President Donald Trump has announced a 35% tariff on Canadian imports, set to take effect on August 1st, 2025. This move is part of Trump’s response to Canada’s retaliation and ongoing trade barriers. The tariff will apply to all Canadian products entering the United States. Trump has cited concerns about fentanyl smuggling through Canadian borders…
US President Donald Trump postponed the implementation of reciprocal tariffs to August 1, following advice from key officials, including Treasury Secretary Scott Bessent, according to the Wall Street Journal. They believed that with more time, the United States could secure better trade agreements with countries including India and the European Union. Trump extended this pause…
PM Modi and Cyprus President Nikos Christodoulides (Photo: PTI) NEW DELHI: PM Modi on Monday affirmed New Delhi’s support for completing talks for a free trade agreement with the European Union by the year-end and asserted that the proposed India Middle-East Europe Economic Corridor, delayed due to tensions in West Asia, would contribute towards peace…
US stocks steadied on Wednesday as a new inflation report suggested President Donald Trump’s sweeping tariffs have not significantly driven up prices—at least for now. The S&P 500 inched up by less than 0.1% in early trading, while the Dow Jones Industrial Average dipped 23 points and the Nasdaq composite rose 0.2% at initial minutes…
Top US and Chinese officials met in London on Monday in fresh efforts to stabilise the fragile pause in their trade fight, which has shaken global markets. The Chinese delegation, led by vice premier He Lifeng and commerce minister Wang Wentao, met with US commerce secretary Howard Lutnick, treasury secretary Scott Bessent and trade representative…
Donald Trump and Xi Jinping US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are all set to meet officials in London on Monday for trade negotiations, President Donald Trump announced on Friday.“The meeting should go very well,” the president wrote on Truth Social on Friday afternoon. “Thank you…
BRESCIA: Govt is hoping to clinch an initial tranche of the proposed bilateral trade deal with the US, govt sources said as a team of American officials landed in the Capital for negotiations. “The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tariff and non-tariff barriers, and enhance supply…
Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets.Several US importers have gone slow on fresh orders as costs went up significantly after the imposition of 25 per cent duty, although India was…
US President Donald Trump (Pic credit: AP) As Wall Street weathers several waves of tariff threats from US President Donald Trump, a new trading mantra is catching on among investors: TACO, short for Trump Always Chickens Out.Coined by Financial Times commentator Robert Armstrong, the term refers to a market pattern that has emerged during Trump’s…
US President Donald Trump US President Donald Trump said his talking to India and Pakistan and bringing them back from the brink is a “bigger success” than he’ll ever be given credit for, saying there was “great hatred” among the two nations and tensions got to a point where the next phase was probably “nuclear”.“A…