Buisiness

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, in Washington. AP/PTI US President Donald Trump’s latest wave of reciprocal tariffs has dealt a significant blow to numerous countries, with rates ranging from 10% to as high as 50%. However, five countries—Russia, Canada, Mexico, North…

Wall Street and global markets took a sharp downturn Thursday following US President Donald Trump’s announcement of new tariffs on imports from around the world, stoking fears of an escalating trade war and rising recession risks, news agency AP reported. Futures for the S&P 500 plunged 3.4%, while Dow Jones Industrial Average futures dropped 2.8%,…

Russia President Vladimir Putin and US President Donald Trump US President Donald Trump has announced sweeping tariffs, imposing a minimum 10% levy on nearly all nations worldwide, with additional higher rates targeting approximately 60 countries. Notably, Russia was missing from the list of countries.During his announcement, Trump held up a board listing around 50 countries,…

AI generated image (Representative ) Industry leaders in India have expressed that the 27 percent reciprocal tariffs announced by US President Donald Trump will lead to a significant reshaping of global trade and manufacturing supply chains, although the impact on India’s resilient economy is expected to be marginal. Industry bodies emphasized that the full effect…

Gold prices reached a new high on Thursday(local time) after President Donald Trump’s declaration of new tariffs against most US trading partners.Gold surged past its previous record around 2300 GMT, climbing above $3,150 an ounce as investors sought refuge in the precious metal amid declining stock market futures.Gold trading continued its upward trajectory, reaching approximately…

India and the US are currently in discussions regarding a bilateral trade agreement. (AI image) India has termed US President Donald Trump’s announcement of 26% reciprocal tariffs a ‘mixed bag’ and not a ‘setback’. The commerce ministry is assessing the 26% reciprocal tariffs imposed by the US on India, a senior government official said on…

Trump’s tariffs on Indian products would have a restricted impact on crucial agricultural exports. India may sustain or potentially increase its agricultural exports to the United States, despite US President Donald Trump’s new reciprocal tariff implementation, according to distinguished agricultural economist Ashok Gulati.The Trump administration’s 26 per cent “discounted reciprocal tariff” on Indian products would…

Market experts indicate that Indian equities are likely to experience fluctuations, influenced by global market reactions. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday after US President Donald Trump announced 26% reciprocal tariffs on India. While BSE Sensex dipped over 500 points, Nifty50 was…

The US market represents 30% of Indian pharmaceutical exports. (AI image) US President Donald Trump has provided significant relief to India’s pharmaceutical sector by excluding pharmaceuticals from the new reciprocal tariffs regulation on Thursday.“Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles…

The US tariffs present an opportunity for India to enhance its global trade and manufacturing position. In a sweeping move on April 2, 2025, US President Trump announced a comprehensive new tariff framework aimed at reducing America’s trade deficit and bolstering domestic manufacturing. Dubbed the “Reciprocal Tariff Policy,” the plan first introduces a 10% universal…