2 h. ago US asks Supreme Court to overturn ruling that bars Trump’s tariffs

The US government has asked the Supreme Court to overturn a federal appeal court ruling that declared US President Donald Trump’s use of emergency executive powers to impose tariffs unlawful. The move sets up a high-stakes legal showdown over the limits of presidential authority in trade policy. In its appeal filed on Wednesday, the Trump administration told the high court that the case “addresses the validity” of the government’s “most significant economic and foreign-policy initiative”. “The...

Politics

30 h. ago Indian textile industry must dig deep to survive US tariff shock

The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat...

Events

7 d. ago Why Trump’s furniture tariffs could complicate efforts to reassemble China trade

US President Donald Trump’s renewed threat to impose tariffs on imported furniture could erode some of China’s exports while doing little to bring manufacturing back to America as he promised, according to analysts. And they added that such a move risks escalating tensions between the world’s two largest economies, whose earlier extension of a trade truce, coupled with conciliatory statements, had suggested a more amenable posture in trade negotiations. Trump announced plans to impose steep...

Politics

8 d. ago 'Will impose 200% tariff on China': Donald Trump’s latest salvo at Beijing, says, ‘I have such cards, which,

'Will impose 200% tariff on China': Donald Trump’s latest salvo at Beijing, says, ‘I have such cards, which,  India.Com

Politics

9 d. ago US To Impose 200% Tariff On China? Trump Warns He Holds ‘Incredible Cards’ That Could 'Destroy' Beijing

US To Impose 200% Tariff On China? Trump Warns He Holds ‘Incredible Cards’ That Could 'Destroy' Beijing  Times Now

Events

9 d. ago Sell India, buy China? Don’t get stock and property markets confused

Indian stocks have had a good run. Since the end of March 2020, the Nifty 50, one of India’s main equity gauges, has risen almost 190 per cent. It has outperformed the benchmark S&P 500 index, which itself is up more than 150 per cent. Yet in the past year, the ferocious rally has given way to volatility, concerns over lofty valuations and worries about growth and corporate earnings. The unexpected decision earlier this month by US President Donald Trump to impose swingeing tariffs of 50 per...

Economics

1 week ago Trump aide calls India’s Russian oil purchases ‘laundromat for the Kremlin’

White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50 per cent on imports from the South Asian nation to kick in as planned next week. “I see that taking place,” Navarro told reporters in front of the White House when asked about the tariffs on India that are set to double on August 27. “India doesn’t appear to want to recognise its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s...

Politics

2 w. ago Russia offers India ‘special mechanism’ to keep buying its oil

Russia expects to continue supplying oil to India thanks to a “special mechanism” despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China. US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from August 27, as a punishment for buying Russian oil, which constitutes 35 per cent of India’s total imports compared...

Politics

2 w. ago Trump tariffs live updates: US again warns India on buying Russian oil, EU

Trump tariffs live updates: US again warns India on buying Russian oil, EU-US deal details in question  Yahoo Finance

Events

2 w. ago China, India are buying Russian oil in large quantities, Gordon Chang says

China, India are buying Russian oil in large quantities, Gordon Chang says  Fox Business

Politics

2 w. ago Trump says no imminent plans to penalize China for buying Russian oil By Reuters

Trump says no imminent plans to penalize China for buying Russian oil By Reuters  Investing.com

Politics

2 w. ago Trump says no imminent plans to penalize China for buying Russian oil

Trump says no imminent plans to penalize China for buying Russian oil  Reuters

Politics

3 w. ago Why Japan, South Korea and EU couldn’t join forces against Trump

Before the Trump administration’s August 1 deadline, Japan, South Korea and the European Union struck agreements with the United States, accepting American tariffs of 15 per cent on their exports. They all came with strings of promised investments in the US attached. While the agreements looked like capitulation at the time, these governments may be breathing sighs of relief in light of the latest tariffs US President Donald Trump has imposed on Canada, Brazil and India. But 15 per cent is still...

Politics

3 w. ago Can Philippines’ chips sector weather Trump’s 100% tariff storm?

Philippine economists and the nation’s chip industry have sounded the alarm over US President Donald Trump’s proposal to impose 100 per cent tariffs on semiconductor exports to America, warning of potentially devastating consequences. While concerns are mounting, some observers remain optimistic that Manila may weather the storm, pointing to the “Taco” (“Trump always chickens out”) slogan that has gained prominence in recent months – a nod to the mercurial president’s reputation for reversing...

Politics

3 w. ago As Trump threatens 100% semiconductor tariffs, how will Philippine firms react?

Philippine economists and the nation’s chip industry have sounded the alarm over US President Donald Trump’s proposal to impose 100 per cent tariffs on semiconductor exports to America, warning of potentially devastating consequences. While concerns are mounting, some observers remain optimistic that Manila may weather the storm, pointing to the “Taco” (“Trump always chickens out”) slogan that has gained prominence in recent months – a nod to the mercurial president’s reputation for reversing...

Politics

3 w. ago Trump may impose more tariffs on China as punishment for Beijing buying Russian oil

Trump may impose more tariffs on China as punishment for Beijing buying Russian oil  MSN

Politics

3 w. ago Trump may hit China with punitive tariffs over purchases of Russian oil

US Vice-President J.D. Vance said on Sunday that President Donald Trump is “thinking” about slapping new tariffs on imports from China in response to the country’s purchases of Russian oil. Vance was asked in a Fox News interview whether Trump would move against Beijing as he did against New Delhi last week, when the president announced a punitive 25 per cent tariff on Indian imports over the South Asian country’s continued purchase of Russian oil despite his repeated warnings. “The president...

Politics

3 w. ago Trump tariffs live updates: China defends buying Russian oil as US gold tariffs hit Swiss refiners

Trump tariffs live updates: China defends buying Russian oil as US gold tariffs hit Swiss refiners  Yahoo Finance

Politics

3 w. ago Will oil prices fall despite Trump’s tariff threat over Russian supply?

Oil markets are bracing for lower prices despite US President Donald Trump’s threat of punitive tariffs on buyers of Russian oil, including India and China, with higher output from global producers set to compensate for any potential supply drop from Russia. The broad Opec+ group, comprising oil-producing nations taking part in initiatives by the Organisation of Petroleum Exporting Countries, agreed on Sunday to raise production by 547,000 barrels per day for September. Concerns have mounted...

Politics

3 w. ago China’s chipmakers to see small impact from Trump’s 100% tariff on imports: CLSA

China’s top chipmakers, including Semiconductor Manufacturing International Corp (SMIC), are expected to avoid the worst of US President Donald Trump’s plan to impose 100 per cent tariffs on imported semiconductors. According to a research note published by CLSA, the potential impact of the proposed US tariffs on imported chips – the details of which are expected as soon as next week – would be small for SMIC and Hua Hong Semiconductor. The two Shanghai-based firms could also benefit from...

Politics