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US merchandise-trade deficit unexpectedly widens on exports drop
The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
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Explained: The current tariff rate and the reason behind Trump's 90-day pause
Trump's about-face came around 13 hours after high duties on 56 nations and the European Union took effect, fuelling market turmoil and stoking recession fears
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Trump tariffs take effect in India, other economies in big blow to global economy
Trump’s latest tariffs push levies imposed on China this year to as high as 104%, along with import taxes on roughly 60 trading partners that run trade surpluses with the US
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Not even 0.3 percent of US imports to India and China faced over 50 percent duties: MC Analysis
In the case of India, just 43 of the 3,724 categories imported from the US in 2023 were subject to tariffs of over 50 percent, amounting to just $114 million of $40 billion worth of imports from Washington
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Auto, pharma, semiconductor tariffs could have repercussions for over $400 bn trade: MC Analysis
While the move will undoubtedly impact China, Canada and Mexico, analysis shows that India, Israel, Malaysia and allies like Korea, Germany and Japan will also be affected
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Trump 2.0: What it means for India-U.S. relations, security and trade in 2024 & beyond | MC Explains
Donald Trump’s return to the White House brings significant implications for India-U.S. relations, sparking fresh debates around security, trade, and regional partnerships. With a renewed ‘America First’ vision, how might Trump reshape this critical alliance? From potential H1B visa adjustments to joint counter terrorism efforts and Indo-Pacific strategies, we dive into the expected shifts and surprises for both countries. Join Payal Tiwari Sharma from Moneycontrol for insights into the evolving Trump-Modi dynamic and what it could mean for India’s global standing.
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US trade body approves funding to develop integrated aviation hub in Hissar
US Trade and Development Agency (USTDA) Director Enoh T Ebong announced this on Tuesday at the three-day US-India Aviation Summit here.
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US trade gap narrows in June on imports pullback
The overall trade gap came in at $65.5 billion in June, down from a revised $68.3 billion figure in May, Commerce Department data showed.
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US trade gap expands slightly in February as exports slip
The trade gap stood at $70.5 billion in February, up by $1.9 billion from January, said the Commerce Department, slightly more than analysts expected.
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Indo-US Trade Policy Forum to meet on January 11 in Washington
The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai.
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A Biden win could renew a Democratic split on trade
The split is falling along familiar lines between moderates — who see trade agreements as critical to US peace and prosperity — and left-wing Democrats, who blame trade deals for hurting US workers in favour of corporate interests
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Gold steady as weaker dollar offsets increased risk appetite
Spot gold fell 0.1% to $1,467.20 per ounce by 0452 GMT, but was up about 0.5% so far this week.
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India's farm, marine exports to be hit by US trade action: Exporters' body
US President Donald Trump on Monday said he intended to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free.
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US trade delegation to travel to China week of January 7 for talks: Report
The delegation will be led by Deputy US Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury under secretary for international affairs, Bloomberg said.
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Shinzo Abe to bring business leaders to Beijing amid US trade spat
A Japanese government official speaking Monday on routine condition of anonymity said Abe's three-day visit starting Thursday will mark a further step in returning bilateral relations to a "normal trajectory" following a 2012 spat over ownership of uninhabited East China Sea islands.
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US planning trade measures against China: Report
The move, which could come in the next several days, signals a shift by the administration away from its emphasis on greater cooperation between Washington and Beijing, in part because administration officials have become frustrated by China's reluctance to confront North Korea over its nuclear and ballistic missile programs, The New York said.
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Concerned about IPR protection environment in India: Froman
US trade representative Michael Froman in a meeting with Indian commerce minister Anand Sharma today raised concerns about Intellectual Property Rights (IPR) climate in India.
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New US trade chief focused on India, striking deals
US Trade Representative Michael Froman on Friday said he expected growing trade problems with India to be a major early focus of his tenure.
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US ITC to review Apple patent complaint against Samsung
A US trade panel that specializes in patent disputes will review a potentially key decision in the patent fight between Samsung Electronics and Apple Inc over smartphones and tablets.
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Obama, Romney spar on China, other trade issues
The contentious US-China trade relationship has been a major issue in the US race for the White House, with President Barack Obama defending his record and Republican challenger Mitt Romney promising tougher tactics if elected.
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HTC reaffirms to appeal US decision in Apple lawsuit
Taiwanese smartphone maker HTC Corp stands by its decision to appeal against a US trade panel's preliminary ruling in a patent dispute with Apple Inc, a top HTC executive said on Wednesday.
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US exports hit record high, trade gap widens on oil
US exports hit a record high in March, buoyed by the weak dollar and strengthening global demand as US trade returned to levels last seen before the global financial crisis.
