Top diplomats from the Group of 7 industrialized democracies on Friday were wrapping up their final day of talks that have been overshadowed by U.S. President Donald Trump’s trade and foreign policies as well as his repeated taunts toward host Canada. Despite the tensions, diplomats signaled they would reach consensus on a final communique after … Read more
Florida: President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that … Read more
US President Donald Trump’s tariffs on Canada, China, and Mexico drew criticism from investor Warren Buffett, who called the move an “act of war.” Trump announced the tariffs on Monday, stating they would take effect Tuesday. Canada and Mexico, he said, cannot avoid them. The tariffs, which take effect on Tuesday, are expected to impact … Read more
Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
U.S. President Donald Trump looks on as he stands in the Oval Office of the White House | Photo Credit: Reuters Brazil’s BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance … Read more
U.S. President Donald Trump has launched several tariff initiatives and issued numerous threats regarding import duties since his return to office last month. His approach encompasses both comprehensive measures, such as a universal tariff on foreign imports, and targeted actions against specific industries, regions, or countries to achieve his policy objectives. Trump’s proposed levies have … Read more
The dollar firmed on Monday after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports, putting pressure on the euro and the commodity-focused Australian and New Zealand dollars. Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, applying them to all countries … Read more
Vedanta shares plunged 7% to Rs 410 in Monday’s trade on the BSE after the US dollar reached a record peak against the Indian rupee and other global currencies. The Indian rupee weakened past Rs 87 per US dollar for the first time, following President Trump’s tariff impositions on the country’s largest trading partners, driving … Read more
The dollar surged, oil jumped and equity markets turned red after US President Donald Trump made good on his threat to impose tariffs on the exports of Canada, Mexico and China. The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures … Read more
Boeing CEO Kelly Ortberg said on Tuesday he is “not too worried” about the Trump administration’s threats to impose tariffs on trade partners, including countries that are important parts of Boeing’s far-flung supply chain. “This administration’s very focused on jobs, on U.S. jobs, and, as you know, Boeing production is all U.S.-based, and we export … Read more