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China hits back with 34% retaliatory tariffs on US goods as trade war intensifies, files complaint in WTO

: China has imposed a 34% tariff on all US imports starting April 10 and introduced rare earth export restrictions. The move comes after the US announced harsh tariffs on Chinese goods.

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China US trade war

In a sharp escalation of the ongoing trade war between the world’s two largest economies, China on Friday announced a 34% retaliatory tariff on all goods imported from the United States, effective April 10. The move follows the US decision to impose similar steep tariffs on Chinese products earlier this week.

Beijing’s finance ministry confirmed that this additional tariff will be levied on top of the current applicable tariff rates already in place. The announcement marks another chapter in the worsening trade tensions between the two nations, with global economic ramifications.

Rare earth export curbs signal broader pushback

Alongside the tariffs, China’s Commerce Ministry unveiled export controls on seven rare earth elements, including gadolinium and yttrium, which are critical in medical imaging and consumer electronics. The restriction on these materials could impact industries heavily reliant on Chinese supply chains.

The move is widely seen as a strategic countermeasure, given China’s dominance in the global supply of rare earth minerals, which are vital to several high-tech sectors.

Legal battle looms at WTO

Further intensifying the standoff, China announced plans to file a lawsuit with the World Trade Organization (WTO) challenging the US-imposed tariffs. The complaint is aimed at defending China’s trade interests and international rights under WTO regulations.

Triggered by US tariff hike under Trump

This rapid escalation was sparked after US President Donald Trump imposed 10% tariffs on a wide range of imports and introduced additional duties of 34% specifically on Chinese goods. The new tariffs are part of a broader protectionist strategy, but they risk triggering a global trade disruption.

In response, Beijing has vowed to implement “countermeasures” to safeguard its economic interests. The tit-for-tat measures highlight the deteriorating trade relationship and could have lasting impacts on global markets and supply chains.

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Vijay appoints astrologer Radhan Pandit as OSD, sparks criticism from allies

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Actor vijay

Tamil Nadu Chief Minister C. Joseph Vijay has appointed astrologer and TVK spokesperson Radhan Pandit Vettrivel as Officer on Special Duty (OSD) to the Chief Minister, a move that has sparked criticism from allies and opposition leaders.

Radhan Pandit, who had publicly predicted a major electoral victory for Vijay and the Tamilaga Vettri Kazhagam (TVK) ahead of the 2026 Tamil Nadu Assembly elections, has been considered a close aide of the Chief Minister during the party’s election campaign.

The appointment drew sharp reactions from leaders within the Congress and Left parties. Congress MP Sasikanth Senthil questioned the decision in a post on X, asking why an astrologer required an OSD position in government.

Leaders from the Viduthalai Chiruthaigal Katchi (VCK) and CPI(M) also criticised the move, arguing that such appointments go against the principles of scientific temper and secular governance.

According to reports, Radhan Pandit was among the first people to visit Vijay’s residence after TVK’s strong performance in the assembly elections. He has also been associated with the party as a spokesperson and political commentator.

The controversy comes amid rapid political developments in Tamil Nadu following the formation of the new TVK-led government.

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Maharashtra opposition seeks all-party meeting over PM Modi’s austerity appeal

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Sharad Pawar

Maharashtra opposition parties on Tuesday demanded an all-party meeting after Prime Minister Narendra Modi appealed to citizens to adopt austerity measures amid rising concerns over the ongoing West Asia crisis.

The prime minister recently urged people to avoid non-essential gold purchases, reduce petrol and diesel usage, postpone foreign travel and consider work-from-home practices to help minimise the economic impact of global uncertainty.

Leaders from opposition parties in Maharashtra said the Centre should hold detailed discussions with political parties and explain the broader economic situation to the public. They raised concerns over the possible impact of geopolitical tensions on fuel prices, inflation and the overall economy.

Some opposition leaders also questioned the timing of the austerity appeal, saying citizens deserve greater clarity on the government’s plans to tackle any economic challenges arising from the crisis in West Asia.

Meanwhile, BJP leaders defended the prime minister’s remarks, describing them as precautionary steps aimed at reducing pressure on foreign exchange reserves and controlling inflationary risks linked to global supply disruptions.

The debate comes as concerns grow globally over energy supplies and rising crude oil prices due to tensions in West Asia.

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India has 69 days of crude oil and LNG reserves, 45 days of LPG stock, says Hardeep Puri amid West Asia crisis

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Hardeep singh puri

India has sufficient fuel reserves and there is no supply shortage despite the ongoing conflict in West Asia, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday.

Addressing the CII Annual Business Summit, the minister said the country currently has crude oil and LNG reserves that can last for 69 days, while LPG stocks are sufficient for 45 days.

Puri also said LPG production has been increased from around 35,000-36,000 tonnes per day to nearly 54,000 tonnes per day to ensure uninterrupted supply during the ongoing geopolitical tensions in West Asia.

The minister dismissed fears of any immediate restrictions or disruption in fuel availability and said there is “no supply issue” in the country.

His remarks came after Prime Minister Narendra Modi urged citizens to reduce unnecessary fuel consumption and avoid non-essential foreign travel to help conserve foreign exchange reserves amid rising global energy prices linked to the West Asia conflict.

The government has also said there are no plans for fuel rationing and that India’s energy supply position remains stable.

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