President Donald Trump's reciprocal tariffs have started a global trade war and it will reduce not only the growth of the United States (US) and the world but also push up inflation and delay Federal Reserve rate cuts in US according to a report by Fitch Ratings.
However, external risks will require close monitoring, the global economy is facing significant turbulence due to an ongoing tariff war, causing fluctuations in growth, inflation, and financial markets, however, despite these challenges, Indian firms have shown improvement in sales and profi
Dhruva Jaishankar said on Monday that priorities for US President Donald Trump have been Canada, China, Mexico, European Union to some extent and noted that India has been a little exempt.
Tulsi Gabbard said that the two leaders also share a great friendship and that is the foundation on which the two countries will build on their partnership.
Polish Secretary of State Wladyslaw Teofil Bartoszewski emphasised the global significance of the Raisina Dialogue, key geopolitical issues, and India-Poland ties. He also addressed Poland's role in securing Starlink for Ukraine.
India runs a marginal trade deficit with the USD 13 million in aluminium goods, and USD 406 million in steel goods. While India doesn't figure among top 10 importers of steel products, accounting for just 1 per cent of imports to the US, it is among the top 10 in aluminium imports. However,
Deputy Chief Minister DK Shivakumar, who also holds the portfolio of Bengaluru Development, today said that the government was planning to hike the water tariff by one paise per litre, according to the DK Shivakumar office statement.
Commerce Minister Piyush Goyal had a "forward looking" discussion with US Trade Representative Jamieson Greer on a mutually beneficial bilateral trade agreement.
China's exports are struggling as US tariffs intensify, with business leaders and economists warning of significant economic consequences. Many companies have shifted production to other countries, while business confidence remains low.
US President Donald Trump has threatened to impose a 200 per cent tariff on champagne and other alcohol products from the European Union in response to EU tariffs on American whiskey and other goods. The move escalates trade tensions, impacting financial markets and fuelling recession fears.
"I have a handy dandy chart here that shows not just Canada but the rate of tariffs across the board. If you look at Canada, since you brought it up, American cheese and butter have a nearly 300 per cent tariff. You look at India, 150 per cent tariff on American alcohol. Do you think that's
The European Commission expressed regret over US decision to impose US tariffs, calling them "unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in higher prices."