India could become the first country to strike a bilateral trade deal with the United States under President Donald Trump’s push for “reciprocal” tariffs, US treasury secretary Scott Bessent said. Speaking to a group of reporters in Washington on Wednesday, Bessent suggested that negotiations with India were “very close” to a breakthrough, reaching a successful … Read more
A coalition of 12 US states filed a lawsuit on Wednesday in the US Court of International Trade in New York, seeking to overturn President Donald Trump’s tariff policy, which they say is unlawful and has disrupted the national economy. The legal challenge accuses Trump of abusing emergency powers under the 1977 International Emergency … Read more
India and the United States have moved a step closer to a comprehensive trade deal after finalising the Terms of Reference (TOR) that will guide upcoming negotiations. The announcement was made in a joint statement after US Vice President JD Vance met Prime Minister Narendra Modi during his visit to India. Ambassador Jamieson Greer, the … Read more
China has brushed aside concerns over the impact of US tariffs on its exports, even as tensions between Beijing and Washington continue to unsettle global markets. Chinese official Lyu said, “The sky won’t fall” for Chinese exports, adding, “These efforts have not only supported our partners’ development but also enhanced our own resilience.” Despite the … Read more
The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, … Read more
According to the annual World’s Wealthiest Cities report published by advisory firm Henley and Partners and released on Wednesday, Millionaires fled London in the past year for United States or Asia, primarily because of not able to completely recover from the 2008 financial crisis, high taxis and Brexit. It found some 11,300 dollar millionaires left … Read more
The Union Ministry of External Affairs (MEA) said on April 9 that it was studying the implications of US President Donald Trump’s reciprocal tariffs on India. The Ministry said discussions are ongoing between the Indian and US trade teams to expedite the conclusion of a mutually beneficial multi-sectoral bilateral trade agreement. It added that India … Read more
The government has terminated the trans-shipment facility that allowed export cargo from Bangladesh to third countries using Indian land customs stations en route to ports and airports, according to a government circular. Indian exporters, mainly from the apparel sector, had earlier urged the government to withdraw this facility to the neighbouring country. The facility had … Read more
Opponents of President Donald Trump and billionaire Elon Musk rallied across the U.S. on Saturday (April 5, 2025) to protest the administration’s actions on government downsizing, the economy, human rights and other issues. More than 1,200 “Hands Off!” demonstrations were planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans … Read more