Economic Impact News - Latest Updates & Headlines
US tariffs threaten Arab non-oil exports: UN agency
Beirut, April 20: A sharp rise in US trade protectionism is placing Arab economies under mounting pressure, endangering $22 billion worth of non-oil exports, according to a policy brief released by the United Nations Economic and Social Commission for Western Asia (ESCWA).
No winners in US-China trade conflict as Asia-Pacific braces for impact: Report
New Delhi, April 15: There are no winners in a trade conflict and the tussle between China and the US raises the risk of economic and geopolitical fallout, a report by S&P Global Ratings said on Tuesday.
US tariff impact on India's GDP just 0.1%, says PHDCCI
New Delhi, April 13: Industry body PHDCCI on Sunday said that the reciprocal tariffs imposed by US President Donald Trump will impact only 0.1 per cent of the Indian GDP, exuding confidence in price competitiveness and continued government support.
Seoul shares dip to 17-month low on Trump tariffs; won sinks to 16-year low
Seoul, April 9: South Korean stocks fell by nearly 2 percent to a 17-month low on Wednesday as the Donald Trump administration's sweeping tariffs stoked fears of an intensifying trade war between the United States and China. The local currency fell sharply against the US dollar.
US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi, April 7: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
US tariffs may lead to dumping by competing countries in India: CareEdge
New Delhi, April 6: The imposition of high reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report.
Largest port in US sounds alarm on Trump's tariffs
Los Angeles, April 5: Tariffs could lead to a 10 per cent drop in cargo volume moving through the Port of Los Angeles later this year, the US largest port's Executive Director Gene Seroka warned.
Direct impact of US tariffs on Indian sectors will largely be neutral: Report
New Delhi, April 4: The expected direct impact of US reciprocal tariffs would vary in nature for the sectors in India, with no impact on pharmaceuticals since they are exempt from reciprocal tariffs for now, a report said on Friday.
Potential retaliation to US tariffs may initiate vicious cycle on global growth: SBI Research
New Delhi, April 4: The nature of broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries is likely to initiate a vicious cycle of global growth, says a report by SBI Research.
Global brokerages warn of negative impact of Trump tariffs on both India and US
New Delhi, April 4: US President Donald Trump has announced a steep 27 per cent tariff on imports of Indian goods, triggering concern across global markets and trade analysts.
Pakistan: Huge setback for industry after 29 per cent tariff hit from US
Islamabad, April 3: The Trump administration has imposed a 29 per cent tariff on goods that the United States (US) imports from Pakistan, prompting experts to weigh in on the short and long-term impacts of the latest reciprocal response to Islamabad's 58 per cent tariff charge on the American goods.
What is govt doing on US tariffs, Chinese 'encroachment', asks LoP Gandhi (LD)
New Delhi, April 3: Raising the issue of US reciprocal tariffs of 26 per cent on Indian exports, Leader of Opposition (LoP) in the Lok Sabha, Rahul Gandhi on Thursday sought an explanation from the government on what it “is going to do on the issue”.
LS: LoP Rahul questions govt on US tariffs; Chinese 'encroachment' of Indian territory
New Delhi, April 3: Leader of the Opposition (LoP) in Lok Sabha, Rahul Gandhi on Thursday raised the issue of alleged encroachment of Indian territory by China and the freshly imposed US tariffs on Indian exports, seeking answers on “what the government is going to do on these issues”.
India's textile, engineering goods, electronics, and gems & jewellery exporters to hit hard by Trump Tariffs
New Delhi, April 3: Indian textiles, engineering goods, electronics, and gems and jewellery sector exporters are expected to hit hardest by the tariffs announced by Donald Trump according to experts.
Despite highest tariff differential of 9 pc, Trump tariffs will have minimal impact on India: Report
New Delhi April 2: With US President Donald Trump set to announce reciprocal tariffs later today, a report by Motilal Oswal suggests that its impact on India will be minimal.
4 degree Celsius rise in global temperatures may cut world GDP by 40 pc: Study
New Delhi, April 1: A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 – a sharp increase from previous estimates of around 11 per cent.
South Korea to hold emergency meeting on US auto tariffs
Seoul, March 27: The government will hold an emergency meeting with local automotive companies on Thursday to discuss the possible impact of the US administration's plan to start imposing auto tariffs next week, the industry ministry said.
Punjab allowed to bleed financially during 400 days of farmer protest: BJP leader Jakhar
Chandigarh, March 21: Calling it AAP's deep-rooted conspiracy to humiliate farmers in Punjab, state BJP President Sunil Jakhar on Friday said it was at the behest of Chief Minister Bhagwant Mann that the state was held to ransom and allowed to bleed financially and economically for 400 days for a sit-in protest.
Trump aides prep new tariffs on imports worth trillions for 'Liberation Day'
Washington, DC, March 20: White House officials are preparing to impose sweeping new tariffs on most imports by April 2, escalating US President Donald Trump's ongoing trade war with an unprecedented move that he has called it "Liberation Day," the Washington Post reported.
Business leaders predict sharp decline in Chinese exports due to US tariff dispute
Beijing, March 14: Business leaders and economists have warned that China's exports are likely to suffer significantly due to the intensifying tariff conflict with the United States, as reported by Radio Free Asia (RFA).
Trump vows 200 per cent tariff on EU champagne, alcohol imports
Washington, DC, March 13: US President Donald Trump on Thursday threatened to impose a 200 per cent tariff on champagne and other alcoholic products from the European Union, escalating trade tensions amid ongoing disputes between Washington and Brussels, ABC News reported.
Economic impact of Holi festival on trade: Business expected to surpass Rs 60,000 crore this year
New Delhi, March 9: Praveen Khandelwal, the secretary-general of the Confederation of All India Traders (CAIT) and BJP MP from Chandni Chowk, stated that, similar to previous years, traders and customers have boycotted Chinese goods during Holi sales this time.
US tariff may impact India's GDP between 0.1-0.6 per cent: Goldman Sachs
New Delhi, February 19: Trump's tariff may impact India's Gross Domestic Product (GDP) in between 0.1 to 0.6 according to a report by Goldman Sachs.
Trump announces equivalent reciprocal tariffs on all countries exporting to US
New Delhi, February 14: US President Donald Trump announced the reciprocal tariff policy on Thursday.
Macro effects of proposed US tariffs are negative: S&P Global Ratings
New Delhi, February 8: Potential effects of the tariffs proposed by the Donald Trump administration are overwhelmingly negative, said a report published by a team of S&P Global Ratings' economics team.
Asian stocks bleed after Trump tariff announcement, Nifty futures down by 0.83 pc
New Delhi, February 3: Asian stock markets faced heavy selling pressure on Monday's opening session after US President Donald Trump announced new tariffs on multiple countries.
Syrian refugee return sparks workforce concerns in Turkish industries
Gaziantep, Jan 28: As Syria shows signs of recovery from its 13-year civil war, the gradual return of Syrian refugees from Turkey is raising fears of labour shortages in key Turkish sectors reliant on low-wage workers, industry representatives and analysts say.
AI can add $4.4 trillion to global economy, but digital divide must be removed: WEF report
Davos, Jan 21: While Artificial Intelligence (AI ) could add $2.6 trillion to $4.4 trillion to the global economy annually, there is also a need to pay attention to the careers, lives and communities it will disrupt -- including those who have already been left out of the global digital economy, according to a presentation at the WEF annual meeting on Tuesday.
Mahakumbh 2025: Over 7.70 crore devotees take holy dip
Mahakumbh Nagar, Jan 18: Mahakumbh is being organised on the banks of Sangam in Prayagraj. A lot of enthusiasm among the devotees is being witnessed nowadays regarding the divine and grand Mahakumbh. Till now, at least 7.72 crore devotees have taken the holy dip.
China's population decline accelerates amid falling births and rising deaths
Beijing, January 18: China's population continued its downward trend for the third consecutive year, with deaths surpassing the slight rise in births, raising concerns over the nation's long-term demographic and economic outlook, as reported by the Taipei Times.
Trump tariff hikes on Chinese goods may hit Indian exporters: Crisil Report
New Delhi, January 17: Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.
Mahakumbh 2025 expected to boost trade by Rs 2 lakh crore says Confederation of All India Traders
Prayagraj, January 13: The Mahakumbh 2025, which began today in Prayagraj, is projected to generate trade worth approximately Rs 2 lakh crore in the region, according to the Confederation of All India Traders (CAIT).
Maha Kumbh likely to generate over Rs 4 lakh crore in trade, boost India's economy
New Delhi, Jan 12: As Maha Kumbh sets to begin in Prayagraj at the holy confluence of the revered Ganga, Yamuna and Saraswati rivers from Monday, the largest religious congregation on Earth is anticipated to generate more than Rs 4 lakh crore in trade in a significant boost to India's economy.