Washington, Jan 29 (IANS) The Federal Reserve held interest rates steady. Chair Jerome Powell said inflation is still “somewhat elevated,” with tariffs pushing up goods prices.The Federal Open Market Committee “decided to leave our policy rate unchanged,” Powell told reporters on Wednesday (local time). The Fed kept the target range for the federal funds rate at 3.5 per cent to 3.75 per cent.Powell said the economy “expanded at a solid pace last year” and is starting 2026 “on a fir…
Latest tariffs News & Updates
Washington, Jan 28 (IANS) Reinforcing his intent to keep trade pressure central to his economic and foreign policy agenda, US President Donald Trump signaled that he would seek alternative tools if the Supreme Court moves to curb tariffs, which he described as “indispensable” towards success.In an interview with Fox News host Will Cain, Trump defended tariffs as a core driver of investment and manufacturing growth in the United States. He said the policy has forced companies to build plants at h…
Washington, Jan 28 (IANS) President Donald Trump declared that inflation “has been defeated” and the US border is “totally closed” as he pitched tariffs, tax cuts, and new trade claims in a political push he said is aimed at winning the midterm elections.Speaking to supporters in Iowa on Tuesday, Trump said his administration had delivered “the most dramatic one-year turnaround of any country in history,” arguing that the US economy had rebounded rapidly after what he described as a …
Ahmedabad, Jan 27 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union has triggered a wave of optimism among textile traders in Surat, one of India’s largest textile hubs. The agreement, finalised on Tuesday, is expected to significantly boost exports by providing Indian textile products with improved access to markets across 27 European countries. Industry representatives said the FTA would allow Surat-based traders to sell their products in Europe at mor…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi on Tuesday announced the signing of a free trade agreement (FTA) between India and the European Union, stressing that the landmark partnership between two major economies will create new opportunities for businesses, consumers, and the skilled workforce.Addressing a joint press conference at Hyderabad House here with European Commission President Ursula von der Leyen, PM Modi underlined that the agreement – biggest in India’s history — r…
Seoul, Jan 27 (IANS) Business sentiment in South Korea fell slightly in January, despite strong exports, due mainly to worsening sentiment in the non-manufacturing sector following the dissipation of year-end base effects, a central bank survey showed on Tuesday.The Composite Business Sentiment Index (CBSI) for all industries stood at 94 this month, down 0.2 point from December, according to the survey conducted by the Bank of Korea (BOK), reports Yonhap news agency.The index had risen for two c…
Washington, Jan 22 (IANS) A senior House Democrat on Thursday pressed the Republican-led chamber to vote on legislation to end tariffs imposed under a national emergency declared by President Donald Trump, arguing the duties are raising costs for American families. We should be voting today to end these tariffs and lower costs for everyday Americans,” said Rep. Gregory W. Meeks, the ranking member of the House Foreign Affairs Committee, making a passionet remarks on the House floor demanding a…
New York, Jan 21 (IANS) In reactions to US President Donald Trump’s move to acquire Greenland and his renewed interest in annexing Canada, leaders at the World Economic Forum in Davos have called for unity among the middle powers to resist pressures from the great powers.French President Emmanuel Macron said the answer to the “instability and imbalances” facing the world is to build “bridges and more cooperation with the emerging countries, the BRICs and the G20, because the fragmentatio…
Washington, Jan 17 (IANS) President Donald Trump said that his administration had reshaped global dynamics through assertive diplomacy and military action, laying out an expansive account of US foreign policy and economic gains during remarks at a Florida event.Trump said US actions abroad had produced swift and decisive outcomes. “We have peace in the Middle East. Nobody thought that was going to be possible,” he said, pointing to what he described as multiple agreements reached within a ye…
Ottawa, Jan 17 (IANS) Facing uncertainties in relations with the US, Canada is entering into a strategic partnership with China right in President Donald Trump’s front yard.Announcing the partnership in Beijing on Friday, Prime Minister Mark Carney and President Xi Jinping said they were “renewing the relationship between Canada and China in the face of a changing global economy and international security challenges”.The partnership, they said in a joint statement, would include “public …