Trade pain, stock gain: Nike shares jump 15% as it shifts production from China; braces for $1 bn tariff blow, price hikes ahead

Nike shares surged 15% at the opening bell Friday after the company announced a shift in production away from China, even as it warned that tariffs imposed by the Trump administration will cost it about $1 billion (roughly Rs 8,300 crore) before internal adjustments take effect.The US sportswear giant said it will begin implementing “surgical” […]

Before the clock runs out: India, US race to seal trade deal before Donald Trump’s tariffs kick in; top things to expect

India-US trade deal: Currently, India’s main trade representative is conducting negotiations in Washington. (AI image) India-US trade deal: The United States and India appear to be in the final stages of discussions to finalise the first-cut of the US-Indian trade deal. With US President Donald Trump’s July deadline looming, the trade deal could determine the […]

India-US trade talks: GTRI warns against one-sided deal; says farmers, digital space must be protected

India must ensure that any trade agreement with the United States is balanced, not politically driven, and protects critical sectors like agriculture, digital infrastructure, and regulatory sovereignty, the Global Trade Research Initiative (GTRI) cautioned on Friday. With talks entering a crucial phase in Washington, the clock is ticking toward the July 9 deadline, the end […]

US-China trade deal: After Donald Trump, China says details of deal ‘confirmed’; adds America to ‘cancel series of restrictive measures’

Earlier in the day, Trump said that the United States and China have reached a trade agreement. (AI image) US-China trade deal: Soon after US President Donald Trump announced a trade deal, China has also confirmed that details have been finalized. China also said that United States will ‘cancel a series of restrictive measures’.Earlier in […]

Economy

Global trade witnesses uptick in early 2025 in anticipation of US reciprocal tariffs

‘The latest WTO goods trade barometer rose to 103.5 — up from 102.8 in March, while the forward-looking new export orders index fell to 97.9, pointing to weaker trade growth later in the year’ | Photo Credit: DAVID SWANSON Global trade in goods witnessed a “strong uptick” in early 2025 with importers front-loading purchases ahead of […]