US President Donald Trump reignited trade war tensions Friday by threatening a 50 per cent tariff on all European Union imports starting June 1, and a 25 per cent tax on all smartphones not manufactured in the US—including Apple’s iPhone. The move sent shockwaves through global markets. Delivering the message on social media, Trump targeted…
Indian government has imposed a comprehensive ban on Pakistan goods. (AI image) Crackdown against Pakistan goods: India is keeping a hawk’s eye and conducting thorough inspections of imports from the UAE, Iran and other Gulf nations, along with specific transshipment hubs to prevent indirect entry of Pakistani goods into the country through these channels.Following the…
India’s exports saw a boost of 9.1% in April, reaching $38.5 billion. However, the trade deficit increased to $26.4 billion. Imports also rose significantly, up 19% to $64.9 billion. The US became a major destination for exports. China remained the top source of imports. Petroleum and electronics imports also contributed to the increased import numbers….
Trade items including dry fruits and chemicals worth around $500 million are reportedly entering India via intermediary nations such as the UAE, Singapore, Indonesia and Sri Lanka, according to an official, quoted by news agency PTI. The official indicated that a considerable portion of the Pakistani exports previously sent directly to India are now being…
The Trump administration on Friday officially eliminated a loophole that had allowed American shoppers to buy cheap goods from China without paying tariffs. The move will help U.S. manufacturers that have struggled to compete with a wave of low-cost Chinese products, but it has already resulted in higher prices for Americans who shop online. The…
NEW DELHI: Indian merchandise worth more than $10 billion annually is reportedly reaching Pakistan through alternative trade channels, bypassing existing trade restrictions, according to trade data from the Global Trade Research Initiative (GTRI).GTRI revealed that businesses are increasingly using intermediary ports in Dubai, Singapore, and Colombo to transport goods from India to Pakistan. These ports…
AI-generated image (Credit: Lexica) As global markets grapple with uncertainty and turmoil, India has emerged as a positive outlier for multinational consumer goods firms, even amid a slowdown in urban demand. Senior executives from leading companies — including Unilever, Procter & Gamble (P&G), Pernod Ricard, Reckitt, PepsiCo, Heineken, and L’Oréal — have highlighted India’s significant…
A dovish shift Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results. But while Washington and Beijing seem to be easing off their brinkmanship, it may be…
Follow live updates on the Trump administration. China has for years presented an economic challenge for Europe. Now, it could become an economic disaster. It produces a vast array of artificially cheap goods — heavily subsidized electric vehicles, consumer electronics, toys, commercial grade steel and more — but much of that trade was destined for…
China on Friday announced an increase in tariffs on US goods from 84 per cent to 125 per cent, shortly after President Donald Trump unveiled a steep hike in duties on Chinese imports, raising them to a staggering 145 per cent. However, it also noted that it would not retaliated any further. “The US imposition…