By all appearances, Donald Trump is looking for a way out. Just months into his second presidency, the US President is signaling a retreat – or at least a recalibration – on one of his most aggressive economic fronts: the trade war with China.At a White House press conference on Tuesday, Trump appeared to temper his earlier hardline stance on …
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Trump has indicated that there may be potential imposition of reciprocal tariffs on pharmaceuticals as well. (AI image) By Hitesh SharmaThe ongoing trade dynamics between India and the United States may have implications for the pharmaceutical sector, particularly in light of recent tariff announcements. As the US government implements reciprocal tariffs on imports from over 180 countries, the Indian pharmaceutical …
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US President Donald Trump‘s renewed attacks on Federal Reserve Chairman Jerome Powell and the central bank’s independence are stirring market uncertainty, contributing to the US dollar hitting a three-year low.The ICE U.S. Dollar Index, which tracks the greenback against a basket of major foreign currencies, fell to 97.92 on Monday, marking its lowest level since March 2022, according to FactSet …
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US stocks fell sharply on Monday following a new round of criticism from former President Donald Trump towards Federal Reserve Chair Jerome Powell. Trump, in a post on Truth Social, referred to Powell as “Mr. Too Late, a major loser” and reiterated his demand for immediate interest rate cuts.As of 10:30 a.m. ET, The Dow Jones Industrial Average dropped 735.24 …
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The head of the International Monetary Fund (IMF) said Thursday that the world economy is likely to avoid a recession despite mounting global trade tensions sparked by US President Donald Trump’s sweeping tariffs. However, the cost of these trade disruptions will be significant, IMF Managing Director Kristalina Georgieva warned.Speaking to reporters in Washington ahead of next week’s Spring Meetings of …
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US stocks opened mixed as investors cautiously returned to tech and growth stocks, while healthcare weighed heavily on the broader market as global financial markets remained volatile on Thursday.Investors assessed a mix of corporate earnings, central bank signals, and geopolitical developments. While some sectors showed signs of recovery, others continued to feel pressure amid persistent uncertainty surrounding US trade policy …
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US and China have been steadily increasing tit-for-tat tariffs on each other’s imports. US President Donald Trumpon Wednesday ratcheted up his tariff offensive up to 245% on China. He also declared it’s up to China to return to the negotiating table after Beijing backed out of a high-stakes Boeing aircraft deal.“The ball is in China’s court,” Trump said in a …
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The escalating US-China trade war is pushing global manufacturers to take a harder look at India as a viable alternative to China. US President Donald Trump has escalated his economic battle with Beijing, slapping up to 245% in cumulative tariffs on Chinese imports – the most aggressive US trade action in years.While these tariffs hit China’s key industries hard – …
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Nvidia on Monday unveiled plans to manufacture its most advanced artificial intelligence supercomputer chips entirely within the United States for the first time, marking a new milestone for the tech giant amid intensifying global trade tensions.According to AFP, the California-based chipmaker will begin producing its top-tier GPUs, known as Blackwell, at TSMC facilities in Arizona. Simultaneously, new supercomputer plants are …
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Image credits: Getty Images American President Donald Trump recently had his annual medical examination. Trump, 78, is the oldest man to be sworn in as the President of the United States of America. Thus, the medical examination has people waiting to hear the results which will be announced on Sunday.The examination took place at the Walter Reed Medical Center in …
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