Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious. The S&P 500 dropped 4.8 per cent in its biggest loss since 2020. The tech-rich Nasdaq plummeted 6.0 per cent and the Dow Jones … Read more
India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America. Below are some of the key points: Tariff rate and comments on India A flat 26% tariff was imposed on all goods being exported by India to the United States, … Read more
Ottawa: US President Donald Trump’s proposed tariffs on Canada could trigger an unexpected crisis in America, leading to panic-buying seen at the beginning of the coronavirus pandemic. The Trump administration’s plan to almost double duties on Canadian softwood lumber could disrupt the supply chain for something nobody wants to be caught without– toilet paper. Trump … Read more
Washington: Elon Musk’s Tesla has seen major drops around the globe and a significant $120 billion drop in net worth since his foray into politics. But much more awaits him and the EV sector. President Donald Trump’s tariffs are set to make an impact in the EV sector as well, so warns Tesla. In an … Read more
The impending tariffs on India, set to take effect next month, may have far-reaching consequences for the US healthcare system. Indian Commerce Minister Piyush Goyal’s recent unscheduled visit to the US was an attempt to negotiate a trade deal and mitigate the impact of these tariffs on India’s pharmaceutical exports. The US relies heavily on … Read more
The tariffs that President Trump has imposed on Canada, Mexico and China, has not only resulted in the beginning of trade wars, but are also leading to a “Boycott USA” global consumer backlash against US goods. In the past seven days, “Boycott USA” has spiked on Google with European countries and Canada topping the list. … Read more