International
U.S. President Donald Trump has warned that his administration will impose 100% tariffs on all Russian exports if Russia does not agree to a Ukraine ceasefire within 50 days. The ultimatum also includes secondary sanctions on countries that continue to import Russian oil, marking a sharp escalation in economic pressure on Moscow. Speaking at a […]
International
India is set to benefit from higher U.S. import duties on countries like China, Canada, and Mexico, says NITI Aayog. A recent report shows that in 22 of the top 30 product categories, India’s goods are now more competitive in the U.S. market due to tariff differences—covering sectors like chemicals, textiles, electronics, seafood, and pharmaceuticals. […]
International
Italian Prime Minister Giorgia Meloni has issued a strong warning against the possibility of a trade war between Western allies. Her statement comes at a time of rising economic tension following recent tariff announcements from the United States. Speaking on the matter, Meloni said, “A trade war within the West would weaken us all in […]
International
The European Union has decided to delay its planned retaliatory tariffs on American goods, giving both sides until August 1 to reach a negotiated settlement and avoid a broader trade conflict. The tariffs, which were due to take effect on July 15, targeted €21 billion worth of US exports including steel, aluminium, food products, motorcycles, […]
International
The European Union and Mexico have strongly criticised US President Donald Trump’s announcement to impose a 30% tariff on imports from their countries, effective August 1. Both regions have expressed deep concern over the economic and diplomatic consequences of the proposed measure. EU Warns of Economic Fallout European officials warned that the 30% tariff would […]