Treasury Secretary Says Trump Accounts Could Pave Way to Privatizing Social Security
Treasury Secretary Scott Bessent’s comments about the safety net program ventured onto the so-called third rail of American politics. Source link
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Trump dumps 25% tariff on India from Friday, plus penalty for buying Russian oil
NEW DELHI: US President Donald Trump on Wednesday announced a 25% tariff on all goods imported from India, along with an unspecified penalty, from Aug 1 after the two countries failed to reach an interim trade deal, triggering nervousness among exporters.After making several claims over the last four months of having got India to agree…
South Korea Reaches Trade Deal With Trump
The agreement comes after other American allies, like Japan, clinched their own deals to partly moderate President Trump’s tariff threats. Source link
DGCA audit of 8 airlines finds 263 lapses in 1 year
NEW DELHI: The Directorate General of Civil Aviation (DGCA) Wednesday said it has had 263 ‘findings’ (lapses found during audits) across eight airlines in the last one year. Among big airlines, 51 ‘findings’ were at Air India, followed by 25 at Air India Express and 23 at IndiGo.Of the total 263, 19 were level one…
Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said. Source link
India-US trade: Officials react cautiously to Russia penalty threat
NEW DELHI: As President Trump threatened to impose a penalty on India for its trade ties with Russia, Indian officials reacted cautiously as they reiterated India’s position that securing energy needs of the Indian people is the overriding priority.A source, speaking on condition of anonymity, said India is buying oil not because it wants to…
Ford Is Latest Carmaker to Blame Tariffs for Profit Slump
The company estimated that duties on imported cars and car parts would cost it $2 billion this year. Source link
‘Maybe they’ll be selling oil to India some day’: US, Pakistan strike ‘massive reserves’ deal; Donald Trump hints at future exports
US President Donald Trump on Thursday announced that the US had struck a deal with Pakistan to develop “massive oil reserves”, further hinting at exports of the same to India. This comes after Trump slapped 25% tariff rates on India and warned of additional penalties for the country’s continued trade with Russia for arms and…
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. Source link
Donald Trump announces 25% tariffs: Where does that leave India-US trade deal talks? What to expect
Trump’s tariffs on India appear to be a clear case of putting pressure on India to finalise a deal that would favour America. US President Donald Trump’s fresh 25% tariff rate on India has raised an important question – what’s next for trade talks between the countries? Is India stuck with a 25% tariff rate…