tariff retaliation

China is considering restricting exports of advanced solar panel manufacturing equipment to the US, targeting high-efficiency technologies like HJT. This move could significantly impact US efforts to localize solar production and space-based computing ambitions, including those of Tesla, amid escalating tech rivalry.

In India, growth for 2025 is revised upward by 1.0 percentage point relative to October, to 7.6 percent. IMF chief economist Pierre-Olivier Gourinchas noted that, in the absence of the conflict, growth projections for 2026 might have been revised upward to 3.4 percent.

Asian markets tumbled Thursday, mirroring Wall Street's decline as soaring oil prices above $110 and persistent inflation fears rattled investors. Tensions in the Middle East escalated with Iran threatening retaliation against regional energy infrastructure, further fueling concerns about supply disruptions and their impact on global economic growth and interest rate outlooks.

Former Delhi Chief Minister and Aam Aadmi Party (AAP) convenor, Arvind Kejriwal, on Wednesday launched a scathing attack against the Centre over the reported shortage of LPG cylinders, questioning the government's stand in the West Asia conflict.

Online retail giant Coupang, a US-registered company, is emphasizing its American identity amidst South Korean regulatory scrutiny following a major data leak. The company has reportedly lobbied the US government, with Vice-President JD Vance raising the issue with South Korean officials. This comes as Coupang faces investigations by multiple agencies in Seoul over the breach.

Gold price prediction today: Rising tensions in the Middle East and developments around US, Israel and Iran are expected to keep gold prices volatile this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

After SC decision, they face reality they may've been better off waiting

US and Russia could still come to a deal in the coming months. India should stay firm and give Trump the chance to ‘chicken out’

The US president’s advisers say he is using the threat of tariffs to extract favourable deals from America’s trading partners. But the evidence from his first term is not so impressive

The Supreme Court rebuked President Trump's use of emergency powers for imposing sweeping tariffs, deeming it an overreach. Despite this, Trump vowed to continue, raising global tariffs under different legal provisions. This move, while a political setback, strategically allows him to recalibrate his trade policy and potentially renegotiate terms with countries.

Following the EU and US trade agreement, France is strongly advocating for tariff retaliation, warning of political weakening if Europe doesn't respond. PM Bayrou criticized the deal's 15% tariffs on European imports, while Minister Haddad suggested countermeasures like taxing US digital services. Despite France's stance, other European leaders, including those from Germany and Italy, welcomed the agreement, averting a potential trade war.

Canadian ministers announced readiness to retaliate if US President Trump's proposed 25% tariffs on Canada and Mexico take effect on February 1, emphasizing that such tariffs would harm both countries' economies and disrupt supply chains. Canada heavily relies on cross-border trade, particularly with the US, its largest trading partner.

The Chinese embassy in the US subtly criticized the Trump administration's recent tariffs by sharing a video clip of Ronald Reagan's 1987 speech. Reagan cautioned against tariffs, highlighting their potential to stifle innovation, trigger retaliation, and ultimately harm the economy. This post arrives amidst escalating trade tensions, with both Washington and Beijing imposing duties on each other's goods.

US President Donald Trump is set to introduce reciprocal tariffs on foreign imports. Major economies such as the European Union, Canada, and Mexico plan retaliation. Experts warn significant economic consequences, including a potential 0.4% loss in US GDP due to retaliatory measures.

The telecom regulatory body has announced a new roaming tariff regime, which will be effective from February 15.