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"Act collectively": Jefferies' Chris Wood urges unified response to countries facing US tariffs
Economic Times
·
1d ago
Medial
Investment strategist Christopher Wood of Jefferies advocates for countries to respond collectively to new U.S. tariffs rather than pursuing separate bilateral negotiations. Highlighting recent U.S. tariffs on goods from India, Brazil, and imported semiconductor chips, Wood argues these measures depart from the international trade principles established since the General Agreement on Tariffs and Trade (GATT) in 1947. He suggests that collaborative action is necessary to maintain the multilateral trade system and counteract these unilateral U.S. actions.
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'Strong nations can do what they want': Nilesh Shah on Trump tariffs, says India hit lower than most of its peers
Business Today
·
4m ago
Medial
US President Donald Trump imposed reciprocal tariffs on countries like India and China. Nilesh Shah, MD of Kotak Mahindra Asset Management, explained this action using a Sant Tulsidas quote, highlighting that powerful nations often act without facing criticism. While the US economy, reliant on consumer spending, might suffer from inflation and reduced wealth effects, emerging markets may experience stagflation. Conversely, the US might encounter a "hard landing," illustrating varied economic impacts globally.
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Vietnam PM urges US to lift some high-tech export restrictions
Economic Times
·
8m ago
Medial
Vietnam's Prime Minister, Pham Minh Chinh, has called on the United States to lift export restrictions on certain technologies and expressed interest in developing satellite communications. Chinh also emphasized the importance of maintaining good relations and cooperation between the two countries to address global challenges. He did not address the potential US tariffs on Vietnam, despite previous threats. Vietnam currently faces limitations on access to certain technology, but is allowed to import conventional weapons and some nuclear and missile technology. Chinh also highlighted Vietnam's desire for the US to recognize it as a market economy to potentially reduce tariffs on sanctioned trades.
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US readies another bunker-buster for India. What can happen?
Economic Times
·
1m ago
Medial
The US is contemplating a bill imposing 500% tariffs on imports from countries like India that buy Russian oil, amidst bipartisan support for the Sanctioning Russia Act of 2025. This aims to pressure Russia over the Ukraine conflict by targeting its energy trade partners, China and India. While meant to cripple Russia’s revenue, critics warn that such tariffs could harm US allies and the economy if implemented, raising significant feasibility concerns.
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Apple eyes India for iPhone production as China faces 54% tariff: Report
Economic Times
·
4m ago
Medial
In response to U.S. tariffs, Apple is considering shifting more iPhone production to India. The Wall Street Journal reports U.S. tariffs on various countries, with India facing a 26% tariff compared to China's 54%. Apple plans to increase exports of iPhones from India to the U.S. to mitigate costs. India aims to become a significant manufacturing hub, aligning with Apple's goal to shift 25% of iPhone production to India by 2025 amidst evolving U.S.-India trade relations.
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Global powers will bully India unless it becomes most unapologetic superpower: Eternal CEO - The Economic Times
Economic Times
·
3d ago
Medial
Eternal CEO Deepinder Goyal emphasizes that global powers will continue to bully India unless the nation asserts its position as a superpower. In response to increased tariffs on Indian goods by the US, Goyal stresses the need for India to excel in economy, technology, defense, and ambition to secure its destiny. He advocates for India to collectively aim to be the world's most unapologetic superpower to avoid international intimidation and assertions over its economic positioning.
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Global poverty: How to deal with funding cuts
Livemint
·
1m ago
Medial
Developing countries are facing a significant $4-trillion annual shortfall in development financing, severely impacting the poorest indebted nations. In response, more than 100 countries convened at a UN summit in Seville to tackle this financial gap and the growing debt crisis in developing regions. The conference united governments, businesses, and NGOs to seek solutions, exploring collaborative efforts amid challenges like US isolationism and considering potential roles for countries like India in addressing global poverty.
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Donald Trump's US tariffs may impact India’s GDP by 0.1-0.6%: Goldman Sachs
Business Today
·
5m ago
Medial
Goldman Sachs suggests India's GDP could decrease by 0.1 to 0.6 percentage points if the US, under President Trump's administration, raises tariffs on all US imports to align with the tariff differential between India and the US. President Trump emphasized a new trade policy prioritizing fairness and reciprocity, indicating the US would implement reciprocal tariffs to mirror the tariffs other countries impose on American goods, potentially impacting global trade dynamics.
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Govt explores plan to negotiate suspension of 26% tariffs till bilateral trade agreement is finalised with US
Business Today
·
4m ago
Medial
The government is considering negotiating the temporary suspension of 26% tariffs with the US while finalizing a bilateral trade agreement expected by late 2025. The tariffs impact textiles, engineering, and electronics goods. The US plans to impose new tariffs on pharmaceuticals and semiconductors. India is in talks with exporters to mitigate the impact, noting that countries like Vietnam, Bangladesh, China, Indonesia, and Thailand face higher import duties on similar goods.
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US team to visit India in August for next round of talks for trade pact
Economic Times
·
20d ago
Medial
A US team is set to visit India in August for further trade discussions, aiming to finalize an interim trade deal. Upcoming talks focus on the suspension of Trump-era tariffs, with India's negotiator Rajesh Agrawal and US counterpart Brendan Lynch deliberating. Key issues include US demands for agricultural duty concessions and India's push to eliminate tariffs on steel, aluminum, and textiles. The countries aim to conclude initial trade agreement discussions by fall 2023.
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Meity in touch with commerce ministry to find way around Trump tariffs
Economic Times
·
5m ago
Medial
Facing potential US tariffs, India's electronics and IT ministry is in talks with the commerce ministry to address reciprocal trade issues, potentially lowering duties on US smartphone imports. This move is amidst stakeholder consultations and industry recommendations to eliminate duties on US-imported electronics. The US market is vital for India's export growth, yet impending reciprocal tariffs could impact competitiveness, pushing global supply chains away from India if not addressed. India's electronics exports heavily rely on tariff-free access to the US market.
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