India should strengthen its Production Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India, according to a report by State Bank of India (SBI).
US Vice President JD Vance now promotes tariffs he once criticised, marking a reversal from his earlier public statements doubting the effectiveness of protectionist trade policies.
J.P. Morgan has predicted that the United States economy will likely fall into a recession this year, largely due to the impact of new tariffs announced by President Donald Trump.
The US stock markets tanked more than 5 per cent on Friday after Donald Trump's reciprocal tariffs sparked fear among investors of a global economic recession.
Taiwan's Premier Cho Jung-tai announced that USD 2.66 billion (NT$88 billion) would be allocated to support the industrial and agricultural sectors in response to the latest US tariff policy, the Taipei Times reported.
US President Donald Trump on Friday spoke with To Lam, the General Secretary of the Communist Party of Vietnam and said that during the conversation, Lam expressed Vietnam's willingness to reduce its tariffs to zero if an agreement could be reached with the United States.
US President Donald Trump on Friday said that his administration had been working on a deal to "save TikTok" and said that he would be signing an executive order to keep the app operational for an additional 75 days.
In response to the United States imposing a 26 per cent reciprocal tariff on India, Roman Babushkin, Minister of Counsellor and Deputy Chief of Mission at the Embassy of Russia in India, emphasised Russia's confidence in its relations with India and said that despite "deliberate attempts" to
Donald Trump has reacted to the tariffs imposed by China. He said that China had "panicked" after his announcement of tariffs imposed on China on Thursday.
Congressman John Moolenaar, who chairs the House Select Committee on China, released a statement endorsing President Trump's declaration of new tariffs aimed at Chinese imports, based on a report from the Select Committee on the CCP (SCCCP).
Indian stock indices closed the week on a sour note, extending losses from the previous session. They were weighed down by the Trump reciprocal tariffs and the uncertainties surrounding them.
Speaking to ANI, Shashi Tharoor said, "The Congress party is demanding clarity from the government on their stand on this issue because many reports are stating that the US is objecting to various tariffs. For example, complaining about the agricultural subsidies given in the form of MSPs an