Tag Archives: US tariffs

If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in import duties that have already been …

US President Donald Trump on Thursday announced a new trade agreement with the United Kingdom, marking the first deal since his global tariffs were introduced. The agreement is seen as a major political boost for UK Prime Minister Keir Starmer.Trump announced this development one month after implementing extensive tariffs on US trading partners on his April 2 “Liberation Day”Trump took …

Chinese exporters are increasingly utilizing “origin washing” tactics to circumvent hefty US tariffs, according to a report by Radio Free Asia (RFA). These tactics are being promoted via Chinese social media platforms, offering methods to bypass tariffs by re-exporting goods or misrepresenting manufacturing locations.Promotional videos on platforms like Xiaohongshu (RedNote) and Douyin (the Chinese version of TikTok) highlight businesses offering …

Donald Trump and Jerome Powell US President Donald Trump is taking credit for any signs of economic strength in the US while blaming President Joe Biden for recent weaknesses, including the first-quarter contraction in GDP. In a wide-ranging interview on NBC News’ “Meet the Press,” Trump also lobbed fresh criticism at Federal Reserve Chair Jerome Powell, whom he described as …

AI-generated image (Credit: Lexica) The United States has announced imposition of substantial new duties reaching up to 3,521 per cent on solar imports from four Southeast Asian nations, supporting domestic manufacturers whilst creating challenges for the nation’s renewable energy development.The duties, announced on Monday, follow a year-long trade investigation that claims that solar manufacturers in Cambodia, Vietnam, Malaysia and Thailand …

US markets opened with modest gains today as investors assessed a mix of global economic cues, corporate earnings, and commodity price movements. The cautious start reflects ongoing uncertainty around trade policies, inflation trends, and interest rate expectations, all of which continue to shape investor sentiment.At 9:31 am GMT 4, the Dow Jones Industrial Average (DJIA) was up 28.59 points, or …

MUMBAI: After a mid-week gap, trading on Dalal Street resumed on Friday and the sensex rose over a 1,000 points, mainly on the back of a record Wall Street rally on Wednesday which came after US president Donald Trump announced a pause on introduction of reciprocal tariffs on all countries except China. In the process domestic investors on Friday also …

NEW DELHI: Commerce and industry minister Piyush Goyal will hold a key meeting with exporters on Wednesday to discuss the implications of the 26% additional reciprocal tariffs recently imposed by the US under President Donald Trump’s administration, according to an industry official.Senior officials from the commerce ministry, representatives from various Export Promotion Councils (EPCs), and the Federation of Indian Export …

NEW DELHI: JP Morgan CEO Jamie Dimon has suggested that the US, in its effort to make trade fairer for the nation, need not ask “non-aligned nations, like India and Brazil” to align but “can bring them closer” by “extending a friendly hand with trade and investment.” This comes as Donald Trump’s 10% tariffs on all US imports kick in.“We …

Representative image (IANS) Foreign investors have pulled out Rs 10,355 crore from India’s equity markets over the last four trading sessions, following the imposition of sweeping tariffs by the United States on most nations, including India. This outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28, which had …