[ad_1] He lays down his cards with outrageous announcements and then back-tracks, especially in bilateral negotiations. It is a pattern repeated in his domestic interventions in different fields as well as his dealings with US neighbours like Canada and Mexico, allies like the UK, EU, Japan and Korea, rivals like China and Russia, and other…
[ad_1] US President Donald Trumpâs displeasure over Apple getting iPhones made in India had raised the question of whether the company would go ahead with its Indian expansion plans. Also Read: Apple intelligence: Itâs time to step up and speak out If cues from the investment plans of one of its biggest contract manufacturers are…
[ad_1] On budget day, I was in the Lok Sabha press gallery. The finance minister read out the deficit numbers in the speech. To my relief, the officials hadnât misled me. One of them walked up to me as I was leaving and said: âThe RBI governor has just messaged the finance secretary: The bond markets…
[ad_1] Itâs rare for choppy seas to make people on dry land giddy, but when earthly trade is subject to unearthly forces that originate from a mercurial White House, anything can happen. On 9 April, US President Donald Trumpâs âreciprocal tariffsâ had just kicked in hours earlier when he backed down. He announced a 90-day…
[ad_1] While brains are wracked over the global impact of US tariffs, what has left many particularly zapped is the inclusion of a group of remote islands in its target list. Heard and McDonald Islands near Antarctica is listed as a place whose goods shipped to the US will now attract a 10% import levy….
[ad_1] For opponents of free trade, Donald Trumpâs âLiberation Dayâ may seem like âvindication day.â The worldâs top power, the US, which generates a quarter of the globeâs output, took an inward turn that ânukedâ the aim of open borders for commerce. Globalization, which had long wobbled along, suddenly looks skeletal. America is poised to…
[ad_1] There is now an overwhelming consensus in financial markets that the six members of the Monetary Policy Committee of the Indian central bank will vote to reduce policy interest rates once again at their next meeting later this month. There is ample reason for them to do so. Inflation has been receding for four…
[ad_1] The Federal Reserve, the central bank of the United States, is driving blindfolded. Thatâs my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which itâs allowing securities to…
[ad_1] In response, both Canada and Mexico have announced retaliatory tariffs on key US industries, while Trump has vowed to impose âreciprocal” tariffs on âeverybody across the board.” Also Read: Truth or dare: Close the deficit in clarity over the impact of Trumpâs tariffs Since no other country wields as much influence over the world…
[ad_1] Is there a method to the madness that seems to guide US trade policy under President Donald Trump? An effort to revive American manufacturing behind import tariff walls, some aver, can be followed by a tax on capital inflows. Also Read: Trade war: How best to brace for the return of âbeggar thy neighbourâ…
