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A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

The Trump administration has levied tariffs on more than 60 countries, using a legal justification that permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices

Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices

SLB CEO sends clear message on oil services upcycle

SLB CEO sends clear message on oil services upcycle

Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited. Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...

India's WTO Trade Policy Review Concludes Amidst Global Scrutiny

India's WTO Trade Policy Review Concludes Amidst Global Scrutiny

India has completed its eighth Trade Policy Review at the World Trade Organization (WTO), where member countries sought clarifications on India's production-linked incentive schemes, Quality Control Orders (QCOs), and other trade policy measures. The review, held on July 21 and 23, saw participation from 68 WTO members, indicating significant global interest in India's trade policies. Commerce Secretary Rajesh Agarwal defended India's policies, stating they are consistent with WTO rules and cater to the needs of a developing economy. India received 1,094 written questions from 44 WTO members, with 68 members making interventions. Agarwal emphasized India's commitment to a transparent and rules-based multilateral trading system, highlighting the country's efforts in digital public infrastructure, customs reforms, and integration of MSMEs into global value chains.

India to keep engaging with US on trade deal after new tariff measures

India to keep engaging with US on trade deal after new tariff measures

By Ashwin Manikandan MUMBAI, July 25 (Reuters) - India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on imports from the South Asian nation under new trade measures.

GTRI Challenges U.S. Tariffs on Indian Exports, Citing Lack of Evidence

GTRI Challenges U.S. Tariffs on Indian Exports, Citing Lack of Evidence

The Global Trade Research Initiative (GTRI) has raised concerns over the U.S. imposing a 10% tariff on Indian exports under Section 301. The U.S. claims the tariffs are in response to India's failure to prohibit forced labor effectively. However, GTRI argues that the U.S. has not provided credible evidence to justify these tariffs. The tariffs were initially proposed at 12.5% but were reduced following India's ban on imports made with forced labor. GTRI suggests that the tariffs are more about maintaining U.S. trade barriers than addressing forced labor issues.

U.S. Tariff on Indian Goods Reduced to 10%, Impact on Exports Limited

U.S. Tariff on Indian Goods Reduced to 10%, Impact on Exports Limited

U.S. Tariff on Indian Goods Reduced to 10%, Impact on Exports Limited

U.S. Implements 10% Tariff on Indian Imports, Impacting Gold Prices

U.S. Implements 10% Tariff on Indian Imports, Impacting Gold Prices

The United States has imposed a 10% tariff on goods imported from India, effective from July 24, 2026, under Section 301 of the Trade Act of 1974. This decision was made due to concerns over forced labor practices. The tariff, initially proposed at 12.5%, was reduced, providing some relief to Indian exporters. As a result, gold prices in India have dropped, with 10 grams of 24-carat gold decreasing by 824 rupees to 1,43,781 rupees. This tariff is part of a broader U.S. strategy to address labor issues in international supply chains.

Global Race for Leadership in Climate Economy Intensifies Among Nations

Global Race for Leadership in Climate Economy Intensifies Among Nations

As the world moves towards a low-carbon future, countries are competing to dominate the emerging climate economy. This race involves investments in renewable energy, electric vehicles, green hydrogen, carbon markets, and climate tech innovation. China leads in solar panel and wind turbine production, while the U.S. is incentivizing clean energy manufacturing through the Inflation Reduction Act. The European Union is also boosting local production to reduce dependence on Asian imports. Electric vehicles are another battleground, with China leading global sales and battery manufacturing, while the U.S. and Europe strive to catch up. Smaller nations like South Korea and India are expanding their battery technology and offering incentives to attract manufacturers. Africa is investing in green hydrogen projects, aiming to supply European markets.

US Imposes New Tariffs on 60 Countries Over Forced Labor Concerns

US Imposes New Tariffs on 60 Countries Over Forced Labor Concerns

US Imposes New Tariffs on 60 Countries Over Forced Labor Concerns

'The fear killed her': How an exam scandal in India sparked a student uprising

'The fear killed her': How an exam scandal in India sparked a student uprising

By Aftab Ahmed, Saurabh Sharma and Sumit Khanna NEW DELHI/JHUNJHUNU/AHMEDABAD, July 25 (Reuters) - The prospect of retaking one of India's most competitive exams was so daunting for 19-year-old Sheikh Sana that a day before the test, the pressure became unbearable.