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US economy shrinks 0.3% in Q1 as Trump tariffs kick in

Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, as the import taxes threatened to hurt domestic manufacturers.

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years.(REUTERS)
Published on Apr 30, 2025 08:28 PM IST
AP |

12 states sue Trump administration in trade court to stop tariff policy

Oregon, Arizona, Nevada, New Mexico, New York and Vermont, are among the states listed as plaintiffs in the lawsuit.

The lawsuit asked the court to declare the Trump tariffs to be illegal and block government agencies from enforcing them.(AP)
Updated on Apr 24, 2025 04:55 AM IST

Trade war with China not 'sustainable', says US Treasury Secretary

US President Donald Trump also reportedly said that US was "doing very well" regarding a "potential trade deal with China".

Soon after Scott Bessent's remarks, US stocks reportedly rose, with the S&P index gaining as much as 2.9 per cent.(Reuters)
Updated on Apr 23, 2025 04:56 AM IST

Trump tariffs torch chances of meeting with China's Xi, say analysts

The US now charges tariffs of 145 percent on many products imported from China, with cumulative duties on some goods reaching a staggering 245 percent.

US President Donald Trump with China's President Xi Jinping at the G20 leaders summit in Osaka, Japan, June 29, 2019.(File/Reuters)
Published on Apr 22, 2025 08:30 AM IST
AFP |

Japan bowling ball test: What is it and why Trump called it 'non-tariff' threat

President Donald Trump mentioned the ‘Japan bowling ball test’ in his latest ‘non-tariff cheating’ warning to trade partners

Donald Trump mentioned the Japan bowling ball test in a post on Sunday(AFP)
Published on Apr 21, 2025 07:01 AM IST
ByYash Nitish Bajaj

Trump drops 8-point ‘non-tariff cheating' list in a stern Easter Sunday warning

President Donald Trump on Easter Sunday posted about a ‘non-tariff cheating’ list, warning trade partners of non-tariff-related offenses

US President Donald Trump posted a 'non-tariff cheating' list on Sunday(Bloomberg)
Published on Apr 21, 2025 05:45 AM IST
ByYash Nitish Bajaj

China's US envoy calls for end to tariff war, warns Beijing ready to retaliate

Both China and the US have imposed tariffs over 100 per cent in the ongoing trade war between the countries

Chinese Ambassador to the US Xie Feng called for peaceful relations between Beijing and Washington(REUTERS)
Published on Apr 20, 2025 07:07 PM IST

Watch: Meloni defends Trump when asked if he called Europeans 'parasites'

During the meeting, Italian PM Meloni and Trump discussed reciprocal tariffs and both expressed confidence in a trade deal between Europe and the  US. 

President Donald Trump meets with Italy's Prime Minister Giorgia Meloni in the Oval Office of the White House, on Thursday, April 17, 2025.(AP)
Published on Apr 18, 2025 01:43 PM IST

Trump ‘100% confident’ on trade deal with Europe after meeting Italy's Meloni

The 27-nation European Union faces 25% import tariffs on steel, aluminium, and cars and broader tariffs on almost all other goods.

President Donald Trump meets with Italy's Prime Minister Giorgia Meloni in the Oval Office of the White House, Thursday, April 17, 2025, in Washington. (AP Photo/Alex Brandon)(AP)
Published on Apr 18, 2025 10:15 AM IST

Netflix exceeds Q1 earnings expectations, posts $10.5 billion in revenue

Netflix outperformed Q1 forecasts with a 12.5% revenue surge to $10.5 billion

The Netflix logo is seen on the Netflix, Inc. building on Sunset Boulevard in Los Angeles, California on October 19, 2021(Robyn Beck/AFP)
Updated on Apr 18, 2025 06:47 AM IST
ByShrey Banerjee

Donald Trump says ‘big progress’ made in Japan talks on tariff deal

The talks aim to address the trade deficit and tariff impacts, with Japan advocating for a comprehensive agreement.

The high stakes for the US after its tariffs rocked the economy and forced the government to promise the public that it would swiftly reach agreements are demonstrated by President Donald Trump's direct intervention in trade negotiations with Japanese officials on Wednesday.(AFP)
Published on Apr 17, 2025 08:59 AM IST
AP |

Market chaos or Bitcoin gold rush? Why a billionaire bets Bitcoin will soar

Amid 2024’s tariff-driven market chaos, investors are eyeing Bitcoin as a hedge. Billionaire Michael Saylor predicts a 15,000% surge for Bitcoin, but why? 

Bitcoin prices to soar? (Reuters)
Updated on Apr 17, 2025 04:22 AM IST
ByShrey Banerjee

Gold crosses 95,000 for the first time as dollar weakens, trade war persists

Gold has traditionally been viewed as a safe-haven asset, especially during times of geopolitical and economic uncertainties.

One of the reasons why this came about was the US dollar weakening by 0.65%, as per data from Bloomberg's Dollar Index Spot.(Representative Image)
Published on Apr 16, 2025 03:44 PM IST

China's Q1 GDP growth exceeds Eexpectations amid US tariff concerns

Analysts predict a slowdown, with GDP forecasts for 2025 lowered significantly by global banks due to ongoing trade tensions.

China's first-quarter economic growth exceeded forecasts. However, economists worry that momentum might move abruptly lower as US tariffs pose the largest risk to the Asian giant in decades.(Bloomberg/representative )
Published on Apr 16, 2025 02:38 PM IST
Reuters |

Tariffs up to 245% on China: Trump's latest salvo in ongoing trade war

The Donald Trump administration has announced a new tariff of up to 245% on China, escalating trade tensions between the two nations.

US President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka.(REUTERS File)
Updated on Apr 16, 2025 10:21 PM IST

China appoints new trade envoy amid escalating tariff war with US

Li Chenggang has assumed the role of representative for international trade negotiations and vice minister of commerce, China's human resource ministry said. 

Li Chenggang previously served as Beijing's ambassador to the World Trade Organization.(Reuters)
Published on Apr 16, 2025 12:53 PM IST
AFP |

Stocks market expected to open lower after erasing tariff-induced losses

With the NSE Nifty 50 Index climbing as much as 2.4%, India also became the first major equity market globally to erase the tariff-induced losses.

In comparison, a broader gauge of Asian equities is still down more than 3% since the tariff announcements, meaning that India’s domestic economy is seen as being able to withstand a potential global recession better than many peers, who face higher tariffs.(Representational image)
Updated on Apr 16, 2025 08:57 AM IST

China's economy grows 5.4% in Q1 amid trade war fears

While industrial output and retail sales showed improvement, Beijing cautioned that the economic recovery remains fragile.

China announced that its economy expanded by 5.4 percent in the first quarter, exceeding forecasts, as exporters scrambled to get items out of factories before new US tariffs were imposed.(AP/representative )
Published on Apr 16, 2025 08:45 AM IST
AFP |

Trump's new probe targets critical minerals for possible tariffs

Trump has upended markets in recent weeks with his sweeping on-off levies, and this investigation could see him impose further tariffs.

US President Donald Trump launched an investigation that might lead to tariffs on rare-earth metals, essential minerals, and related goods like smartphones.(AP)
Published on Apr 16, 2025 08:44 AM IST
AFP |

Amid trade war with US, China halts Boeing jet deliveries

Beijing also reportedly instructed its carriers to halt the purchase of aircraft-related equipment and components from US firms.

The blocking of Boeing deliveries may have significant implications for both China and the US.(AP)
Updated on Apr 15, 2025 04:59 PM IST

Trump tariff exemptions, 90-day halt: Reasons behind Indian markets rebound

On Tuesday, Indian stock markets climbed as BSE Sensex gained 1,386.47 points and NSE Nifty saw a hike of 413.10 points

The jump in the market came after Trump administration announced that electronics will be exempted from the individual reciprocal tariffs.(PTI)
Published on Apr 15, 2025 11:34 AM IST

How Trump’s tariff move was a ‘help’ to Apple CEO Tim Cook

Trump’s decision to exempt a few electronic products was taken into account to help Apple CEO Tim Cook.

Know how new Trump reveals the conversion with Tim Cook regarding new US tariff rules.(AFP)
Published on Apr 15, 2025 10:43 AM IST

US TikTok users get bombarded with Chinese influencer videos mocking tariffs

These videos are mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica to Nike.

In this photo illustration, the social media application logo, TikTok is displayed on the screen of an iPhone on an American flag background on August 3, 2020 in Arlington, Virginia.(AFP)
Published on Apr 15, 2025 07:20 AM IST
Bloomberg |

US announces probes on microchips, pharma that could lead to tariffs

Since returning to the White House, Trump has unleashed sweeping tariffs on US trading partners - hitting imports from China with especially stiff rates.

US President Donald Trump has also imposed a series of sector-specific levies, recently slapping tariffs on imports of steel, aluminum and autos.(File/AFP)
Published on Apr 15, 2025 05:45 AM IST
AFP |

India preparing to ship 40,000 tonnes of shrimp to US after Trump's tariff pause

About 2,000 containers of shrimp that had been delayed are now being readied for export following Trump's April 9 decision to pause the higher tariffs.

US President Donald Trump holds a chart next to US Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2.(Reuters)
Published on Apr 14, 2025 01:35 PM IST
PTI |

Xi Jinping says, 'no winners' in a tariff war as he visits Southeast Asia

Although Trump has paused some tariffs, China was the outlier, as he has kept in place 145% tariffs on the world's second-largest economy.

Chinese President Xi Jinping waves as he arrives for a two-day state visit, at Hanoi's Noi Bai International Airport, Vietnam, April 14, 2025.(Athit Perawongmetha/Reuters)
Published on Apr 14, 2025 12:42 PM IST
AP |

Gold prices ease from record high after Donald Trump's tariff exemptions

Trump had however, said on Sunday that the exclusion of smartphones and computers from his reciprocal tariffs on China will be short-lived.

This is because non-yielding gold has traditionally been viewed as a hedge against economic uncertainty and inflation.(Representative Image)
Published on Apr 14, 2025 12:08 PM IST

Goldman cuts targets on China stocks again this month over trade tensions

Strategists at Goldman Sachs cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.

The logo for Goldman Sachs is seen.(Reuters)
Published on Apr 14, 2025 08:06 AM IST
Bloomberg |

China calls US tariff exemption a small step, seeks more action

US President Donald Trump’s administration excluded smartphones, computers and other electronics from the increased import duties on Friday.

US President Donald Trump holds a chart next to US Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2.(REUTERS)
Updated on Apr 14, 2025 05:59 AM IST
Bloomberg |

PS5 prices hiked in Australia, New Zealand, EMEA region | New rates

Sony cited challenging economic environment, including high inflation and fluctuating exchange rates, as the reason for the “tough decision”.

The updated PS5 retail prices will be effective starting April 14, Sony said, adding that the retail price of PS5 Pro remain unchanged.(Bloomberg/Representative)
Published on Apr 14, 2025 05:53 AM IST
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