Economy

US tariffs hit Indian solar exports, trigger supply glut in domestic market: ICRA

FILE PHOTO: Workers clean photovoltaic panels inside a solar power plant in Gujarat, India, July 2, 2015. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVE Tariffs by the United States on solar imports have dealt a heavy blow to Indian solar module exporters, forcing manufacturers to redirect volumes back into the domestic market, according to […]

Big test for Donald Trump: US Supreme Court raises doubts on legality of reciprocal tariffs – but will they be struck down?

Trump employed the International Emergency Economic Powers Act (IEEPA) to implement tariffs on virtually all US trading partners. (AI image) US President Donald Trump’s reciprocal tariffs, that have shaken the world economy, are facing their final test with the Supreme Court hearing cases that question the measure’s legality.Trump has sought the Supreme Court’s support to […]

‘Life or death’ for country: Donald Trump defends tariffs ahead of Supreme Court hearing; cites stock market gains

On the eve of a closely watched Supreme Court hearing, US President Donald Trump warned that the case could determine the country’s very survival — labeling it as a “life or death” situation for America’s economic and national security.In a post on Truth Social, Trump said the hearing would decide whether the United States remains […]

Trump warns of economic collapse: What if Supreme Court strikes down tariffs? US President’s response

US President Donald Trump has warned that the American economy could face severe damage if the Supreme Court overturns his tariff policy. In an interview at CBS’s “60 Minutes,” Trump was asked what will happen if US Supreme Court invalidates tariffs.”“I think our country will be immeasurably hurt. I think our economy will go to […]

US tariffs hit India’s export engine: GTRI report shows 37.5% slump across key sectors; smartphones, pharma, gems among worst hit

India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion […]

Economy

India’s exports to US saw sharp fall across sectors faced with Trump tariffs: Report

Without urgent intervention, according to GTRI, India risks losing US market share to Vietnam, Mexico, and China–even in sectors where it previously held a strong position. | Photo Credit: Eduardo Munoz India’s exports to the US slid across sectors for the fourth consecutive month, driving a 37.5 per cent decline during May-September 2025, according to […]

US–China trade reset: From port fees, tariffs to rare earths — What Donald Trump and Xi Jinping agreed on

The trade talks between US President Donald Trump and Chinese President Xi Jinping in Busan last week resulted in several breakthrough agreements, easing tensions for the two economies. These ranged from soybean purchases, tariff cuts and rare-earth export restrictions and more, though details were initially withheld. Trump-Xi Summit: America’s F-35 Rare Earths ‘Weakness’ China Won’t […]

Thaw in trade ties: Trump announces cut in tariffs on China to 47% after meeting Xi; fentanyl-linked duties lowered to 10%

Trump-Xi meet in South Korea US President Donald Trump and Chinese President Xi Jinping held high-stakes talks in South Korea on Thursday, seeking to ease months of escalating trade tensions between the world’s two largest economies. The discussions, described by both sides as constructive, touched on tariffs, agricultural trade, and cooperation on curbing fentanyl exports […]

US-Canada trade ties: Senate votes to revoke Trump’s 10% additional tariffs on Canada; cites harm to ‘maine economy’

The US Senate has given a major blow to US President Donald Trump’s order to impose additional 10% tariffs on Canada, revoking his authority to impose steep duties on the country. The resolution was passed late Wednesday (local time) with a 50–46 vote, as reported by The Hill. Four Republicans, Susan Collins and Rand Paul […]

Economy

Trump says India-US trade deal close; Russian oil tariffs stall pact

U.S. President Donald Trump gestures at the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 29, 2025. | Photo Credit: REUTERS/Tyrone Siu New Delhi US President Donald Trump has indicated that the long-negotiated bilateral trade agreement (BTA) with India was on track, but did not share details on where the discussions […]