Six months after it imposed an additional 25 per cent tariff on India over its purchase of Russian oil, the Trump administration Saturday issued an executive order lifting the penalty. It said India has “committed to stop directly or indirectly importing Russian Federation oil”, that “it will purchase United States energy products from the United … Read more
Global Market Turmoil: A Temporary Truce? Table of Contents Global Market Turmoil: A Temporary Truce? Global Market Turmoil: A Temporary Truce? The Calm before the Storm? America’s Viewpoint Understanding Trade Deficits The Mechanics of Tariffs Frequently Asked Questions NEW YORK — May 9, 2024 — Global markets have found a brief respite, but the underlying … Read more
NEW DELHI: Several Asia-Pacific economies may face higher tariffs under Donald Trump‘s administration, with India, South Korea and Thailand being the most vulnerable, S&P Global Ratings said on Monday. The US administration has announced reciprocal tariffs on countries with higher duties. “Our assessment of the plan’s key criteria suggests that several Asia-Pacific economies are vulnerable … Read more
Jakarta – In a move that has sent ripples across global markets, President of the United States (US) Donald Trump has initiated a trade war by substantially raising import tariffs. this policy shift has prompted governments worldwide, including Indonesia, to brace for its potential economic impact. Indonesia, which has maintained a trade surplus with … … Read more
Archyde On a frigid December morning in Brussels, just past 11 a.m., workers at the local Audi factory were cracking open beers. But this wasn’t a toast to success—it was an act of defiance. The factory, a cornerstone of the city’s industrial landscape since 1949, was on the brink of closure, and its employees were … Read more