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The US Senate has proposed a revised bill imposing up to 100% tariffs on India, China and other buyers of Russian oil, replacing the earlier 500% tariff proposal backed by the White House.
From 500% to 100%: US Senate Softens Tariff Proposal on India, China Over Russian Oil Purchases Read More
Iran has warned of possible action against the strategic Bab el-Mandeb Strait after tensions over Hormuz escalated. The move could disrupt global trade, oil shipments, and maritime security across the Red Sea region.
After Hormuz, Iran Threatens to Block Bab el-Mandeb, Raising Fears of a Global Shipping Crisis Read More
A US trade court has ordered the government to process billions of dollars in refunds for tariffs declared unlawful, directing Customs to recalculate duties and return payments to businesses.
US Trade Court Strikes Down Tariffs, Orders Billions in Refunds Read More
The White House outlines a historic India–US trade framework featuring tariff cuts, expanded market access, digital trade reforms and major purchase commitments, clarifying Trump’s zero-tariff claim.
Trump’s Zero-Tariff Claim Clarified as US Details India Trade Framework Read More
China’s trade surplus has crossed the $1 trillion mark for the first time in history, driven by rising exports and falling imports. Analysts say the record surplus will boost China’s 2025 growth outlook even as tariff tensions with the US continue to ease.
Historic! China Crosses $1 Trillion Trade Surplus Despite Global Turmoil Read More