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The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday.

A baseline tariff of 10 per cent will apply to economies globally and will take effect on April 5, as announced by the US President Donald Trump.

After weeks of anticipation, US President Donald Trump on Wednesday unveiled his reciprocal tariffs plan by declaring a 10 per cent baseline tax on practically all goods imported to the United States.

President Donald Trump followed through on his tariff threats by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

In today’s newsletter: Israel’s offensive has resulted in thousands of casualties and severe restrictions on aid, and signals a potential long-term territorial and political shiftGood morning. On Tuesday, Israeli defence minister, Israel Katz, announced a major expansion of attacks on Gaza and the “capture of large areas that will be added to the security zones of the state of Israel”.The announcement followed a night of airstrikes on Khan Younis and Rafah in southern Gaza, which officials said had killed at least 21 people, including a pregnant woman. The intensification of Israel’s offensive comes after more than two weeks of airstrikes and ground operations that have, according to Gaza’s health ministry, killed more than 900 people. Unicef has said that at least 322 of those killed since the renewed attacks have been children.UK economy | Donald Trump has hit the UK with tariffs of 10% on exports to the US as he ignited a global trade war. Other tariffs include 20% on the EU and 34% on China. Downing Street had been expecting 20% but Keir Starmer’s conciliation towards the Trump administration appeared to have paid off.Immigration | An investigation has been launched after a racist message was reportedly “blasted out” on portable radios used by Home Office contractors at an asylum processing centre. The deeply offensive broadcast – “fuck off you [N-word]s, go back to where you came from” – was reportedly heard at the Manston processing site for small boat arrivals in Kent.Health | Doctors have reported a rise in the number of patients with Victorian diseases such as scabies, as the Royal College of Physicians urged the government to do more to fight poverty.UK news | A third former South Yorkshire police officer has been arrested as part of an investigation into child sexual exploitation in Rotherham. The ex-constable, aged in his 50s, was arrested on Monday on suspicion of raping a teenage girl in the town in 2004.Education | The fate of boys “is a defining issue of our time”, according to the education secretary, Bridget Phillipson, as she calls for more men to become teachers to combat “toxic” behaviours. Continue reading...

Donald Trump's 10-percent tariffs on close ally Australia are "not the act of a friend," Prime Minister Anthony Albanese said Thursday, but added that his country will not retaliate with its own levies.

ABC chair backs public broadcaster after Peter Dutton’s comments warning it would need to demonstrate ‘excellence’Election 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastThe chair of Australia’s public broadcaster says he has “no doubt” a Coalition government would initiate a review of the ABC, but that the organisation has nothing to apologise for in its quest for “excellence” and “efficiency”.“I don’t think there’s any doubt within the event of Mr [Peter] Dutton acceding to office that there would be a very early call for an efficiency and, apparently, an excellency review for what the ABC does. Game on,” Kim Williams said during a speech at the Melbourne Press Club on Thursday.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

Escalating a global trade war, US President Donald Trump unleashed a barrage of reciprocal tariffs to match duties put on US goods by other countries.