Skip to main content

Indian Entrepreneur To Leave Canada Over Bureaucratic Troubles, Post Viral

An Indian-origin entrepreneur running an artificial intelligence (AI)-powered Foodtech platform in Canada has gone viral after announcing his plans to leave the country. Maulik Pandya, the CEO and founder of Eatance, took to LinkedIn to announce his decision after enduring a bureaucratic nightmare where he faced a "new trap from the Canadian system" almost every day. "We are leaving Canada. We made this decision through tears. We are dissolving our beautiful nest we built with love as family of four with two wonderful daughters," wrote Pandya. "We did not come to this lightly. We have spent many sleepless nights, cried and watched our mental health and physical health fade," he added. Pandya said his family's journey in Canada was cut short owing to the bureaucratic hurdles that led to issues regarding her daughter's education and the company's future. Pandya said he kept losing money while paying taxes, creating jobs and contributing to th...
Post a Comment

Trump Issues 8-Pointer 'Non-Tariff Cheating' Warning Amid 90-Day Pause

US President Donald Trump on Sunday issued an eight-point 'non-tariff cheating' list, warning countries of non-tariff-related offences that could spoil relations with the US. The warning came days after Trump announced a 90-day pause on his sweeping tariffs on all countries, barring China.

In the eight-point list, Trump mentioned currency manipulation - an accusation he has made previously on some countries for deliberately devaluing their currencies to make their exports more competitive while making US products costlier abroad. Another warning is about Value-Added Taxes (VATs) that are applied to imports but refunded on exports in many nations.

The Republican leader also warned countries of dumping below cost, export and other government subsidies, protective agricultural standards, counterfeiting, piracy, and IP theft, and transshipping to evade tariffs.

He also warned of protective technical standards, citing Japan's 'bowling ball test' - a claim Trump made first in 2018.

According to Trump, Japan uses a so-called "bowling ball test" to cheat US auto companies out of selling cars to Japanese consumers. "They take a bowling ball from 20 feet up in the air and drop it on the hood of the car. If the hood dents, the car doesn't qualify. It's horrible," he had said.

Trump's 90-day pause on tariffs

On April 9, Trump announced a 90-day pause on his sweeping tariffs on all countries, barring China - a move that had seemed nearly impossible. According to Trump, who had introduced the slew of tariffs to address the alleged trade imbalance with the US, over 75 countries had negotiated and not retaliated against him - which led to the pause. During the 90 days, a significantly reduced reciprocal tariff of just 10 per cent would be in effect, he said.

A growing alarm inside the Treasury Department over the developments in the bond market was reportedly the only factor that made Trump hit a pause on his reciprocal tariff regime.

"The bond market is very tricky, I was watching it. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy. We didn't have access to lawyers, or it was just wrote up. We wrote it up from our hearts, right? It was written from the heart, and I think it was well written too, but it was written from the heart," the US President said while addressing reporters after tariff pause announcement.

US-China tariff war

Trump's administration is locked in a war of sky-high reciprocal tariffs with superpower rival China that has unnerved world markets.

While Trump put a pause on his tariffs on all countries, he announced an immediate increase in tariffs on China to 125 per cent, up from the previously declared 104 per cent, and later to a whopping 145 per cent after Beijing retaliated to his sweeping "Liberation Day" worldwide levies.

"Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America. 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. China wants to make a deal. They just don't know how quite to go about it...President Xi Jinping is a proud man. They don't know quite how to go about it, but they'll figure it out," Trump had said.

Amid the ongoing conflict, Trump said that he was confident the two countries could make a deal to end a bitter trade war.

"Yeah, we're talking to China. I would say they have reached out a number of times," he said.



from NDTV News- Special https://ift.tt/PGJRtyb
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...
Post a Comment
Read more

US Reopens Lake Michigan Airspace After Closure Over "National Defense"

US officials restricted the airspace over Lake Michigan on Sunday citing a potential new threat to national security but soon reopened the skies, as the United States and Canada respond to multiple air intrusions. The Federal Aviation Administration (FAA) announced "temporary flight restrictions" over one of the Great Lakes along the US-Canada border, designating it as "national defense airspace," one day after a similar closure over Montana led to the scrambling of US fighter jets. The Montana closure was ordered over a "radar anomaly," but no object was discovered. Similarly, the Lake Michigan restrictions were lifted shortly after they were announced, apparently with no threat detected. "The FAA briefly closed some airspace over Lake Michigan to support Department of Defense activities. The airspace has been reopened," the agency said in a statement to AFP. Sunday's action over Lake Michigan marked the latest move to address a series ...
Post a Comment
Read more

Watch: Anupam Kher Takes Satish Kaushik's Daughter Out For Lunch

Anupam Kher may be a busy actor but he always makes sure to take time out for his late friend and actor Satish Kaushik's daughter Vanshika. The two recently dined together at the 10-year-old's favourite hotel, the JW Marriot in Mumbai.  Sharing a video from the lunch outing, Vanshika Kaushik wrote, "Papa and I came often to Marriott for breakfasts and lunch's. Wonderful to repeat the routine with my favourite Anupam uncle. And how can we not make a reel together? Bullet for u (heart emoji) with the one and only #Anupam Kher".  Watch the clip below:  View this post on Instagram A post shared by vanshika kaushik (@vanshika_kaesthetics) In the short video, Anupam Kher is seen making goofy faces with Vanshika.  The 10-year-old shared the clip just a few hours ago, and since then it has accumulated more than 530,000 views and over 35,000 likes. In the comment section, internet users praised the actor for keeping his pr...
Post a Comment
Read more