Tariffs
President Trump's 50 percent tariffs on Indian goods have dealt a severe blow to India's China Plus One strategy, undercutting investments made by American companies to hedge their dependency on China. Just over a week since the tariffs took full effect, officials and business leaders in
Tariffs
The US Trade Representative's investigation into Brazil's trade practices is ongoing, with a public hearing scheduled for Wednesday in Washington. The investigation's true intentions are unclear, but sources suggest it may be a "Plan B" for the Trump administration, which could rely
Tariffs
U.S. farmers are bearing the brunt of the Trump administration's trade policies, with rising tariffs on agricultural imports and exports exacerbating an already dire financial situation. The National Corn Growers Association has urgently called for action from the administration on higher fertilizer prices, which have seen an
Economic growth
As the trade policy of the United States continues to evolve under the Donald Trump administration, uncertainty surrounding its implications is having a significant impact on Korea's economic growth. According to the Bank of Korea (BOK), the ongoing uncertainty regarding the trade policy could lower Korea's
Economic growth
The United States' trade policy uncertainty is expected to significantly impact South Korea's economic growth rate, with the Bank of Korea (BOK) estimating a potential reduction of 0.13 percentage point this year. The ongoing uncertainty under the Donald Trump administration could further lower the growth rate
International economic relations
Top Chinese expert Einar Tangen lashed out at President Donald Trump over his imposition of high tariffs on India, describing it as "disgusting" and akin to a "big kid in the classroom stealing people's lunch money". This comes as India and China, two Asian
Tariffs
A federal appeals court has dealt a significant blow to the Trump administration's chaotic trade policy, ruling that the former president's sweeping tariff measures were unlawful. The decision centers on tariffs imposed under the International Emergency Economic Powers Act (IEEPA), a statute crafted in 1977 to
Tariffs
A major decision in the United States, a federal appeals court has ruled that most of the tariffs imposed by President Donald Trump on foreign countries are indeed illegal. This significant ruling, made by a 7-4 margin, could lead to a significant challenge to the Trump administration's foreign
Tariffs
Peter Navarro, a key adviser to US President Donald Trump, has continued to criticize India's purchase of crude oil from Russia, accusing the country of playing a role in funding the "war machine" in Ukraine. Despite India's clarification that its energy deals are guided
International economic relations
In a desperate bid to mitigate the economic blow from US President Donald Trump's steep 50% tariffs, Indian Prime Minister Narendra Modi has vowed to cut taxes and promote domestic self-reliance. Promising a "massive tax bonanza" for the common man and small businesses, Modi has urged
Tariffs
The Pakistani government has introduced a new policy to protect the local auto industry by imposing a 40% tariff on commercial imports of used cars from September, while prohibiting imports of accidental vehicles. This decision is part of the country's agreement with the International Monetary Fund (IMF), which
Tariffs
As manufacturers navigate the seismic shift caused by rising tariffs, supply chain turmoil, and unpredictable U.S. trade policy, their tax teams face a daunting task. The One Big Beautiful Bill Act aims to reshore, offer tax incentives, and implement industrial strategy, which could significantly impact manufacturers' tax obligations,
