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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
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