WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o

United States President Donald Trump has once again defended his administration’s tariff policies, claiming that the strategy has played a major role in strengthening the U.S. economy and boosting the stock market. Since returning to office for his second term, Trump has emphasized a renewed focus on economic nationalism, arguing that countries trading with the United States must pay tariffs determined by the government to protect American interests. In his latest remarks, Trump a

US President Donald Trump has reignited debate over the influence of the BRICS bloc, claiming that the group represents “an attack on the dollar” and warning that countries joining it could face tariffs from the United States. Trump made the remarks during a bilateral lunch with Argentine President Javier Milei at the White House, reiterating his stance on protecting the dominance of the US dollar in global trade. Speaking to reporters, Trump asserted that the United States woul

The United States has warned that steep tariffs could soon be imposed on China if Beijing proceeds with its newly announced restrictions on rare earth exports, heightening concerns of another trade confrontation between the two largest economies in the world. U.S. Trade Representative Jamieson Greer said Tuesday that the decision now rests largely on China’s next actions, suggesting that the situation remains fluid in the run-up to a crucial diplomatic meeting later this month. Pr

External Affairs Minister S Jaishankar met United States Secretary of State Marco Rubio in New York on Monday, just before the start of the 80th session of the United Nations General Assembly. The meeting, held at the Lotte New York Palace, marked their first in-person engagement since the United States announced an additional twenty-five percent tariff on India in response to Delhi’s purchases of Russian oil, which raised the total tariff burden to fifty percent. This face-to-face discuss

In response to rising trade tensions, the Prime Minister’s Office (PMO) will convene a high-level meeting on August 26, 2025, to discuss measures for Indian exporters facing the upcoming 50% tariff on goods entering the United States. This tariff increase, which comes into effect starting Wednesday, marks a significant escalation, with the US government doubling existing duties on Indian imports. Sources famil

Home Depot is preparing for modest price increases on select products as new tariffs begin to take effect, marking a shift from the company’s earlier stance that it would avoid raising costs for customers. Just a few months ago, company executives expressed confidence that diversified sourcing strategies would help shield shoppers from tariff pressures. However, officials now acknowledge that some categories will see adjustments, though not across the boar

US President Donald Trump has once again taken a hardline stance on trade, defending his controversial tariff policies and warning of dire consequences if they are overturned. Among his recent moves was the imposition of a 50% tariff on Indian imports — a decision that has already sparked concerns in business and diplomatic circles. The tariffs, part of a broader trade strategy, have significantly impacted goods coming from India, including gems, jewelry, and other key exports

US Senator Lindsey Graham, a close ally of President Donald Trump, has issued a direct warning to India, China, and Brazil over their continued purchase of oil from Russia, suggesting that these nations could face severe economic consequences. Speaking during a live interview on Fox News, Graham revealed that the Trump administration plans to impose a 100% tariff on oil imports from countries that maintain trade relations with Russia. This bold statement comes

President Donald Trump has announced a major trade deal with Indonesia, declaring that the United States will now enjoy full market access to the Southeast Asian country. According to the President, Indonesia will impose a reduced 19% tariff on its exports to the United States, while American exports to Indonesia will be completely exempt from both tariffs and non-tariff barriers. In his statement, Trump also claimed that India is working along the same lines as Indonesia in its ongoing trade ta

In a bold and unexpected move, the President of the United States has announced a 50 percent tariff on all imports from Brazil. The announcement deviated from usual trade policy rhetoric and was directly linked to the ongoing prosecution of Brazil's former president Jair Bolsonaro. The President emphasized that the tariff decision was not based on trade deficits or economic concerns but was instead a response to what he termed an unfair legal attack on Bolsonaro, who he described as a person

Amazon is set to extend its annual Prime Day event to four full days in 2025, marking the first time the company has taken this step since the shopping holiday was introduced in 2015. What began as a 24-hour promotional campaign to celebrate Amazon's anniversary has since grown into one of the most anticipated e-commerce events globally. This year, Amazon is not only spreading its deals across a longer period but is also tailoring special perks to attract younger shoppers, particularly those

China has issued a firm response to remarks made by United States President Donald Trump regarding the imposition of additional tariffs on countries aligning with the BRICS bloc. The Chinese government strongly opposed what it described as the coercive use of tariffs in international diplomacy, saying such tactics undermine global cooperation and stability. The statement came after President Trump warned that the United States could impose an extra 10 percent tariff on imports from countries tha

  As the United States celebrates its 249th Independence Day, it’s not only a time for fireworks and patriotic festivities, but also a chance to reflect on the global web of events that shaped the birth of the most powerful modern democracy. While the American Revolutionary War is often remembered as a fight led by George Washington against British colonialism, few remember how the economic and geopolitical struggles of another region—India—played an indirect

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

The cost of tariffs remains one of the most contentious and difficult aspects of international trade policy. While politically charged, the real impact on American consumers can be analyzed by modeling how the proposed tariffs influence retail prices of everyday goods. A detailed analysis by retail consultancy AlixPartners shows just how significantly shoppers might feel the pinch under former President Donald Trump’s proposed and existing tariffs, particularly when it comes to commonly

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

On May 16, 2025, U.S. President Donald Trump once again reiterated his claim that India had offered a zero-tariff trade deal to the United States, in a move he framed as part of his broader efforts to mediate peace between India and Pakistan. During an interview, President Trump emphasized that his engagement in regional diplomacy and trade had led to a de-escalation of tensions between the two South Asian neighbors. His comments come amid a charged geopolitical backdrop and continuing discussio

India and the United States are stepping up efforts to finalize the first phase of a bilateral trade agreement by early July, with a high-level Indian delegation set to travel to Washington in the coming weeks to lead negotiations. Commerce and Industry Minister Piyush Goyal is expected to head the talks, signaling a strategic shift from the original plan that aimed for a broader agreement later in the year. Sources familiar with the negotiations indicated that both sides are opti