Justin Trudeau and Donald Trump (File photo) Canada’s Ontario on Monday banned US firms from government contracts in a move that will scrap $100-million deal with Elon Musk‘s Starlink. Doug Ford, premier of Ontario, said the ban would persist unless the Trump administration lifts recently imposed tariffs on Canada.Last year, the Doug dispensation had inked…
US President Donald Trump US President Donald Trump announced sweeping new tariffs on imports from Mexico and China, a move that has triggered sharp reactions from global leaders and financial markets. The tariffs, which Trump says are aimed at protecting American workers and industries, have sparked fears of economic retaliation from affected countries.Stock markets responded…
China has “firmly opposed” Donald Trump’s move to impose 10% tariffs and warned the US of “corresponding countermeasures to resolutely safeguard our own rights and interests”. It further said that the country would file a complaint with the World Trade Organization for “the unilateral imposition of tariffs by the United States seriously violates WTO rules”.“China…
MUMBAI: The rupee fell to a record low of 84.73 against the dollar on Monday, weakening 0.2% for its worst single-day decline since June 4. It touched an intraday low of 84.73 before closing at 84.70 – 14 paise weaker than Friday’s close. This was driven by strong dollar demand in the non-deliverable forward (NDF)…
TOI correspondent from Washington: In a warning shot that echoed across major world capitals and business majors on Tuesday, US President-elect Donald Trump said he will issue executive orders on day one of his presidency imposing new tariffs on all imported goods from China, Mexico and Canada, Washington’s three largest trading partners, to stop the…
Donald Trump is returning, and the US economy is in for a wild ride.Trump has promised an escalation of tariffs on all US imports and the biggest mass deportation of migrants in history. He also wants a say in Federal Reserve policy. Many economists reckon the platform adds up to higher inflation and slower growth…
