Credit event risks have been a feature of nearly all the past crises such as the global financial crisis in 2008 and the more recent Covid-triggered scare in 2020.
Piyush Goyal blamed China for the current global crisis, adding that China's entry into the WTO in the 1990s and early 2000s was a turning point
Trump's threat, which he delivered on social media, came after China said it would retaliate against US tariffs announced last week
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
Trump criticised China as the top abuser of the US, saying tariffs are bringing in billions weekly despite China's 34% hike after decades of trade imbalance
Congress MP Manish Tewari slams Centre over high fuel prices despite crude oil plunge; questions if dynamic pricing is only a one-way street as excise duty is hiked
China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to take concrete actions to resolve the tariffs. Putting America First over international rules harms the stability of global production and the supply chain and seriously impacts the world's economic recovery, Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of Liberation Day, coming on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing's role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on US goods, mirroring Trump's tariff rate for China. On Monday, Beijing struck a note of confidence even as markets in Hong Kong and Shanghai tumbled. The People's Daily, the Communist Party's official mouthpiece, had strong words.
Signals resilience as it counters US tariffs with plans to boost domestic demand through stimulus measures, including possible interest rate cuts, amid ongoing trade tensions
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
Donald Trump's post follows a major decline in US stock markets the previous day, which heightened concerns about a possible global economic slowdown
Taiwan will have a 'special channel' meet with the United States administration amid Trump tariffs and growing tensions between China and US, as well as China and Taiwan
In a post on his Truth Social network, Trump reiterated his desire for China to help negotiate a sale and suggested that the US could provide tariff relief in exchange for Beijing's approval
Brent futures dived by $5.30, or 7.6 per cent, to $64.84 a barrel by 1254 GMT. US West Texas Intermediate crude futures lost $5.47, or 8.2 per cent, to $61.48
Simplified is seeking a court order declaring the tariffs unconstitutional and finding that they were adopted in violation of the federal Administrative Procedure Act
China on Thursday said it would resolutely adopt countermeasures after President Donald Trump imposed 34 per cent tariffs on its over USD 438 billion imports to America, but put off any immediate retaliatory action leaving room for a negotiated deal. Trump announced reciprocal tariffs on Chinese imports on Wednesday as part of sweeping measures aimed at reshaping American trade policy. The Chinese Commerce Ministry hit out hard on Trump's tariffs on its exports to the US, third largest after ASEAN and EU, However, its spokesperson skirted questions about an immediate action by China. To questions about the prospect of future trade talks with the US following the latest tariff measures, the ministry said China and the US had been in communications on their trade concerns, and would resolve their concerns through equal dialogues, the Hong Kong's South China Morning Post reported. Separately, the Chinese Foreign Ministry spokesperson Guo Jiakun said the US has imposed tariffs on China
The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of damage from tariff increases so far
Trump on Wednesday announced China would be hit with a 34 per cent tariff, on top of the 20 per cent he previously imposed earlier this year, bringing the total new levies to 54 per cent
The decision would reinstate US President Donald Trump's decision in February to end duty-free entry for cheap Chinese goods entering the US
Clarksons estimates 83% of container ship visits to the US last year faced fines under proposed rules, along with two-thirds of car carriers and nearly a third of crude tankers
US Senator Steve Daines is visiting Beijing as the US and China swap tariff threats and harsh words over each others' handling of the illegal trade in fentanyl. Daines, a strong supporter of President Donald Trump, is in the country for three days of meetings starting Friday, the American Embassy reported. Daines previously worked as an executive for US companies in China and served as a go-between during Trumps' first term in office when tariffs were also a major issue. Daines' schedule hasn't been made public, but an official has said off the record that he is expected to meet with a deputy Chinese foreign minister. That would make him the most senior US representative to meet with a Chinese official since Trump took office. Trump is expected to speak with President Xi Jinping either by phone or in a face-to-face meeting. US-China tensions have spiked as the US imposed 20% duties on Chinese goods, drawing retaliatory tariffs of 15% on US farm goods from China this past week. The