US President Donald Trump on Monday signed an order delaying the return of higher tariffs on Chinese goods, just hours before a trade truce between Washington and Beijing was set to expire. The White House said the suspension of steeper tariffs will now remain in place until November 10. “I have just signed an Executive Order extending the Tariff Suspension …
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China’s consumer prices held steady in July, offering brief relief to an economy struggling with deflationary pressures and weak domestic demand.According to AFP, the official data from the National Bureau of Statistics showed that the Consumer Price Index (CPI) was unchanged year-on-year, beating Bloomberg’s forecast of a 0.1% decline. However, prices fell in rural areas (down 0.3%) and for consumer …
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India is the world’s third-largest oil consumer, and has significantly stepped up its procurement of Russian crude oil. (AI image) US President Donald Trump, through his 25% additional tariffs on India for its Russia crude oil trade, wants to put pressure on Vladimir Putin to end the war with Ukraine – feel experts. But with its tariff rate doubled to …
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US President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil, adding to 25% tariffs already announced. In an executive order issued from the White House, the US president said: “I find that the government of India is currently directly or indirectly importing …
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Trump attributed the large banks’ rejection of him and his supporters to regulatory pressure from the then Biden administration. US President Donald Trump has revealed that America’s two biggest banks, JPMorgan Chase and Bank of America, have rejected him as a customer in the past. In an interview with CNBC, Trump said he had been forced to deposit his money …
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As US President Donald Trump announced penalties on India in addition to a 25 per cent tariff- citing, in part, India’s trade ties with Russia- analysts warn the moving away could come at a significant cost. According to estimates, India’s import bill could rise by $9–11 billion if it is forced to pivot away from Russian oil.“Financially, the implications are …
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US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. The ministry of external affairs had, however, made it clear that the country’s energy purchases were driven by market forces and national interests, further noting it had no information on reports of Indian oil firms halting …
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Commerce and Industry minister Piyush Goyal will meet exporters from sectors including food processing, textiles, engineering, and chemicals in Mumbai from August 2-4 to discuss the implications of the 25% tariff announced by the United States, an industry official said on Friday.Exporters from fisheries, IT, pharma, and engineering will also participate in the meetings. A separate meeting with leather sector …
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Amazon delivered a strong fiscal second quarter, with both profit and revenue surging year-over-year, even as trade uncertainty from tariffs by US President Donald Trump loom over the global business climate. For the quarter ended June 30, the tech giant reported net income of $18.16 billion, or $1.68 per share, up from $13.49 billion, or $1.26 per share, in the …
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US President Donald Trump has said that trade talks with China are heading in the right direction. Speaking at the White House, he expressed hope that both countries would soon reach what he called a “very fair deal”. His comments came as officials from both sides met for hours to try and settle their long-running trade dispute. “We’re moving along …
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