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U.S. President Donald Trump. | Photo Credit: Reuters A U.S. trade court on Thursday (May 7, 2026) dealt President Donald Trump a fresh setback, ruling against the 10% global tariffs he instituted after the Supreme Court struck down many earlier duties. The 2-1 ruling by the U.S. Court of International Trade, for now, blocks the…
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The reduction of Russian oil is not just in absolute terms, but also in terms of its share in India’s total oil imports. File. | Photo Credit: Reuters India is implementing a larger strategy to reduce its dependence on oil imports from Russia, with the higher tariffs imposed by the U.S. coming at a time when…
Read More “India’s shift away from Russian oil imports predates Trump tariffs” »
U.S. President Donald Trump‘s order also means a reduced U.S. tariff rate on Japanese cars, from the current 27.5% to 15%. File. | Photo Credit: AP U.S. President Donald Trump signed an order on Thursday (September 4, 2025) to implement the lower tariffs on Japanese automobile imports and other products that were announced in July….
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India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had…
Read More “Indian fuel exports escape Trump’s tariff net, no Russian penalty yet” »
Donald Trump signed three separate executive orders on the tariffs, risking a new trade war. “We need to protect Americans, and it is my duty as President to ensure the safety of all. I made a promise on my campaign to stop the flood of illegal aliens and drugs from pouring across our borders, and…
Read More “"Major Threat Of Illegal Aliens": Trump Imposes Tariffs On Canada, China” »
Washington: President Donald Trump’s tariffs will have a major ripple effect on American households, and drastically lower the purchasing power of poor households, as noted by the Congressional Budget Office. Trump’s tariffs could add an extra $830 tax this year on the average US household as analysed by the nonpartisan nonprofit Tax Foundation. The president…
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A giant electronic board shows CCTV broadcasting news of U.S. President Donald Trump’s inauguration outside a mall in Beijing, on January 21, 2025. | Photo Credit: AP U.S. President Donald Trump on Tuesday (January 21, 2025) said his team is discussing imposing a 10% tariff on China starting February 1 based on the fact that…
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Washington: US president-elect Donald Trump on Friday threatened the European Union with tariffs if the bloc does not reduce its “tremendous” trade gap with Washington through oil and gas purchases. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil…
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File picture of B.V.R. Subrahmanyam, Chief Executive Officer of NITI Aayog | Photo Credit: Shiv Kumar Pushpakar U.S. President-elect Donald Trump’s pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that, NITI Aayog CEO…
There is no chance that BRICS will replace the US Dollar in International Trade, said Trump (File) US President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs. “We require a commitment from…
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