Sunday, April 20, 2025

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April 9, 2025 7:49 PM

China retaliates as Trump trade tariffs kick in

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump. Trump's "reciprocal" tarif...

April 9, 2025 2:42 PM

EU countries set to approve first retaliation against U.S. tariffs

European Union countries are expected to approve on Wednesday the bloc's first countermeasures against U.S. President Donald Trump's tariffs, joining China and Canada in retaliating and escalating a conflict that could become a global trade war. The...

April 9, 2025 10:56 AM

RBI revises FY25-26 GDP growth estimate to 6.5% amid tariff hurdles

India's real GDP growth forecast has been revised downwards to 6.5% for the current financial year 2025-26, from the earlier expectation of 6.7%, as highlighted by Reserve Bank of India (RBI) Governor Sanjay Malhotra during the policy announcement on...

April 9, 2025 10:56 AM

Trump mocks tariff-hit nations, announces upcoming pharma tariffs

US President Donald Trump took aim at nations impacted by tariffs on Tuesday, mocking their desperate attempts to negotiate with him. Speaking at the National Republican Congressional Committee, Trump boasted about his superior negotiating skills, cl...

April 9, 2025 10:55 AM

RBI cuts repo rate by 25 bps to 6% amid deepening global trade war

The Reserve Bank of India (RBI) on Wednesday cut the repo rate by 25 basis points, reducing it from 6.25 per cent to 6 per cent, in a bid to support the economy amid growing global headwinds stemming from sweeping tariffs and retaliatory duties impos...

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Last updated on: 20th Apr 2025