US President Donald Trump on Tuesday said he plans to raise tariffs on India within the next 24 hours, days after announcing a 25 per cent duty starting August 7. In an interview with foreign media, Trump said the previously decided 25 per cent tariff rate will be revised upwards. “India has the highest tariffs. We do…
US President Donald Trump has been unfairly targeting India over Russian oil imports, while choosing not to criticise China, according to a recent report by the Global Trade Research Initiative (GTRI). The report suggested that this selective approach may be driven by geopolitical calculations. As per the data from the report, China is the largest…
US President Donald Trump on Thursday unleashed a barrage of insults against Federal Reserve Chair Jerome Powell, criticising him for failing to cut interest rates amid ongoing trade and economic uncertainty. The president took to Truth Social to express his frustration, just a day after the central bank opted to keep its benchmark short-term interest…
US President Donald Trump on Wednesday revealed that he had once contemplated breaking up Nvidia Corp., the global leader in artificial intelligence chips, to introduce more competition in the booming AI sector. Speaking at an AI summit in Washington, Trump said he initially believed it would be a straightforward move until his advisers informed him of…
US President Donald Trump has criticised American tech companies for building factories in China and hiring workers in India, warning that under his presidency, “those days are over”. Trump made the remarks on Wednesday at the AI Summit where he signed three executive orders related to Artificial Intelligence, including a White House action plan to…
Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted and there have been several delays in the TikTok deal now at the center of U.S.-China trade talks. Blackstone had planned…