The reduction of US reciprocal tariffs on Indian goods from 25 per cent to 10 per cent is expected to significantly improve the competitiveness of labour-intensive sectors such as pharmaceuticals, electronics, engineering goods, textiles, and gems and jewellery in the American market, industry representatives said.The development follows a US Supreme Court ruling that struck down…
US President Donald Trump (File photo) US President Donald Trump on Saturday increased the global tariff he had announced a day earlier from 10% to 15%, in a strong reaction to the US Supreme Court’s landmark ruling that dealt a stinging blow to his second tenure as president.In a post on Truth Social, the MAGA…
The US Supreme Court’s decision striking down tariffs imposed by President Donald Trump has done little to ease pressures on the global economy, with analysts warning that uncertainty over future trade policy may instead intensify. Economists said the ruling, while limiting Trump’s use of tariffs under emergency powers, is unlikely to change the broader trajectory…
India and Brazil on Saturday agreed to scale up bilateral trade to $30 billion annually by 2030 and signed a key cooperation pact on critical minerals, with Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva pledging to deepen strategic ties amid a shifting global economic landscape.The two leaders also discussed the…
India is pushing to expand its preferential trade agreement with the Mercosur bloc as part of efforts to scale up trade and investment ties with Latin America, commerce and industry minister Piyush Goyal said on Saturday, signalling a broader reset in economic engagement with the region, PTI reported. Speaking at Ficci’s India-Brazil Business Forum, Goyal…
Asha Sharma (Photo credit- Microsoft) TOI Correspondent from Washington: In a sweeping reset during Xbox’s 25th anniversary year, Satya Nadella-led Microsoft has named Asha Sharma as CEO of Microsoft Gaming, pitching another Indian-American into a leadership position at a time of intense xenophobia in MAGA circles. Wisconsin-born Sharma, 43, succeeds Phil Spencer, the widely admired…
Before you make the decision on which asset class to invest in, experts believe it’s prudent to look at historical data. (AI image) Gold and silver have delivered eye-popping returns over the last one year. In contrast, Sensex and Nifty have delivered a muted performance. Gold and silver have already delivered an exceptional run over…
US President Donald Trump when he annoucned reciprocatory tariffs (File photo) US President Donald Trump has imposed a fresh 10% tariff on imports from all countries, including India, hours after the US Supreme Court struck down a key legal basis for several of his sweeping global tariffs. The move shifts the legal foundation of his…
NEW DELHI: The government on Saturday said that India is closely “studying all developments and implications” of the US Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs across the world.In its first statement, the ministry of commerce & industry said, “We have noted the US Supreme Court judgement on tariffs yesterday. President Trump…
Union minister Pralhad Joshi (ANI photo) NEW DELHI: Union minister Pralhad Joshi on Saturday said the Centre will study the recent US Supreme Court ruling on tariffs before making any official statement, stressing that the matter will be handled by the Piyush Goyal-led commerce ministry and Jaishankar’s ministry of external affairs (MEA).Speaking to reporters here,…
