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South Korea on Wednesday unveiled a $2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump's 25 percent tariffs on the sector could be a "significant blow". "Given that automobiles and auto parts are South Korea's top exports to the US, the decision to impose a 25 percent tariff on these items is expected to deliver a significant blow to our auto industry," the government said in a statement announcing the support measures.
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During a recent White House visit, Israeli Prime Minister Benjamin Netanyahu faced a challenging encounter with President Trump, despite initial expectations of strong support. Key disagreements emerged over Iran's nuclear program, U.S. tariffs on Israeli goods, and Turkey's growing influence in Syria.
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The NSE Nifty rose 374.25 points, or 1.7%, to close at 22,535.85, in its highest single-day gain since January 2. The BSE Sensex rose 1,089.18 points, or 1.5%, the biggest upside in a day since March 18, to end at 74,227.
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