Trade negotiations involve many detailed issues and often take over one year to negotiate, says Cutler
The US and China are holding a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is not easy but the US was doing well at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for several hours on Monday at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace. Wang Wentao, China's commerce minister, and trade negotiator Li Chenggang are also in Beijing's delegation. Asked late Monday how the negotiations were going, Trump told reporters: We are doing well with China. China's not easy. The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since the Geneva talks, the US and China have exchanged an
The ongoing tariff wars seem to have triggered a rethink among Indian businesses, and a growing number of entities are shifting focus to prioritize domestic markets, a survey of 250 entities released on Thursday said. "Indian firms are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritizing local customer needs to ensure stability," the survey of entities having turnovers between USD 50 million-2 billion, said. Over three-fourths of the respondents said that they are reassessing their long-term business strategies in response to changes in trade policies, as per the survey conducted by foreign lender HSBC. Four-fifths of the respondents said they are exercising greater caution in expansion and investment decisions due to trade-related uncertainties. US President Donald Trump has taken a slew of measures on the trade policies front to protect domestic interests, which are different f
In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US
The degree of domestic versus foreign contribution to the consumption of a nation's economy
Investors will likely only be able to assess market opportunities once the trade negotiations take place over the next four to six months, said Mobius
Highest ever order book in first half of FY25 has translated to revenue in Q4
India's exports in value terms grew 2.6 per cent in 2024, while imports rose 6.6 per cent during the calendar year
US President Trump signs executive order to investigate into the national security risks associated with imported critical minerals
The exporters using any inputs from China should now be wary of the US Customs
Despite the rally, benchmarks ended the week 0.3 per cent lower
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹82,840
The US will now impose a 10 per cent baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,110
The Personal Consumption Expenditures (PCE) price index increased 0.4 per cent in February, compared with analysts expectation of 0.3 per cent rise, similar to January's increase
India has imposed anti-dumping duty on four Chinese goods, including vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country. These duties were imposed as these products -- Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid -- were exported to India from China at below normal prices. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed "shall be levied for a period of five years" on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid. The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months. The government has imposed the duty in the range of USD 276 per tonne to USD USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores
Toronto is promoting the adoption of EVs purchased as vehicles for hire by giving drivers and owners a reduction in licensing fees and renewal fees until the end of 2029, to help it lower emissions
Trump has railed against the US goods trade deficit with the EU, although in services there is a US surplus, and urged manufacturers to produce in America
Japan's trade minister said this week that he has failed to win assurances from US officials that the key US ally will be exempt from tariffs, some of which take effect on Wednesday. Yoji Muto was in Washington for last ditch negotiations over the tariffs on a range of Japanese exports including cars, steel and aluminum. Muto said Monday in Washington that Japan, which contributes to the US economy by heavily investing and creating jobs in the United States, should not be subject to 25% tariffs on steel, aluminum and auto exports to America. His meetings with US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House economic advisor Kevin Hassett came just two days before the steel and aluminum tariffs are due to take effect. President Donald Trump has also said a possible 25% tariff on imported foreign autos could take effect in early April. Muto said the US officials acknowledged Japanese contributions and agreed to continue talks, but did not .
Canadian pizzeria Gram's Pizza has decided to boycott US-made products after Trump slapped 25 per cent tariffs on Canada and threatened to annex the country and make it the 51st state of the US