US markets today: Wall Street falls as Bitcoin sinks; manufacturing slowdown and tariff pressures deepen concerns

US markets moved lower on Monday, giving back part of last week’s gains as bitcoin and other once-popular assets continued to weaken. The S&P 500 was down 0.4% in morning trading, putting its five-day winning run at risk. The Dow Jones Industrial Average fell 204 points, also 0.4%, and the Nasdaq composite edged down 0.5%.Earlier […]

Tariff shock: Indian exports to US crash 28.5%; GTRI warns labour-heavy sectors hurt most, urges quick policy action

India’s exports to the United States saw a sharp 28.5% fall between May and October 2025 as aggressive tariff hikes by Washington hit key sectors. According to the Global Trade Research Initiative (GTRI), shipments dropped from $8.83 billion to $6.31 billion during the period, coinciding with US duties rising from 10% in April to 25% […]

Pharma talks: Piyush Goyal meets stakeholders to push innovation; firms confident as sector stays unfazed by US tariff threat

Piyush Goyal meets Pharma stakeholders to push innovation (Picture credit: X/@PiyushGoyal) Union minister of commerce and industry, Piyush Goyal, held a key interaction with stakeholders from India’s pharmaceutical sector, focusing on strengthening industry growth and regulatory reforms. The minister highlighted discussions on innovation, data protection frameworks, investment commitments, and opportunities to scale manufacturing in India. […]

‘Richest, strongest US has ever been’: Donald Trump backs tariff push; takes dig at ‘sleepy’ Joe Biden

US President Donald Trump once again defended his aggressive tariff strategy, claiming it is generating “TRILLIONS of Dollars” for America and has functioned as a powerful tool to prevent international conflicts.In a Truth Social post on Sunday, Trump wrote, “We are taking in TRILLIONS of Dollars in Tariffs and Investment Dollars from foreign lands because […]

Economy

Steep US tariff effect: Share of other countries in India’s merchandise exports goes up

Even as the share of the US in India’s merchandise exports has been declining since July 2025, the share of other countries has increased significantly, indicating diversification of the country’s export basket, according to a report by SBI’s Economic Research Department. The Bank’s economic researchers observed that UAE, China, Vietnam, Japan, Hong Kong, Bangladesh, Sri […]

Shrimp exports shift: India gains in non-US markets; tariff surge in America threatens FY26 momentum

India’s shrimp trade recorded a steady rise in the first five months of FY26, with exporters earning $2.43 billion — an 18 per cent increase from last year — as per a new assessment by CareEdge Ratings. Shipment volumes also improved, touching 3.48 lakh metric tonnes, up 11 per cent year-on-year. Much of this momentum […]

Donald Trump tariff impact: CBO trims deficit-cut estimate by $1 trillion; revised data, rate changes drive downgrade

The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the […]

Tariff relief: Donald Trump drops 40% levies on Brazilian food imports including beef, coffee; official cites progress in talks

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has withdrawn steep tariffs on a wide range of Brazilian food products — including beef, coffee, cocoa, fruits and tomatoes — in a major reversal of policies that had sharply increased costs for American consumers. The decision, announced on Thursday, removes the […]

Trump’s tariff tango: India is ‘ready to wait’ for deal – What gives New Delhi the space to negotiate with US

India can walk into the negotiating room with the US far more confidently than ever, thanks to a strong economy and a milder-than-expected hit to its exports, according to officials and analysts cited by Reuters.Despite the United States slapping tariffs of up to 50% on Indian imports, the drop in New Delhi’s shipments has been […]