Gift Nifty soared more than 300 points on Friday, 20 February, following the US Supreme Court’s decision to strike down former President Donald Trump’s broad tariffs, which also sparked a rally in US stocks. The US Supreme Court rejected Trump’s attempt to use the 1977 International Emergency Economic Powers Act to impose widespread tariffs, ruling…
The US Supreme Court has declared Trump’s tariffs illegal, after which President Donald Trump’s first reaction has come to light. Trump has condemned the Supreme Court’s decision and called it shameful. However, till now no formal comment has come from the White House on this decision. NBC News quoted sources as saying that the US…
US President Donald Trump on Wednesday (local time) said the country’s trade deficit has contracted sharply by 78% due to tariffs imposed on companies and countries, calling it a first in many decades. In a post on Truth Social, he wrote, “The United States trade deficit has been reduced by 78% because of the tariffs…
Prime Minister Narendra Modi, in an interview with PTI on Sunday, 15 February, spoke on several themes, including the government’s approach to the budget, the role of women to achieve Viksit Bharat, tariff preferences and the three priorities of the government in the next decade. PM Modi highlighted India’s distinctive budget strategy and resilience amid…
Congress is almost certain to formally push back against President Donald Trump’s signature economic policy, as the House of Representatives looks poised to approve a resolution revoking tariffs on Canada as soon as Wednesday. Though the resolution has no chance of going into effect, it is the latest sign that Trump’s power is eroding. On…
The financial impact of Trump’s trade war is becoming clearer, as a new analysis of US Census data shows that states across the country where key midterm elections will take place this year have paid over $134 billion in tariffs from March 2025 to last November. Overall, the US states paid a combined $199 billion…
India-US trade deal: Commerce and Industry Minister Piyush Goyal on Monday said the recently announced 18% tariffs imposed by the US are likely to come into effect starting next week. speaking to CNBC-TV18Goyal explained that the new tariff regime would begin once the White House signs an executive order. He added that United States Trade…
After the interim trade agreement between India and America on Saturday (February 7), Union Commerce and Industry Minister Piyush Goyal has called it a big deal in the interest of both the countries. The Union Minister said in the press conference that America has imposed 35 percent tariff on our neighboring countries China and 20…
India and America have prepared the framework of an interim trade agreement to give a new direction to bilateral trade. The purpose of this agreement is to reduce tariff and non-tariff barriers between the two countries, increase market access and lay the foundation for a future comprehensive bilateral trade agreement (BTA). Both the countries have…
United States President Donald Trump reacted to the US stock markets roaring back on Friday, slamming Democrats and crediting his tariffs imposed on other countries as the reason for the surge. Tech stocks recovered much of their losses as the Dow Jones index surged passed the 50,000 mark for the first time in history. The…
