The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs President Trump has put on Chinese goods clamped down on trade. U.S. imports from China reached $102.7 billion in the first three months of the year, data released…
The United States recorded its highest trade deficit in March, with the total shortfall expanding by 14.0 percent to $140.5 billion, according to the latest government data released on Tuesday. This marks the largest trade deficit since 1992, reflecting a $17.3 billion increase from February’s revised figure of $123.2 billion. The Commerce Department’s report highlights…
The Senate voted on Tuesday to confirm Frank Bisignano as commissioner of the Social Security Administration, which has been thrown into turmoil after a three-month stretch steered largely by Elon Musk’s unofficial Department of Government Efficiency. President Trump’s nominee was confirmed by a vote of 53 to 47, which had been expected and was split…
Donald Trump (File photo) Donald Trump deals a blow to Indian films! The proposed 100% tariffs on foreign films by US President Donald Trump presents an unexpected challenge for the Indian film industry, potentially impacting its commercial success and sustainability in a crucial international market, according to industry leaders. Trump’s justification for this measure stems…
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children will have two dolls instead of 30 dolls, you know?” He said those two dolls may “cost a couple of bucks more than they would normally.” On Monday, Mattel, the U.S….
The central bank’s income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank’s dividend…
Hours after Donald J. Trump was sworn in for a second term, he issued an executive order laying the groundwork for mass deportations of immigrants and denying them legal assistance. Public interest groups focused on immigrant rights teamed up to fight the order and called in Gibson Dunn, a major law firm with the resources…
AI-generated image (Credit: Bing image creator) China’s finance minister has criticized US tariffs for introducing “unprecedented huge risks” to global economic stability, according to a ministry publication released Tuesday. Simultaneously, China’s foreign ministry, via state-run Xinhua news agency, stated that the US must change its “threatening” stance if it hopes to reach any agreement. The…
Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid President Trump’s upheaval of the global trade system. The deal, which the British government said would increase bilateral trade by 25.5 billion pounds ($34 billion), comes three years after the negotiations began. Intense talks…
Industry organisations on Tuesday welcomed the India-UK Free Trade Agreement (FTA), asserting it will significantly support Indian exporters aiming to expand their presence in the UK market, particularly in the face of current global economic uncertainties. The agreement aspires to elevate bilateral trade to USD 100 billion by 2030. Experts cited by news agency PTI…
