Trump’s tariff may shrink global trade by 3%, shift exports to India, Brazil: UN expert

The new US tariff regime could shrink global trade by 3 per cent and significantly shift export flows from traditional markets like the US and China to emerging economies such as India, Canada, and Brazil, according to a top United Nations trade official, as PTI reported. Pamela Coke-Hamilton, Executive Director of the International Trade Centre, … Read more

America losing the status of ‘safe haven’, questions arising about government treasury

The uproar of the stock market may have made all the headlines, but another serious crisis is flourishing in another corner of the financial market. Investors are rapidly selling the US government bonds. Usually, whenever there is a call for economic crisis, investors invest money in American Treasury, but this time it is not happening. … Read more

Terms finalised, US-India drill down on sectors for trade deal

The US and India are “intensely” engaged in sector-specific talks through virtual mode in lines with the terms of reference (ToRs) they finalised on March 29 in New Delhi that binds them to find “mutually beneficial solutions” for reducing tariff and non-tariff barriers, increasing market access and deepening supply chain integration, people aware of the … Read more