AI-generated image (Credit: Lexica) The United States has announced imposition of substantial new duties reaching up to 3,521 per cent on solar imports from four Southeast Asian nations, supporting domestic manufacturers whilst creating challenges for the nation’s renewable energy development.The duties, announced on Monday, follow a year-long trade investigation that claims that solar manufacturers in…
Gold prices raced to an all-time high on Wednesday, driven by a weaker dollar, trade war tensions and concerns over global economic growth due to U.S. President Donald Trump’s tariff plans which led to safe-haven inflows. FUNDAMENTALS Spot gold climbed 1.1% at $3,261.79 an ounce, as of 0028 GMT, after touching a record high of…
This is a representational AI image American importers are finding it hard to cope with a wave of new tariffs on Chinese goods announced by US President Donald Trump, with some warning of dire consequences. Rick Woldenberg, CEO of Illinois-based educational toy company Learning Resources, called the situation “the end of days” after Trump abruptly…
NEW DELHI: China on Tuesday called upon India to stand together against the “US abuse of tariffs” and overcome difficulties.In a social media post on X, spokesperson of Chinese Embassy in India Yu Jing slammed the US President Donald Trump’s threat to impose 50% tariff on China and said that all countries should uphold the…
US President Donald Trump (Pic credit: AP) NEW DELHI: US President Donald Trump has rolled out a sweeping tariff regime that imposes a minimum 10 per cent duty on nearly all goods entering the United States, affecting trade with 180 countries. The move, effective April 2, marks one of the most aggressive shifts in American…
Representative image (AP) As a countermeasure to US tariffs imposed by President Donald Trump, China has expanded its sweeping export restrictions on strategic minerals critical to defence, clean energy, and high-tech industries.The latest development brings out Beijing’s growing willingness to weaponize its dominace over global mineral supply chains. Rare Earths and permanent magnets On Friday,…
President Donald Trump took to his social media platform, Truth Social, on Thursday to deliver a triumphant message following the implementation of sweeping reciprocal tariffs. His post in all-caps read: “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT…
Kolkata: Jewellery exporting units in Mumbai’s Santacruz Electronics Export Processing Zone (SEEPZ) have urged the government to allow them to manufacture jewellery for the domestic market given the US reciprocal tariff will come into effect April 2. SEEPZ exports jewellery worth ₹28,000 crore annually, of which 85% is shipped to the US. “The government has…
Gold went up in the physical market by Rs 1,048 per 10 gm on Monday to Rs 87,891 per 10 gm in the physical market from a closing price of Rs 86,843 on Thursday, a rise of 1.2 per cent. The gold market was closed on Friday due to Holi. Families, which have weddings in…
Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman Donald Tang has told AFP. The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use forced…
