The podcast dives into the escalating trade war between the US and China, spotlighting the hefty 104% tariff on Chinese imports. It examines the broader economic implications, noting surges in Asian markets following a temporary pause on tariffs for other countries. Additionally, a landmark Supreme Court ruling in India challenges the Governor's decision on legislative bills, marking a significant moment for governance. International relations also come into play with Prime Minister Modi receiving invitations from Russia amid ongoing global crises.
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US-China Trade War Escalates
The US escalated trade tensions with China by raising tariffs to 125% on Chinese goods.
Asian markets reacted positively to a 90-day tariff pause for other nations.
insights INSIGHT
Supreme Court Ruling on Tamil Nadu Bills
The Supreme Court deemed Tamil Nadu Governor R.N. Ravi's decision to reserve 10 bills illegal.
This ruling reinforces legislative autonomy and sends a message about constitutional propriety.
insights INSIGHT
RBI Cuts Repo Rate
The Reserve Bank of India cut the repo rate to 6%, signaling lower interest rates on loans.
The Monetary Policy Committee shifted its stance to "accommodative," hinting at further rate cuts.
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This is the Catchup on 3 Things by The Indian Express and I'm Ichha Sharma. Today is the 11th of April and here are this week’s headlines.
The US officially enforced a sweeping 104% tariff on all Chinese imports starting Wednesday, escalating its trade confrontation with Beijing. This move follows President Trump’s ultimatum to China to withdraw its retaliatory 34% tariffs. China hit back sharply at Washington's escalating trade war rhetoric, saying it does not seek conflict but won’t tolerate bullying either. US further escalated the situation with its decision to raise tariffs on Chinese goods to 125% while pausing tariffs for other nations. Responding to this, Foreign Ministry spokesperson Lin Jian said at a press briefing, “This cause will not win popular support and will end in failure.” Lin emphasized that Beijing will defend its people's rights, signaling that retaliatory action may still be on the table. Meanwhile, Asian markets surged on news of the 90-day tariff pause for other countries, with Japan’s Nikkei 225 soaring 8%, South Korea’s Kospi rising over 5%, and Australia’s ASX 200 up 5% in early trading.
In a landmark ruling, the Supreme Court declared Tamil Nadu Governor R N Ravi’s decision to reserve 10 re-passed Bills for Presidential consideration as illegal. The court held that the Governor showed scant respect for judicial precedent and unduly delayed action. Using Article 142, the bench declared that the 10 Bills are deemed to have received assent, overriding the governor’s withholding. This rare step sends a strong message about constitutional propriety and reinforces legislative autonomy amid growing tensions between elected governments and appointed constitutional heads.
The Reserve Bank of India has slashed the repo rate by 25 basis points to 6% in its latest monetary policy review. This signals lower interest rates on home, personal, and auto loans soon. The Monetary Policy Committee also shifted its stance from "neutral" to "accommodative," hinting at more rate cuts ahead. GDP growth for 2025–26 has been revised down to 6.5% from 6.7%, while retail inflation is projected at 4%. Lower rates aim to boost borrowing and spending amid slowing economic momentum.
Russia has formally invited Prime Minister Narendra Modi to attend its Victory Day Parade on May 9, commemorating 80 years since the end of World War II. Deputy Foreign Minister Andrey Rudenko confirmed that the invitation has been sent, and the visit is under discussion. The gesture comes after Moscow confirmed President Putin’s scheduled visit to India later this year. Russia has extended invitations to several “friendly nations,” reinforcing diplomatic ties amid ongoing geopolitical tensions. Modi’s participation would signify India’s balancing act in global power dynamics.
A deadly Israeli airstrike hit a residential building in northern Gaza’s Shijaiyah neighborhood on Wednesday, killing at least 23 people, including eight women and eight children, according to officials at Al-Ahly Hospital. The Gaza Health Ministry confirmed the toll and said rescue teams were still searching through rubble for survivors. Nearby buildings were also damaged, according to Gaza’s civil defense, which operates under the Hamas-run government. The strike is the latest in a wave of intensifying attacks, as the humanitarian crisis worsens in the besieged Palestinian enclave with no signs of a ceasefire in sight.
This was the CatchUp on 3 Things by The Indian Express.
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