Starting today, the United States will impose retaliatory tariffs on key trade partners, including India. President Donald Trump has called this move a "Liberation Day" for America, emphasizing the tariffs as a step towards economic self-reliance. The announcement has triggered significant market volatility, with the stock markets experiencing a sharp decline.On Tuesday, the first trading day of the new fiscal year, the Sensex plunged by 1,390 points, while the Nifty closed 354 points lower. The uncertainty surrounding the tariffs led to heavy selling pressure in IT stocks and private banking shares, contributing to the overall market downturn. With global trade tensions escalating, investors remain cautious about potential economic disruptions in the coming weeks.
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NewsTranscript
00:00India, along with its major trading partners, is going to impose a retaliatory tariff on the US from today.
00:06US President Trump called it a liberation day for the US.
00:09Before the US retaliatory tariff, on Tuesday, the day before New Year's Eve in Koshir Bazaar,
00:13there was a big downpour.
00:15Sensex broke 1390 pieces, so Nifty also closed with a loss of 394 pieces.
00:23Before the US tariff was imposed, Israel has removed all borders with imported goods from the US.
00:29Israel's PM Netanyahu said that closing the border on US goods is an extra step in that policy
00:35which his government has adopted for a decade to open the market for competition,
00:38to bring diversity in the economy and to reduce the cost of living.
00:45China once again extended a hand of friendship towards India.
00:47China's President Xi Jinping said that China and India should work together more closely.
00:52The relationship between the two countries should take the form of a dragon, elephant and tango.
00:57The relationship between the two countries should take the form of a dragon, elephant and tango.
00:59Xi Jinping started China-India political relations and congratulated China on its 75th anniversary.
01:07Russia has rejected the US proposal for a ceasefire with Ukraine.
01:10Russia has said that without considering the main causes of the war,
01:13the US proposal for a ceasefire with Ukraine has not been accepted.
01:16Russia has also submitted a list of its demands for a ceasefire.
01:19Russia has also said that it is serious about the proposed US model and solution
01:23but has not accepted the proposal in its current state.
01:29Russian President Putin met with Bosnian President Milorad Dodik in Moscow.
01:34Putin welcomed the Russian-speaking Bulgarian Dodik and said that he is very happy to meet him.
01:39Dodik, who leads half of Bosnia, is asking for the region to be separated from Bosnia
01:45which has increased the chances of instability there.
01:49The Swedish Air Force took part in the NATO military exercise.
01:53After joining NATO in 2022, this was Sweden's first military mission.
01:57Poland, Sweden and Britain participated in the exercise at a base in Poland.
02:05The Chinese military exercised near Taiwan.
02:07China has called Taiwan's president a traitor.
02:09As a warning against separatism, the Chinese military exercised on the north, south and east coasts of Taiwan.
02:16The Eastern Theater Command of China said in a statement that
02:18the Chinese military has practiced air strikes on Taiwan's territorial, land and sea targets.
02:27Taiwan has criticized China for its military exercises near its waters.
02:31The Chinese military has said that after the Chinese exercise,
02:33the air force and naval forces were alerted to monitor the air.
02:37A jet plane was also deployed on the mission.
02:40The Chinese military has also clarified that it is ready to deal with any danger.
02:46The Israeli foreign minister has claimed that
02:48his army has attacked the south of Beirut in Lebanon and killed Hezbollah's top commander.
02:54According to the Israeli foreign minister,
02:56Hezbollah's commander was helping the Palestinian organization Hamas to attack the Israeli people.
03:03The Gaza Strip is once again in danger of food and water.
03:08People are queuing outside the National Union's distribution center in Jabalia.
03:14The UN agency is distributing food to the needy.
03:19After the Hamas ceasefire, Israel has put a stop to heavy supplies in Gaza.
03:27The rebels in Yemen have claimed to have shot down an American drone.
03:31The rebels have said that their allies in Marib have shot down an American drone.
03:36In the past few days, American attacks have been made in the places of the rebels in Yemen.
03:40France has taken over the UN Security Council for the month of April.
03:45French Ambassador Jerome Bonaparte will be the head of the Security Council.
03:50He has said that he will respect the suggestions of all the members.
03:53He has also supported India in the Security Council.
03:56He has also called for reforms in the Security Council.
04:01On March 28, the number of people who died in the earthquake in Myanmar exceeded 2700.
04:05More than 4,500 people are still injured.
04:09The work to remove the rubble is still going on.
04:12In the meantime, two earthquakes were felt in Myanmar yesterday.
04:15However, their intensity was very low.
04:20Rescue operations are also underway in Thailand.
04:23Two people were taken out yesterday while removing the rubble from the buildings in Bangkok.
04:27According to the WHO, the number of people who died in the earthquake in Thailand has increased to 21.
04:31More than 10,000 houses have either collapsed in Thailand or have cracks in them.
04:39Heavy rains have wreaked havoc in Greece, Europe.
04:42Heavy rains fell on Nausa Dip.
04:45Roads and houses were submerged.
04:47Countless water was flowing on the roads.
04:49The flood water entered the city and washed away cars and furniture.
04:52There is a lot of crowd there due to the pattern installation.
04:55Seeing the situation, the authorities have stopped the movement.
05:00A volcano erupted in the south-western region of Iceland near the city of Grindavik.
05:05As the volcano erupted, lava flowed out.
05:08It reached several feet above the ground.
05:10The danger of fire began to increase.
05:12After that, 40 houses nearby were immediately evacuated.
05:15People have been told to remain on alert mode.