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China has strongly criticised the United States for its decision to impose a 34% tariff on Chinese imports, describing the move as a violation of World Trade Organization (WTO) rules and a threat to the multilateral trading system. Guo Jiakun, China’s Foreign Ministry Spokesperson, stated that the US’s justification of "reciprocity" undermines the rules-based global trading order.He emphasised
US President Donald Trump’s announcement of a 27% reciprocal tariff on Indian exports is expected to bring significant changes to global trade and manufacturing value chains. While India Inc. anticipates only a marginal impact on the country’s resilient economy, industry leaders stress the need for a thorough assessment of the long-term effects.ASSOCHAM President Sanjay Nayar noted that India’s
US President Donald Trump has imposed a 26% reciprocal tariff on Indian imports, citing India’s high tariffs on American goods. This move is expected to impact several Indian industries and exporters, though India remains better positioned compared to other nations facing steeper tariffs. India’s apex exporters’ body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties
India has initiated significant steps in modernising its military aviation capabilities, including contracting the American firm Metrea for aerial refuelling and investing heavily in indigenous rotorcraft production.The Indian Ministry of Defence has signed a contract with Metrea to provide air-to-air refuelling (AAR) services for the Indian Air Force (IAF) and Navy. Metrea, which operates the
U.S. President Donald Trump has announced sweeping tariffs targeting dozens of nations, including Pakistan, as part of his trade war strategy aimed at addressing what he describes as unfair trade practices.The tariffs, set to take effect at midnight, impose a baseline 10% tax on all foreign imports, with some countries facing significantly higher rates.Speaking from the White House Rose Garden,
President Donald Trump has imposed a 26% tariff on imports from India as part of a broader "reciprocal tariff" strategy affecting trading partners worldwide. Despite acknowledging his "great friendship" with Prime Minister Narendra Modi, Trump justified the tariffs by claiming that India charges 52% on US imports while the US has historically charged "almost nothing" in return.The announcement
Congress MP Shashi Tharoor has expressed concerns over the impact of newly announced US tariffs on India’s automobile trade, particularly auto parts. Following President Donald Trump’s decision to impose a 25% tariff on foreign-made automobiles and a 26% tariff on Indian imports, Tharoor highlighted the potential consequences for both Indian exporters and American manufacturers who rely on Indian
US Commerce Secretary Howard Lutnick avoided commenting on the newly announced tariffs on India when questioned by ANI. This comes after President Donald Trump revealed a 26% import tariff on Indian goods, citing imbalances in trade policies.Trump criticised India’s high tariffs, such as a 70% tariff on motorcycles, while the US charges significantly lower rates. He emphasised the need for
Asian stock markets experienced a sharp sell-off on April 3, 2025, following U.S. President Donald Trump’s announcement of reciprocal tariffs targeting multiple countries, including India. This move heightened global economic uncertainty and triggered widespread declines:Japan’s Nikkei 225 fell by 2.69%, Hong Kong’s Hang Seng dropped 1.80%, and South Korea’s KOSPI declined by 1.3%.U.S. stock
Taiwan has received its first F-16 Block-70 Fighting Falcon, marking a significant milestone in its defence capabilities. The aircraft, a two-seat F-16D model, was handed over at Lockheed Martin’s Greenville, South Carolina facility on March 28, 2025.Although it will initially be used for pilot training in the U.S., the jet is part of a $8 billion deal for 66 new F-16C/D Block-70 fighters, which