Trump’s tariffs on India: The 21-day deadline to impose a 25% additional tariff on Indian exports to the US ends on Wednesday. In a draft notice published on Monday, August 25, the US administration detailed its plan to impose a 50% tariff on Indian products as the August 27 deadline approaches, signalling its intent to…
Trump tariffs: Despite the Trump-Putin meeting and the Trump-Zelensky meeting, uncertainty over the Russia-Ukraine war persists, and disputes over trade tariffs are still ongoing. A strategic convergence is reshaping the world’s economic architecture in the corridors of power from Beijing to Moscow to New Delhi. What appears as diplomatic pleasantries masks one of our time’s…
Former United States Ambassador to the United Nations, Nikki Haley, warned that US-India relations are at a breaking point and must be repaired quickly if Washington hopes to contain China’s global ambitions. In a Newsweek op-ed published Wednesday, Haley said the Trump administration cannot afford to let tariffs and disputes over Russian oil drive a…
Prime Minister Narendra Modi will meet with Chinese Foreign Minister Wang Yi on Tuesday. Wang Yi is visiting India for the first time in three years. The meeting comes a day after External Affairs Minister S Jaishankar said China and India want better relations on Monday. This is the latest sign of a thaw between…
US Secretary of State Marco Rubio has acknowledged that imposing secondary sanctions on China for refining Russian oil could drive up global energy prices, even as Washington has punished India with additional tariffs for continuing to purchase crude from Moscow. Speaking to Fox News on August 17, Rubio cautioned that targeting Chinese refiners would have…
Chinese Foreign Minister Wang Yi will begin his two-day visit to India today, 18 August. India and China are expected to discuss new confidence-building measures for durable peace and tranquillity along their contested border during Wang Yi’s visit, which comes ahead of Prime Minister Narendra Modi’s China trip later this month. Also Read | ‘Resolving…
China’s $11 trillion stock market is once again in the spotlight, not for spectacular gains, but for persistent underperformance that is worrying both Beijing and Washington. As per Bloomberg, the Chinese equity market has failed to deliver returns for households, making it a key reason why consumers save more and spend less, a structural issue…
After the US imposed a 50% tariff on India, including a 25% duty for buying Russian oil, many are questioning why China was spared such action despite being one of Russia’s biggest oil buyers.US President Donald Trump said on Friday (local time) that he does not see an immediate need to impose retaliatory tariffs on…
Brazil announces $5.5B package to counter Trump’s tariffs Brazilian President Luiz Inacio Lula da Silva announced a plan on Wednesday to support exporters who have been hit by high tariffs of up to 50% imposed by US President Donald Trump on several products from the country.The plan provides credit of 20 billion reais ($5.5 billion;…
Experts believe Trump has not been able to effectively influence China with his trade war tactics. (AI image) US President Trump has extended the trade ceasefire with China by an additional 90 days, temporarily averting a potential economic confrontation between the world’s largest economies. Trump said he has been “dealing very nicely with China” as…