Former United States President Donald Trump issued a stark warning on Sunday, August 31, declaring that America would be completely destroyed without the tariffs he imposed during his time in office. His comments came only days after a federal appeals court ruled that the majority of those tariffs were unlawful, sparking yet another political and legal clash over one of the central elements of his economic policy. Writing on TruthSocial, Trump insisted that wit

Former U.S. President Donald Trump has once again shaken global trade by doubling tariffs on Indian goods to 50%, citing India’s continued purchase of Russian oil. This sudden escalation is among the highest tariff rates imposed on any U.S. trade partner and has sent shockwaves across industries in India and the Indian diaspora in the United States. Why the Tariffs Were Imposed The Trump administration justified the steep hike as a response to India&rsq

In a significant development, Russian President Vladimir Putin spoke to Indian Prime Minister Narendra Modi following his meeting with U.S. President Donald Trump in Alaska. The phone call focused on the ongoing Ukraine war and potential paths to a peaceful resolution. Prime Minister Modi reaffirmed India’s consistent stance of advocating for peace, emphasizing India’s support for efforts aimed at resolving the Ukraine conflict. The leaders also d

Gold prices in India have soared to unprecedented levels, marking a historic high of Rs 1,02,191 per 10 grams on August 8, as global trade tensions, tariff escalations, and monetary policy uncertainties continue to unsettle markets. The surge reflects the precious metal’s longstanding status as a safe-haven asset, attracting investors during times of geopolitical strain and economic unpredictability. The rally i

US Secretary of State Marco Rubio has strongly defended President Donald Trump’s recent decision to impose 25 percent tariffs on Indian goods, emphasizing that India’s continued purchase of Russian oil is a significant point of irritation in its relationship with Washington. The move, announced earlier this week, has been described by the administration as a direct penalty aimed at discouraging India from supporting Moscow’s energy sector, which is seen as fueling Russia&rsq

President Donald Trump has announced a 25% tariff on imports from India, set to take effect beginning August 1. This new policy move, which reflects a strong stance on economic nationalism and geopolitical alignment, is aimed at addressing what the President describes as persistent unfair trade practices by India and its continued strategic relationship with Russia. Though President Trump referred to India as a “friend,” he did not shy away from sharply criticizing the

President Donald Trump has announced what he described as the largest trade agreement ever signed between the United States and the European Union. This comprehensive pact includes the imposition of a 15% tariff on European Union imports to the United States. The agreement was reached following a high-level meeting with European Commission President Ursula von der Leyen at the President’s private resort in Scotland. It was finalized just ahead of a looming deadline that could have

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

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

President Donald Trump has triggered a new wave of international trade tension by announcing that the United States will impose steep import tariffs on 14 countries starting August 1. The new tariffs, set at a minimum of 25 percent, will affect both rivals and close allies, including Japan, South Korea, Malaysia, and Thailand, unless trade agreements are finalized before the deadline. This marks one of the most aggressive trade policy shifts under Trump’s renewed administration and represe

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

As the Israel-Iran conflict escalates, its effects are rippling beyond diplomacy and military affairs, directly impacting global trade and oil prices. The Strait of Hormuz, a critical maritime passage that connects the Persian Gulf with the Arabian Sea, is once again at the center of attention. In 2023, nearly 21 million barrels of oil passed through the strait daily, representing about 20% of global petroleum liquids consumption. Any disruption in this corridor could cause dramatic shifts in

The United States and China have reached a preliminary framework agreement to revive their stalled trade truce, aiming to ease export curbs and avoid a looming tariff escalation. Following two days of high-stakes negotiations in London, both sides announced they had come to terms on steps to lift restrictions on China's rare earth mineral exports and to roll back recent U.S. controls on advanced technology goods, including semiconductor software.