Tariffs
India remains optimistic about its bilateral relationship with the US despite the imposition of tariffs by President Donald Trump, with the country continuing to engage with shared interests and democratic values. The Indian government has stated that it is exploring ways to address the issue through shared interests, while also
Tariffs
As September marks a critical forecasting month in the industry, suppliers are grappling with uncertainty surrounding the trajectory of the light vehicle market, with looming U.S. tariffs, negative economic and geo-political shifts, and changes to U.S. vehicle emission legislation casting a cloud of uncertainty over the industry. The
Tariffs
The producer price index in the US saw a significant jump in July, increasing by 3.3% from a year earlier, according to the Bureau of Labor Statistics. This rise is the highest since February and surpasses the expected 2.5% annual gain. The increase in prices is attributed to
Tariffs
China and India, two of the world's fastest-growing economies, are finding common ground in the face of a growing US-China trade war. The two countries have a long history of strained relations, particularly in 2020, following the Galwan Valley clash, but recent developments suggest a shift in bilateral
Tariffs
S&P Global Ratings director YeeFarn Phua believes that the US tariffs imposed on India are unlikely to have a significant impact on the country's economy, given its limited trade-oriented economic structure and minimal trade dependence on the US. The tariffs, which total 50% (25% base tariff
Tariffs
A recent economic think tank report urges the Indian government to provide targeted support for vulnerable sectors and pursue selective tariff cuts to mitigate the impact of a 50% tariff hike by the US. The report, authored by economists Ashok Gulati, Sulakshana Rao, and Tanay Suntwal, highlights the critical role
Tariffs
Pakistan's government is aiming to boost the country's automobile industry by gradually reducing tariffs over the next five years and working on a strategy to increase exports. Commerce Minister Jam Kamal Khan announced the plan during a meeting with industry representatives in Islamabad, emphasizing the importance
Tariffs
As the US presidency of Donald Trump entered its second year, a group of "stock vigilantes" was expected to curb his wild economic impulses by keeping a close eye on the markets. However, since Trump abandoned tariffs in April, investors have become complacent, disregarding policy pronouncements that should
Tariffs
As US President Donald Trump's 50 per cent tariffs loom, Indian Prime Minister Narendra Modi has drawn a red line: protecting the interests of farmers, livestock producers, and fisherfolk will not be compromised. The reality is harsh, however, with local farmers potentially benefiting little from protection, and the
Tariffs
Indian exports could face a sharp hit due to the US's increasing protectionism and tariffs on imports, warns former Reserve Bank of India Governor DUVVURI SUBBARAO. He estimates the potential growth hit could be 20-50 basis points in a year, depending on the extent of diversion and adjustment.
Tariffs
The Trump administration has taken an unprecedented step in its dealings with the business world, as evidenced by the recent agreement between chipmakers Nvidia and AMD and the US government. In exchange for export licenses for semiconductors, the companies have agreed to pay 15% of their revenues from China to
Tariffs
Despite initial concerns of soaring prices, Canadian shoppers have seen only moderate increases in some categories, while others have remained steady or even fallen. The Canadian economy's resilience can be attributed to a combination of factors, including the effective tariff rate, government subsidies, and companies' ability to
