This became apparent after the nonreciprocal concessions made to U.S. President Donald Trump on defense spending and trade, as well as Europe’s acceptance of a junior role in handling the war in Ukraine. Moreover, from Gaza to Nagorno-Karabakh, the EU’s involvement in conflicts abroad has become largely irrelevant, either due to its lack of credible…
Trade between India and the US “is a totally one-sided disaster”, President Donald Trump said at the start of the week. By weekend, he was calling Prime Minister Narendra Modi a “great PM”, vowing that the two leaders would “always” remain friends. US President Donald Trump with Prime Minister Narendra Modi(PTI File) On Friday, Trump…
President Trump has threatened to initiate Section 301 proceedings against the European Union (EU), potentially leading to new tariffs, as the bloc fined Google $3.5 billion after concluding the tech giant had breached its competition rules with its advertising technology. Newsweek contacted Google and the European Commission, the EU’s executive arm, for comment on Saturday…
US Congressman Jonathan Jackson has slammed the Trump administration’s handling of India ties, warning that steep tariffs and poor diplomacy are pushing New Delhi closer to Beijing and Moscow. Congressman Jonathan Jackson slams Trump over tariffs, says India drifting toward China, Russia.(REUTERS File) “President Trump’s reckless 50 percent tariffs on India are tantamount to a…
Taking a U-turn from his earlier stance, U.S. President Donald Trump on Friday spoke on his post in which he claimed the U.S. was “losing India and Russia to China,” stating that he “does not think that has happened.” Responding to ANI while addressing the media at the White House, Trump also expressed disappointment with…
Few economies depend as heavily as Hong Kong on a free and open multilateral trading system. Few have as much to lose if the current US administration succeeds in disembowelling the World Trade Organization and miring international trade in tariffs and other forms of protectionism. Yet as the global trading system faces a protectionist assault,…
Donald Trump’s disastrous governance has successfully tanked America’s labor market. The federal government released another weak jobs report Friday, after the previous poor jobs report resulted in Trump lashing out and firing the Commissioner of Labor Statistics. At the time, Trump baselessly claimed that the “Jobs Numbers were RIGGED in order to make the Republicans,…
United States President Donald Trump has claimed that the US has “lost” India and Russia to “deepest, darkest China”, amid trade tensions and higher 50 per cent tariffs on Indian imports into the US. He also shared a photo of Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping at the…
American businesses could be owed tens of billions of dollars in refunds for tariffs they paid on foreign goods. U.S. Customs and Border Protection has collected more than $200 billion in tariff revenue from American businesses of all sizes through August 24, according to agency data. Of that, more than $70 billion comes from payments…
Americans are expected to rein in spending this holiday season by the most amount since the pandemic, as they continue to face pressure from high prices and tariffs. That’s according to a new survey released by accounting firm PwC on Wednesday, which predicts Americans this year will reduce holiday spending to $1,552 a person on…