Global tremors
President Trump’s actions cannot be brushed aside as inconsequential because they emanate from only one individual in one country.
President Trump’s actions cannot be brushed aside as inconsequential because they emanate from only one individual in one country.
As India prepares to cut tariffs ahead of a crucial meeting between Prime Minister Narendra Modi and US President Donald Trump, the move signals a calculated attempt to maintain trade stability while avoiding retaliatory measures.
United States President Donald Trump said he plans to impose 25 per cent tariffs on all imports of steel and aluminum.
Trade wars are not fought with missiles and tanks, but their impact can be just as devastating. They are battles waged with numbers, policy manoeuvres, and, often, a touch of political bravado.
In response to former US President Donald Trump's imposition of a 25 per cent tariff on Mexican imports, Mexico's President Claudia Sheinbaum has announced counter-tariffs on American goods, further escalating trade tensions between the two nations.
The US Trade Representative's Office (USTR) on Monday released a supplemental list of 89 tariff sub-categories which includes cheese, pork, pasta, fruits, coffee, whiskey and chemicals as well as metals, among others.
The US-China trade tension also weighed on the investor sentiments. Caution was also seen ahead of the Federal Reserve meeting which will start on June 18-19.
Trump said he was planning a $15 billion aid package for US farmers hurt by Chinese tariffs.
Trump said the Reciprocal Trade Act would give the US workers a fair and level playing field against other countries.
"India is going through a renewable energy transformation, but the pricing signals have yet to catch up,"
