US President Donald Trump once again repeated his assertion that tariffs were instrumental in averting a "nuclear war" between India and Pakistan during the May 2025 escalation, claiming he warned both countries they would lose US trade access if they didn't de-escalate.
The U.S. Supreme Court will hear a crucial case on November 5 that could redefine presidential authority over trade and reshape global economic relations.
US President Donald Trump said the upcoming Supreme Court case on presidential tariff powers is "one of the most important in the history of the country." He argued that tariffs strengthen US national security and economy, warning that restricting their use would leave the nation "defence
"The latest data make one point clear: tariffs have not only squeezed India's trade margins but also exposed structural vulnerabilities across key export industries," GTRI said.
The US Senate on Wednesday (local time) voted 50-46 to revoke President Donald Trump's authority to impose steep tariffs on Canada, following his recent decision to raise tariffs on the country by an additional 10 per cent over a television ad that criticised his trade policies
According to Politico, the voting on Tuesday (local time) saw five Republican Senators--Thom Tillis from North Carolina, Susan Collins from Maine, Lisa Murkowski from Alaska, Mitch McConnell from Kentucky, and Rand Paul from Kentucky--joining Democrats in supporting the resolution.
"Ronald Reagan LOVED Tariffs for purposes of National Security and the Economy, but Canada said he didn't! Their (Canada's) Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD. Because of their serious misrepres
US Director of the National Economic Council, Kevin Hassett, on Friday expressed "extremely high" confidence in a Supreme Court win over the legality of US President Donald Trump's tariffs.
Faced with US tariffs, India's leather and allied products industry are expected to see revenue decline 10-12 per cent this current fiscal, according to Crisil Ratings.
US President Donald Trump on Tuesday (local time) stated that Washington would continue with their plans to impose a 155 per cent tariff on Chinese goods imported into the US beginning November 1, despite expressing his desire to maintain amicable ties with Beijing.