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 US State Department has officially opened student visa applications for international students, encouraging applicants to submit their applications while ensuring that decisions are made with US national security as a top priority. Mignon Houston, the US State Department Deputy Spokesperson, emphasized that visa decisions are not only about allowing students to pursue education in the US but also ensuring their intentions align with educational purposes, n

The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred

External Affairs Minister S Jaishankar has signaled that the long-awaited trade agreement between India and the United States may soon be finalized, as both nations appear to be in the advanced stages of negotiations. Speaking at an event in New York, Jaishankar highlighted the complexity of the talks, acknowledging that reaching a deal requires flexibility and compromise on both sides. While noting the progress made, he emphasized the importance of patience in what he described as a very det

Mahendra Singh Dhoni, one of the most iconic cricket captains of all time, has officially filed for a trademark on his beloved nickname, 'Captain Cool'. The name, which fans have affectionately used for years to describe Dhoni's calm and composed leadership style, has now become part of his commercial identity. Dhoni seeks exclusive rights to use 'Captain Cool' for sports training, coaching services, and training centers.

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 United States Supreme Court has handed President Donald Trump a significant legal victory by refusing to expedite a case challenging his broad reciprocal tariffs on imports. The court’s decision, delivered Friday, rejected an urgent scheduling request made by two family-owned companies that aimed to invalidate several of Trump’s import duties. The companies, Learning Resources Inc. and Hand2Mind Inc., had asked the justices to bypass the usual judicial process and conside

  It is unusual for a world leader to decline an invitation from the President of the United States, especially when such an invite comes at a crucial diplomatic juncture. Yet, Prime Minister Narendra Modi’s decision to politely turn down Donald Trump’s invite was a strategic move, reflecting a deepening rift in trust between India and the United States. The timing was particularly notable as India began warming up to Canada, marking a clear shift in diplomatic prio

US President Donald Trump has announced a major breakthrough in trade relations with China, confirming that a new deal includes guaranteed upfront delivery of rare earth elements to the United States and a renewed visa pathway for Chinese students. Posting on Truth Social, Trump declared the agreement “done,” pending final approval from Chinese President Xi Jinping and himself. He emphasized that under the terms, the US would receive “full ma

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.

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

The long-awaited trade deal between India and the United States is expected to materialize in the near future, according to U.S. Secretary of Commerce Howard Lutnick. Speaking on June 2, 2025, at the eighth edition of the Leadership Summit hosted by the U.S.-India Strategic Partnership Forum in Washington, Mr. Lutnick shared insights on the progress of the negotiations, highlighting that India stands to gain favorable tariffs on multiple manufacturing sectors, providing it a competitive advan

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

India’s foreign secretary Vikram Misri concluded a three-day visit to the United States on Thursday, where he led discussions on a broad range of strategic issues including trade, defence, and critical technologies. The visit marked a continued deepening of bilateral ties, with both nations reaffirming their shared commitment to shaping a forward-looking partnership suited for the evolving global landscape. During his visit, the foreign secretary engaged in high-level meetin

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

Japan's economy contracted in the first quarter of 2025 for the first time in a year, and the decline was sharper than expected. This latest data highlights the fragile nature of the country's recovery, now under added pressure from anticipated US trade actions that threaten to weigh further on exports and consumer sentiment. According to newly released government statistics, Japan’s real gross domestic product (GDP) shrank at an annualized rate of 0.7% from January

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