Updated on: Nov 05, 2025 09:53 am IST China has announced that it will be suspending its 24 percent tariff on US goods for one year but will keep a 10 percent levy for certain goods. China has announced on Wednesday that it will be suspending its 24 percent tariff on US goods for one…
FILE – President Donald Trump, left, shakes hands with China’s President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka. AP/PTI(AP10_13_2025_000160B) US Treasury Secretary Scott Bessent has accused China of attempting to undermine the global economy by imposing export controls on critical rare earth minerals and resources essential for technology…
For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust trade hostilities back in…
Last Updated:October 08, 2025, 07:34 IST India was hit with a 25% tariff, followed by an additional 25% penalty on its purchases of Russian crude oil. File photo of Gita Gopinath. Harvard University professor and former IMF Chief Economist Gita Gopinath has given a “negative score” to US President Donald Trump’s tariff policy, saying that…
India-US ties: The relationship between Prime Minister Narendra Modi and US President Donald Trump entered a new phase of cautious reconciliation on Tuesday after weeks of silence and rising tensions. On September 16, 2025, President Trump phoned Prime Minister Modi to extend birthday greetings ahead of his 75th birthday. The exchange, which Modi described as…
United States President Donald Trump’s nominee for ambassador to India, Sergio Gor, said Washington and New Delhi are “not that far apart” on a trade deal, stressing that America holds its friends to different standards. Speaking before the senate committee, he said that the US expects more from India than from other nations. “We hold…
China’s Ambassador to India Xu Feihong on Monday lashed out at the US for its 50 per cent tariff on India and invited Indian businesses to China to promote their products and invest in Beijing. Talking at a press conference in New Delhi, Xu suggested an open flow of trade between India and China. “We…
Washington: A federal appeals court in the US has ruled that President Donald Trump’s global tariffs, including the 50% duties imposed on India, were illegally applied, dealing a major blow to the administration’s trade strategy while casting uncertainty over trillions of dollars in global commerce. Trump responded defiantly on his Truth Social platform, calling the…
US President Donald Trump’s 50% tariffs on Indian goods came into effect on Wednesday, August 28, raising fears of unemployment and economic challenges for India’s US-oriented exporters. The US president followed through on his threat to punish one of the world’s largest economies for its purchases of discounted Russian oil. The 50 per cent tariff…
United States President Donald Trump on Monday, August 11, extended the trade truce with China for another 90 days, delaying showdown between world’s two biggest economies. In a post on Truth Social, Donald Trump announced that he signed an executive order that would extend the tariff suspension on China by another three months. He also…