US President Donald Trump claimed on Saturday that “great progress” was made during the first day of high-stakes US-China trade talks in Geneva, signalling what he called a “total reset” in relations between the world’s two largest economies.In a post on Truth Social, the US president wrote, “A very good meeting today with China, in…
Representative image (Picture credit: ANI) Senior American and Chinese officials began tense negotiations in Geneva on Saturday in a bid to cool a spiralling tariff dispute that threatens global trade. US treasury secretary Scott Bessent and trade representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng, marking the first direct contact between the two…
Donald Trump says he won’t fire Fed chair Jerome Powell (File photo) US President Donald Trump announced on Sunday that he will not remove Jerome Powell as Federal Reserve board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower…
Market experts anticipate further gains in Indian equities, supported by sustained buying interest. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex went below 80,000, Nifty50 was below 24,300. At 9:16 AM, BSE Sensex was trading at 79,924.90, down 192 points or 0.24%….
The head of the International Monetary Fund (IMF) said Thursday that the world economy is likely to avoid a recession despite mounting global trade tensions sparked by US President Donald Trump’s sweeping tariffs. However, the cost of these trade disruptions will be significant, IMF Managing Director Kristalina Georgieva warned.Speaking to reporters in Washington ahead of…
Donald Trump and Xi Jinping US President Donald Trump has said “the ball is in China’s court,” amid the ongoing tariff war between the two countries, after which America’s tariffs on Chinese goods have reached 145 per cent, while China, in turn, now imposes 125 per cent tariffs on imports from the United States.White House…
India’s textile and apparel industry is waiting with bated breath for clarity regarding trade following US President Donald Trump’s announcement of reciprocal tariffs, further complicated by a subsequent 90-day pause that heightens the uncertainty. The textile and apparel industry is a significant contributor to India’s economy, contributing 2.3 per cent to the country’s gross domestic…
The TOI correspondent from Washington: The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual…
In a dramatic escalation of the global trade standoff, China is rallying international support in response to US President Donald Trump’s steep new tariffs — but it’s finding limited success as countries weigh economic pragmatism against political allegiance.This week, the White House hiked tariffs on Chinese imports to a staggering 125%, accusing Beijing of unfair…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Wednesday defended his surprise decision to pause tariffs on most countries for 90 days, attributing the reversal to market reactions and what he described as people getting “a little yippy” and “afraid.”Speaking to reporters outside the White House during an event…
