Page 146 - Donald Trump

Rahul Gandhi agrees with Trump calling India 'dead economy'; allies differ

Rahul Gandhi echoes Donald Trump's 'dead economy' remark for India, but Congress leaders and INDIA bloc allies reject the claim, citing strong economic data

Trump tariffs to hit exports; 7% upside in Nifty till Dec '25: Satish Menon

Markets are currently concerned about weak Q1 earnings and a faltering trade deal discussion between the US and India, Menon said, which may severely impact domestic exports

India may face growth, EPS risks as US slaps 25% tariffs: Goldman Sachs

Donald Trump's 25% tariff on Indian goods may slow growth, hurt exports and earnings; Indian stocks could stay weak as trade ties with the US face fresh tension, says Goldman Sachs report

India, Russia can take their dead economies down together: Donald Trump

Donald Trump lashes out at India's ties with Russia, calls both economies 'dead', warns Russia's Medvedev and announces a 25% US tariff on Indian exports

Goldman Sachs, Bernstein, Nomura: Brokerages decode Trump India tariffs

Export-oriented stocks, analysts said, can underperform in the near-term. Investor sentiment till trade talks turn positive from here is expected to remain cautious, they suggest

Trump's tariffs threaten to deepen India's $248 bn stock market rout

India's stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings

Trump child savings a/cs back door for privatising Social Security: Bessent

Treasury Secretary Scott Bessent said Wednesday that the Trump administration was committed to protecting Social Security hours after he said in an interview that a new children's savings program President Donald Trump signed into law is a back door for privatising Social Security. Bessent said Wednesday evening that the accounts created under Trump's tax break-and-spending cut law will supplement the sanctity of Social Security's guaranteed payments. This is not an either-or question: our Administration is committed to protecting Social Security and to making sure seniors have more money, Bessent said in a post on X. Bessent's remarks about privatising Social Security, which he made at a forum hosted by Breitbart News, were striking after Trump's repeated promises on the campaign trail and in office that he would not touch Social Security. It also reignited an issue that has dogged Republicans for years. The White House did not respond to a request for comment. Democrats quickly

Trump says US, India still negotiating after 25% US tariff threat

The 25 per cent figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries

Rupee hits 5-month low after Trump's tariff threat, logs 0.7% drop

Rupee falls 60 paise to 87.42 per dollar after Trump announces 25% tariff and penalty; FPI outflows, Fed policy outlook, and rising dollar add pressure

No deal: Trump's tariffs have increased uncertainty for Indian economy

The announcement is clearly damaging for Indian exporters, along with the Indian government. For some time, it appeared that India was making progress on a trade deal with the US

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed's decision Wednesday leaves its key short-term rate at about 4.3 per cent, where it has stood after the central bank reduced it three times last year. Chair Jerome Powell has said the Fed would likely have cut rates already if not for Trump's sweeping tariffs. Powell and other Fed officials say they want to see how Trump's duties on imports will impact inflation and the broader economy. So far the duties have lifted costs of some goods, such as appliances, furniture, and toys, and overall inflation has risen a bit, though less than many economists had expected. There were some signs of splits in the Fed's ranks: Governors Christopher Waller and Michelle Bowman voted to reduce borrowing costs, while 9 officials, including Powell, favoured standing pat. It is the first time in more than three decades that two of t

India's imports of Russian oil under spotlight after Trump tariffs

From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US. India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022. India, the world's third-largest crude importer after China and the US, began snapping up Russian oil that was available at a discount after some in the West shunned it as a means to punish Moscow for its invasion of Ukraine. From a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia overtook Iraq and Saudi Arabia to become India's No.1 supplier, with a share as high as 40 per cent at one point of time. This month, Russia supplied 36 per cent of all crude o

Trump tariffs on Russian oil put squeeze on India's biggest crude supplier

Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier

India's refiners seek clarity on Russian oil buys after Trump post

On Wednesday, the US President said that he would impose a tariff rate of 25 per cent on India's exports to the US starting on Aug 1

Trump's 25% tariffs: 'Unfortunate', say experts, hope trade deal works out

The move comes even as the two countries continue negotiations on a trade agreement that has been in the works for several months

Trump slaps 25% tariff on Indian goods: Smartphones, pharma, shrimp hit

The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi

All 'taarif', no gain: Congress mocks PM Modi as Trump slaps 25% tariff

Congress criticises PM Modi after Trump imposes 25% tariff on Indian imports, saying the 'Howdy Modi' friendship has brought no real benefits

US economy rebounds in second quarter; but underlying trend is soft

Gross domestic product increased at a 3.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Wednesday

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

Trump says US, Israel to run more Gaza food centres, offers few details

President Donald Trump said Tuesday that the US will partner with Israel to run new food centres in Gaza to address the worsening humanitarian crisis there, but he and US officials offered few additional details about the plan or how it would differ from existing food distribution centres. Trump told reporters aboard Air Force One as he returned from a trip to Scotland that Israel would preside over the new food centres to make sure the distribution is proper. We're going to be dealing with Israel, and we think they can do a good job of it," Trump said. The opaque details come as the Trump administration is facing calls at home and abroad to do more to address the hunger crisis in Gaza. The U.S.'s close ally, Israel, is at the center of an international outcry as more images of emaciated children continue to emerge. That pressure comes after the U.S. pulled out of talks last week to try to broker a ceasefire in the 21-month Israel-Hamas war, accusing Hamas of acting in bad faith. B