Vance applauded in the Rose Garden as President Donald Trump announced a broad new round of tariffs aimed at reviving US manufacturing, calling it a declaration of "economic independence"
John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand. Then President Donald Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs, he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more Ameri
The penalties announced by Trump on Wednesday triggered a plunge in world financial markets and drew condemnation from other leaders
The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation
For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable
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
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 has declared April 2 as 'Liberation Day', asserting that the tariffs will liberate the US from its dependence on foreign goods
According to the National Statistics Office's second advance estimates, the Indian economy is estimated to have grown 6.5 per cent in FY25
Since October, FPIs have offloaded Indian equities worth ₹2.1 trillion, with seven sectors
Waaree expects most of its 5.4 GW solar cell manufacturing capacity in the western state of Gujarat to be operational by March-April this year. The company has about 13.3 GW of capacity module
Tariffs imposed on specific segments of global value chains often have a ripple effect, impacting not only the targeted industries and countries, but also the entire value chain
Since the third week of September, the US dollar has strengthened 4.0 per cent against a basket of EM currencies
Trade policy meet may also take up issues like GSP, non-tariff barriers
US President Joe Biden on Friday named two Indian-Americans -- Revathi Advaithi, CEO of Flex, and Manish Bapna, CEO of the Natural Resources Defence Council -- to the Advisory Committee for Trade Policy and Negotiations. On Friday, Biden announced his intent to appoint 14 people to the Advisory Committee, which provides overall policy advice to the United States Trade Representative on matters of development, implementation, and administration of the US trade policy. Among these include negotiating objectives and bargaining positions before entering into trade agreements, the impact of the implementation of trade agreements, matters concerning the operation of any trade agreement once entered into, and other matters arising in connection with the development, implementation, and administration of the trade policy of the United States, the White House said. Revathi Advaithi is CEO of Flex, "the global manufacturing partner of choice that helps a diverse customer base design and build
The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years
Asserts Indian exports not impacted by GSP, says India looking to have very contemporary and modern digital laws, while maintaining high levels of data privacy
Countries to accept trading partners' currency; move aimed at reducing dollar dependence
Union Commerce and Industry Minister discussed the proposed waiver to provisions of WTO Agreement on TRIPS for Covid-19-specific items and raising vaccine production with Katherine Tai
US Trade Representative Katherine Tai has not yet made a recommendation to President Joe Biden on India and South Africa's proposal before the WTO to temporary waive some of the TRIPS during the Covid