TOI correspondent from Washington : Tariffs? What tariffs? In a resounding rebuff to US efforts to corral its manufacturing might and gargantuan growth, China announced a $ 1 trillion trade surplus with the world on Monday, leaving Washington, New Delhi, Brussels among others capitals wringing their hands. It is the first time in human history…
For more than two and a half hours, the nine justices—and three lawyers—debated whether Trump overstepped his authority when he imposed sweeping global tariffs, ostensibly to tackle national emergencies tied to trade deficits and illegal fentanyl imports. Justices from across the ideological spectrum expressed doubts that Trump’s tariffs are authorized by a 1977 law that…
Key stock indices on Wall Street were mixed on Thursday after mixed financial reports from major technology firms and comments from Federal Reserve Chair Jerome Powell raised doubts about further interest rate cuts this year. On Wednesday, the Federal Reserve lowered interest rates by 25 basis points but Chair Jerome Powell signaled a subtle shift…
The leader of Ontario declined to apologize for sponsoring an anti-tariff television commercial that US President Donald Trump used as a reason to terminate high-stakes trade talks with Canada. Ontario Premier Doug Ford speaks to the media during a press conference at Queen’s Park in Toronto on Monday.(AP) “We have achieved our goal, to make…
President Donald Trump announced new tariffs on Canada on Saturday, but he said there is a good chance of a “comprehensive deal” to cool trade tensions with China. The split screen emerged this weekend as Trump kicked off his first trip to Asia this term, a three-country sprint expected to focus heavily on trade. Trump…
US President Donald Trump confirmed that his administration will move ahead with plans to impose a 155 per cent tariff on Chinese imports from November 1, even as he claimed to prefer maintaining friendly relations with Beijing. The announcement came during a press interaction where Trump was asked whether Washington would consider new tariffs on…
Xi Jinping’s Power Move Before Meeting Trump; Fires Top Chinese Generals In Latest Purge A major shake-up rocks China’s Communist Party as President Xi Jinping expels top military generals in a sweeping purge. The Chinese Ministry of Defence confirmed that several high-ranking officials, including He Weidong, vice-chair of the Central Military Commission, and Miao Hua,…
US Treasury Secretary Bessent announced on Wednesday (October 15) that 85 US senators are willing to grant President Donald Trump the authority to impose tariffs of up to 500% on China for purchases of Russian oil Bessent said, “85 US senators are willing to give President Trump the authority to put up to 500% tariffs…
Oct 14, 2025 2:33 PM IST US Stock Market Live Updates: Why Are Michelin Shares Down 9% Michelin shares fell after the tiremaker lowered its financial guidance for the year following a bigger-than-expected sales slump in North America. The stock declined as much as 11% in Paris on Tuesday, the steepest intraday drop in more…
Topline U.S. stock futures rose early on Monday as President Donald Trump and Vice President JD Vance signaled they are open to a deal with China to de-escalate trade tensions, after the president threatened to impose an additional 100% tariff on Chinese goods on Friday in response to Beijing’s expansion of export controls on critical…