The Ministry of Finance has said that approximately 55% of the total value of India’s merchandise exports will be subject to US reciprocal tariffs. India now faces the highest US tariff of all Asian countries. Trump on July 31 announced a 25% reciprocal tariff on India, followed by an additional 25% tariff this week, accusing
By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto markets rallied in the past 24 hours, with the CoinDesk 20 (CD20) index rising 5.3% as fresh U.S. policy signals and regulatory clarity supported risk appetite across the sector. Bitcoin (BTC) gained a relatively muted 1.3% to $116,500. The rally took off after President Donald
India was already facing a sluggish investment cycle ahead of the tariff uncertainty. Credit: Tuul & Bruno Morandi/DigitalVision/Getty Images. On Wednesday (30 July), US President Donald Trump announced the US would impose 25% tariffs on Indian imports as well as “an unspecified penalty” for purchasing Russian weapons and energy. He said this would go into
The Indian stock markets began trading on Monday in red. The BSE Sensex crashed close to 250 points and stood at 81,214 , while the NSE Nifty tanked 70 points to trade at 24,764, as of 9:15 AM. In the pre-open session, the Sensex declined more than 150 points and slipped under 81,300, while the
Group of 20 finance officials meet in South Africa from Thursday (July 17) amid trade tensions, a global economic slowdown and Washington’s threat to withdraw from multilateral organisations. President Cyril Ramaphosa has sought to leverage Africa’s first G20 presidency to promote an African agenda, with topics including the high cost of capital and climate change.
G7 finance officials meeting in Banff amid US tariff pressure US won’t sign G7 statement unless it aligns with Trump priorities G7 seen uniting around Ukraine, IMF and World Bank, money laundering Climate change issues seen as source of discord Meeting will set stage for G7 leaders’ summit in June BANFF (Canada), May 20 —
Beijing will impose 125 per cent tariffs on US goods from Saturday, up from the 84 per cent previously announced, news agency Reuters quoted the Chinese finance ministry said on Friday. This comes a day after the Trump administration decided to pause tariffs for 90 days on many countries, but hit China with a 145
Expectations that US President Donald Trump’s current round of import tariffs could trash the global economy are set to make borrowing cheaper, according to mortgage experts. MPowered Mortgages said it had cut rates by up to 0.21% following the “Liberation Day” tariff announcements. The lender, which offers one-day turnaround on its home loans, said it
London: Britain’s finance minister said on Wednesday the UK would not “rush into action” over impending US tariffs, as the government hopes to reach a post-Brexit trade deal with Washington. The UK government is working to secure a new economic deal with the United States which could ultimately help it avoid — or at least
Avolta’s revamped retail and F&B offer at Barcelona Airport in Spain. Avolta Latin America was the standout region for Avolta for all the wrong reasons, following the travel retailer’s reveal of its 2024 annual results on Wednesday. Like-for-like* sales in Latin America (including the Caribbean) were down by 4.7% in sharp contrast to its three