India supports UN resolution condemning illegal Israeli settlements in Palestine

Washington: In a move that stunned markets and political observers alike, US President Donald Trump on Wednesday announced a 90-day pause on his sweeping tariff regime—granting relief to all countries except China. Just a day earlier, such a reversal had seemed unimaginable.

Trump said the pause was prompted by the cooperative stance of over 75 nations, which had refrained from retaliating against his earlier tariffs. These countries, he claimed, chose negotiation over confrontation. During the pause, a reduced reciprocal tariff of 10% will be in place.

However, Trump made it clear that China would face no such leniency. Citing Beijing's alleged trade abuses and “lack of respect” for global markets, he announced an immediate hike in tariffs on Chinese imports to 125%, up from the earlier 104%.

“At some point, hopefully in the near future, China will realize that the days of ripping off the US and other countries is no longer sustainable or acceptable,” Trump wrote on Truth Social.

Despite repeatedly resisting pressure from within his own party and business circles to halt the tariff spree, Trump’s sudden pivot was reportedly triggered by alarm bells inside the US Treasury Department. According to CNN, Treasury Secretary Scott Bessent raised red flags about a dramatic selloff in the bond market, which, if left unchecked, could spiral into a financial crisis.

Speaking to the media after the announcement, Trump seemed to suggest that the decision came from instinct rather than strategy.

“We didn’t have access to lawyers… We wrote it up from our hearts. You have to be flexible,” he said.

The markets responded instantly. The Dow Jones Industrial Average surged over 2,500 points, while the Nasdaq jumped 12.2%, its best day in 24 years. The S&P 500 rose 6%, oil prices climbed more than 4%, and the dollar strengthened.

Impact on India

India, which had been hit with a 26% customized reciprocal tariff, saw its markets rattled in recent weeks. The pause offers a much-needed breather, as New Delhi works to finalize a multi-sectoral trade deal with Washington.

Ministry of External Affairs Spokesperson Randhir Jaiswal confirmed that talks are underway. “We hope to address these issues and conclude this agreement expeditiously,” he said, underlining the strong economic ties between the two nations.

Mangaluru, Apr 7: A price storm is brewing in Mangaluru’s hotel and restaurant industry. Faced with skyrocketing raw material costs and mounting overheads, hoteliers are preparing to hike food prices by up to 10% within a month — a move that could hit the pockets of thousands of diners across Dakshina Kannada.

From milk and oil to LPG and staples like rice and toor dal, prices have surged, pushing both vegetarian and non-vegetarian establishments to the brink. Over 65% of hotels operate in rented spaces, and labour shortages are adding fuel to the fire.

Swarna Sunder of Dinki Dine says running a hotel without burdening customers is becoming near-impossible. “Costs are rising daily. We’re trying to strike a balance, but a hike is inevitable,” he said, calling Mangaluru a highly price-sensitive market.

Industry leaders, including the Dakshina Kannada Hotel Owners Association, are expected to meet soon to formalize the revision.

Meanwhile, hoteliers blame "unhealthy competition" for further disrupting the sector. “Some serve unlimited fish meals under ₹60 — it’s unsustainable and unfair,” said a hotelier, adding that such practices are forcing smaller eateries to shut shop.

Chandrahas Shetty, president of the district association, confirmed that rising input costs have left them with little choice but to revise menus.

Mangaluru: A routine midnight tea run turned into a horrifying tragedy when a motorcycle carrying three young men — in clear violation of traffic rules — slammed into an open divider on National Highway 66 at SKS Junction in the early hours of April 8. Two of them lost their lives, while the third is recovering from injuries.

The victims have been identified as Sankeerth, who was riding the motorcycle (KL-58-Q-6381), and Dhanurved C, the first pillion rider. Sibi Sam, the second pillion rider, was injured but survived the crash.

According to the FIR registered at the Traffic East Police Station (Crime No. 48/2025), the friends had set out from Lohith Nagar around 2:30 am, heading towards Pumpwell for tea. While Rohan Joby and Meghnath rode separately on a different bike (KL-13-AH-2388), Sankeerth was accompanied by two pillion riders — a clear case of triple riding, which is both illegal and dangerous.

As they sped along NH-66, Sankeerth reportedly lost control near SKS Junction and collided with the edge of an open road divider at approximately 2:50 am. The impact threw all three men onto the highway with violent force.

Sankeerth and Dhanurved suffered critical head and facial injuries and died while being rushed to the hospital. Sibi Sam is undergoing treatment for his injuries.

The FIR invokes Sections 281, 125(a), 106(1) of the Bharatiya Nyaya Sanhita, and 128(a) read with 177 of the Motor Vehicles Act, which include provisions related to rash driving and traffic violations.

The police have launched a full investigation. The accident has reignited public concern about reckless driving, triple riding, and the hazards posed by poorly maintained road dividers, especially during low-visibility hours.