Warren Buffett, at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, warned that tariffs can be an act of war, likening them to a "tax on goods" that hurts global growth. He urged Washington to continue trading with the world, saying countries should focus on their strengths and avoid offending others. Buffett believes prosperity is not a zero-sum game, where one country's success comes at another's expense. He cautioned against claiming superiority over other nations, as it can lead to widespread dislike. The billionaire investor also downplayed recent market volatility, comparing it to "nothing" compared to the global implications of tariffs.
https://www.ndtv.com/world-news/trade-should-not-be-a-weapon-warren-buffett-amid-trumps-tariff-war-8323165The US-Mexico trade dispute is affecting ports on both coasts, particularly in California, where cargo volumes are surging as companies stock up before tariffs take effect. American importers expect shortages and higher prices for consumers if the trade dispute continues, with logistics worker Antonio Montalbo estimating he may have to lay off staff due to rising maintenance costs and decreased work. The tariffs, imposed by President Trump, have already led to a significant increase in costs for parts imported from China, including a doubling of the price for a starter part needed for his trucking company.
https://www.victoriaadvocate.com/news/nation/trumps-tariffs-bite-at-quiet-us-ports/article_9eb629cd-1fcd-5f07-b308-31e98aa64c23.htmlSenator Ishaq Dar, Pakistan's Deputy Prime Minister/Foreign Minister, held a phone call with Denmark's Foreign Minister Lars Løkke Rasmussen on Friday. Dar briefed Rasmussen on Pakistan's response to India's accusations and actions, rejecting the decision to suspend the Indus Waters Treaty as a violation of international law. The two leaders agreed to maintain close contact on regional and global issues, including at the UN Security Council, and strengthen bilateral cooperation in areas like economy and investment.
https://www.brecorder.com/news/40360742/dar-holds-telephone-conversation-with-danish-fmA group of peace activists from several countries, including those in Malta, are concerned about a ship carrying humanitarian aid to Gaza after losing contact with the crew due to drone attacks. The FFC (Fighting for Freedom and Justice) was formed last year to deliver aid to Gaza, which has been under an Israeli blockade since two months ago. Over 50,000 people have died in Gaza, and activists are calling on Israel to lift the blockade and allow humanitarian aid to reach the strip. The UN emergency relief coordinator, Tom Fletcher, emphasized that international law cannot be denied, as the situation is seen as an extension of the genocide happening in Gaza.
https://en.tempo.co/read/2003086/drone-attack-targets-aid-ship-bound-for-gaza-near-maltaIndia has banned the import of goods originating from or transiting via Pakistan amid escalating tensions following a deadly attack on tourists in Kashmir, which India blames on Pakistan. The ban, effective immediately, is aimed at national security and public policy. Suspected militants killed 26 tourists in the Pahalgam area of the Kashmir valley. Pakistan denies involvement and has retaliated with measures including halting border trade, closing airspace to Indian carriers, and expelling Indian diplomats.
https://www.malaymail.com/news/money/2025/05/03/india-bans-pakistan-imports-as-tensions-rise-over-kashmir-tourist-killings/175462India has banned the import of goods originating from or transiting via Pakistan, effective immediately, amid heightened diplomatic tensions following a deadly attack on tourists in the disputed Kashmir region. The ban is aimed at protecting national security and public policy.
https://www.thecitizen.co.tz/tanzania/news/international/india-bans-imports-from-pakistan-amid-tension-over-tourist-killings-5026676India has banned direct or indirect imports of goods from Pakistan and barred access of Pakistani ships to Indian ports in retaliation to the Pahalgam terror attack that left 26 dead, crippling bilateral trade. The move comes after India announced the closure of the Attari-Wagah land border.
https://indiatoday.in/business/story/india-bans-direct-indirect-import-export-immediate-effect-pakistan-tension-pahalgam-terror-attack-tourists-killed-2718968-2025-05-03India has suspended mail exchanges with Pakistan and banned imports of goods, as well as restricted Pakistani ships' access to Indian ports. The move comes after a flare-up along the Line of Control in Kashmir, where Pakistani troops allegedly fired across the border for the ninth consecutive night. India's military responded, calling the firing unprovoked, while Pakistan did not confirm any exchange of fire.
https://apnews.com/article/paksitan-india-ballistic-missile-kashmir-tensions-70ad575139eeef3673c0c99cbed30302India has imposed several measures on Pakistan, including a ban on imports worth $3 million, suspension of exchange of mail and parcels, closure of airspace to all aircraft registered by Pakistan, and a no-fly zone for Pakistani airlines. The move is in retaliation for the Pahalgam attack and aims to deepen economic challenges facing Pakistan. India has also suspended the Indus Waters Treaty, which governs the sharing of the Indus River system between the two countries, and downgraded diplomatic ties with Pakistan by declaring all Pakistani diplomats "persona non grata". Additionally, India has cancelled existing visas for Pakistani nationals and suspended visa services for them, except for those on long-term permits and Pakistani Hindus residing in the country.
https://www.firstpost.com/explainers/no-ships-no-imports-india-measures-taken-by-india-against-pakistan-after-pahalgam-attack-13885157.html