Economic conditions
US President Donald Trump's aggressive tariff regime, dubbed the "Trump Round" of trade talks, has led to significant victories for the US, with many countries signing agreements on Trump's terms. However, India finds itself alongside Brazil, Burma, and Switzerland facing steep US tariffs. This
Tariffs
Until now, the global trade system built and expanded after World War II had relied on openness and the principle of common global interests, but it has been killed stone dead by President Trump's unilateral imposition of tariffs on all goods imported into the US from 90 trading
Tariffs
Canada's small- and medium-sized aluminum processing companies are facing significant difficulties as a result of the ongoing trade war with the U.S., with more than 1,700 businesses in Quebec employing almost 30,000 people struggling to stay afloat. The industry is calling on the federal government
Tariffs
US President Donald Trump's executive order has introduced a new era of mercantile competition, hitting dozens of US trading partners with tariffs, while formalizing recent deals with others, including the UK and EU. Key exporters to the US, such as Taiwan, will incur steep new levies, while Canada,
Tariffs
US President Donald Trump has taken a bold step to reshape global trade, unveiling new tariffs on nearly 70 countries, including a 35% duty on neighbor Canada. The move is seen as a demonstration of raw economic power, designed to strengthen US exporters and encourage domestic manufacturing. However, the muscular
Tariffs
Canada's Minister of International Trade Dominic LeBlanc acknowledged that negotiations with the United States on a new trade deal are unlikely to yield a comprehensive agreement in the short term. Despite efforts to revive talks, the tariff standoff between the two countries persists, with 35-per-cent tariffs imposed on
Tariffs
The US auto industry, once expected to reap the benefits of Donald Trump's trade war, has emerged as one of the biggest victims. The global car industry has been reeling from collapsing market share in China, rising costs of shifting away from the internal combustion engine, and tepid
Tariffs
Pakistan's automobile industry is bracing for significant changes as the government implements reforms backed by the International Monetary Fund (IMF), which could lead to the closure of over 1,200 manufacturing plants, a leading members of the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) warned. The
Protectionism
The Trump administration's latest tariff agreements will push the average effective tariff rate on goods entering the US to around 18%, up from 2% at the start of the year. This move marks an unprecedented four months of upheaval, with the US imposing daily threats of import taxes,
Tariffs
India and the US had overcome several challenges despite President Donald Trump's punitive tariffs on Indian goods and criticism of energy and defence purchases from Russia, the External Affairs Ministry spokesperson Randhir Jaiswal said in a media briefing on Friday. Jaiswal pointed out that India remains focused on
Canadians
Canadian Prime Minister Mark Carney has reiterated his commitment to protecting Canadian workers and industries following the US imposition of 35% tariffs on Canadian goods. The move, announced by US President Donald Trump via executive order, raises tariffs from 25% and applies to all Canadian exports not covered by the
Tariffs
As the news of Donald Trump's second term spread across India, Foreign Minister S. Jaishankar expressed optimism, stating that India is "not one of the countries" that are nervous about the US. However, this optimism has rapidly unraveled, with trade proposals stalling and a barrage of
