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President Trump Considers Tariffs on Indian Rice, Impacting Exporters

President Trump Considers Tariffs on Indian Rice, Impacting Exporters

Reports indicate that President Donald Trump is considering imposing new tariffs on Indian rice, which has led to a significant drop in the stock prices of major Indian rice exporters. Companies like LT Foods, GRM Overseas, and Kohinoor Foods have seen their shares fall by as much as 7.6% following the news. The U.S. is a major market for these exporters, and the potential tariffs come amid Trump's announcement of a $12 billion aid package for American farmers. This aid is intended to help farmers cope with increased costs for seeds and fertilizers, which have been exacerbated by existing trade tensions.
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Trump's 'gold card' program goes live, offering US visas starting at $1 million per person

Trump's 'gold card' program goes live, offering US visas starting at $1 million per person

President Donald Trump has announced the long-awaited launch of a "gold card" program offering legal status and a pathway to U.S. citizenship
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Mexico's lower house approves tariff hikes on Chinese, other Asian imports

Mexico's lower house approves tariff hikes on Chinese, other Asian imports

By Diego Oré MEXICO CITY, Dec 10 (Reuters) - Mexico's lower house early Wednesday approved tariffs of up to 50% next year on imports from China and several other Asian countries, aiming to boost domestic production and address trade imbalances. 
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Analysis-Thailand–Cambodia border clash tests Trump's tariff diplomacy

Analysis-Thailand–Cambodia border clash tests Trump's tariff diplomacy

By Devjyot Ghoshal BANGKOK, Dec 10 (Reuters) - In July, it took a call from U.S. President Donald Trump and the threat of crushing tariffs to halt five days of fierce fighting between Thailand and Cambodia. This week, border clashes reignited, ending the Trump-backed ceasefire.
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Mexico's Senate approves tariff hikes on Chinese, other Asian imports

Mexico's Senate approves tariff hikes on Chinese, other Asian imports

MEXICO CITY, Dec 10 (Reuters) - Mexico's Senate approved on Wednesday tariff hikes of up to 50% next year on imports from China and several other Asian countries, aiming to bolster local industry despite opposition from business groups and affected governments.
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Olympic hopeful cross-country skier tries to put India on the winter sports map

Olympic hopeful cross-country skier tries to put India on the winter sports map

Most of Bhavani Thekkada’s competitors grew up on skis
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India, US step up talks on bilateral deal, trade ties

India, US step up talks on bilateral deal, trade ties

NEW DELHI, Dec 10 (Reuters) - India's Commerce Secretary Rajesh Agrawal met U.S. Deputy Trade Representative Rick Switzer to discuss bilateral trade and economic ties, the government said on Wednesday.
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Trump says to make phone call to stop Thai-Cambodia fighting

Trump says to make phone call to stop Thai-Cambodia fighting

BANGKOK/PHNOM PENH, Dec 10 (Reuters) - Fighting between Thailand and Cambodia extended into a third day on Wednesday as U.S. President Donald Trump said he would make a phone call to stop the conflict, after he had brokered a ceasefire in July to end a five-day battle between the Asian neighbours.
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President Trump Warns of New Tariffs on Indian Rice Amid Farmer Complaints

President Trump Warns of New Tariffs on Indian Rice Amid Farmer Complaints

President Trump has announced the possibility of imposing new tariffs on agricultural imports, specifically targeting Indian rice and Canadian fertilizers. This move comes in response to complaints from American farmers who argue that cheap foreign goods are negatively impacting domestic producers. During a White House meeting, Trump unveiled a $12 billion assistance package for U.S. farmers, emphasizing his commitment to counter what he perceives as unfair trade practices. The President criticized the dumping of Indian rice in the U.S. market, which farmers claim is driving down prices. Additionally, Trump suggested that tariffs could be applied to Canadian fertilizer imports to encourage domestic production. This announcement is part of broader efforts to stabilize trade relations with countries like Canada and India, although previous attempts have faced challenges.
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World shares are mixed after Wall Street pulls back from its record heights

World shares are mixed after Wall Street pulls back from its record heights

European markets are mixed and Asian shares retreated after U.S. stocks pulled away from their record heights
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Global pilots warn India's rest rule exemption for IndiGo raises safety concerns

Global pilots warn India's rest rule exemption for IndiGo raises safety concerns

By Allison Lampert Dec 9 (Reuters) - India's decision to ease stricter rules on pilot rest following a wave of flight cancellations by the country's largest carrier should be reversed due to the adverse effect of fatigue on safety, the head of global pilot union group IFALPA said.
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Hollywood-hungry Gulf states bankroll Paramount's Warner Bros bid

Hollywood-hungry Gulf states bankroll Paramount's Warner Bros bid

By Federico Maccioni and Rachna Uppal ABU DHABI, Dec 9 (Reuters) - Paramount Skydance's addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment