Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
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New Delhi, Feb 20 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that the interim trade deal between India and the United States is likely to become operational in April this year.Meanwhile, a three-day meeting between Indian and US officials to finalise the legal text for the interim trade agreement will begin in the US on February 23.The minister also said that India’s free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April, while in the case …
Washington, Feb 20 (IANS) President Donald Trump said he threatened to impose a 100 per cent tariff on French wine and champagne to force changes in global drug pricing, offering a vivid example of how he uses trade leverage to reshape international economic arrangements.Speaking at a steel plant in Rome, Georgia, Trump described phone calls with foreign leaders after announcing a policy to align US drug prices with the lowest rates paid elsewhere.He said American consumers were paying far more …
Washington, Feb 19 (IANS) The newly announced India-US trade framework is a “positive development” that could unlock significant export gains for both countries, deepen supply chain integration, and inject fresh momentum into the broader strategic partnership, a former US Commerce Department official said. Atman Trivedi, Partner at DGA-Albright Stonebridge Group, who was Senior Director for Policy in Global Markets at the US Commerce Department and played a central role in creating the US-In…
Seoul, Feb 18 (IANS) Volatility in the foreign exchange (FX) market and the United States’ tariff policies pose the biggest risks for South Korean exporters, the companies said in a survey released on Wednesday.In the survey conducted on 1,193 export firms here by the Korea International Trade Association (KITA), 28.6 per cent said their business environment in 2026 would be similar to that of last year, while 31.1 per cent expected improvements and 30.3 percent anticipated worsened conditions, …
Chennai, Feb 16 (IANS) Tamil Nadu can achieve its ambitious $1-trillion economy milestone by 2031 if it sustains its 2024-25 nominal growth rate of 16 per cent, according to the Economic Survey of Tamil Nadu 2025-26. The projection assumes a medium-term 2 per cent annual appreciation in the value of the US dollar against the rupee.If the dollar strengthens at a higher short-term rate of 3.5 per cent annually, the milestone could be delayed by a year, the Survey noted.The 263-page report, prepare…
Seoul, Feb 15 (IANS) South Korea is preparing to form a team of working-level specialists to back a newly launched government committee tasked with the preliminary review of potential investment projects in the United States as part of a trade deal between the two countries, trade authorities said on Sunday.The move comes shortly after the Korea-US strategic investment memorandum of understanding (MOU) implementation committee held its inaugural meeting on Friday to explore potential projects, a…
Mumbai, Feb 11 (IANS) The Indian apparel (exports) sector has been upgraded to ‘Stable’ outlook from ‘Negative’ after the US reduced reciprocal tariffs on Indian goods to 18 per cent from 25 per cent, a report said on Wednesday.The report from ratings agency ICRA restored its outlook on the apparel sector, saying apparel export revenues are likely to rebound 8–11 per cent in FY27 even as shipments are still projected to decline 3–5 per cent in FY26.The report attributed revenue growth to rec…
Washington, Feb 11 (IANS) President Donald Trump on told Fox Business that the US economy is “going great” as he touted record stock-market levels and said he wants Congress to pass a voting package he called the “Save America Act” ahead of the midterm elections.In an interview with Larry Kudlow on Fox Business’ “Kudlow”, Trump pointed to market milestones. “When you say 50,000, and by the way, uh, S&P 7,000—,” he said, adding, “we’re at the end of the first year.”Tru…
Mumbai, Feb 10 (IANS) India’s real GDP growth will likely touch 6.9 per cent in 2026 and 6.8 per cent in 2027, and the recent US-India trade deal should add about 0.2 percentage (20 bps) to annual GDP growth, a new report has said.The report from Goldman Sachs Research said, “Our analysts expect an incremental growth boost of 0.2 percentage points of GDP (annualised) with these new tariffs, based on India’s goods exports exposure of roughly 4 per cent of GDP to US final demand.”The investmen…