Global Trade War

Top diplomats from the Group of Seven industrialised democracies are converging on southern Ontario as tensions rise between the US and traditional allies like Canada over defence spending, trade and uncertainty over President Donald Trump's ceasefire plan in Gaza and efforts to end the Russia-Ukraine war. Canadian Foreign Minister Anita Anand said in an interview with The Associated Press that the relationship has to continue across a range of issues despite trade pressures as she prepared to host US Secretary of State Marco Rubio and their counterparts from Britain, France, Germany, Italy and Japan on Tuesday and Wednesday. Anand also invited the foreign ministers of Australia, Brazil, India, Saudi Arabia, Mexico, South Korea, South Africa and Ukraine. She said 15 foreign ministers are coming from around the world to the Great White North and funnily enough on the week of our first large snowfall. The work that Canada is doing is continuing to lead multilaterally in an era of a .

A significant drag comes from the private banking sector, which is expected to report its second consecutive quarter of declining earnings since March 2020

Besides India, Korea, Brazil, United Arab Emirates (UAE), Poland and Philippines are the other emerging markets (EMs) where JP Morgan has maintained an 'overweight' stance

In their bear-case scenario, WGC sees gold prices dip 12 - 17 per cent in H2-CY25 finishing 2025 with positive but low double-digit (or even single-digit) return

Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.

Trump administration officials have named India as one of several countries the US is prioritising negotiations with during the 90-day pause on higher duties

Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression

There is relief that the so-called reciprocal tariffs have been put on hold for 90 days, though the base tariff of 10 per cent remains

Mr Trump thrives on uncertainty; he likes to keep the world agog, guessing what comes next

The renewed interest by FIIs in Indian stock markets could be a one-off, said market analysts, who expect flows - both domestic and foreign - to remain volatile going ahead depending on news flow

Trump is imposing tariffs on China as high as 104 per cent along with import taxes on roughly 60 trading partners that run trade surpluses with the US

Asian shares sank again on Wednesday as the latest set of US tariffs, including a massive 104 per cent levy on Chinese imports, was due to take effect. Japan's Nikkei 225 index initially lost nearly 4 per cent and markets in South Korea, New Zealand and Australia also declined. On Tuesday, the S&P 500 dropped 1.6% after wiping out an early gain of 4.1%. That took it nearly 19% below its record set in February. The Dow Jones Industrial Average dropped 0.8%, while the Nasdaq composite lost 2.1%. Uncertainty is still high about what President Donald Trump will do with his trade war. The sharply higher tariffs were scheduled to kick in after midnight Eastern time in the US, and investors have no idea what to make of President Donald Trump's trade war. The retreat overnight and into early Wednesday in Asia followed rallies for stocks globally earlier in the day, with indexes up 6 per cent in Tokyo, 2.5 per cent in Paris and 1.6 per cent in Shanghai. The Nikkei 225 in Tokyo fell more ..

Speaking at the India Global Forum's "NXT25" summit, Chauhan stated that India stands to benefit as the world shifts away from multilateralism and is likely to outperform global markets

Senior Minister Lee Hsien Loong, who stepped aside as prime minister in May after two decades in the job, followed with remarks of his own at a community event on Sunday

Oil plunged 7 per cent on Friday as China ramped up tariffs on US goods, escalating a trade war that has led investors to price in a higher probability of recession

The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said

It is widely anticipated that the 25 per cent tariff imposed by the US from March 12, 2025, will lead to trade diversion and increased imports into India

The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets

UN Secretary General Antonio Guterres has warned that "all will lose" when countries get into trade wars, against the backdrop of tariff wars unleashed by the Trump administration. "I think we live in a global economy. Everything is interlinked. And obviously, one of the great advantages of having a situation of free trade is to create the conditions for all countries to benefit. When we enter into a trade war, I believe all will lose," Guterres said here on Wednesday. He was responding to a question on the growing global trade war. US President Donald Trump, in his second term in the White House, has said America will impose reciprocal tariffs on nations that charge high levies on US goods. The Trump administration's global tariffs on steel and aluminum have come into effect, prompting the European Union (EU) and Canada to also announce levies on US products. The administration has also announced tariff on imports from Canada, Mexico and China. In a retaliatory action, these ...

President Donald Trump's unpredictable announcements on trade policy have whipsawed markets and drawn tariff retaliation from trading partners, ramping up a global trade war