Trump’s Tariffs Rattle India, PM Modi Vows to Protect Farmers US President Donald Trump has escalated trade tensions by doubling tariffs on India, a move that has sent shockwaves through global markets. The new tariffs, which bring the total levy on many Indian goods to 50%, are in response to India’s continued purchase of Russian … Read more
Donald Trump stated that he was not aware that the U.S. imports uranium and fertilizers from Russia when questioned by an Indian reporter. This exchange took place as trade tensions between the two countries escalated. Escalating Trade Dispute The question came during a period of heightened friction between the U.S. and India. Trump recently imposed … Read more
U.S. tariffs are hitting fertilizer shipments hard, according to The Mosaic Company, a leading producer of key crop fertilizers. The company reported that phosphate deliveries to the U.S. are “tracking well below last year” because of these tariffs. This has had a direct impact on Mosaic’s finances, leading to an $8 million loss in its … Read more
Indian Economy Faces Potential Downgrade Amid Tariff Concerns Economists are currently holding their India GDP forecasts steady, but a cloud of uncertainty looms. A persistent tariff regime could lead them to trim projections by about 20 basis points. If the full 25% tariffs are implemented, forecasts are likely to slip to the 6–6.1% range. However, … Read more
South Korea’s Exports Soar in July, Fueled by Semiconductors and Tariff ‘Front-Loading’ South Korea’s export momentum remained strong in July, with customs data showing a 5.9% increase from a year earlier, exceeding the consensus forecast of 5.1%. This growth was primarily driven by robust demand for semiconductors and solid vehicle sales. A significant factor behind … Read more
U.S. President Donald Trump has announced a new set of tariffs on goods from dozens of countries, effective on or after August 8, 2025. The White House has released a detailed list of these “reciprocal tariffs” that are being imposed to address what the administration calls trade imbalances and unfair practices. Key Tariff Rates Context … Read more
Trump Imposes 25% Tariff on Indian Imports, Citing Trade and Russia Ties New Delhi, India – July 31, 2025 – US President Donald Trump has announced a significant 25% tariff on Indian imports, set to take effect on August 1, 2025. This move, which also includes an unspecified “penalty” related to India’s energy and defense … Read more
President Donald Trump has announced new trade agreements with the Philippines and Indonesia. These deals come just days before an August 1 deadline set by the Trump administration, after which higher tariffs were threatened. Key Takeaways from the Agreements These announcements underscore the Trump administration’s strategy of engaging in bilateral trade negotiations to secure more … Read more
In a significant stride toward de-escalating trade tensions, President Donald Trump announced a new trade deal with China that, if finalized, would see China providing rare earth elements and magnets upfront to the U.S. This agreement, which still needs the green light from both Trump and Chinese President Xi Jinping, also includes U.S. concessions, such … Read more
India-US Trade Deal “Not Too Distant,” Says US Commerce Secretary Good news on the India-US trade front! US Commerce Secretary Howard Lutnick announced Monday that a trade deal between the two nations is likely in the “not too distant future.” He believes both countries have found a “place that really works.” This optimistic outlook comes … Read more