Mumbai: Moody’s Analytics has dropped India’s development forecast for 30 basis points for 2025 from baseline IT forecast in March, after the latest announcement of US tariffs. “Although US President Donald Trump has announced a 90-day freeze on most rigid tariffs declared a week ago and implemented 10% blanket tariffs in his place, April Baseline … Read more
New York: Wall Street’s shares were added to early trade on Wednesday as the markets digest the latest tariff growth by the United States and anti -retracted steps by China and the European Union. The trading was about 15 minutes, Dow Jones Industrial Average was 0.5 percent at 37,465.28. The broad-based S&P 500 0.1 percent … Read more
Washington: Continuing his economic attack, US President Donald Trump said on Tuesday that Washington soon plans to announce a “major” tariff on drug imports. One of the most dependent domestic industries on trade with the US pharmaceuticals sector, the US, can be greatly affected by the move. Speaking at an event in the National Republican … Read more
The Chinese Foreign Ministry spokesperson said on Monday as US President Donald Trump described the “mutual tariff” as a bullying, saying that threats and pressure are not the right way to deal with China. Tariffs are “specific unilateral and protectionism, and economic bullying”, spokesperson Lin Gian said in a regular press conference, saying that American … Read more
New Delhi: A Government of India official said that India is not planning to retaliate against US President Donald Trump’s 26 percent tariff, which is cited by the ongoing conversation for a deal between countries. Prime Minister Narendra Modi’s administration has focused on a section of Trump’s tariff order that provides a possible vengeance to … 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
Beijing: China on Thursday said it “firmly opposes” sweeping new US tariffs on its exports and vowed “countermeasures to safeguard its own rights and interests”. US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading … 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