’Seismic shift in US trade policy…’: S&P cuts India’s GDP growth forecast for the second time in two months on Trump tariff uncertainty
Friday, 2 May 2025 () S&P Global Ratings has lowered India's GDP growth forecasts for 2025-26 and 2026-27, citing trade-related uncertainties stemming from potential US tariff policies. This revision aligns with similar downward adjustments by the Reserve Bank of India.
Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade...
China signals a possible shift in its trade stance, saying it's assessing U.S. proposals to restart negotiations amid escalating tariffs and economic strain. Beijing demands the U.S. show sincerity by..
Former Russian President Dmitry Medvedev has ridiculed Donald Trump's aggressive tariff strategy against China, claiming it backfired. As U.S. allies suffer under Trump's trade policies, Medvedev..
Two major Trump-era legal battles are converging: a challenge to sweeping tariffs under the International Emergency Economic Powers Act (IEEPA), and a Supreme Court showdown over the legality of..
Friday, 2 May 2025 ()
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