US President Donald Trump’s sweeping “reciprocal” tariffs officially came into effect just after midnight on Thursday, hitting exports from over 60 countries and the European Union with higher import duties.The move marks a significant escalation in Trump’s aggressive trade policy, aimed at penalising nations he claims have taken “unfair advantage of the US.” “IT’S MIDNIGHT!!!…
The recent hike in US tariffs on Indian imports could severely impact labour-intensive and manufacturing sectors in India, posing a risk to the country’s economic growth if the 50% duty continues, experts warned.They said the steep tariffs not only risk slowing exports and investment but also add pressure on the rupee, raising concerns for the…
US President Donald Trump on Wednesday announced a steep 100% tariff on imported computer chips and semiconductors, a move that could lead to higher prices for electronics, cars, appliances, and other tech-driven products.Speaking at the Oval Office alongside Apple CEO Tim Cook, Trump said, “We’ll be putting a tariff of approximately 100% on chips and…
Donald Trump has declared the implementation of a ‘secondary tariff’ on Indian imports to the US. (AI image) US President Donald Trump has announced a secondary or additional tariff on India for its crude oil trade with Russia. During his second presidential term, Donald Trump has wielded tariffs extensively to achieve various objectives: from enhancing…
This a representative AI image US President Donald Trump’s decision to double tariffs on Indian imports to 50% has alarmed the Indian gem and jewellery industry, which is now looking at setting up manufacturing units in low-tariff countries like UAE and Mexico to continue exporting to the US.Calling the move a “doomsday” for the sector,…
Trump tariff impact: Market experts caution that export-oriented stocks may face significant pressure, with uncertainty likely to continue for several months. (AI image) The stock markets are in a wait-and-watch mode over US President Donald Trump’s tariff moves on India. Trump on Wednesday announced a 25$ additional tariff rate on India for its crude oil…
Warren Buffett, the billionaire investor behind the success of Berkshire Hathaway, is widely admired not just for his wealth, but for his simple, time-tested investment philosophy. One of his most powerful ideas is the “circle of competence” — the concept that you don’t need to understand everything about every business to be a great investor….
The Indian rupee edged up by 5 paise to 87.67 against the US dollar in early trade on Thursday, trading in a tight range.At the interbank foreign exchange, the rupee opened at 87.69 and strengthened slightly to 87.67, up from Wednesday’s close of 87.72. The previous day had seen the rupee rebound 16 paise from…
Gold rate today: The yellow metal approached the significant $3400 mark. (AI image) Gold rate today: Gold prices increased on Thursday due to heightened safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, intensifying trade tensions between the two economies.The spot gold price advanced 0.3% to $3,378.18 per ounce…
Asian stock markets climbed on Thursday, buoyed by a tech rally on Wall Street, upbeat earnings, and hopes of US rate cuts, as investor confidence followed Trump’s 100% chip tariff threat came with exemptions for several companies.Japan’s shares hit a new all-time high, while Hong Kong’s Hang Seng gained 0.4% and China’s blue-chip index rose…
