Peter Navarro, a senior White House trade adviser known for his protectionist stance on global trade, has once again turned his attention toward India, this time accusing New Delhi of running what he describes as a profiteering scheme through its purchase of discounted oil from Russia. His remarks have reignited debate over the geopolitical and economic implications of India’s energy policies since the outbreak of the Ukraine war.

As tensions rise between India and the United States over trade and tariff disputes, former US Ambassador to the United Nations Nikki Haley has urged Washington not to jeopardize its long-standing relationship with New Delhi. Her comments followed President Donald Trump’s announcement of a 25 percent reciprocal tariff on Indian imports along with an additional 25 percent penalty tied to India’s continued energy trade with Russia. Haley emphasized tha

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 imposed 25% tariffs on all goods imported from Japan and South Korea starting August 1. The formal notification was delivered to the governments of both countries, accompanied by warnings that any retaliatory measures would lead to further tariff hikes above the 25% rate. The announcement sent global markets into a tailspin as investors weighed the potential fallout of rising trade tensions. The U.S. stock market opened the week with sharp declines. The

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

The G7 Summit is an annual meeting of leaders from seven of the world’s largest and most advanced democratic economies. These include the United States, the United Kingdom, Canada, France, Germany, Italy, and Japan. The European Union also takes part in the discussions as a non-enumerated participant. Together, these nations represent a small portion of the world’s population but command nearly one-third of the global GDP, giving them substantial i

In a decision that briefly stabilized markets while leaving fundamental uncertainties unresolved, U.S. President Donald Trump announced a delay in the implementation of proposed 50% tariffs on European Union goods. Originally set to begin on June 1, the tariffs are now scheduled to take effect on July 9. The delay came after a conversation between Trump and EU Commission President Ursula von der Leyen, who expressed the EU’s readiness to accelerate trade negotiations and reach a fair deal.

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

The rollback of the proposed 5% remittance tax to 3.5% by the United States government has brought major relief to Indian migrants who regularly send money home. On a $10,000 transfer, senders now save $150 (₹12,000), which is a significant benefit for families depending on overseas income for essential needs such as healthcare, education, and daily expenses. The move is especially helpful for workers in service and labor-intensive industries. India continues to be the top recipie

Gold prices fell significantly on Monday as investor confidence rebounded in response to a temporary agreement between the United States and China to ease tariffs. The development, seen as a step toward de-escalating prolonged trade tensions, prompted a shift in global risk sentiment and reduced demand for safe-haven assets like gold. Spot gold dropped by 3% to $3,225.28 per ounce in afternoon trading, moving sharply away from the record high of $3,500.05 it reached just weeks ago. Meanwhile, U.

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

Base metals, including copper, zinc, aluminum, and lead, are essential to various industries due to their widespread availability and cost-effectiveness. Unlike precious metals such as gold and silver, base metals are heavily mined and traded on global exchanges like the London Metal Exchange (LME) and the Multi Commodity Exchange (MCX). Their significance spans across manufacturing, infrastructure, and construction, making them crucial to economic growth and development. The p

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t