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U.S. President Donald Trump has imposed new tariffs on imports from Mexico, Canada, and China. These tariffs particularly impact the automotive industry, with major brands like Volkswagen, GM, and Toyota affected due to their significant exports to the U.S. The move is aimed at curbing fentanyl flow and illegal immigration from these countries.
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Budget 2025-26 boosts consumption with major tax reforms, increasing disposable income while maintaining strong capital expenditure. Fiscal deficit reduction to 4.4% in FY26 may enable an RBI rate cut. Rural and agriculture sectors receive key support, benefiting Retail, Auto, FMCG, and BFSI. Market outlook remains positive, favoring discretionary spending and credit growth.
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Canada announces retaliatory tariffs against the US, in a move that is likely to be costly for both nations.
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News and Media
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