On Friday, a divided U.S. appeals court ruled that the majority of tariffs imposed by President Donald Trump are illegal, delivering a major setback to one of his key international economic policy tools. The decision challenges Trump’s use of these levies to influence global trade relations and could have wide-ranging effects on U.S. trade agreements, affected industries, and supply chains. …
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Indian exporters are bracing for a sharp decline in orders from the United States after trade talks collapsed and Washington confirmed that steep new tariffs on the South Asian nation’s goods would take effect from Wednesday, escalating tension between the strategic partners. An additional 25 per cent duty announced by President Donald Trump, confirmed in a notice by the Homeland …
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India’s leather industry, a vital labour-intensive sector with exports worth $4.1 billion, has been hit hard by US President Donald Trump’s decision to impose a 25% tariff on imports from India. The move, coupled with an additional 25% tariff on Russian oil purchases from 27 August 2025, is expected to deepen the crisis exporters are facing.Government data shows India exported …
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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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US consumer sentiment improved in June for the first time in six months, according to preliminary data released Friday by the University of Michigan, offering signs of economic stabilization as inflation remains subdued and trade tensions with China temporarily ease.The university’s closely watched Consumer Sentiment Index jumped to 60.5 in June from 52.2 in May — a 16% rise that …
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US President Donald Trump gestures during a visit at US Steel Corporation – Irvin Works in West Mifflin, Pennsylvania, US, May 30, 2025 — Reuters US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50% from 25%, ratcheting up pressure on global steel producers and deepening his trade war. “We are …
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US President Donald Trump said that representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs. Pakistan faces a potential 29% tariff on exports to the United States due to a $3 billion trade surplus with the world’s biggest economy, under tariffs announced by Washington last month …
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The US Federal Reserve’s preferred inflation gauge eased more than expected in April, offering a temporary reprieve from price pressures even as new tariffs introduced by President Donald Trump began to take effect.According to data released Friday by the Commerce Department, the personal consumption expenditures (PCE) price index rose 2.1% year-over-year, down from a revised 2.3% in March. The figure …
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US President Donald Trump speaks in the Oval Office on the day he signs an executive order, at the White House in Washington, DC, US, May 23, 2025. — Reuters Trump threatens 25% tariff on non-US-made iPhones. Stocks fall in US and Europe; dollar down, gold up. Apple’s planned US investments don’t include iPhone production. United States President Donald Trump …
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File photo: Japan’s finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said the primary purpose of holding …
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