International
Investment bank Jefferies reports that the U.S. decision to impose 50% tariffs on Indian goods stems largely from President Trump’s “personal pique” over being denied a role in mediating the India-Pakistan conflict. The unprecedented tariffs are seen as a reaction to that frustration. Economic Cost To India Projected At $55–60 Billion Jefferies’ strategist Chris Wood, […]
International
Mexico’s national postal service, Correos de Mexico, has suspended all package deliveries to the United States starting Wednesday. The decision follows confusion over the termination of the “de minimis” duty exemption, which previously allowed duty-free entry for packages valued under $800. Billions in Trade Impacted In 2024, more than 1.3 billion packages worth over $64
International
White House trade adviser Peter Navarro sparked a diplomatic storm on August 27 by calling the Ukraine conflict “Modi’s war.” In a television interview, Navarro alleged that India’s continued purchase of discounted Russian crude oil was indirectly funding Moscow’s military campaign. He argued that the revenue Russia earns from these energy sales is being used […]
International
France has summoned U.S. Ambassador Charles Kushner after he accused the French government of not doing enough to counter a rise in antisemitic violence. The French Foreign Ministry called his remarks “unacceptable” and said they crossed diplomatic limits. Contents of the Letter Kushner’s open letter, published in a U.S. newspaper, expressed concern about a sharp […]