India on Thursday reacted cautiously to US President Donald Trump’s sweeping tariffs with exporters saying the flat 26 percent on exports imposed on fifth-largest economy could have been far worse. Indian stocks fell at the open of trading on Thursday, with the benchmark Nifty index trading nearly 0.3 percent down in morning trading. Trump said … Read more
Hong Kong: Equity markets suffered a bloodbath Thursday after Donald Trump delivered a “haymaker” blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Tokyo’s Nikkei led an Asian selloff, collapsing more than four per cent, while US futures plunged, safe … Read more
New Delhi: As US President Donald Trump’s April 2 deadline to impose reciprocal tariffs approaches, stakeholders are in the dark about their implementation as Washington moves towards negotiations of a fresh trade agreement with India. How the reciprocal tariffs, meant to remedy the massive trade deficit US faces, will impact Indian businesses will depend on … Read more
New Delhi: Amid US President Donald Trump’s reciprocal tariff threats, Indian and US officials held talks in New Delhi this week to discuss trade issues, including tariff reduction and easing of non-tariff barriers. The two sides also decided to hold sectoral talks under the proposed bilateral trade agreement (BTA) in the coming weeks, India’s commerce … Read more
The impending tariffs on India, set to take effect next month, may have far-reaching consequences for the US healthcare system. Indian Commerce Minister Piyush Goyal’s recent unscheduled visit to the US was an attempt to negotiate a trade deal and mitigate the impact of these tariffs on India’s pharmaceutical exports. The US relies heavily on … Read more