Dimon emphasised that the strength of the United States on the world stage relies on a combination of economic vitality, military power, and moral leadership
US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
Congress MP Manish Tewari on Thursday urged the Centre to develop "a spine" and stand up to the US for its imposition of a 26 per cent tariffs on Indian goods with President Donald Trump launching a global trade war. He said that the US tariff on India represented "abject failure" of the n
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could seve
The Trump administration is preparing to impose sweeping new tariffs on imports worth trillions, with an April 2 deadline dubbed "Liberation Day." The move, aimed at forcing companies to manufacture in the US, has sparked economic concerns and market volatility.
Fitch Ratings has revised India's growth rate for FY25-26 to 6.5 per cent and to 6.3 per cent for FY26-27 in its March Edition of the Global Economic Outlook because of the US-imposed global trade war. However, it adds that India is somehow insulated because of its self-sufficiency.
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.
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.