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🚀 Trump threatens more tariffs

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  1. President Donald Trump announced plans for new tariffs on automobiles, pharmaceuticals, lumber, and semiconductors, adding to the uncertainty surrounding his trade policy. While his previously announced 25% “reciprocal tariffs” on countries buying oil and gas from Venezuela are set to take effect on April 2, Trump’s timeline for sector-specific tariffs remains unclear. He suggested auto tariffs could be announced within days but gave conflicting signals on whether all tariffs would start simultaneously. A White House official later stated that no final decision had been made. Markets reacted positively to reports that Trump might soften his stance.

  2. India is considering cutting tariffs on over half of U.S. imports, worth $23 billion, in an effort to shield its $66 billion in exports from President Donald Trump’s forthcoming reciprocal tariffs set to take effect on April 2. Negotiations are underway, with India seeking relief from these tariffs before making final decisions. While New Delhi is open to significant reductions, it has drawn red lines on sensitive sectors like meat, wheat, and dairy, while potentially easing tariffs on almonds and quinoa. Trump has maintained his tough stance on trade, calling India a “tariff king,” but India is looking to balance economic pragmatism with political considerations.

  3. Samsung Electronics announced the sudden passing of its co-CEO Han Jong-hee, 63, due to a heart attack. Han, who had been with the company since 1988, played a key role in Samsung’s dominance in the TV market and led its digital appliances and device experience divisions. His death comes just a week after hosting the company’s annual shareholders’ meeting, where he addressed concerns over stock performance. Jun Young-hyun, who was appointed co-CEO in November, will now serve as the sole CEO amid ongoing challenges in the semiconductor industry.

  4. Headlines

    1. Trump Media shares surged after announcing a new deal with Crypto.com to offer ETFs.

    2. Shell is doubling down on LNG investments to increase shareholder returns.

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