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Donald Trump announced a 25% tariff on Indian goods, effective August 1, criticising high trade barriers and India's ties with Russia. His Truth Social post accused India of unfair practices and dependency on Russian military and energy supplies
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US President Donald Trump made the remarks even as countries strive to reach deals with the US to avoid or minimise the impact of steep “reciprocal” tariffs that are set to take effect on August 1
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Trump’s tariff threat is a risky shortcut that could deepen uncertainty, provoke retaliation, and ultimately isolate the US from the very trade flows it seeks to dominate
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President Donald Trump warned of an additional 10% tariff on countries aligning with BRICS’ “anti-American policies,” following criticism from the bloc. He also announced that tariff-related letters and trade deal notifications will be sent out starting July 7.
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China's purchasing managers' index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. PMI is measured on a scale from 0 to 100, where 50 marks the cutoff between expansion and contraction
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Tesla has been reeling from protests and boycotts over Musk wading into politics, but it also faces other factors including an aging model lineup and intensifying competition from rival electric vehicle brands, particularly from China
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Apple, led by CEO Tim Cook, in response to Trump’s tariffs on China is looking to shift iPhone manufacturing to India as it adjusts supply chains
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Time Cook announced that Apple will source majority of iPhones sold in the US from India in the June quarter while China will produce the vast majority of devices for other markets amid uncertainty over tax tariffs
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US President also tells Apple CEO Tim Cook to give up plan of setting up more manufacturing facilities in India
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US Vice President JD Vance’s visit to India helped in removing uncertainties surrounding the new tariff regime and cleared the way for finalising a trade agreement between the two countries
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India should focus on expanding trade with developed countries rather than developing nations, leveraging its skilled and cost-effective labour advantage
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The yellow metal will remain attractive as long as global policy uncertainty and trade issues persist, say experts
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Trump administration’s decision to freeze $2.2 billion in grants to Harvard University, as a punishment for refusing to toe the line and comply with a list of ‘unlawful’ demands from the federal government, reflects an authoritarian mindset
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The fact that Vietnam, Malaysia, and Cambodia are all countries impacted by Trump’s tariffs provides Beijing an opportunity to project how it would act as a responsible superpower, one of China's long-time stances
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Trump’s leadership has always hinged on unpredictability and bravado, giving him an aura of a disruptor and a divider
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Silver also registered a steep rise of Rs 2,300 to Rs 95,500 per kg, largely in tandem with global trends
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By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival
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Sanjay Malhotra said that trade tariff related measures have clouded the economic outlook across regions, posing risk of new headwinds for global growth and inflation
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The Indian currency logs the maximum single-day loss on April 8. It earlier recorded such a steep loss in one session on January 13 this year, when it had depreciated by 66 paise
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The rebound followed a wild day on Wall Street as US stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher
