Category: Economy

U.S. Customs enforces sweeping hikes on imported goods as allies brace for impact, and Trump signals no tariff rollback linked to Ukraine Just after midnight on August 7, U.S. Customs and Border Protection quietly began collecting what could become the most consequential set of import taxes in recent American history. With no public fanfare, but plenty of tension behind the scenes, President Donald Trump’s new tariffs—ranging from 10% to 50%—took…

HAL, BEL, Bharat Dynamics among top gainers after green light for drones, radars, and missile systems India’s defence ambitions just got a ₹67,000 crore push—and the stock market noticed. Shares of Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd, and BEML surged Wednesday morning after the Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, approved a slate of big-ticket military procurement proposals. These projects are…

Container traffic at Georgia’s ports surged again this year—even as tariff uncertainty rattled global trade. The state’s port authority logged its second-busiest fiscal year on record, defying economic headwinds with steady growth and ambitious expansion plans. An 8.6% rise in cargo volume at the Port of Savannah helped the Georgia Ports Authority (GPA) outpace every other Southeastern competitor, even amid delayed shipments, auto industry hesitations, and an uneasy truce in…

Historic 15% tariff deal reshapes transatlantic trade, locks in energy and investment windfalls It could’ve turned ugly. With only days to spare before a 30% tariff wall was set to slam into European exports, Washington and Brussels pulled off a massive, face-saving compromise — one with real teeth. The new deal? A flat 15% tariff, $750 billion in EU energy purchases, and $600 billion in investment commitments flowing into the…

In a moment that blended diplomatic decorum with domestic drama, President Donald Trump on Wednesday declared it was “highly unlikely” he would fire Federal Reserve Chair Jerome Powell — hours after reports surfaced that he had recently entertained the idea in private. Trump’s reassurance, delivered during an Oval Office meeting with Bahrain’s Crown Prince Salman bin Hamad Al Khalifa, did little to quiet speculation in Washington and on Wall Street…

Amit Shah on Sunday unveiled two major cooperative initiatives in Gujarat — a new dairy federation and a salt cooperative — both aimed at uplifting farmers and rural workers. At a grand event in Anand, the home turf of India’s dairy revolution, Union home and cooperation minister Amit Shah announced the launch of the Sardar Patel Cooperative Dairy Federation and the Kutch District Salt Cooperative Society. These, he said, would…

With just 48 hours before President Donald Trump’s self-imposed deadline to push his sweeping economic package into law, two Middle Georgia economists are sounding off—one calls it a “disaster,” the other sees a glimmer of fiscal logic. Both agree on one thing: the numbers don’t lie, and they’re big. A Near Miss in the Senate Sparks Heated Debate President Trump’s so-called “One Big Beautiful Bill” cleared the U.S. Senate by…

Vice President JD Vance broke a nail-biter tie in the Senate to push through Trump’s defining economic bill—one that rewrites tax rules, slashes safety nets, and raises the debt limit by an eye-popping $5 trillion. Critics call it reckless. Supporters call it historic. The U.S. Senate passed a sweeping $3.3 trillion tax and spending package late Tuesday night, after hours of high-stakes floor drama and partisan brinkmanship that climaxed with…

India has slapped fresh anti-dumping duties on four key chemicals—three of them from China—in a bid to curb cheap imports and support domestic producers. The move comes amid rising trade tensions and a deepening deficit with its largest import partner. It’s not the first time New Delhi’s taken this route, but the timing—and scale—says a lot about what’s brewing beneath the surface of India’s import policy. Chemicals Under the Scanner:…

Move to double tariffs rattles global markets as White House eyes ‘industry security’ The U.S. is bracing for a new wave of trade tension as President Donald Trump announced plans to double tariffs on nearly all foreign steel and aluminium imports starting Wednesday midnight. The decision will send tariff rates soaring to 50%, setting off alarm bells from Detroit to New Delhi. The new hike targets a vast range of…