Tag Archives: Trump tariff war

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 …

Representative image (Picture credit: AP) Wall Street stocks got whipsawed once again as a slew of headlines on Trump’s fast-evolving tariff war with top trade partners left investors unwilling to take on too much risk following a two-day rally.That’s even as results from big banks showed an equity trading boon and signs of still healthy consumers and businesses across America. …

US President Donald Trump’s punishing tariffs on dozens of economies came in force Wednesday. US President Donald Trump‘s “reciprocal” tariffs on dozens of countries kicked in Wednesday, slapping Chinese goods with a steep 104% duty and intensifying his global trade war—even as his administration moves toward talks with several nations.The sweeping tariffs have disrupted a global trading system that held …

People work on the floor at the New York Stock Exchange in New York. (File photo) US stocks tumbled Monday as ongoing tariff disputes and concerns over a potential federal government shutdown fueled fears of a looming recession.Last week’s sharp selloff continued, gaining steam throughout the session, with all three major indexes posting steep losses.The S&P 500 is now down …

MUMBAI: Rupee hit a record low of 87.28 on Monday, following US President Donald Trump’s announcement of tariffs on imports from major trade partners that has sparked fears of a trade war. It closed at 87.19, down 58 paise from its previous close, marking its largest single-day drop in two weeks.Rupee might have weakened further had RBI not intervened through …