Since April 2, when he unleashed the slew of tariffs on imports from various countries, global equities have revolted with US stocks alone losing about $6.6 trillion in market value on Thursday and Friday. After being relatively indifferent to the US announcements on Thursday, Indian markets joined in on Friday, shedding 10 lakh crore in a single day.
The US has implemented a tariff of 26% on most exports from India. After President Trump imposed these tariffs on April 2, the BSE Sensex and the NSE Nifty fell 1.6% and 1.8%, respectively, in two days.
Jaguar Land Rover has temporarily halted U.S. shipments due to new 25% auto tariffs imposed by the Trump administration. The company, which exports all its cars to the U.S., aims to address the new trading terms.
A second unvaccinated child in West Texas has died from a measles-related illness, as the outbreak spreads to neighboring states and Mexico. The CDC is assisting with response efforts, and health officials emphasize the importance of the measles vaccine, which is 97 percent effective after two doses.
