturday after a report…
India has intensified its monitoring of imports from China to guard against a potential flood of cheap goods into its market, following the United States’ dramatic tariff escalation on Chinese exports. The U.S. hike—part of a sweeping trade overhaul unveiled by former President Donald Trump—has raised tariffs on Chinese goods by an additional 34 per…
US customs authorities began enforcing a sweeping new 10% tariff on imports from dozens of countries early Saturday, marking a seismic shift in global trade policy and intensifying fears of a worldwide economic slowdown. The levy, announced by former President Donald Trump earlier this week, took effect at 12:01 a.m. ET (0401 GMT) at all…
President Donald Trump’s sweeping 10% tariff on all imports has sent shockwaves through the global economy, rattling financial markets, disrupting trade norms, and sparking consumer panic across the United States. The tariff—applied unilaterally at U.S. seaports, airports, and customs facilities—marks a dramatic departure from the decades-old framework of negotiated trade agreements. Kelly Ann Shaw, a…
Berkshire Hathaway denies Warren Buffett endorsed President Trump’s economic policies, as suggested in a viral video. The false endorsement claims surfaced after Trump’s tariff announcement led to a $2.5 trillion loss on Wall Street. Despite market turmoil, Buffett’s year-to-date profit remains at $23.4 billion. In a strong rebuttal, American multinational Berkshire Hathaway has categorically refuted…
April 5, 2025 — Leading global economists and brokerages are warning that the U.S. economy is on the brink of a recession, triggered by the sweeping reciprocal tariffs announced by former President Donald Trump. As the trade war escalates, the economic outlook for the world’s largest economy has darkened considerably. In a sobering revision, JPMorgan…
