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Rupee Hits Record Low of 87.29 Against US Dollar Amid Trade War Fears

On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

Business

19 Feb 2025 07:27 AM 1.72k views

Rupee Hits Record Low of 87.29 Against US Dollar Amid Trade War Fears

On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

Business

Trump Plans 25% Tariffs on Mexico and Canada Over Border Security Concerns

Trump's Tariff Announcement and Border Security: President Donald Trump announced plans to impose tariffs of up to 25% on Mexico and Canada, effective February 1, 2025, arguing that both countries are contributing to illegal immigration and drug smuggling into the US. This move, part of his broader trade policy agenda, comes after his inauguration address, where he emphasized using tariffs to strengthen the US economy. However, such tariffs could risk igniting a trade con

Global News

21 Jan 2025 10:48 AM 1.52k views

Trump Plans 25% Tariffs on Mexico and Canada Over Border Security Concerns

Trump's Tariff Announcement and Border Security: President Donald Trump announced plans to impose tariffs of up to 25% on Mexico and Canada, effective February 1, 2025, arguing that both countries are contributing to illegal immigration and drug smuggling into the US. This move, part of his broader trade policy agenda, comes after his inauguration address, where he emphasized using tariffs to strengthen the US economy. However, such tariffs could risk igniting a trade con

Global News

Canada Warns of "Trump Tariffs Tax" as US President-Elect Plans to Increase Customs Duties

In response to the potential imposition of 25 percent tariffs on Canadian imports by US President-elect Donald Trump, Canadian Foreign Minister Melanie Joly issued a stark warning on Friday. Joly described the proposed tariffs as a "Trump tariffs tax" that could trigger the biggest trade war between Canada and the US in decades. The US president-elect's plans also involve increa

Global News

17 Jan 2025 21:20 PM 1.24k views

Canada Warns of "Trump Tariffs Tax" as US President-Elect Plans to Increase Customs Duties

In response to the potential imposition of 25 percent tariffs on Canadian imports by US President-elect Donald Trump, Canadian Foreign Minister Melanie Joly issued a stark warning on Friday. Joly described the proposed tariffs as a "Trump tariffs tax" that could trigger the biggest trade war between Canada and the US in decades. The US president-elect's plans also involve increa

Global News

Asian Currencies Struggle as Dollar Strengthens Amid Trump Policies

The weakening of Asian currencies is bringing key levels into focus as traders prepare for further dollar gains, fueled by expectations surrounding Donald Trump's economic policies. The Bloomberg Asia Dollar Index is on track for its third consecutive monthly loss, with traders betting that Trump’s low-tax and high-tariff approach will increase inflation and boost the dollar. According to the latest data from the Commodity Futures Trading Commission, both hedge funds and asset manag

Business

17 Dec 2024 10:47 AM 1k views

Asian Currencies Struggle as Dollar Strengthens Amid Trump Policies

The weakening of Asian currencies is bringing key levels into focus as traders prepare for further dollar gains, fueled by expectations surrounding Donald Trump's economic policies. The Bloomberg Asia Dollar Index is on track for its third consecutive monthly loss, with traders betting that Trump’s low-tax and high-tariff approach will increase inflation and boost the dollar. According to the latest data from the Commodity Futures Trading Commission, both hedge funds and asset manag

Business

India May Benefit from US Tariffs on China, Canada, and Mexico

In light of US President-elect Donald Trump's proposed tariff measures on China, Canada, and Mexico, India is poised to capitalize on potential shifts in global manufacturing. With Trump’s plan to impose tariffs of 25% on Canada and Mexico and 10% on China, manufacturers may seek alternative locations to bypass the 60% levy on Chinese goods. India, with its low-cost labor, skilled workforce, and growing tech sector, is an attractive destination for this shift. Invest

Finance & Economics

12 Dec 2024 06:27 AM 1.1k views

India May Benefit from US Tariffs on China, Canada, and Mexico

In light of US President-elect Donald Trump's proposed tariff measures on China, Canada, and Mexico, India is poised to capitalize on potential shifts in global manufacturing. With Trump’s plan to impose tariffs of 25% on Canada and Mexico and 10% on China, manufacturers may seek alternative locations to bypass the 60% levy on Chinese goods. India, with its low-cost labor, skilled workforce, and growing tech sector, is an attractive destination for this shift. Invest

Finance & Economics

Trump Jokes About Making Canada the 51st State During Dinner with Trudeau

During a meeting at Donald Trump’s Mar-a-Lago estate in Florida, President-elect Trump reportedly joked with Canadian Prime Minister Justin Trudeau about making Canada the 51st state of the United States. The two leaders were discussing serious issues, including trade imbalances and border security, which had become a focal point for the incoming administration. Trump had previously threatened to impose a 25% tariff on Canadian goods if Canada did not address issues like illegal immigra

General

03 Dec 2024 10:49 AM 2.36k views

Trump Jokes About Making Canada the 51st State During Dinner with Trudeau

During a meeting at Donald Trump’s Mar-a-Lago estate in Florida, President-elect Trump reportedly joked with Canadian Prime Minister Justin Trudeau about making Canada the 51st state of the United States. The two leaders were discussing serious issues, including trade imbalances and border security, which had become a focal point for the incoming administration. Trump had previously threatened to impose a 25% tariff on Canadian goods if Canada did not address issues like illegal immigra

General

Potential Impact of Trump’s 25% Tariff on Imports from Mexico and Canada

President-elect Donald Trump has vowed to impose a 25% tariff on all goods imported from Mexico and Canada, set to take effect on his first day in office, January 20. The new tariffs are expected to have severe implications for American consumers, including higher prices on everyday products such as gasoline, produce, cars, and alcohol. Mexico, now the US’s top trading partner, and Canada, a major supplier of oil and agricultural products, will be significantly impacted by these tariffs

General

27 Nov 2024 10:19 AM 1.4k views

Potential Impact of Trump’s 25% Tariff on Imports from Mexico and Canada

President-elect Donald Trump has vowed to impose a 25% tariff on all goods imported from Mexico and Canada, set to take effect on his first day in office, January 20. The new tariffs are expected to have severe implications for American consumers, including higher prices on everyday products such as gasoline, produce, cars, and alcohol. Mexico, now the US’s top trading partner, and Canada, a major supplier of oil and agricultural products, will be significantly impacted by these tariffs

General

China Warns Against Trade War as Trump Vows Tariffs Over Fentanyl and Immigration

China has issued a strong warning against escalating trade tensions with the United States after President-elect Donald Trump vowed to impose significant tariffs on goods from China and other countries. Trump’s proposed tariffs are a response to concerns over illegal drug trade and immigration, with a particular focus on China's role in the fentanyl smuggling issue. Liu Pengyu, spokesperson for the Chinese embassy in the United States, reiterated that China views US-China

Political News

26 Nov 2024 07:50 AM 1.42k views

China Warns Against Trade War as Trump Vows Tariffs Over Fentanyl and Immigration

China has issued a strong warning against escalating trade tensions with the United States after President-elect Donald Trump vowed to impose significant tariffs on goods from China and other countries. Trump’s proposed tariffs are a response to concerns over illegal drug trade and immigration, with a particular focus on China's role in the fentanyl smuggling issue. Liu Pengyu, spokesperson for the Chinese embassy in the United States, reiterated that China views US-China

Political News

BSNL Gains Subscribers as Private Telecom Giants Face User Losses Amid Tariff Hikes

BSNL, the state-owned telecommunications provider, has reported a significant increase in subscribers for the second consecutive month, defying industry trends as private telecom giants face user losses due to recent tariff hikes. According to the latest data from the Telecom Regulatory Authority of India (TRAI), India saw a net loss of 57.7 lakh mobile subscribers in August, a sharp increase from the 9.2 lakh lost in July. BSNL added 25.3 lakh new users in August, building on a str

Business

25 Oct 2024 09:15 AM 1.36k views

BSNL Gains Subscribers as Private Telecom Giants Face User Losses Amid Tariff Hikes

BSNL, the state-owned telecommunications provider, has reported a significant increase in subscribers for the second consecutive month, defying industry trends as private telecom giants face user losses due to recent tariff hikes. According to the latest data from the Telecom Regulatory Authority of India (TRAI), India saw a net loss of 57.7 lakh mobile subscribers in August, a sharp increase from the 9.2 lakh lost in July. BSNL added 25.3 lakh new users in August, building on a str

Business

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#tariffs

Rupee Hits Record Low of 87.29 Against US Dollar Amid Trade War Fears

Rupee Hits Record Low of 87.29 Against US Dollar Amid Trade War Fears

Trump Plans 25% Tariffs on Mexico and Canada Over Border Security Concerns

Trump Plans 25% Tariffs on Mexico and Canada Over Border Security Concerns

Canada Warns of "Trump Tariffs Tax" as US President-Elect Plans to Increase Customs Duties

Canada Warns of "Trump Tariffs Tax" as US President-Elect Plans to Increase Customs Duties

Asian Currencies Struggle as Dollar Strengthens Amid Trump Policies

Asian Currencies Struggle as Dollar Strengthens Amid Trump Policies

India May Benefit from US Tariffs on China, Canada, and Mexico

India May Benefit from US Tariffs on China, Canada, and Mexico

Trump Jokes About Making Canada the 51st State During Dinner with Trudeau

Trump Jokes About Making Canada the 51st State During Dinner with Trudeau

Potential Impact of Trump’s 25% Tariff on Imports from Mexico and Canada

Potential Impact of Trump’s 25% Tariff on Imports from Mexico and Canada

China Warns Against Trade War as Trump Vows Tariffs Over Fentanyl and Immigration

China Warns Against Trade War as Trump Vows Tariffs Over Fentanyl and Immigration

BSNL Gains Subscribers as Private Telecom Giants Face User Losses Amid Tariff Hikes

BSNL Gains Subscribers as Private Telecom Giants Face User Losses Amid Tariff Hikes

Business Strategy

DIY Fashion and Accessories: Express Your Style with Personalized Creations

NDA Government Overhauls Jagan's Liquor Policy in Andhra Pradesh

Sourav Ganguly’s 'Khakee' Promo Goes Viral; Faf du Plessis Named DC Vice-Captain for IPL 2025

DHS Targets US Gurdwaras: Sikh Community Condemns Immigration Raids

Amaravati to Rise as World-Class Capital Under Chandrababu Naidu’s Leadership: Panchangam Forecast

US downs Iranian drone near carrier as nuclear talks hang in balance

AI-driven animation production redefined in CreateAI’s latest white paper release

Sridhar Vembu Backs Gold Over Paper Assets as Prices Cross ₹1 Lakh per 10g in Retail

Q4FY26 Earnings Today: Over 40 Companies Including Maruti Suzuki, REC, Bandhan Bank Announce Results

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