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US President Donald Trump as part of his sweeping reciprocal tariff measures has levied a 26 per cent tariff on imports from India. The announcement comes as he calls India's tariffs as 'very, very tough'. Further, he calls his move as a 'kind reciprocal' as the tariffs levied are half of what India levies on US products. Trump laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Referring April 2 as "Liberation Day",...

Indonesia's finance minister denied rumours of her imminent resignation and pledged to maintain fiscal discipline at a hurriedly called press conference announced after the country's benchmark index plunged to a multi-year low on Tuesday.Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against the dollar, pressured by concerns over the government's fiscal strategy and growth prospects a day before a central bank review of monetary policy. The drop, which also follows rumours of resignation of Sri Mulyani Indrawati in the market, also...

Jim Walker, the Chief Economist at Aletheia Capital, who famously foresaw the 2008 financial crisis, has laid out four major predictions for 2025: a 10% drop in the U.S. dollar, a painful but not catastrophic economic slowdown, a long-term bullish stance on copper, and a strong recommendation to double down on Indian equities.In an interview with ETNow, Walker dismissed concerns that the global economy is headed for another 2008-style meltdown. “It will be a pretty painful slowdown, but we can go to the other end of it without the kind...