Says no sector should be protected and markets need to be opened up globally
Lot of green mobility possibilities if there is more openness to Chinese tech
US signals softer dairy stance, eyeing premium cheese exports to India as trade talks restart; India wary of opening sensitive farm sector
Stocks to watch on Wednesday, September 10, Bajaj Auto: To fully pass on GST cut benefits; price reduction up to ₹20,000 on bikes and ₹24,000 on three-wheelers from September 22.
The order mentioned that Japan would also purchase US-made commercial aircraft, as well as United States defence equipment
He added, 'We will use the funds to build our energy infrastructure, chip manufacturing, critical minerals mining, and shipbuilding to name a few'
Union Minister Piyush Goyal said there is never a fixed timeline for negotiations and they should be conducted patiently with a long-term perspective
India-US trade deal: Trump said that India does a tremendous amount of business with the US, while the US does very little with India
Japan has cancelled a planned visit to Washington amid tensions over US demands for Tokyo to increase American rice imports
Wide ranging policy reforms are needed to counter American trade shock
Trump said, foreign nations are now paying hundreds of billions of dollars straight into our treasury, we are receiving trillions of dollars, far beyond billions
EICI CEO Vijay Kumar discusses the impact of the 25% tariff on Indian express exports to the US, noting small dips
Any sectoral costs of a US trade deal must be compared to the costs of not having a deal. External pragmatism coupled with internal reforms can yet turn this impasse into an opportunity
Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of a new era of development late last year. The speech was more than symbolic it signalled the launch of what could be Vietnam's most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and become Asia's next tiger economy a term used to describe the earlier ascent of countries like South Korea and Taiwan. The challenge ahead is steep: Reconciling growth with overdue reforms, an aging population, climate risks and creaking institutions. There's added pressure from President Donald Trump over Vietnam's trade surplus with the US, a reflection of its astounding economic trajectory. In 1990, the average Vietnamese could afford about USD 1,200 worth of goods and services a year, adjusted for local prices. Today, that figure has risen by more than 13 times to USD 16,385. Vietnam's transformation into a global ...
India should never lose its strategic autonomy, never yield to pressure while negotiating trade deals with the US, former G20 Sherpa Amitabh Kant said on Friday, while suggesting that the country should look at a long-term perspective and behave in a calm and collected manner. Speaking at the Business Today India@100 event, Kant said India should use trade-related uncertainties as a unique opportunity to carry out very vigorous reforms in the economy. "We still have 20 days for these (US) tariffs to kick in. We should never yield to pressure, but we should negotiate in a very rational manner, in a sensible manner, and I think there is plenty of time to be able to arrive at an agreement," he said. On August 6, the United States announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure was in response to India's continued purchase of Russian oil.
The Indian establishment, which largely welcomed Trump's ascent to power and genuinely believed that the two were on the cusp of a mutually beneficial deal, seems somewhat shell-shocked
Japan was hit with higher-than-expected universal tariffs as part of the wave of new levies introduced by the Trump administration Thursday
Trump Tariff Impact: The US has imposed a 25 per cent penalty via executive order, which takes the total tariff burden to 50 per cent on select Indian goods.
White House Trade Adviser Peter Navarro said US wants to impose tariffs on China without hurting its own economy
US President Donald Trump raised the tariffs on Canadian goods to 35 per cent last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties. Goods that comply with the 2020 United States-Mexico-Canada Agreement trade pact that Trump negotiated during his first term are excluded from the tariffs. Here is a look at Trump's tariffs on the two countries and their exemptions: Most Canadian exports reaching the US duty free Canada's central bank says 100 per cent of energy exports and 95 per cent of other exports are USMCA compliant. The Royal Bank estimated that almost 90 per cent of Canadian exports appear to have accessed the US market duty free in April. Canadian Prime Minister Mark Carney said the commitment of the United States to the core of USMCA, reaffirmed again last week, means the US average tariff rate on Canadian goods remains one of its lowest, and over 85 per cent of Canada-US trade continues to be tariff free. "Canada