The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer have begun meetings in Geneva … Read more
President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the U.S. In a post Sunday night on his Truth Social platform, Trump said he has authorized the Department of Commerce and the Office of the U.S. Trade Representative to slap a 100 per cent tariff “on any and … Read more
President Donald Trump is holding a rally in Michigan on Tuesday to mark the first 100 days of his second term, staging his largest public event since returning to the White House in a state that has been especially rocked by his steep trade tariffs and combative attitude toward Canada. Trump is making an afternoon … Read more
The U.S. and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8 per cent this year, down from its forecast in January of 3.3 per cent, according … Read more
Indian equities rallied over 2% this morning – following its Asian peers – as US President Donald Trump hinted at relief from steep tariffs in the automobile sector. Sensex, the 30-pack index of the Bombay Stock Exchange opened over 1,500 points higher while Nifty regained the 23,000 level, boosted by a surge in automobile stocks. … Read more
New Delhi: India will never negotiate at gunpoint, nor will it hurry into any deal over issues that are in the interest of its people, Commerce Minister Piyush Goyal said after Donald Trump’s move to “pause” the reciprocal tariffs Washington had imposed on New Delhi for a period of 90 days. The move was seen … Read more
Mumbai: Union Minister for Commerce and Industry Piyush Goyal stated that the Government is working on a bilateral trade agreement as was decided between Prime Minister Modi and US President Trump in February. His remarks came in the face of the tariffs imposed by Trump’s administration. Piyush Goyal assured the businesspersons that the government is … Read more
President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war. Trump’s threat, which he delivered on social media, came after China said it would retaliate against U.S. tariffs announced last week. “If China does not withdraw its 34 … Read more
Eager fans will have to wait a little longer to reserve their Nintendo Switch 2 in the US after Nintendo delayed pre-orders for its next console in the country in light of widespread international tariffs announced by the Trump administration. The company said the Switch 2’s launch date of June 5 would not change, but … Read more
US President Donald Trump’s tariffs have unleashed chaos across the globe, plunging Indian equity markets to their 10-month low. Sensex opened nearly 4,000 points lower, sliding over 3.5% since its last trading session, while Nifty tanked over 1,000 points this morning. The crash follows a massive sell-off in Asian equities, panicked by Trump’s radical policies, … Read more