A diplomatic and economic row is deepening between India and the United States after US President Donald Trump imposed a steep increase in tariffs on Indian exports. Just one day after the announcement, the Indian rupee showed early signs of resilience, rising 3 paise to open at 87.69 against the US dollar in the currency market. The modest strengthening of the rupee comes even as the broader trade implications of the new US measures are expected to weigh heavily on the Indian economy in the

In a major economic policy move, United States President Donald Trump announced on Wednesday, August 6 (local time), a new plan to impose a sweeping 100 percent tariff on imported computer chips and semiconductors, while providing full exemption for companies that manufacture them within the United States. The decision is seen as a strategic attempt to force global chipmakers to relocate or expand operations within American borders, even at the cost of short-term disruptions and potential inf

As the deadline set by US President Donald Trump for a ceasefire in the war in Ukraine draws closer, US Special Envoy Steve Witkoff arrived in Moscow on Wednesday to hold crucial talks with Russian officials and possibly President Vladimir Putin himself. Trump had previously issued a 50-day ultimatum to Putin to halt military actions, but last month he unexpectedly shortened it to just 10 to 12 days. This deadline is now set to expire within the week, increasing global tensions as Russia cont

Tensions are mounting in Switzerland as the deadline to secure a crucial trade agreement with the United States approaches rapidly. Without a breakthrough, Swiss exports to the U.S. will face a punitive 39 percent duty, one of the highest tariff rates imposed under U.S. President Donald Trump’s recent trade policy changes. The surprise announcement of these tariffs last week sent shockwaves through the Swiss business community, which had believed an agreement was close to finalization.

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 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 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

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

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 Trump administration, currently embroiled in multiple legal battles over its controversial executive orders, has urged a New York court not to place a stay on President Donald Trump’s tariffs order. In a dramatic appeal, administration officials warned that halting the tariffs could not only harm American economic interests but also destabilize fragile peace agreements and undermine global diplomacy. Citing examples such as the tense India-Pakistan standoff and ongoing trade talks w

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.

President-elect Donald Trump has announced plans to impose new tariffs on imported goods from Mexico, Canada, and China as part of his administration's strategy to address issues like illegal drug trafficking and border security. The move underscores a key campaign promise and signals significant changes in U.S. trade policy.   Key Details of the Tariff Plan