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New Delhi: Govt is unlikely to rush ahead with a package to aid exporters hit by Trump’s 50% tariff as it is yet to get a full assessment of the situation. Finance minister Nirmala Sitharaman told reporters she is seeking feedback from textiles and marine exporters, seen to be worst affected even as the impact…
China has agreed to hold a fresh round of trade talks with the US “as soon as possible,” as both economic giants aim to avoid another cycle of damaging tariffs. The decision followed a video call between Beijing’s chief negotiator, Vice Premier He Lifeng, and US treasury secretary Scott Bessent. State news agency Xinhua, on…
Palmer Luckey, the founder of Silicon Valley defence software company Anduril Industries, has claimed that the US defence manufacturing supply chain is too reliant on China. These remarks were made during an interview with Bloomberg TV, shortly after US President Donald Trump announced that the US would impose a 100% tariff on Chinese imports. “We…
US president Donald Trump (AP photo) NEW DELHI: In a striking echo of his predecessor, US PresidentDonald Trump on Wednesday made an embarrassing gaffe as he confused India with Iran. Twice. While repeating his rant about negotiating a ceasefire between New Delhi and Islamabad, he referred to India as Iran, calling it a nuclear nation.Trump…
China on Wednesday termed Donald Trump‘s 100% tariff threat as the “wrong approach” to deal with Beijing, as it went on to defend its export control measures on rare earths and related items. It called upon the States to address issues through dialogue and consultation on the “basis of equality, respect and mutual benefit”.“China’s position…
China broke its silence on the American technology giant Qualcomm that had faced action from Chinese authorities hours before the US President announced his threat to impose 100% extra tariff on China, starting November 1. On October 10, China’s market regulator State Administration for Market Regulation (SAMR) launched an anti-monopoly investigation into US semiconductor giant…
In India, growth is projected to be 6.6 percent in 2025 and 6.2 percent in 2026. (AI image) The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth outlook for 2025 to 6.6% from 6.4% earlier, while downgrading the GDP growth projections for 2026 to 6.2%.“In India, growth is projected to be 6.6 percent…
India, the world’s largest importer of cooking oil, needs a predictable and transparent multi-year tariff framework for edible oils to end a decade of policy volatility that has distorted prices and discouraged investment, a new study has found.The research titled “Tariff Volatility and Stakeholder Dynamics in India’s Edible Oil Sector” — jointly conducted by the…
Major technology companies suffered their worst single-day losses since April last week, with Amazon, Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump‘s threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10…
China’s overseas soared in September, beating analysts’ expectations, despite the ongoing trade tensions with the United States, according to official data.China’s exports in September hit a six month peak, surging 8.3% year-on-year to $328.5 billion, beating economists’ expectations, according to customs data released Monday. The growth far outpaced August’s 4.4% rise and exceeded Bloomberg’s forecast…
