Page 158 - Donald Trump

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

Trump hints at 20-25% tariffs on Indian goods, says deal not final yet

As India and the US race to finalise a trade deal by August 1, Trump warned that tariffs on Indian exports could go up to 25%. However, he added that no final decision had been made

India braces for higher US tariffs, eyes broader trade deal: Report

Trump said on Monday most partners that do not negotiate separate trade deals would soon face tariffs of 15 per cent to 20 per cent on their exports to the United States

India may pay 20% to 25% tariff but not yet final, says Donald Trump

India has been a good friend, but India has charged basically more tariffs than almost any other country, said Donald Trump

China, US extend tariff pause after Stockholm trade dialogue concludes

Talks in Stockholm lead to agreement on maintaining existing tariffs; discussions also covered market access, fentanyl, tech exports, and possible Trump-Xi summit

Russia kills 21 civilians in Ukraine, remains defiant over Trump's threats

Russian glide bombs and missiles struck a Ukrainian prison and a medical facility overnight, killing at least 21 people, officials said Tuesday, as Russia kept up its bombardment of civilian areas despite US President Donald Trump's threat to soon punish it with sanctions and tariffs unless it stops. A Russian airstrike on a prison in Ukraine's southeastern Zaporizhzhia region killed at least 17 inmates and wounded more than 80 others, officials said. In the Dnipro region, authorities reported at least four people were killed and eight injured. Trump said Monday he is giving Russian President Vladimir Putin 10 to 12 days to stop the killing in Ukraine after three years of war, moving up a 50-day deadline he had given the Russian leader two weeks ago. The move meant Trump wants peace efforts to make progress by Aug 7-9. Trump has repeatedly rebuked Putin for talking about ending the war but continuing to bombard Ukrainian civilians. But the Kremlin hasn't changed its tactics. I'm .