Trump delays tariffs on most goods from Mexico for a month
Washington, Mar 6 (AP): President Donald Trump said Thursday that he has postponed 25 per cent tariffs on most goods from Mexico for a month after a conversation with that country's president.
Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would “likely" be delayed.
This is the second one-month postponement Trump has announced since first unveiling the import taxes in early February. The reprieve would apply to goods that are compliant with the trade agreement Trump negotiated with Canada and Mexico in his first term.
“We are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl,” Trump said on Truth Social.
Trump's on-again, off-again tariffs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an uncertain atmosphere that could delay hiring and investment.
Lutnick emphasised that reciprocal tariffs, in which the United States applies import taxes on countries that tariff US exports, will still be implemented April 2.
US markets bounced of their lows for the day shortly after Lutnick spoke.
Also Thursday, Canadian Prime Minister Justin Trudeau indicated that he expects his country will be in a trade war with the United States for the foreseeable future.
Trudeau said the broader month-long pause “aligns with some of the conversations that we have been having with administration officials.”
The Canadian leader said the move by the Trump administration was a “promising sign,” but it also “means that the tariffs remain in place and therefore our response will remain in place.”
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Five held in multi-crore cyber fraud cases across India
Mumbai: The Vakola police arrested five individuals from Rajasthan and Thane on Saturday for their alleged involvement in multiple cyber fraud cases across the country.
The accused are identified Fujeel Ahmed Ansari, 21, Miraj Akram, 24; Mohammad Ansari, 27, from Bhiwandi in Thane district; Rajkaran Tanwar, 19; and Karan Segar, 19, both residents of Jaipur. They were allegedly responsible for converting the funds into cryptocurrency after transferring.
Investigations began after a complaint by a 26-year-old resident of Santacruz (East) who lost ₹3.4 lakh in a task-based fake job scam. During the investigation under Inspector Amar Patil, the leading police team traced back the bank transaction records to fraudulent activity in accounts based in Rajasthan and apprehended Tanwar and Segar.
Patil said that Mohammed Ansari operated around bank accounts not registered in his name, and his interrogation led to the identification and arrest of the remaining two accused. Patil further added that the group is suspected of defrauding people across the country of approximately ₹30 crore.
During the past four months, three cyber fraud cases were registered in Mumbai West, East, and North cyber police stations involving losses of ₹ 7.27 crore, ₹41 lakh, and ₹14 lakh, respectively.
More such cases involving losses of ₹22 lakh and ₹48 lakh were reported in Pune, Bilaspur, and Chhattisgarh. The accused are remanded to police custody till April 28 after appearance in court.
