Hello, Dread it, ignore it, US tariffs are here all the same. President Donald Trump’s doubling of tariffs on imports from India took effect on Wednesday, dealing a severe blow to strategic ties between the two countries. The move takes total duties to as high as 50% for goods such as garments, gems and jewellery, footwear, sporting goods, furniture and chemicals—among the highest imposed by the US, on par with Brazil. So, what now? Well, the punitive tariffs have wiped out any gains from importing discounted Russian oil (one of the key reasons behind the double tariffs). Exporters are now bracing for a sharp decline in US orders, and will receive financial assistance if hit by the tariffs and be encouraged to diversify to markets such as China, Latin America and the Middle East, Reuters reported. Amid the tariff mayhem, one of the biggest companies in the world is set to report its results. NVIDIA’s performance in this quarter will set the tone for the future, not just for the AI industry, but also for the booming global AI stock trade. Moving on, the Swifties’ world is ringing with wedding bells! The world’s wealthiest female musician, Taylor Swift, and NFL player Travis Kelce are engaged to be married, the couple announced on social media. It’s a Love Story. In today’s newsletter, we will talk about - Festive season fuels white collar hiring
- Solving Goa’s taxi woes
- Transforming women’s healthcare via AI
Here’s your trivia for today: Which solar phenomenon occurs during equinoxes, which causes disruptions in communications satellites? |