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US President Donald Trump’s renewed push to bring microchip manufacturing back to America faces stiff resistance from decades of Asian dominance, as industry experts warn that tariffs, labour shortages, and a lack of long-term investment could undermine the effort. Trump’s plan to revive chip production in the United States, centred around tariffs and incentives, seeks…
US President Donald Trump (Pic credit: AP) After a week of economic chaos and criticism from allies, President Trump abruptly reversed course on his sweeping new tariffs, hitting pause for 90 days. What changed? Not just pressure from businesses or Republicans—Trump was rattled by a bond market in meltdown mode. The sudden surge in Treasury…
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…
Kemi Badenoch urged Labour to “pick up where we left off” on negotiating a US trade deal. The Conservative leader said the previous Tory government had six rounds of negotiations with America in 2020 during an interview on the BBC’s Sunday With Laura Kuenssberg programme. She was pressed by host Laura Kuenssberg on her previous…
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The impact of US president Donald Trump’s swingeing global tariffs are going to be “horrible for the world”, actor and comedian Rosie O’Donnell said in Dublin on Saturday. Ms O’Donnell moved to Ireland three months ago, citing safety issues in the United States for herself and her 12-year-old son Clay, who has autism, following Mr…
Listen to article Global markets experienced severe turbulence on Thursday after US President Donald Trump announced sweeping tariffs, including a baseline 10% duty on all imports and higher levies on key trading partners. The news led to sharp declines in stock markets, falling currencies, and rising commodity prices, with analysts warning of broader economic impacts. Futures on…
Asian equities traded in tight ranges Friday as the uncertainty around Donald Trump’s next trade war salvo weighed on sentiment across global markets. Japan’s stock market opened higher, but South Korean shares fell and equity index futures for Hong Kong were down. US futures edged higher after the S&P 500 closed slightly down Thursday, a…
Valuation guru Aswath Damodaran has spelled out a warning of sorts for India’s growth story as the world, led by the US, takes a more protectionist turn. In his latest blog post, Damodaran said India will face many more hurdles in its path to achieve economic growth, unlike China which relatively had smoother sailing in…
European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US…
