500% Tariffs Could Hit India and China as Trump-Backed Russia Sanctions Bill Advances: Explained
A sweeping new US sanctions proposal targeting countries that continue importing Russian petroleum and uranium products is set to reshape global trade dynamics if enacted, with India, China, and Brazil among the most exposed economies. The proposed legislation, backed by former US President Donald Trump, would authorise tariffs of up to 500% on imports from […]
Global Economy to Slow Down, Says OECD — U.S. Hit Hard by Tariffs, India Still Strong
The world economy is expected to grow more slowly in the next two years, according to a new report by the Organisation for Economic Cooperation and Development (OECD). The OECD says that after growing 3.3% in 2024, the global economy will slow to 2.9% growth in 2025 and 2026. The report points to several reasons […]