The US Department of State has clarified that President Donald Trump's recent use of the term "unification" referred to US-China trade relations and not Taiwan, reaffirming that US policy on Taiwan remains unchanged.
The average revenue per user (ARPU) for Indian telecom operators is expected to rise 10-12 per cent in the current financial year 2025-26 as rural data consumption surges, according to Crisil Ratings.
India's tougher stance at the World Trade Organization (WTO) shows its growing resolve to defend domestic industries, especially in politically sensitive sectors like steel and aluminium, says Global Trade Research Initiative (GTRI) on Tuesday after India's moving WTO for retaliatory tariff
India has officially informed the World Trade Organization (WTO) that it plans to impose retaliatory tariffs on imports from the United States. This move comes as a response to the US extending its safeguard duties on steel, aluminium, and related products.
Following trade talks in Geneva, in which the United States and China agreed to withdraw reciprocal tariffs for an initial 90-day period, US President Donald Trump described the outcome as a "total reset" in relations with China.
According to Ajay Srivastava, Founder of the Global Trade Research Initiative, the US-China agreement to withdraw reciprocal tariffs for 90 days has brought tariffs closer to parity, undermining the "China Plus One" strategy that benefited India.
As the US and China agreed to reduce tariffs on each other's goods, India can use this as leverage to strengthen exports in sectors that remain relatively insulated from US-China trade, SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), said.
Indian stock indices soared through the roof on Monday, supported by the news that the conflict between India and Pakistan has de-escalated after the two Armed forces reached an understanding.
The US and China have arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days.
There was no immediate indication whether any progress was made on Saturday during the more than 10-hour meeting between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland.
President Donald Trump has indicated that he is open to significantly reducing the United States' existing 145 per cent tariff on Chinese goods ahead of upcoming trade negotiations between the two nations.