A hot dispute has erupted between President Donald Trump’s business advisor, Tesla’s CEO, and Peter Navarro. The quarrel center around Trump’s comprehensive tariff policy, Navaro defended the policy and Kasturi expressed his opposition. The debate began when Navaro criticized Musk’s electric vehicle company, Tesla during a television appearance, stating that Musk exceeds the “car assembler” … Read more
India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America. Below are some of the key points: Tariff rate and comments on India A flat 26% tariff was imposed on all goods being exported by India to the United States, … Read more
Washington: Stocks slumped, bonds surged, and gold hit a new high as markets braced for the impact of US President Donald Trump’s sweeping reciprocal tariffs on Thursday. Trump announced a baseline 10 per cent tariff on all imports with far higher levies on some trading partners, particularly in Asia. US stock futures were under pressure … Read more
White Press Secretary after press briefing on Tariffs. Berlin: Germany warned Wednesday that trade wars hurt “both sides” as Europe’s biggest economy braces for US President Donald Trump to announce wide-ranging new “Liberation Day” tariffs. “The costs of a trade war do not fall on one side but can become expensive for both sides,” government … Read more
US President Donald Trump’s announcement of a 25 per cent tariff on imported automobiles and auto parts – and the 25 per cent levy on steel and aluminium imports announced two weeks ago – mark a significant escalation in a global trade war brewing since he took oath in January. The auto tariffs will come … 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
Washington, United States: US President Donald Trump’s use of tariffs as a blunt weapon to extract concessions on everything from commerce to immigration and drug trafficking could redraw global trading norms, analysts say. Since his inauguration on January 20, Trump has unveiled and paused blanket tariffs on Canadian and Mexican goods over migration and illegal … Read more