China has pushed back against US President Donald Trump's decision to impose new tariffs on Chinese goods, calling the move hypocritical and defending its own export restrictions on rare earth materials and related equipment.
US stock markets witnessed heavy selling on Friday after President Donald Trump announced fresh trade measures against China, including a 100 per cent tariff on Chinese goods and export controls on critical software.
US President Donald Trump on Friday announced that the United States will impose a 100 per cent tariff on Chinese goods "over and above any tariff that they are currently paying," effective November 1, 2025.
IMF chief Kristalina Georgieva warned that global economic resilience may not last despite growth holding steady at 3 percent amid Trump's tariffs. She cited rising uncertainty, record gold prices, and growing youth discontent, urging fiscal discipline and policy reforms as global challenges
The Indian IT sector is expected to report modest performance in the second quarter of FY26 due to ongoing macroeconomic uncertainty and increased regulatory pressure from the United States, according to a report by Systematix Research.
On an official three-day visit to Russia this week, Minister of State for Textiles and External Affairs, Pabitra Margherita, underlined India's intent to deepen engagement with the Russian textile industry across trade, technology, and manpower, among others.
"If Trump's ire is on the trade surpluses, it should actually be directed at China, not at India. India is a sideshow for all these, and it probably got activated due to personal egoistic reasons, on the Nobel Prize or the ceasefire. So we were in a very strange situation", the professor
Indian wood products and furniture exporters will become far more competitive in the US market, as tariffs on this category will be slashed from 50 per cent to 10-25 per cent after the latest tariff imposed by US President Donald Trump on wood products, said policy think tank GTRI.
Earlier on September 29, US President Donald Trump announced a 100% tariff on all movies produced outside the United States, claiming that America's film industry had been "stolen" by overseas players.
US President Donald Trump on Monday (local time) announced a 100% tariff on all movies produced outside the United States, claiming that America's film industry had been "stolen" by overseas players.
The Sensex and Nifty opened in red on Friday as the Nifty 50 extended its losing streak, slipping below key levels for the fifth consecutive session. The index has already given up more than half of the 1,000-point rally it had witnessed since the August 29 lows.
The Indian pharmaceutical sector supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicines in the UK. According to a government release, drug and pharmaceutical exports increased by 6.94 per cent from USD 2.35