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
India's textile industry is preparing to face global trade challenges with renewed focus on export competitiveness and a commitment to achieve a target of $100 billion in exports by 2030. The Government of India has outlined a plan to constitute sub-committees to suggest structural reforms, identify strategies for
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
India-US relations have soured over trade tariffs and diplomatic slights, prompting a critical visit by Indian Prime Minister Narendra Modi to the United States in late September. Modi's trip aims to smooth over differences with US President Donald Trump and reach a compromise on tariffs. The visit'
Tariffs
US inflation remained unchanged at 2.7 per cent in July, defying expectations that Donald Trump's tariffs would drive prices higher. The data, which was released yesterday, sent stocks soaring, with the S&P 500 index rising 0.8 per cent to a record high. Despite the
Tariffs
Asian shares mostly rose on Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days, giving more time for trade talks to avoid a possible showdown between the world's two major economies. The Tokyo-based Nikkei 225 surged 2.2% to a record high, while
Tariffs
As U.S. President Donald Trump's tariffs continue to have a ripple effect on the economy, economists at Goldman Sachs warn that the burden of the tariffs will increasingly be passed on to consumers, exacerbating inflation. Although American businesses have borne most of the brunt of the tariffs
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The Malaysian rubber market rallied on Tuesday, buoyed by stable benchmark crude oil prices and the extension of the US-China tariff truce by 90 days. This move eased trade tensions and lifted investor sentiment across the region. Despite some mixed trends in regional rubber futures markets and a slightly stronger
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As the cost of President Donald Trump's tariffs continues to rise, Trump has escalated his war against Federal Reserve Chairman Jerome Powell, threatening a "major lawsuit" against him for the $2.5 billion cost of the Fed renovation. The latest Consumer Price Index (CPI) report shows
Tariffs
As the global reciprocal tariffs implemented by President Donald Trump resumed after a brief pause, the president took to his Truth Social account to defend his policies, claiming that companies and governments, rather than consumers, were footing the bill. Despite a study by the Yale Budget Lab suggesting that consumers
Tariffs
The price of gold has stabilised following a tumultuous week, sparked by concerns over US tariffs on bullion exports. US President Donald Trump's announcement that gold would not be tariffed has alleviated investor uncertainty, causing futures to drop 2.4% to $3,407 per ounce. The decision has
Tariffs
As part of a highly unusual arrangement with President Trump, Nvidia and Advanced Micro Devices (AMD) will give the US government 15% of their revenue from selling artificial intelligence (AI) chips to China. This deal was finalized after Nvidia's CEO, Jensen Huang, met with President Trump at the
