US President Donald Trump on Friday (local time) praised Elon Musk for doing a "fantastic job" as head of the DOGE (Department of Government Efficiency) and assured that the department, founded by Musk to cut unnecessary funding and boost the US economy, will remain functional.
American multinational investment bank and financial services company, Jefferies has raised concerns on the shifting global economic power balance and diminishing financial leverage of the United States under President Donald Trump mainly because of the ongoing tariff policy issues.
In response to the United States' recent announcement to impose additional port fees on Chinese-built or -operated ships docking in US ports, China expressed strong opposition and said that such measures would not only harm the US economy but also have consequences for global shipping, disru
Stressing deregulation to foster innovation, Lt Gen (retd) Raj Shukla, a member of the Union Public Service Commission, on Friday said that India has talent and has to infuse more competitiveness.
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings said in a report.
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.
US President Donald Trump said, "The markets are going to boom. The stock is going to boom. The country is going to boom -- and the rest of the world wants to see if there is any way they can make a deal. They (Countries) have taken advantage of us for many, many years."
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.
The GDP growth of the US economy is expected to slow down gradually over the next three years, according to a report by S&P Global Market Intelligence.
The rout on Wall Street began early, with all three major indexes opening in the red. US stocks witnessed a drop throughout the day, and despite a brief afternoon rally, they closed in the red.
Noting that more than 3,00,000 strong Indian student community contributes over USD 8 billion annually to the US economy and has helped create a number of direct and indirect jobs, Prime Minister Narendra Modi and US President Donald Trump have expressed their commitment to streamlining aven