Amid the ongoing tariff uncertainty by US President Donald Trump, businesses are likely to delay any new investment and this has the potential to trigger a global slowdown, according to a report by Nomura.
Secretary of State Marco Rubio said on Tuesday that the US is resetting its trade relationships worldwide through pro-growth tariffs to balance trade and boost revenue. Rubio also took a swipe at China, saying the US is confronting the Chinese Communist Party's influence globally and ending
South Korea's automobile exports declined in April year on year, largely due to a sharp drop in shipments to the United States following Washington's imposition of steep tariffs on foreign-made cars, reports the Korean Herald, quoting government data.
India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
Responding to claims of US President Donald Trump that India offered a trade deal with zero tariffs, Sunil Barthwal, Secretary Department of Commerce, on Thursday said that the external affairs minister, Dr S Jaishankar, has responded to the claim.
The demand in the US for container shipping from China has surged nearly 300 per cent, after a halt in retaliatory tariffs between the two countries, according to container-tracking software provider Vizion reports Reuters.
The Asia-Pacific Economic Cooperation (APEC) on Thursday, warned across its 21 member nations that the region would not witness much growth in trade this year owing to the US trade tariff drama, reports Reuters.
China on Tuesday criticised the US tariffs linked to the fentanyl issue, arguing that the US is unfairly targeting Chinese imports. The Chinese Foreign Ministry spokesperson emphasised that the fentanyl crisis is a domestic issue for the United States to address, stating that despite China's
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 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.