Latest news with #clamped
Miami Herald
5 days ago
- Business
- Miami Herald
U.S. Trade Deficit Plummets in April
WASHINGTON -- The U.S. trade deficit in goods and services narrowed sharply in April, falling to $61.6 billion compared with $138.3 billion in March as tariffs clamped down on global trade. U.S. goods imports fell significantly in April, dropping 16.3% from March, the data released from the Commerce Department showed, as tariffs on exports from China and other countries weighed on trade. The sharp drop reflected the fact that importers had rushed to bring many goods into the United States at the beginning of the year to get ahead of tariffs ordered by President Donald Trump. Exports rose slightly, up 3% from the previous month. Trump has imposed tariffs on a variety of industries and trading partners since coming into office in January, raising the U.S. tariff rate to levels not seen in a century. The president has temporarily suspended some of the tariffs to allow for trade negotiations, but many are set to snap back into effect in early July unless deals are reached. 'The big swing in the trade deficit reflects the global trade war,' said Mark Zandi, chief economist at Moody's Analytics. 'With the tariffs, goods imports collapsed in April, leading to a much smaller trade deficit.' Zandi added that a smaller trade deficit would likely result in higher gross domestic product in the second quarter, since a trade deficit is subtracted from that figure. But he cautioned that the tariffs would still have negative consequences for American consumers and the economy. 'The higher U.S. tariffs have severely disrupted global trade, which will soon show up as higher prices for many of the goods Americans buy, weighing heavily on their purchasing power and spending, and by extension, the broader economy,' he said. This article originally appeared in The New York Times. Copyright 2025
Time of India
17-05-2025
- Time of India
Drone ban enforced in Thane amid security concerns
Image used for representative purpose only THANE: The Thane City Police Commissionerate has clamped down on drone operations, imposing a comprehensive ban on all unmanned aerial vehicles (UAVs) within city limits, officials said on Wednesday. The prohibition, effective from 14 May to 3 June, comes as authorities step up security measures across the Mumbai Metropolitan Region. The order specifically forbids all drone flights, regardless of purpose or operator, police officials told TOI. "This is a preventive measure to maintain law and order," said a senior police official who requested anonymity. "The potential misuse of such devices could pose a significant threat to public safety." Dr Shrikant Paropkari, Deputy Commissioner (Headquarters-1), Special Branch, who issued the order, warned that violators would face stringent action under Section 223 of the Bharatiya Nyaya Sanhita, 2023, along with other applicable laws. The ban extends to all forms of aerial equipment, including remote-controlled microlight aircraft, paragliders, paramotors, hand gliders, and hot air balloons. This development follows similar restrictions implemented by Mumbai Police from 5 May, after the DGCA designated several areas as 'red zones' for drone operations. Recently, a 23-year-old was booked for flying a drone in Powai, highlighting the authorities' zero-tolerance approach. Residents have been urged to report any unauthorised drone activity to the nearest police station or by calling the emergency number 112.
Economic Times
04-05-2025
- Business
- Economic Times
India shuts doors on Pakistan: No imports or ships allowed
'Direct or indirect import, or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders,' the Directorate General of Foreign Trade said in a Friday notification. 'Any exemption or dispensation from this shall be examined and decided on caseto-case basis.' The order on Pakistani vessels was issued by the Directorate General of Shipping, Mumbai, on Saturday ' to ensure safety of Indian assets, cargo and connected infrastructure.' Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Economy Tired of too many ads? Remove Ads NEW DELHI: India has, with immediate effect, clamped a complete ban on import of goods from Pakistan, including entry routed through other countries, 'in the interest of national security and public policy,' taking another punitive step in the wake of the April 22 terrorist attack in Jammu & Kashmir Additionally, any vessel bearing the flag of Pakistan is barred from visiting Indian ports , while Indian ships are prohibited from docking at the neighbouring country.'Direct or indirect import, or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders,' the Directorate General of Foreign Trade said in a Friday notification. 'Any exemption or dispensation from this shall be examined and decided on caseto-case basis.' The order on Pakistani vessels was issued by the Directorate General of Shipping, Mumbai, on Saturday ' to ensure safety of Indian assets, cargo and connected infrastructure.'It is 'in public interest and for interest of Indian shipping ,' according to the industry representatives say Pakistan flagged ships seldom trade with India.'The DG Shipping order bans any vessels having Pakistani cargo from docking on Indian ports. This has wider impact since transit routes need to be redrawn for global trade,' an industry watcher told had earlier announced suspension of all trade ties with India including through third goods imports from Pakistan during April 2024-January 2025 totalled $0.42 million, with plants and seeds, dates, figs and map extracts being the top items, down from $20.21 million in Foreign Trade Policy, 2023, has been amended following the latest order. 'This will prohibit import of goods from Pakistan directly or through any other trade route,' read a statement issued by the ministry of commerce and industry on trade had been declining after India imposed a 200% duty on Pakistani goods in 2019, following the Pulwama terrorist attack in February, and the then Imran Khan government in Islamabad suspended trade ties after India revoked the special status of Jammu and Kashmir in August of that India had granted the 'most favoured nation' status to Pakistan in 1996, the neighbouring country never trade has contracted to about $1.2 billion in FY24 from $2.5 billion in FY19.'India doesn't depend on Pakistani goods, so the economic impact is minimal,' said Ajay Srivastava, founder of Delhi-based think-tank Global Trade Research Initiative.'However, Pakistan still needs Indian products and may continue accessing them through third countries through recorded and unrecorded routes,' he added.
Time of India
04-05-2025
- Business
- Time of India
India shuts doors on Pakistan: No imports or ships allowed
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel NEW DELHI: India has, with immediate effect, clamped a complete ban on import of goods from Pakistan, including entry routed through other countries, 'in the interest of national security and public policy,' taking another punitive step in the wake of the April 22 terrorist attack in Jammu & any vessel bearing the flag of Pakistan is barred from visiting Indian ports , while Indian ships are prohibited from docking at the neighbouring country.'Direct or indirect import, or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders,' the Directorate General of Foreign Trade said in a Friday notification. 'Any exemption or dispensation from this shall be examined and decided on caseto-case basis.' The order on Pakistani vessels was issued by the Directorate General of Shipping, Mumbai, on Saturday ' to ensure safety of Indian assets, cargo and connected infrastructure.'It is 'in public interest and for interest of Indian shipping ,' according to the industry representatives say Pakistan flagged ships seldom trade with India.'The DG Shipping order bans any vessels having Pakistani cargo from docking on Indian ports. This has wider impact since transit routes need to be redrawn for global trade,' an industry watcher told had earlier announced suspension of all trade ties with India including through third goods imports from Pakistan during April 2024-January 2025 totalled $0.42 million, with plants and seeds, dates, figs and map extracts being the top items, down from $20.21 million in Foreign Trade Policy, 2023, has been amended following the latest order. 'This will prohibit import of goods from Pakistan directly or through any other trade route,' read a statement issued by the ministry of commerce and industry on trade had been declining after India imposed a 200% duty on Pakistani goods in 2019, following the Pulwama terrorist attack in February, and the then Imran Khan government in Islamabad suspended trade ties after India revoked the special status of Jammu and Kashmir in August of that India had granted the 'most favoured nation' status to Pakistan in 1996, the neighbouring country never trade has contracted to about $1.2 billion in FY24 from $2.5 billion in FY19.'India doesn't depend on Pakistani goods, so the economic impact is minimal,' said Ajay Srivastava, founder of Delhi-based think-tank Global Trade Research Initiative.'However, Pakistan still needs Indian products and may continue accessing them through third countries through recorded and unrecorded routes,' he added.
Al-Ahram Weekly
26-03-2025
- Politics
- Al-Ahram Weekly
Niger military ruler sworn in as president for a 5-year transition period under new law - Africa
Niger's military ruler, Abdourahamane Tchiani, was on Wednesday sworn in as the country's president for a transition period of five years under a new charter that replaces the West African nation's constitution. The move effectively rebuffed attempts by the regional bloc to quicken the return to democracy after a 2023 coup. The five-year 'flexible' transition period begins on Wednesday, according to Mahamane Roufai, the secretary general of the government. He was speaking at a ceremony in the capital Niamey where the new transition charter recommended by a recent national conference was approved. Tchiani, an army veteran, was also elevated to the country's highest military rank of army general, cementing his grip on power since June 2023 when he led soldiers that deposed the country's elected government. The new president would have been in power for about seven years by the end of the transition period in 2030, following similar patterns of prolonged stints in power in Africa's junta-led countries, including Mali, Guinea and Burkina Faso. Niger's junta had initially proposed a three-year transition period right after the coup, but that was rejected by West Africa's regional bloc known as ECOWAS, which called it a provocation and threatened to intervene with the use of force. Since then Niger has left the bloc alongside Mali and Burkina Faso, in protest of harsh sanctions which the bloc announced to force a return to democracy in Niger. Critics say Niger's junta has clamped down on civil rights and struggled to end the jihadi violence that the military said inspired them to take power. Follow us on: Facebook Instagram Whatsapp Short link:
