New Delhi: India is learnt to be closely watching the fast-changing trade scenario as US President Donald Trump's blanket tariffs put the world on the brink of a possible global trade war. The European Union has vowed a united response, and China slapped a ...

Donald Trump’s sweeping tariffs face backlash from markets, foreign governments, US companies, and even the Federal Reserve chief and key lawmakers.

US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries. With tariffs on countries like China, India, and the EU, the move aims to rebalance trade.

Trump’s sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increase prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality.

U.S. trading partners have few good options in their trade war with President Donald Trump, other than to sue for peace.

The Trump administration’s reciprocal tariffs are expected to cause short-term challenges for India’s software services industry, with potential declines in revenue growth. However, industry experts remain optimistic about long-term gains through cost optimization,

After declaring a national economic emergency on Wednesday, Trump announced new tariffs on billions of dollars of goods of at least 10%. For countries he has deemed the "worst offenders", the rates can go as high as 50%. They start taking effect on 5 April.

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947