By Dr. Robert M. Cutler October 10 was one of the most consequential days for global trade policy and one of the most volatile for world markets since the U.S.–China tariff conflict first reignited. After China announced tighter export controls on rare earths, U.S. President Donald J. Trump first posted on Truth Social that “there […]
Read MoreChina on Sunday reaffirmed that it would not yield to US threats of a 100% tariff hike, urging Washington to resolve trade disputes through dialogue rather than coercion. “China’s position remains consistent,” the Commerce Ministry said in an online statement. “We do not seek a tariff war, but we are not afraid of one.” The […]
Read MoreBy Xiaofei Xu in Paris A proposed increase to EU steel tariffs has already sown alarm among the continent’s car manufacturers, with stocks of major players plunging in the immediate aftermath of the announcement and industry insiders warning the measures could worsen cost pressures already weighing down growth in the sector. Following a Tuesday statement […]
Read MoreThe World Bank today (7 October) said higher tariffs on Indian goods exported to the US will drag the South Asian growth rate in 2026, even as the current year remains shielded by government spending. The World Bank said growth in South Asia is expected to slow sharply to 5.8% in 2026 from its projection […]
Read MorePolitical and trade tensions between India and Bangladesh have disrupted the sari industry, hurting luxury weavers in Varanasi while giving cotton sari traders in West Bengal a boost. Relations between the neighbours have been strained since August last year, when former Bangladeshi Prime Minister Sheikh Hasina fled to New Delhi after being ousted in an […]
Read MoreBy Biman Mukherji Russian President Vladimir Putin is expected to visit India in December, a trip that could test New Delhi’s delicate balancing act between Moscow and Washington amid escalating pressure from the United States over oil and weapons purchases from the sanctioned country. Analysts say the visit is likely to deepen India’s defiance of […]
Read MoreBy Frank Chen in Shanghai and Ralph Jennings in Hong Kong The delivery delays appearing to hit China’s C919 – the home-grown narrowbody jet intended to compete with leading Western models – may lead some domestic carriers to consider more orders with US aerospace giant Boeing, industry insiders said. With financial reports from major airlines […]
Read MoreNew US levies on pharmaceuticals may not have an “immediate impact” on Singapore’s drug makers, Deputy Prime Minister Gan Kim Yong has said, adding the city state may pursue a ceiling on tariff rates similar to deals that Washington has with other countries. Gan, who is also minister for trade and industry, told reporters on […]
Read MoreIndia’s private defence companies are set to continue on the growth path and see firm revenue rise in 2025-26, led by continuing strong domestic demand, according to Crisil Ratings. The rating agency expects the private defence companies to register a robust 16-18 per cent growth. This follows a 20 per cent compound annual growth rate […]
Read MoreIndian Prime Minister Narendra Modi on Saturday (20 September) spoke about the importance of self-reliance in India while speaking during the public address in Gujarat’s Bhavnagar. His speech came amid US President Donald Trump’s signed proclamation requiring companies to pay $100,000 annually for each H-1B worker visa. In his speech, Modi focused on encouraging India […]
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