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US President Donald Trump Donald Trump has again pushed his tariff strategy against China, saying Europe could end the Ukraine war if it imposed sanctions on Beijing. He asserted that China is “the biggest buyer of Russian oil by far.“In an interview with Fox News, when asked, “Did you tell UK PM Starmer that Europe…
Russia slammed US tariff threats against India and China, calling them “ancient civilisations” and claiming that threat to them “won’t work,” and that both the nations are unlikely to bow down to ultimatums.Speaking on Russia’s main Channel 1 TV programme “The Great Game,” Foreign minister Sergei Lavrov said, “Both China and India are ancient civilisations….
At a Merchant Chamber of Commerce & Industry event, the CEA said, “I do believe the penal tariff will not be there after Nov 30.” (AI image) Amid ongoing India-US trade deal talks, the Chief Economic Advisor (CEA) V Anantha Nageswaran has expressed optimism about matters being resolved soon. Nageswaran expects the penal tariffs by…
A soya farm (Representational AI image) The TOI correspondent from Washington: The reason behind American trade overtures towards India amid punitive tariffs, manifested in President Trump’s friendly messages to Prime Minister Modi and sending a key trade negotiator to New Delhi, lies not just in the chambers of commerce in Washington DC, but in the…
The European Union on Wednesday unveiled its strongest plan so far to pressurise Israel to end the war in Gaza, which has now dragged on for 23 months. EU foreign policy chief Kaja Kallas has called on the bloc’s 27 countries to raise tariffs on some Israeli goods and place sanctions on Israeli settlers, as…
Former US national security advisor John Bolton said that the punitive tariffs imposed by the US on India under President Donald Trump have complicated negotiations. He described the US tariff policy on India as a mistake and said the priority should be reaching a deal that lowers tariffs while keeping negotiations open.“I think the whole…
India’s current account deficit (CAD) is expected to remain under control at around 1% of gross domestic product (GDP) in the current financial year, even as the economy faces pressure from steep US tariffs and global geopolitical uncertainties, according to a report by rating agency Crisil.Crisil said the deficit will stay “manageable” thanks to resilient…
Indian stock markets managed to post “positive returns” in 2025 despite sweeping US tariffs, supported by strong domestic fundamentals, resilient consumption, and recent GST reforms, according to reports.“We believe markets have now priced in the uncertainty around tariff-related decisions,” noted Bank of Baroda economist Sonal Badhan in a report.Other markets, including the UK and Indonesia,…
About one-third of Indian exports to the US face no tariffs, indicating that the actual impact on tariff-affected goods is significantly higher. (AI image) India’s exports to the US have fallen for the third straight month in August as Donald Trump administration’s 50% tariffs came into effect. According to Global Trade and Research Initiative founder…
Retail spending in the US exceeded expectations in August, rising 0.6 percent month-on-month, government data showed on Tuesday, even as President Donald Trump’s tariffs continue to impact the global trade environment. On a year-on-year basis, retail sales climbed 5 percent.The Commerce Department data highlighted that motor vehicle and parts dealers saw a 0.5 percent increase…
