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…
US President Donald Trump hiking up tariffs on Indian imports to 50 per cent has not gone down well with senator Gregory Meeks, who said the move puts the relationship that New Delhi and Washington have fostered over the years at risk. FILE PHOTO: President Donald Trump and Prime Minister Narendra Modi shake hands(REUTERS) Reacting…
India received support from unlikely quarters amid Donald Trump’s aggressive tariff moves after Chinese ambassador Xu Feihong called the US a “bully” as it doubled the tariffs on New Delhi to 50%. “Give the bully an inch, he will take a mile,” Xu said, pointedly criticising the White House without naming Trump. The remark is…
China on Thursday criticised the United States for imposing steep new tariffs on India over its continued purchase of Russian oil, calling it a clear case of “tariff abuse” and urging restraint. The strong response came after US President Donald Trump signed an executive order placing an additional 25 per cent tariff on Indian goods,…
Brazilian President Luiz Inacio Lula da Silva said on Tuesday that he will not call US President Donald Trump, saying Trump does not want to talk. Lula referred to the day the tariffs were imposed as “the most regrettable” day in the bilateral relations between the countries. Instead, Lula said will speak with other world…
India, driven by the principle of Vasudhaiva Kutumbakam—“The world is one family”—aims to strike mutually beneficial agreements, including with the United States. Rooted in ancient Indian philosophy and often referenced by PM Modi, the phrase reflects India’s commitment to global unity and shared responsibility. However, this ethos is being tested by the ongoing tariff dispute…