Tag Archives: Trump

The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking.“The economy is fragile and, therefore, something like a …

File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent said on Sunday that Washington and Beijing have reached a “very substantial framework” that would prevent the US from imposing 100% tariffs on Chinese goods and allow for a deferral of China’s rare earths export controls, as per news agency Reuters. The development follows high-level talks in Kuala …

New Delhi: Govt is unlikely to rush ahead with a package to aid exporters hit by Trump’s 50% tariff as it is yet to get a full assessment of the situation. Finance minister Nirmala Sitharaman told reporters she is seeking feedback from textiles and marine exporters, seen to be worst affected even as the impact on others such as gems …

US President Donald Trump on Friday announced reaching a deal with AstraZeneca, which would lower the cost of some prescription drugs for millions of Americans.The agreement will see the company sell certain medicines at reduced prices to the government’s Medicaid health plan in exchange for tariff relief. This follows a similar arrangement made with Pfizer last week.The White House is …

US trade representative Jamieson Greer (Image credits: AP) NEW DELHI: US trade representative Jamieson Greer claimed that India is already beginning to diversify away from Russian oil, even as the United States has imposed a 50% tariff on India over its oil imports from Russia.Speaking at the Economic Club of New York, Greer explained that the 50% tariff is effectively …

JPMorgan CEO Jamie Dimon (File photo) Jamie Dimon, chairman & CEO of the world’s largest bank, visited India to address global business leaders and investors at JP Morgan’s 10th annual India conference. Impressed by Mumbai’s coastal road during his visit, Dimon, in an exclusive interview to TOI, discussed tariffs, H-1B visas, market risks, and stressed the impact of free trade, …

US President Donald Trump threatened Sunday to impose more sanctions on Russia, after the Kremlin unleashed its biggest-ever aerial barrage at Ukraine. Russian missiles and drones rained down across Ukraine early Sunday, killing four people and setting government offices in the capital Kyiv ablaze. Trump told reporters after the assault he was “not happy with the whole situation” and said …

President Donald Trump on Thursday (US local time) signed an executive order formally implementing the US-Japan trade agreement, a landmark pact that lowers tariffs on Japanese autos to 15% and secures a $550 billion investment pledge from Tokyo, the White House announced.The White House confirmed the move in a statement posted on X.Under the agreement, nearly all Japanese imports entering …

The entire population of Gaza could be relocated, and the United States may take control of the Palestinian territory under a plan reportedly being considered by the Trump administration, the Washington Post reported Sunday. The plan envisions transforming the war-ravaged enclave left in ruins after Israel’s 2023 conflict triggered by the Hamas attack into a U.S. administered trusteeship for at …

Trump had announced 50% tariffs on India earlier this month, which went into effect on Wednesday (AI image) NEW DELHI: The additional 25 per cent tariff imposed by US President Donald Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per cent.Trump had first announced reciprocal …