Page 63 - United States

JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation

Jamie Dimon expressed concerns about how the tariffs would impact America's long-term economic alliances

US secy of state expressed interest in deepening co-op in many sectors: Pak

US Secretary of State Marco Rubio on Monday said that cooperation in economy and trade would be the "hallmark" of future ties with Pakistan. Rubio made the comments during a telephonic conversation with Deputy Prime Minister/Foreign Minister Ishaq Dar, the Foreign Office said in a statement. It said the two leaders discussed bilateral relations, regional security, and economic cooperation. Dar reiterated Pakistan's commitment to strengthening its partnership with the US. He emphasised the importance of strengthening cooperation in areas such as trade, investment and counter-terrorism. Rubio reciprocated the desire to collaborate with Pakistan in trade and investment in various sectors, especially critical minerals, saying that cooperation in economy and trade would be the hallmark of future relations between the two countries. Dar highlighted Pakistan's efforts in successfully fighting terrorism during 2013-18, which caused Pakistan huge economic and human losses. The two leaders

'Don't be weak or stupid': Trump tells Americans amid market meltdown

Donald Trump touted the steep drop in oil prices - largely driven by fears of reduced demand - as a policy win in a post on Truth Social

US denies Tahawwur Rana's plea seeking stay on his extradition to India

Rana, 64, a Canadian national of Pakistani origin, is currently lodged in the Metropolitan Detention Center in Los Angeles

Manufacturers in India not overly concerned with US tariffs: IT Secy

The electronics and IT sector manufacturers are not "overly" concerned about the recent hikes in import duty by India's largest trading partner the US, a top government official said on Monday. However, the impact will depend on how the tariff situation plays out ahead, Electronics and IT Secretary S Krishnan said. "We've been in regular consultation with manufacturers in India. That is something that we are speaking to them on an ongoing basis. They are not overly concerned right now, but it also depends on how this whole situation plays out. It's a dynamic situation," Krishnan told reporters at a Cert-In event. The US on April 3 imposed an additional 26 per cent tariff on Indian goods, effective April 9. The sector players are of the view that the Indian industries are better placed as compared to their competitors in the electronics segment. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing a 46 per cent tariff, China 34 p

Inside the bizarre White House Signal slip that nearly got Mike Waltz fired

Atlantic editor Jeffrey Goldberg was 'accidentally' added to a White House Signal group discussing potential Yemen strikes due to a contact mix-up involving NSA Mike Waltz

Deportation of Maryland man to El Salvador prison wholly lawless: Judge

The US government's decision to arrest a Maryland man and send him to a notorious prison in El Salvador appears to be wholly lawless, a federal judge wrote Sunday in a legal opinion explaining why she had ordered the Trump administration to bring him back to the United States. There is little to no evidence to support a vague, uncorroborated allegation that Kilmar Abrego Garcia was once in the MS-13 street gang, US District Judge Paula Xinis wrote. And in any case, she said, an immigration judge had expressly barred the U.S. in 2019 from deporting Abrego Garcia to El Salvador, where he faced likely persecution by local gangs. "As defendants acknowledge, they had no legal authority to arrest him, no justification to detain him, and no grounds to send him to El Salvador let alone deliver him into one of the most dangerous prisons in the Western Hemisphere," Xinis wrote. She said it was eye-popping" that the government had argued that it could not be forced to bring Abrego Garcia back

India, China, rich nations; must help in crises like Myanmar quake: US

Describing India and China as rich countries, US Secretary of State Marco Rubio said while America is willing to continue to help those affected by the Myanmar earthquake, other countries should also pitch in to provide humanitarian assistance during such crises worldwide. "Well, we're not the government of the world. No, we will provide humanitarian assistance just like everybody else does and do it the best we can. But we also have other needs we have to balance that against. We're not walking away from humanitarian assistance, Rubio told the media at NATO Headquarters in Brussels on Friday. Rubio was responding to a question about the earthquake and how the US offered help during such incidents by saving lives on the ground through special equipment and experts. Rubio was asked if that was not happening because of the dismantling of the United States Agency for International Development (USAID). There's a lot of other rich countries in the world. They should all be pitching in.

Chevron told to pay $740 mn to restore Louisiana coast in landmark case

Oil company Chevron must pay more than $740 million to restore damage it caused to southeast Louisiana's coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens of pending lawsuits to reach trial in Louisiana against the world's leading oil companies for their role in accelerating land loss along the state's rapidly disappearing coast. The verdict - which Chevron says it will appeal - could set a precedent leaving other oil and gas firms on the hook for billions of dollars in damages tied to land loss and environmental degradation. What did Chevron do wrong? Jurors found that energy giant Texaco, acquired by Chevron in 2001, had for decades violated Louisiana regulations governing coastal resources by failing to restore wetlands impacted by dredging canals, drilling wells and billions of gallons of wastewater dumped into the marsh. No company is big enough to ignore the law, no company is big enough to w

Prices of coffee, cocoa slide as Trump's tariffs spark demand worries

Sugar prices also fell, caught in the melee of tariffs as the US is also one of the world's top sugar importers

Trump's tariffs aim for wealth, but will US consumers foot higher bills?

New tariffs on cars, electronics, and essentials could drive up costs for Americans, raising concerns over whether Trump's economic strategy will burden consumers more than benefit them

Trump announces reciprocal tariffs, vows to 'make America wealthy again'

US President Donald Trump announces new reciprocal tariffs under his 'Liberation Day' plan, calling it a declaration of economic independence despite inflation concerns in the US

Donald Trump unveils sweeping tariffs on all imports: Here's the full list

Trump declared a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US

Trump pressures Senate Republicans to block bid to overturn Canada tariffs

Senate Republicans are facing pressure Wednesday from President Donald Trump to oppose a Democratic resolution that would nullify the presidential emergency on fentanyl he is using to implement tariffs on Canada. Just hours after Trump is set to announce his plan for reciprocal tariffs on China, Mexico and Canada -- his so-called Liberation Day -- the Senate was expected to vote on a resolution that offers Republicans an off-ramp to the import taxes on Canada. It is a significant test for Republican loyalty to Trump's vision of remaking the U.S. economy by clamping down on free trade. Many economists are warning that the plan could cause an economic contraction, and GOP senators are already watching with unease as Trump upends U.S. standing with the rest of the world. The votes of at least four Republicans -- Sens. Lisa Murkowski of Alaska, Susan Collins of Maine, Mitch McConnell of Kentucky and Rand Paul of Kentucky -- were thought to be lining up in favor of the resolution. If all

US orders for Indian goods dry up before Trump's 'Liberation Day' tariff

Aside from air cargo, shipments transported by sea arriving after April 2 are likely to be subject to the new tariffs, compounding the uncertainty

US markets on edge as Trump's sweeping new tariffs spark economic fears

Financial experts warn of economic slowdown as new tariffs disrupt global trade, heightening concerns over inflation, job losses, and market instability in the US

US slams India's local testing norms, standards for telecom and electronics

USTR report trains its guns on scheme mandating telecom equipment meets cybersecurity standards

US health department mass layoffs begin as RFK Jr orders 10,000 job cuts

Among those cut were Peter Stein, a top official at the Food and Drug Administration who oversaw reviewers that evaluate new drugs

India to significantly cut tariffs before April 2 deadline, claims Trump

India to lower tariffs ahead of US-imposed reciprocal duties on April 2, President Donald Trump claims, adding nations are now reducing unfair trade barriers against American exports

US sanctions six Chinese and Hong Kong officials for rights abuses

Western countries have criticized Beijing for imposing the national security law on Hong Kong and using it to jail pro-democracy activists