Washington: The United States has reignited its trade war with China, as President Donald Trump announced a sweeping 100% additional tariff on Chinese imports — a move that has sent shockwaves through global markets. The escalation follows Beijing’s reported plan to restrict exports of rare earth elements, essential materials used in manufacturing everything from smartphones Read More…
U.S. President Donald Trump has announced that all imported branded and patented medicines will attract a 100% tariff from October 1 unless the manufacturer sets up a production facility in the United States. Making the declaration on Truth Social, Trump said, “From October 1, if a pharmaceutical company does not establish its manufacturing plant in Read More…
Despite calling himself “very close” to Prime Minister Narendra Modi, U.S. President Donald Trump has slapped India with steep 50% tariffs—a mix of a 25% reciprocal duty and an additional 25% penalty for continuing to purchase Russian oil. Trump, while noting his personal rapport with Modi, defended the move, saying that countries buying Russian crude Read More…
Sweeping U.S. tariff hikes may have unsettled trade flows, but the India–U.S. partnership remains steady, anchored not in economics alone but in trust, resilience, and strategic alignment. Analysts stress that while tariffs sting, they cannot shake the deeper foundations of this relationship. Washington’s decision to impose tariffs of up to 50% on Indian goods has Read More…
Former U.S. President Donald Trump has reignited tensions over U.S.–India trade ties, claiming on Truth Social that India has now offered to slash tariffs on American goods to zero. While calling the move “positive,” Trump slammed the decades-long trade relationship as a “totally one-sided disaster,” saying the offer comes far too late. His comments follow Read More…
The United States has imposed a 50% tariff on Indian exports, effective August 27, citing New Delhi’s continued crude oil purchases from Russia. The hike combines an additional 25% penalty duty with the existing 25% countervailing duty, effectively doubling the tariff rate on Indian goods entering the U.S. According to a notification from the U.S. Read More…
India’s state-run refiners, Indian Oil Corporation (IOC) and Bharat Petroleum (BPCL), have resumed Russian crude imports for September and October after a brief pause, lured by widened discounts of about $3 per barrel on grades like Urals, Varandey, and Siberian Light. The move comes despite U.S. pressure and former President Donald Trump’s threat of steep Read More…
Washington: In a significant step towards easing trade tensions, US President Donald Trump has announced a 90-day delay in imposing a planned 145% additional tariff on Chinese goods. The move, signed into order by Trump, pushes the tariff implementation deadline to November 10 and raises hopes for a fresh trade agreement between the two nations. Read More…
Washington: U.S. President Donald Trump has firmly ruled out any trade talks with India until the ongoing tariff dispute is resolved, declaring from the Oval Office, “No, not until the tariff dispute is settled.” His strong stance follows the decision to double tariffs on Indian imports to 50%, citing India’s continued oil trade with Russia Read More…
New Delhi: Prime Minister Narendra Modi has issued a strong rebuttal to U.S. President Donald Trump’s tariff hike on Indian exports, declaring that India will not compromise on the interests of its farmers, dairy producers, or fishermen—no matter the cost. Speaking at the M.S. Swaminathan Centenary International Conference, Modi emphasized the government’s unwavering stand on Read More…