The 25% tariffs imposed on Canada and Mexico took effect Tuesday along with fresh levies on Chinese imports. In his address to the US Congress, President Donald Trump said that reciprocal tariffs will take effect from April 2 on countries like India, South Korea, the EU, China and others.
Automakers will be faced with obstacles around safety concerns, affordability and a patchwork of state regulations surrounding autonomous driving features.
U.S. stocks rallied after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.
Several digital lenders and microfinance companies have approached the Reserve Bank of India to introduce a formula for calculating interest rates on small-ticket loans. They argue that a regulatory formula would ensure fair pricing, prevent business disruptions, and reduce the risk of regulatory actions. The industry seeks clarity and a framework modelled after practices in other countries.
