US Vice President JD Vance is set to visit India later this month, marking his second international trip since assuming office. Accompanying him on this visit will be Second Lady Usha Vance, who will visit her ancestral homeland for the first time in her official capacity. This visit follows JD Vance’s recent diplomatic trips to France and Germany, where he attended the Munich Security Conference and made headlines with his sharp critique of European governme

In response to the rising demand for premium travel, Air India has expanded its Premium Economy class, now offering fares starting at just ₹599 on select domestic routes. This move comes as the demand for premium travel has reportedly doubled in the past three years. The airline's new fares aim to provide affordable luxury experiences for Indian travelers. According to Air India’s March 12, 2025 press release, these limited-time fares are priced above standard economy fares and va

  The global automotive industry is facing yet another wave of trade uncertainty following the reintroduction of tariffs by former U.S. President Donald Trump. His latest move to impose a 25% tariff on imported cars has sent shockwaves across international markets, particularly affecting European carmakers. While some automakers have successfully maneuvered through these trade barriers, others are grappling with the economic repercussions.

The aggressive trade policies of US President Donald Trump have sent shockwaves through global markets, with Wall Street facing a significant downturn. Major indices such as the S&P 500, Nasdaq, and Dow Jones witnessed sharp declines in the overnight trading session. The financial turbulence erased a staggering $4 trillion from the S&P 500's peak just last month.   Impact on Major Tech Stocks The recent sell-off disproportionately

Ottawa: Following his decisive victory in the Liberal Party leadership race, Mark Carney is set to become the next Prime Minister of Canada. With 85.9% of votes in his favor, Carney’s leadership marks the beginning of a new chapter for Canadian politics. Carney’s rise to power brings with it a promise to mend India-Canada ties, which reached their lowest point during Justin Trudeau’s tenure. The 59-year-old former banker has expressed his intent to rebuild diplomatic relatio

US President Donald Trump reiterated his strong criticism of India’s high tariffs on Friday, calling them “massive” and emphasizing that they make it difficult for American businesses to sell products in the Indian market. Trump, addressing reporters at the White House, stated that India has now agreed to reduce these tariffs significantly, following continuous pressure and public scrutiny from his administration."India charges us massive tariffs. Massive. You can't

The United States has reportedly asked India to eliminate tariffs on nearly all goods except agricultural products, according to a CNBC-TV18 report on March 6. If India accepts this demand, it would mean removing key trade protections while receiving little in return. The proposal has raised concerns in India, as it comes amid escalating trade tensions between the two countries.US President Donald Trump has been vocal in his criticism of India’s trade policies, repeatedly labeling them

The latest round of tariff hikes by US President Donald Trump has triggered immediate countermeasures from Canada, China, and Mexico, escalating tensions in global trade. Beginning Tuesday, the US is imposing a 25% tariff on imports from Mexico and Canada while also raising tariffs on all Chinese imports from 10% to 20%. In response, these nations have announced their own economic retaliations, signaling a sharp rise in trade disputes.Canadian Prime Minister Justin Trudeau and Chinese officia

Billionaire investor Warren Buffett has strongly criticized US President Donald Trump's latest tariffs, calling them “an act of war” and warning about their economic impact. In an interview with CBS on Sunday, Buffett argued that tariffs function as a tax on consumers and ultimately drive up prices.“Tariffs are actually—we've had a lot of experience with them—they're an act of war, to some degree,” Buffett said. He added that consumers, not fore

India and the European Union (EU) have set a year-end deadline to finalize a long-awaited free trade agreement (FTA), marking a crucial milestone in their bilateral trade relations. The announcement came after Prime Minister Narendra Modi and European Commission President Ursula von der Leyen met in New Delhi to strengthen India-EU economic and strategic ties.The trade agreement, under negotiation for several years, aims to expand economic cooperation, boost trade, and enhance market access b

The World Bank has advised India to lower import tariffs, ease regulatory restrictions, and simplify trade processes to enhance its global trade competitiveness and attract foreign investment. In a report released on Friday titled the Economic Memorandum on India, the World Bank highlighted that high trade costs caused by import tariffs on intermediate and capital goods, as well as non-tariff barriers, are limiting India's participation in global value chains (GVCs).The report emphasized

Washington, DC: US President Donald Trump has reaffirmed his decision to impose 25% tariffs on imports from Mexico, Canada, and the European Union, tying them to border security concerns and trade imbalances. The tariffs, initially set for March 4, are now expected to take effect on April 2, giving businesses and trade partners a brief window to prepare.   Trump Links Tariffs to Fentanyl Crisis and Border Security During his first Cabinet mee

Washington, US: US President Donald Trump has invited Ukrainian President Volodymyr Zelensky to Washington to sign a critical minerals deal, while also suggesting that the ongoing Russia-Ukraine war could end “within weeks” if the right agreements are reached.Trump made the remarks during an Oval Office press conference on Monday, revealing that negotiations between the US and Ukraine over access to Ukraine’s rare earth minerals were near completion.

In February 2025, US President Donald Trump’s announcement of a 30-day pause on tariffs against Mexico and Canada brought a brief sense of relief to global markets. The decision helped prevent a potential escalation of a full-blown trade war, with US equity futures and international markets responding positively. However, concerns linger about the long-term effects of tariffs on industries such as automotive, semiconductor, consumer goods, e-commerce, and green energy.  

The U.S. decision to withdraw from the Organisation for Economic Co-operation and Development’s (OECD) global tax deal, led by President Trump in his second term, could lead to significant shifts in the global tax landscape. However, according to tax expert Rakesh Nangia, India's tax policy will not be heavily impacted by this move. India had taken a more cautious approach toward implementing the Global Anti-Base Erosion (GloBE) rules and had not introduced substantial changes to it

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

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

During his two-day visit to India, US National Security Advisor Jake Sullivan announced that the United States is taking steps to remove long-standing regulatory barriers preventing effective civil nuclear cooperation between India and the US. This move is expected to breathe new life into a landmark deal that has been in the works for over a decade. Sullivan revealed that the US is finalizing steps to enable cooperation between India’s nuclear agencies and US companies. The c