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
U.S. President Donald Trump on Wednesday (April 2, 2025) listed the high tariffs charged by India on American products as he announced reciprocal tariffs on countries across the board, declaring a 26% “discounted reciprocal tariff” on India. “This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American … Read more
After weeks of anticipation, U.S. President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday (April 2, 2025), calling it a “declaration of economic independence.” A fresh “baseline tariff” of 10% will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors. But there are some … Read more
The US has criticised India’s “onerous requirements” on dairy imports, surcharges on various agricultural imports, regulations for alcoholic beverage imports, and the Make in India programme that remains “challenging” for high-technology equipment makers and other American companies. The Trump administration plans to levy reciprocal tariffs from Wednesday. In its 2025 National Trade Estimate report, the … Read more
US President Donald Trump on Wednesday said he was placing 25 per cent tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth. We’ll effectively be charging a 25 per … Read more