From just past midnight local time (05:01 BST), China will face 104% tariffs from the US, after refusing to dial back on their own retaliatory action. The rest of Trump's "reciprocal" tariffs will also go ahead, directly impacting about 60 countries and territories

Indian stock markets demonstrated relative resilience amid global market turmoil caused by US President Trump's tariff announcement. On April 7, the BSE Sensex and Nifty 50 experienced declines, but these were less severe than those seen in other regions,

Amidst escalating trade tensions, RBI Governor Sanjay Malhotra addressed concerns over the newly imposed US tariffs on Indian goods, anticipating a negative impact on India's exports and overall economic growth.

President Donald Trump's latest round of import tariffs officially kicked in just after midnight on Wednesday, marking a significant escalation in his administration's ongoing trade offensive. According to an AP report,

A fresh wave of tariffs imposed by US President Donald Trump came into effect Tuesday midnight (US Eastern time), with China facing the steepest hike—an unprecedented 104% on its goods. The move signals Washington’s tough stance on trade and has already triggered a sharp response from Beijing.

US President Trump has announced plans to levy hefty tariffs, possibly 20–26%, on pharmaceutical imports. The move could disrupt global pharma trade and severely impact India, which exports around $12.

The Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the Monetary Policy Committee (MPC) has unanimously decided to cut the key policy repo rate by 25 basis points to 6%. He also said that the GDP growth outlook for FY 2025-26 has been cut slightly to 6.

O ver the last few years, there has been increasing pressure on the U.S. health care system: this includes issues related to hospital staffing, as well as financial and operational challenges that have led to many health care facilities closing and reducing vital services like emergency and obstetric care.