Russia on Thursday (Mar 12) accused the United States and its Western allies of whipping up “hysteria” about Iran’s nuclear ambitions, as tensions flared at the United Nations over Washington’s military campaign Operation Epic Fury against Tehran. China also slammed the US, calling it the “instigator” of the Iranian nuclear crisis. US envoy to the…
The European Parliament on Monday decided to postpone a vote on the ratification process for the trade deal with United States, days after the US Supreme Court’s ruling on tariffs, two sources said, according to Reuters. The US Supreme Court had earlier struck down Trump’s previous global tariffs. (AFP) The US Supreme Court had earlier…
US President Donald Trump on Saturday imposed a 10% “global tariff” on all US trading partners, hours after a Supreme Court ruling that struck down the Trump administration’s reciprocal tariffs imposed in April. White House officials subsequently clarified that for countries like India that have signed trade agreements with the US, tariff levels will temporarily…
True to form, US President Donald Trump has yet again used a tariff threat to warn several European nations, including Denmark, the United Kingdom, France, Germany, the Netherlands, Norway, Sweden, and Finland, in an escalation of his pursuit to acquire Greenland. The threat of tariffs of up to 25 per cent was made as people…
US-bound shipments did fall sharply after Donald Trump raised duties in 2025. But under Xi Jinping’s guidance, Chinese exporters responded with speed and ingenuity. Sales surged instead to Southeast Asia, Africa, Latin America and Europe. In many cases, goods were routed through third countries, blunting the effect of US tariffs altogether. China closed 2025 with…
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…