Washington, April 3 (IANS) US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminium and copper, tightening trade controls in the name of national security.The order mandates that tariffs apply to the “full customs value” of imported metal products and their derivatives, closing what the administration described as loopholes in earlier measures.The move builds on earlier Section 232 actions, under which the US had already determined that r…
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Washington, March 28 (IANS) US President Donald Trump said he plans to visit China soon, highlighting his strong personal relationship with President Xi Jinping while emphasising that the United States continues to compete with Beijing on trade and economic policy.Speaking at the Future Investment Initiative summit in Miami, Trump said he maintains a close relationship with Xi. “I get along really well with him,” he said, citing cooperation on issues including a deal involving TikTok.Trump s…
Amaravati, March 25 (IANS) In a major relief to electricity consumers across Andhra Pradesh, the Andhra Pradesh Electricity Regulatory Commission (APERC), on Wednesday, approved no increase in electricity tariffs for 2026–27. The state government said that the APERC’s decision reaffirms its commitment to protecting households, farmers, and small businesses from rising power costs.The Commission’s order also includes the true-up/down and performance review of DISCOMs for 2024–25, following an…
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
Washington, March 13 (IANS) The Office of the US Trade Representative (USTR) has opened investigations into 60 economies, including South Korea, China and Japan, to determine whether their governments have taken sufficient steps to ban the importation of goods produced with forced labour.The office said the investigations were initiated under Section 301 of the 1974 Trade Act, as U.S. President Donald Trump’s administration pushes to roll out new tariffs to replace the country-specific emergency…
Seoul, March 12 (IANS) South Korea’s National Assembly on Thursday passed a special bill on South Korea’s USD350 billion investment pledge to the United States under a trade deal between the two nations, around three months after it was first introduced by the ruling party. The bill was approved during a plenary session of the Assembly with support from both the ruling Democratic Party (DP) and the main opposition People Power Party (PPP).Shortly after the bill was passed, South Korean President…
Washington, March 11 (IANS) President Donald Trump used an Oval Office interview with the All-In Podcast to showcase his redesign of the White House, defend his changes to the Rose Garden, announce plans for a new ballroom, and pivot quickly to a broader pitch on tariffs, artificial intelligence, and manufacturing. Calling it the “new and improved Oval Office,” Trump said he had personally selected paintings now hanging in the room, many of them drawn from White House vaults. “I pick…
Washington, March 2 (IANS) The White House on Monday unveiled President Donald Trump’s 2026 Trade Policy Agenda, declaring that “America is back” and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade deficits. The 2026 agenda argues that “the United States currently runs the largest trade deficit in human history,” after offshoring 5 million manufacturing jobs and losing more than 70,000 f…
New Delhi, March 2 (IANS) IT industry’s apex body Nasscom on Monday said it has advised member companies to defer travel to affected areas amid the evolving situation in the Middle East.Member companies have also been advised to enable work-from-home arrangements for employees currently in the region, said Nasscom in a statement.“We are in constant touch with the Nasscom Middle East Council and advise all employees in the region to remain in regular contact with their respective local embass…
New Delhi, March 2 (IANS) The recently concluded free trade agreement between India and the European Union is creating concern in Pakistan, where industry leaders fear it could hurt the country’s textile sector and threaten millions of jobs, a report has said.The India-EU Free Trade Agreement was announced on January 27 after negotiations concluded between New Delhi and the European Union.The deal is now under legal review before it is formally signed and is expected to come into effect next y…