Tag Archives: Donald Trump tariffs

Industry experts caution that the passage of this Bill could lead to further spending reductions by US clients. The Donald Trump administration’s potential move to impose a tax on jobs outsourced outside the US have sent jitters in the Indian IT sector. The potential introduction of legislation by a Republican senator to impose taxes on IT services outsourcing in the …

Bessent made these observations shortly after Russia conducted its most extensive aerial assault since the war began. US Treasury Secretary Scott Bessent has called on the European Union to join America in adding pressure on Russia, and indicating possibility of more tariffs on countries buying Russian crude oil. The Donald Trump administration has already imposed 25% additional tariffs on India …

The strengthening economic ties with China, the second-largest world economy, complement other positive factors for India. (AI image) Indian stock markets may see a boost with several positive catalysts fuelling bullish sentiment. Prime Minister Narendra Modi’s meeting with Chinese President Xi Jinping, alongside recent GST rate cuts, have generated positive sentiment regarding the potential for Indian equities to reduce their …

The Indian technology services outsourcing sector, valued at $283 billion, derives over 60% of its earnings from US. (AI image) India’s IT sector is worried about the possible imposition of tariffs on software exports to the US by the Donald Trump administration. The IT sector is already experiencing challenges due to worldwide economic uncertainties and the increasing adoption of AI-based …

While headwinds persist from continued FII outflows and uncertainty around the US trade deal, the recent GST reforms are expected to boost consumer demand. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday as the market continued to react positively to GST rate cute announcements. While Nifty50 was above 24,800, …

US President Donald Trump (Pic credit: AP) US President Donald Trump on Friday said that he would “fight back” after a US federal court in a significant ruling found his global tariffs “illegal.” The US court of appeals for the federal circuit in Washington ruled that many of Trump’s tariffs were illegal; however, it allowed them to remain in place …

The projections indicate India’s GDP will reach 34.2 trillion international constant PPP dollars (2021) by 2038. (AI image) India may surpass the US to become the world’s second largest economy in PPP terms by 2038, according to an analysis by EY in its latest Economy Watch report. The projection assumes significance at a time when the US has imposed 50% …

In March, when Trump escalated trade tensions with China, Beijing initiated discreet diplomatic communications with India. (AI image) US President Donald Trump’s global tariff war has had one major consequence – India and China, the world’s second and fifth largest respectively – are growing closer, with focus on trade ties. The development is significant since ties between the two neighbouring …

Talking about the shift in India’s policy towards China, Piyush Goyal said, “I think that shift has nothing to do with this current situation. Amidst looming 50% Trump tariffs, Commerce minister Piyush Goyal has said that India’s bettering trade ties with China are independent of the India-US trade deal talks.Talking about the shift in India’s policy towards China, Piyush Goyal …

India’s economic prospects remain favourable compared to peers. (AI image) India’s credit rating has been affirmed at ‘BBB-’ with a stable outlook by ratings agency Fitch. The confidence in India’s growth story comes as a booster shot at a time when India faces 50% tariffs from the US for its exports.According to Fitch, India’s ratings benefit from substantial growth and …