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…
Pakistan has offered a zero tariff bilateral trade agreement to the United States, as reported by Geo News. This development comes after the US claimed to have brokered a ceasefire between Pakistan and India. The offer includes zero tariffs on selected tariff lines of mutual interest to expand bilateral trade. This move contrasts with India’s…
China is “open to talks” with the United States on tariffs, National Economic Council Director Kevin Hassett said on Wednesday, signalling a possible thaw in ongoing trade tensions as the US Trade Representative (USTR) intensifies negotiations with foreign partners. Speaking to Fox News’ The Ingraham Angle on Wednesday, Hassett revealed that 18 written offers have…
US President Donald Trump on Wednesday indicated he has received confirmation suggesting India intends to lower tariffs on certain goods. Trump’s remarks came after Vice President JD Vance, during his visit to Jaipur, said India and US have finalised terms for trade negotiations. “I understand that India will reduce tariffs,” Trump stated while speaking to…
PM Narendra Modi and Donald Trump (File photo-ANI) The proposed India-US bilateral trade agreement is unlikely to include a ‘zero-for-zero’ tariff strategy, as the two nations are at different stages of economic development, official sources said. The idea, though floated by trade experts to counter reciprocal tariff hikes by the US, does not align with…
PM Modi with US President Donald Trump United States President Donald Trump on Wednesday called Prime Minister Modi his ‘great friend’ while imposing his ambitious retaliatory tariff on India.Trump said Washington would impose “discounted reciprocal tariffs” of 26 per cent on New Delhi.“India, very, very tough. Very, very tough. The Prime Minister just left. He’s…
NEW DELHI: External affairs minister S Jaishankar met British Prime Minister Keir Starmer at 10 Downing Street in London late on Tuesday evening. He conveyed “warm greetings” from Prime Minister Narendra Modi. Jaishankar said their discussions included bilateral cooperation and the UK’s view on the Russia-Ukraine conflict. “Discussed taking forward our bilateral, economic cooperation and…