Nikita Yadav BBC News, Delhi @MEAIndia/X Vance (left) and Modi discussed matters related to trade, defence and bilateral cooperation India and the US are making progress in negotiating a bilateral trade deal, the countries said after a meeting between Prime Minister Narendra Modi and Vice-President JD Vance in Delhi. Vance is currently on a four-day…
Companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by President Trump. These locations, called foreign trade zones (FTZs) and bonded warehouses, are specially designated, secured storage or manufacturing sites approved by U.S. Customs where freight is not subject to U.S. duties…
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably…
Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will…
This photo taken on Jan. 30, 2025 shows the European Central Bank ECB headquarters in Frankfurt, Germany. Zhang Fan/Xinhua via Getty Images The European Central Bank is widely expected to trim interest rates for the third time this year as global tariff tensions and uncertainty threaten the euro zone’s economic growth. As of Wednesday, markets…
A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty Images Entertainment | Getty Images French…
US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton fires. Mandel Ngan | AFP | Getty Images California on Wednesday sued President Donald…
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images Trade barriers can come in many forms. Tariffs are just one. Onerous licensing requirements, export restrictions and fines on shipping are other obstacles. Nvidia said Tuesday…
A cargo ship sits outside of the Port of Elizabeth marine terminal seen from Bayonne, New Jersey, U.S., April 9 2025. Shannon Stapleton | Reuters Trade barriers can come in many forms. Tariffs are just one. Onerous licensing requirements, export restrictions and fines on shipping are other obstacles. Nvidia said Tuesday it would be taking…
Stephen McDonell China correspondent BBC/Benjamin Begley The ‘silver train’ initiative aims to get retirees to visit remote parts of China and boost the local economy Beijing insists it will stand firm in the face of Donald Trump’s tariffs on Chinese goods. It has been trying to reassure everyone that the country is strong and the…
