US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions
External Affairs Minister S Jaishankar said the world is heading towards a period of sharp competition and contestation, where the planning is going to be much harder for different countries
Billionaires earned $304 billion in a day after Trump paused tariffs; Musk up $36 billion. Critics allege market manipulation over his bullish post before the surprise move
Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions
As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure
The Hang Seng Tech Index has shed more than $350 billion in market value since a March high, though it has gained about 9 per cent over the past three sessions
In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.
Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days
US raises tariffs on Chinese imports to 125 per cent from earlier stated 104 per cent. This came after China retaliated with 84 per cent tariffs on US goods
The Chinese spokesperson said the Asian nation is hopeful of working with the US to resolve differences through dialogue
A 2018 speech by Chinese President Xi Jinping goes viral as US and China implement tit-for-tat tariffs on one another
US-China trade war: 20, 54, 104, 125 per cent tariffs, company backlisting, antitrust probes, lawsuits, and more
China is reaching out to other nations as the US layers on more tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success from countries unwilling to ally with the main target of President Donald Trump's trade war. Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions. China has refused to seek talks, saying the US was insincere and that it will fight to the end in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 125%. China has retaliated with tariffs on US goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. China has thus far focused on Europe, with a phone call
US imposes 125 per cent tariffs on all Chinese goods; China hits back with 84 per cent tariffs on all US imports, escalating trade tensions between the world's two largest economies
His remarks come amid the escalating tensions between two strong economies of the world. Trump on Wednesday (IST) raised China's reciprocal tariffs to 125 per cent
Jeffrey Sachs warns India against US geopolitical strategies amid trade war triggered by Trump tariffs
Beijing highlights mutual gains in US-China trade relations, warns against Trump's protectionist policies, and more in white paper
US China trade war: Beijing had previously called Trump's ultimatum 'coercive' and stated that it would 'fight to the end'
Chinese Premier Li Qiang reiterated Beijing's optimism about its growth prospects in 2025, the world's second-largest economy, despite the recent tariffs from the US
US Secretary of Defense Pete Hegseth said Tuesday the Panama Canal faces ongoing threats from China, but that together the US and Panama will keep it secure. Speaking at a ribbon cutting for a new US-financed dock at the Vasco Nuez de Balboa Naval Base after a meeting with Panama President Jos Ral Mulino, Hegseth said the US will not allow China or any other country to threaten the canal's operation. "To this end, the United States and Panama have done more in recent weeks to strengthen our defense and security cooperation than we have in decades," he said. Hegseth alluded to ports at either end of the canal that are controlled by a Hong Kong consortium, which is in the process of selling its controlling stake to another consortium including BlackRock Inc. China-based companies continue to control critical infrastructure in the canal area," Hegseth said. "That gives China the potential to conduct surveillance activities across Panama. This makes Panama and the United States less ..