tariff policies

Moody's chief economist Mark Zandi warns of a 40% recession risk in the US within a year, citing 'counterproductive policy choices' like tariffs and restrictive immigration. He suggests abandoning these policies, ending the Iran war, and letting the Fed maintain steady interest rates could avert a downturn, despite slowing job growth.

India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.

Ecuador's President Daniel Noboa met with US vice president JD Vance in Washington to bolster ties and combat drug trafficking. This comes after Ecuador imposed tariffs on Colombia due to border disputes and President Petro's alleged inaction against crime. Noboa, a Trump ally, is set to address the OAS and meet lawmakers, highlighting his hardline stance against organized crime.

Tripura is making strides in attracting global investment by initiating talks with the Russian embassy to forge new alliances. As part of this initiative, Russia has been invited to join as a partner country for the upcoming Destination Tripura Business Conclave 2026, with a keen focus on sectors such as tourism, IT, and agro-processing.

A new global survey reveals a significant drop in America's international image under President Trump, now trailing behind Russia and China. Concerns over his foreign policy, tariffs, and military actions have unsettled allies and created global unease. This decline marks the second consecutive year of falling perceptions for the US.

US courts have again blocked Trump's 10% global tariffs, deeming them unauthorized. This ruling, following earlier tariff invalidations, signals a return to WTO's MFN rates. For India, this policy instability raises concerns, prompting advice to pause Free Trade Agreement talks until US trade systems stabilize, preventing one-sided deals.

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

Global powers are now vying for India's attention, recognizing its growing influence. While the US seeks to bolster trade, India has been actively forging significant trade agreements, positioning itself as a reliable and indispensable partner in a shifting geopolitical landscape.

Will lead a central bank oriented toward reform, says new chair

TNPDCL updates billing software and communicates to field assessors

A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.

Canadian investor Kevin O'Leary urges young professionals to save daily spending on coffee and sandwiches for investment. He believes this habit builds wealth over time. O'Leary also warns that America's energy grid is not ready for the AI boom. He highlights China's rapid power expansion. Investors should also note his views on interest rates and tariffs.

President Trump embarks on a crucial three-day visit to China, set to engage in high-stakes talks with President Xi Jinping. Discussions will span critical global issues including the Middle East conflict, Taiwan, AI, and nuclear weapons. Business leaders are accompanying Trump, signaling a focus on trade and potential new deals, as both nations navigate complex economic and security landscapes.

Canadian tourism to the US has plummeted by an average of 42%, significantly impacting major cities and industry-linked mid-sized towns. This sharp decline, attributed to President Trump's trade war, also affects business travel, with fewer tech and finance employees journeying for work. The future of cross-border travel recovery remains uncertain under current trade conditions.

India is pivoting towards Europe as traditional partnerships become unreliable. The burgeoning India-Italy relationship, spearheaded by Prime Ministers Modi and Meloni, is central to this strategy. This partnership is building crucial economic architecture, including the India-Middle East-Europe Economic Corridor and a potential EU Free Trade Agreement, positioning Europe as India's primary strategic focus.

Domestic energy prices remain volatile, but you can switch to green alternatives to protect your household budget

Prime Minister Mark Carney announced a new clean electricity strategy aiming to double Canada's grid by 2050 and lower household energy costs. The plan, costing over $1 trillion, allows natural gas a larger role and embraces diverse energy sources, including hydro, nuclear, wind, solar, and geothermal.

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.