The United States and China have agreed to extend their tariff truce for an additional 90 days. Originally set to expire on Aug. 12, the agreement now runs until Nov. 10, ensuring that key imports such as electronics, apparel, and toys enter the United States with reduced tariff rates in time for the critical Christmas…
NEW DELHI: Commerce and industry minister Piyush Goyal Saturday said that India managed to get extensive benefits without making any compromises under the Comprehensive Economic and Trade Agreement (CETA) with the UK.“We have protected many of our sensitive items like rice and sugar. Dairy has not been opened, so is ethanol. India has kept itself…
By Howard Schneider WASHINGTON (Reuters) -The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs. Trump appeared near the point of trying to fire…
Tesla (NASDAQ:TSLA) just opened its first showroom in India, aiming to reboot growth as sales soften in its core U.S. and China markets. The 4,000-square-foot location in Mumbai’s Bandra Kurla Complex debuted with two Model Ys on displaypriced at $69,757 and $79,000 depending on range. That’s significantly higher than U.S. pricing, a result of India’s…
China and the United States de-escalated their bruising trade war in talks last month (Hector RETAMAL) China’s exports jumped in June, official data showed Monday, beating forecasts in a month when Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other. Data from the General Administration of Customs said exports rose…
The Trump administration began sending letters on Monday to U.S. trade partners that higher import tariffs could kick in by Aug. 1. President Donald Trump’s 90-day pause on the April 2 “reciprocal” tariffs was set to end Wednesday. Trump signed an executive order Monday delaying Wednesday’s tariff deadline by a little over three weeks. Trump…
The Trump administration’s latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday.In a sharply-worded statement, the American Automotive Policy Council (AAPC) said the US-UK trade deal “hurts American automakers, suppliers, and auto workers,” according to the group’s president Matt Blunt.The…
Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…