NEW DELHI: ‘Make in India’ is the mantra as global smartphone giants Apple and Samsung look to re-calibrate worldwide production to blunt the impact of Donald Trump’s higher tariffs on China and Vietnam, when shipping to the US.Even though it is a logistical challenge with major customs and other regulatory efforts required, the issue is…
NEW DELHI: A last-minute scramble by companies to beat Donald Trump’s reciprocal tariffs may have helped India come close to last year’s goods exports level of $437 billion, senior officials said Saturday.Apple is said to have shipped five planeloads of iPhones and other products to the US over just three days to stock up its…
TOI Correspondent from Washington: Pilloried for playing golf while the stock market burned, MAGA supremo Donald Trump tee-d off with claims of an “economic revolution” that has “already” brought in more than $5 trillion investment into the United States.The US President’s tall talk came despite America’s top 500 companies bleeding almost the same amount, $5…
US President Donald Trump’s new 54% tariffs on Chinese imports have sparked widespread fear of a trade war and potential disruption to technology supply chains. While it may affect the Chinese imports of key minerals such as gallium, germanium, and others used in making semiconductors, infrared technology, fiber optic cables, solar cells, military applications and…
US President Donald Trump brushed off market chaos on Friday and doubled down on his aggressive trade stance, claiming it will ultimately supercharge the American economy. Writing on Truth Social, Trump said: “Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG,…
New Delhi: Apple does not intend to make any immediate changes to retail prices of its products, such as iPhone, including in India, following the Trump administration’s imposition of reciprocal tariffs as the company had sent “unusually high” number of shipments from factories in India and China to build up stocks in America, despite this…
The combined wealth of the world’s 500 wealthiest individuals decreased by $208 billion on Thursday following US President Donald Trump’s announcement of broad tariffs, causing global markets to decline sharply.This represents the fourth-largest single-day reduction in the Bloomberg Billionaires Index since its inception 13 years ago, surpassed only by declines during the peak of the…
Trump tariffs send shockwaves through global markets Wall Street just suffered its most brutal one-day loss since the early days of Covid. The spark? A sweeping, historic round of tariffs announced by US President Donald Trump late Wednesday, including a 10% baseline duty on all imports and much higher rates on key trading partners like…
The US stock market plunged sharply on Thursday, with the Dow Jones Industrial Average dropping 1,400 points, or 3.3%, amid widespread concerns triggered by President Donald Trump’s latest set of severe tariffs. According to news agency AP, the S&P 500 fell 4%, while the Nasdaq Composite dropped 5.1%, reflecting a broader global market sell-off. At…
Raghuram Rajan (File photo) NEW DELHI: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday described the Trump administration’s new reciprocal tariffs on about 60 countries as a “self-goal,” and said that the move will primarily hurt the US economy in the short run. Rajan, however, mentioned that the impact on India would…
