In a major development for global trade, China has announced that it will suspend an additional 24 percent tariff on United States goods for a period of one year, while maintaining a 10 percent levy on imports from the US. The announcement, made by the State Council Tariff Commission, signals a cautious step by Beijing toward easing long-standing trade tensions with Washington. The suspension is effective immediately and will remain in place for twelve months. The decision follows a

New Delhi: India’s Ministry of External Affairs (MEA) has clarified that the American sanctions imposed on Iran will not affect the Chabahar Port project, a critical component of India’s regional connectivity and trade strategy. The confirmation underscores New Delhi’s commitment to maintaining strategic investments in the port, even as it continues its dialogue with the United States on broader trade and diplomatic issues. The Chabahar Port, located on Iran’s southeastern c

The high-stakes meeting between United States President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, concluded after nearly one hour and forty minutes on Thursday, lasting longer than initially scheduled. The session, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, was seen as a pivotal effort to reduce escalating tensions that have rattled global markets for months. Both leaders are believed to have sought a pathway to prevent further det

WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o

Pakistan has offered Bangladesh the use of its Karachi port for exporting jute and other goods, marking a significant geopolitical move amid deteriorating India-Bangladesh relations. The offer comes shortly after India banned the import of jute products through land routes, a major blow to Bangladesh’s export sector. The development was formalized during the Pakistan-Bangladesh Joint Economic Commission (JEC) meeting in Dhaka, held after a gap of nearly 20 years, signaling a thaw in relatio

US President Donald Trump received a royal welcome in Japan on Monday, marking the beginning of a major diplomatic visit focused on strengthening relations between Washington and Tokyo. Upon his arrival in Tokyo, Trump was greeted by Japanese officials before proceeding to meet Emperor Naruhito at the Imperial Palace. The ceremony was conducted with traditional formality, symbolizing the respect and deep ties that have defined the United States–Japan partnership for decades. Followi

United States President Donald Trump has once again defended his administration’s tariff policies, claiming that the strategy has played a major role in strengthening the U.S. economy and boosting the stock market. Since returning to office for his second term, Trump has emphasized a renewed focus on economic nationalism, arguing that countries trading with the United States must pay tariffs determined by the government to protect American interests. In his latest remarks, Trump a

As the world watches the evolving dynamics of U.S.–China relations, former U.S. President Donald Trump has expressed confidence that a “fair trade deal” with Chinese President Xi Jinping could soon materialize during the Asia-Pacific Economic Cooperation (APEC) summit. Speaking ahead of the high-profile event, Trump described his relationship with Xi as “strong” and said he expects posit

India is once again at the center of global diplomatic attention after former U.S. President Donald Trump claimed that Prime Minister Narendra Modi had agreed to halt Russian oil imports. The Indian government swiftly denied the statement, emphasizing that its energy decisions are made independently and based solely on national interest. This move highlights New Delhi’s determination to maintain strategic autonomy amid increasing international pressure. Over the past two years

U.S. President Donald Trump conceded in a recent interview that imposing a 100% tariff on Chinese imports would not be a lasting policy, saying, “It’s not sustainable, but that’s what the number is.” He asserted that Beijing “forced me to do that,” pointing to China’s tighter export controls—especially on rare earth elements—as justification for the heightened measur

US President Donald Trump has reignited debate over the influence of the BRICS bloc, claiming that the group represents “an attack on the dollar” and warning that countries joining it could face tariffs from the United States. Trump made the remarks during a bilateral lunch with Argentine President Javier Milei at the White House, reiterating his stance on protecting the dominance of the US dollar in global trade. Speaking to reporters, Trump asserted that the United States woul

The United States has warned that steep tariffs could soon be imposed on China if Beijing proceeds with its newly announced restrictions on rare earth exports, heightening concerns of another trade confrontation between the two largest economies in the world. U.S. Trade Representative Jamieson Greer said Tuesday that the decision now rests largely on China’s next actions, suggesting that the situation remains fluid in the run-up to a crucial diplomatic meeting later this month. Pr

India Post will resume all categories of international postal services to the United States beginning Wednesday, following the successful implementation of a new customs-compliant system that aligns with recent US import regulations. The Ministry of Communications confirmed the development, marking a major restoration of cross-border mail services that had been suspended since August 22 due to changes in the United States’ shipping policy. The temporary suspension came after the U

US President Donald Trump met with Canadian Prime Minister Mark Carney at the White House on Tuesday, October 7, for a high-level bilateral discussion focusing on economic cooperation and global security challenges. The meeting underscored the two nations’ long-standing partnership while also revealing areas of disagreement over trade priorities and international conflicts. According to officials familiar with the discussions, President Trump and Prime Minister Carney covered a wi

Prime Minister Narendra Modi sent a strong message of economic self-reliance while inaugurating the Uttar Pradesh International Trade Show in Greater Noida. Against the backdrop of a tariff war with the United States, Modi said that “India is not ready to be dependent on anyone.” He urged traders and manufacturers to embrace the vision of Atmanirbhar Bharat by focusing on local production and promoting swadeshi goods.

India and the United States appear to be finding common ground in long-stalled trade negotiations, with sources calling the latest talks in New York encouraging. Commerce Minister Piyush Goyal and India’s chief trade negotiator Rajesh Agarwal met with U.S. Trade Representative Jamieson Greer to restart discussions on a pending agreement. According to officials, both delegations expressed commitment to moving past earlier setbacks and accelerating pr

External Affairs Minister S Jaishankar met United States Secretary of State Marco Rubio in New York on Monday, just before the start of the 80th session of the United Nations General Assembly. The meeting, held at the Lotte New York Palace, marked their first in-person engagement since the United States announced an additional twenty-five percent tariff on India in response to Delhi’s purchases of Russian oil, which raised the total tariff burden to fifty percent. This face-to-face discuss

Saudi Arabia’s decision to sign a Strategic Mutual Defence Agreement with Pakistan has stirred debates across South Asia and the Middle East. The pact, which promises that an attack on one country will be treated as an attack on both, resembles a NATO-style commitment. For Pakistan, struggling with economic and diplomatic challenges, this deal is seen as a significant political win and a potential deterrence against India. Yet, beneath the surface, exper

Prime Minister Narendra Modi received birthday wishes from US President Donald Trump ahead of his 75th birthday, even as India and the United States grapple with trade tensions. In a message on X, Modi thanked Trump for his greetings and reiterated his commitment to strengthening the India-US Comprehensive and Global Partnership. He also expressed support for Washington’s initiatives to resolve the Ukraine conflict through peaceful means.

India and the United States are set to return to the negotiating table on Tuesday to work toward finalizing a crucial trade deal, weeks after relations were tested by steep tariffs imposed by Washington. The move follows President Donald Trump’s decision to levy punitive 50 percent tariffs on Indian exports as a response to New Delhi’s continued purchase of Russian oil. The resumption of discussions marks a potential turning point in efforts to restore momentum in bilateral econom