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…
Chauhan pointed out that the U.S. is facing a combination of challenges simultaneously. While the U.S. society is getting older and poorer, the U.S. government is increasingly getting uncomfortable with a multi-polar world. “Currency (dollar), defence and IP have been the only focus of the US. They tried to remove manufacturing, which was polluting. China…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…