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

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

The United States and China have reached a pivotal agreement to pause their escalating trade war, marking a temporary 90-day truce in which both nations will significantly reduce tariffs on each other’s goods. The announcement followed intensive trade talks held in Geneva, signaling a breakthrough in the long-standing dispute between the two largest global economies. Under the terms of the agreement, the United States will lower its tariffs on Chinese imports from an extreme

The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis

In a significant escalation of tensions following the deadly terror attack in Pahalgam, the Indian government has announced a complete ban on all imports from Pakistan. The decision, announced by the Ministry of Commerce, comes in the wake of mounting national security concerns and is seen as part of a broader strategy to isolate Pakistan diplomatically and economically on the global stage. The notification issued by the Indian government clearly states that "direct or indirect

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

 Adidas has confirmed that U.S. tariffs introduced under former President Donald Trump will eventually lead to price increases on all of its products sold in the American market. The German sportswear company made the statement on Tuesday while presenting a strong financial performance for the first quarter, though it acknowledged that continued global trade uncertainty was holding back its growth forecast. The sportswear giant said it could not yet determine exactly how much

In a significant escalation of the ongoing trade dispute between the United States and China, Chinese airlines have ceased accepting deliveries of Boeing aircraft. This development follows the imposition of steep tariffs by both nations, with the U.S. levying a 145% tariff on Chinese imports and China retaliating with a 125% tariff on U.S. goods, including aircraft. The suspension of deliveries has led Boeing to consider alternative markets for its aircraft. With approximately 50

US Vice President JD Vance began his four-day visit to India on Monday, launching a strategic mission to deepen trade, defense, and energy partnerships with the South Asian nation. Arriving in New Delhi with his wife Usha and their children, Vance is engaging in high-level meetings and cultural visits, underscoring the personal and diplomatic importance of the trip. At the center of this visit is a scheduled meeting between Vance and Prime Minister Narendra Modi. The two leaders are expected to

India and the United States are preparing to open formal discussions this week on a comprehensive bilateral trade agreement, taking advantage of a 90-day pause in escalating tariffs. The two nations, long-standing economic and strategic partners, are moving to resolve trade tensions and explore deeper commercial engagement at a time when global trade is under pressure from protectionist trends and economic uncertainty. The initial discussions will be conducted virtually, with officials from both

 China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

  In a major escalation of the ongoing trade conflict between the United States and China, Beijing has announced a significant hike in tariffs on American goods, raising import duties from 84% to 125%. The move, confirmed by the Chinese finance ministry on Friday, is a direct response to recent tariff increases imposed by the U.S. administration. It marks one of the most severe retaliatory actions taken by China in the prolonged dispute that has gripped global markets and resha

  India's Minister of Commerce and Industry, Piyush Goyal, has expressed confidence that the recent tariff hikes announced by U.S. President Donald Trump could present an opportunity for India to strengthen its position in global trade. In response to the sudden shift in the U.S. trade stance, Goyal stated that India is well-positioned to benefit economically from the new environment created by America's protectionist approach. Trump recently declared a s

China has issued a stern warning in response to former President Donald Trump’s latest tariff threat, pledging to fight back with equal force if the United States raises duties on Chinese goods to a staggering 104%. The Chinese Commerce Ministry declared it would “resolutely” take all necessary countermeasures to defend the country’s economic interests, reinforcing its position that any trade war escalation would be met with firm resistance. Trump announced o

India is adopting a cautious and calculated approach to the impending announcement of U.S. President Donald Trump’s “reciprocal tariffs,” set to be revealed on April 2. Unlike many other major economies that have opted for more immediate reactions, India is choosing to assess the actual impact of these tariffs before determining its response. This considered stance reflects India’s broader strategy in evaluating trade deals and tariffs. Indian officials have indicated

Washington: As anticipation builds over US President Donald Trump's so-called "Liberation Day" tariff announcement, the White House has confirmed there will be no exemptions in the new wave of reciprocal tariffs. Speaking at a press briefing on Monday, White House spokesperson Karoline Leavitt made it clear that these tariffs are aimed at putting an end to what the administration calls decades of "unfair trade practices" against American exporters. President Trump has

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

As Canada prepares to host the G7 foreign ministers summit, Foreign Minister Mélanie Joly is set to raise urgent concerns over the escalating trade war with the United States and perceived threats to Canadian sovereignty. Joly intends to warn her European and British counterparts that if the United States can impose aggressive tariffs on Canada, their closest ally, then no nation is truly safe from similar economic tactics. Despite the G7's official agenda focusing on Ukraine, the

US Vice President JD Vance is set to visit India later this month, marking his second international trip since assuming office. Accompanying him on this visit will be Second Lady Usha Vance, who will visit her ancestral homeland for the first time in her official capacity. This visit follows JD Vance’s recent diplomatic trips to France and Germany, where he attended the Munich Security Conference and made headlines with his sharp critique of European governme

Ottawa: Following his decisive victory in the Liberal Party leadership race, Mark Carney is set to become the next Prime Minister of Canada. With 85.9% of votes in his favor, Carney’s leadership marks the beginning of a new chapter for Canadian politics. Carney’s rise to power brings with it a promise to mend India-Canada ties, which reached their lowest point during Justin Trudeau’s tenure. The 59-year-old former banker has expressed his intent to rebuild diplomatic relatio