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.
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.
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
The Congress party, along with other Opposition leaders, accused the BJP-led government of failing to protect India's economic interests and demanded that the Centre clarify what steps it is taking to address the trade dispute with Washington.
"This day is historic because the US tariffs will be imposed, and the entire country will be affected. America has behaved disrespectfully against us. They didn't receive our Prime Minister. They sent back people from Bhagat Singh's state in handcuffs and shackles. Instead of replying aga
"The government should, after analysis, make a categorical statement on how this (tariff imposed by the US) will affect our Indian economy, which sectors will be impacted, and what counter-measures will be taken. Tariffs are not just concerning India; they will have a global impact. It wi
"See, what has happened now...The US has imposed tariffs on us. Satya Naas kiya (they have ruined). There was friendship (between India and the US), but see what has happened now," Sawant told ANI.
The nature of broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries is likely to initiate a vicious cycle of global growth, says a report by SBI Research.