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| | Donald Trump’s tariffs, as of April 14, will force a 0.2% contraction by volume in global trade in 2025, the latest Global Trade Outlook released by the World Trade Organization (WTO) on Wednesday, said, contrasting this with the 2.7% growth that it would have otherwise seen. HT brings you a round-up of the most important and interesting stories, so you don’t miss your daily dose of news. | | | THE BIG STORY Trump’s tariffs will shrink global trade, warns WTO Donald Trump’s tariffs, as of April 14, will force a 0.2% contraction by volume in global trade in 2025, the latest Global Trade Outlook released by the World Trade Organization (WTO) on Wednesday, said, contrasting this with the 2.7% growth that it would have otherwise seen. And if he were to bring back his paused tariffs, which would also increase trade policy uncertainty, the contraction could be much larger. The economic disruption unleashed by Trump tariffs is likely to lead to a global growth loss of 0.6 percentage points. World GDP is now expected to grow at 2.2% instead of the baseline 2.8% in 2025, WTO said. While Trump’s trade war with China might present export opportunities for some countries, most of the world will also have to deal with a surge of exports from China and adverse second-order effects of increased policy uncertainty generating headwinds for things such as friend-shoring, the outlook added. Read more. | | | THE BIG QUESTION Why SC is mooting tweaks in key provisions of Waqf law? The Supreme Court on Wednesday expressed its concerns over the newly enacted Waqf law, questioning three aspects of the statute – the status of “waqf by user” properties declared so under earlier court orders, the majority presence of non-Muslim members in the Waqf Council and Waqf Boards and disallowing a property from operating as waqf property if it is disputed as a government plot. The bench headed by Chief Justice of India (CJI) Sanjiv Khanna said it was inclined to pass an interim order pausing the operation of the law on these aspects, but agreed to give the Centre and states an opportunity on Thursday, when the case is due to be heard next. Read more. | STORIES YOU MAY HAVE MISSED |  Apple sent five planes full of iPhones and other devices from their manufacturing centres in India to the US. This stockpiling will allow the company to maintain current pricing, which some would argue is already quite high. They did this to avoid which new trade tax imposed by Trump? | FROM THE EDIT PAGE A new front in the federalism battle The tussle over federal rights has taken a new turn with Tamil Nadu declaring that it has set up a three-member panel headed by a retired Supreme Court judge, Kurian Joseph, to review constitutional provisions, laws, and policies concerning Centre-state relations and recommend measures to strengthen the claims of the states. This step needs to be seen in the backdrop of New Delhi and Chennai refusing to see eye-to-eye on a host of issues related to education, language, the role of the governor’s office, and the sharing of tax revenue. The Justice Joseph panel will submit its report to the state government; while its findings will not be legally binding, the symbolism of appointing the panel and its conclusions will resonate beyond Tamil Nadu and influence the new oppositional politics that has made made federalism one of its main planks. Read more. | | | Infographic of the Day  (Click to expand) |  Reciprocal tariffs | Photo of the Day Protest hour in Delhi  Congress members stage a protest after the Enforcement Directorate filed a chargesheet against Congress Parliamentary Party Chairperson Sonia Gandhi and Leader of Opposition in the Lok Sabha and party leader Rahul Gandhi in the National Herald case, in New Delhi, Wednesday. (PTI Photo/Vijay Varma) | HT THIS DAY: April 17, 1929 Archaeological finds in Orissa At Gandhrai were discovered, two new temples of the same size and type - one dedicated to Vishnu and the second to Shiva which supply an important link in the history of Indian temple architecture Read more. | Were you forwarded this email? Did you stumble upon it online? Sign up here. | | | | | | | | | Get the Hindustan Times app and read premium stories | | | | | | View in Browser | Privacy Policy | Contact us You received this email because you signed up for HT Newsletters or because it is included in your subscription. Copyright © HT Digital Streams. All Rights Reserved | | | | | 
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