Tariffs
As the US grapples with escalating trade tensions and tariffs, business executives are starting to act on their fears, with a significant majority saying they are cutting costs or planning to do so in response to economic uncertainty. A recent survey by PricewaterhouseCoopers found that 48% of US executives cited
Tariffs
In a significant move, India and the United Kingdom have finalized a Free Trade Agreement (FTA) on May 6th, 2025, after three years of negotiations. The agreement includes zero-duty exports for 99% of Indian products to the UK. Meanwhile, India and Oman are in the final stages of negotiating the
Tariffs
With just one month left before his self-imposed tariff deadline, President Donald Trump has failed to secure trade deals with most nations, despite a breakthrough call with Chinese President Xi Jinping, which paved the way for a new round of talks in London. However, the diplomacy was overshadowed by a
Tariffs
Indian Commerce and Industry Minister Piyush Goyal confirmed the country's commitment to the trade agreement, with both India and the US aiming to finalise an interim agreement by the end of June. The deal, first announced in February 2025, aims to boost trade between the two nations from
International trade
The US Court of International Trade has dealt a significant blow to President Donald Trump's authority to impose tariffs, ruling that most of the tariffs imposed by Trump were unlawful. Three judges of the USCIT struck down the tariffs, citing the American Constitution's principle that taxation,
Tariffs
The Trump administration remains committed to its tariff strategy despite a recent trade court decision ruling that President Trump had misused an emergency economic powers law in trying to wage a global trade war. Top economic advisers, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, have signaled that
Tariffs
Global markets took a hit on [unknown date] as Donald Trump accused China of violating its tariff truce with America, threatening to reignite a global trade war between the world's two biggest economies. The S&P 500 index fell 1.1 per cent, while the tech-heavy Nasdaq
Tariffs
President Donald Trump's decision to double tariffs on foreign steel and aluminum has sparked concerns that the prices of everyday consumer goods, from canned foods to soap, could increase significantly. The tariffs, which go into effect on Wednesday, could lead to higher production costs for companies that rely
Tariffs
U.S. President Donald Trump celebrated a new partnership between Nippon Steel and U.S. Steel at a rally in Pennsylvania, where he announced a significant increase in tariffs on steel imports, citing national security concerns and his efforts to boost domestic steel production. Trump said the tariff rate hike
Tariffs
US President Donald Trump has committed to doubling US tariffs on steel and aluminium imports from Australia, effectively making them 50 per cent, in a move that would affect approximately $1 billion worth of Australian metal exports. During a visit to the Pittsburgh, Pennsylvania, headquarters of US Steel, Trump expressed
Tariffs
President Donald Trump announced on Friday that he's doubling tariffs on foreign steel from 25 to 50 percent as he celebrated a "partnership" between U.S. Steel and Japan's Nippon Steel. Trump made the announcement at a rally outside Pittsburgh, where he vowed that
Tariffs
President Donald Trump announced on Friday a dramatic increase in tariff rates on steel imports to 50%, citing the need to further secure the US steel industry. This decision comes as part of a deal between US Steel and Japan's Nippon Steel, where the latter will invest in
