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“We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” the ambassador to India was quoted as saying by China’s state-run Global Times, in a story posted Monday. Bilateral trade between the neighbors stood at $101.7 billion in 2023-24, according to India’s trade ministry, with India running a significant deficit. India’s main exports include petroleum oil, iron ore, marine products and vegetable oil, amounting to $16.6 billion, according to the government figures. The envoy’s remarks were to mark the 75th anniversary of the diplomatic ties. US President Donald Trump, who is set to roll out reciprocal tariffs Wednesday on countries around the world, has called out China and India for trade practices that he sees as unfair.

Subscribe to enjoy similar stories. When Donald Trump announced his bid for reelection in November 2022, the 45th President of the US relied on promises of sweeping reforms to win the American people over. Among these promised reforms was the idea of increasing tariffs.

European Union has a «strong plan» to retaliate against tariffs imposed, and set to be imposed, by U.S. President Donald Trump, although it would prefer to negotiate a solution, EU executive chief Ursula von der Leyen said on Tuesday. The Trump administration put in place tariffs on imported steel and aluminium in March and higher duties on cars will take effect on Thursday. Trump will also set out plans for «reciprocal tariffs» on Wednesday. Von der Leyen said she understood U.S. arguments that others had taken advantage of global trade rules, adding the EU had suffered too. She also said she understood the U.S. wanted to re-industrialise, as does the EU. However, she said U.S. tariffs were taxes on its consumers that would fuel inflation and make American factories pay more for components, costing jobs. «Our objective is a negotiated solution. But of course, if need be, we will protect our interests, our people, and our companies,» von der Leyen said in a speech to the European Parliament in Strasbourg.

India and Chile on Tuesday decided to start negotiations on a mutually beneficial comprehensive economic partnership agreement as Prime Minister Narendra Modi hosted Chilean President Gabriel Boric Font for wide-ranging talks focusing on boosting bilateral ties in diverse areas. Boric is on a five-day state visit to India to explore ways to shore up bilateral cooperation in a number of areas, including trade and defence. «Today, we have directed our teams to begin discussions on a mutually beneficial comprehensive economic partnership agreement,» Modi said in his media statement after the talks. Partnership in the field of critical minerals will be explored, he said. The prime minister said work will also be done to establish resilient supply and value chains.

domestic passenger vehicles sales at 48,048 units in March, as compared to 40,631 units in the same month last year. For the fiscal 2024-25, the total domestic passenger vehicles (PV) sales were at 5,51,487 units, as against 4,59,877 units in 2023-24, a growth of 20 per cent, Mahindra & Mahindra (M&M) said in a statement. The company said its overall PV sales in March was at 50,835 units, including exports. The domestic sales for commercial vehicles stood at 23,951 units last month, it added.

In the letter, the co-founder addressed the changing and ever demanding state of global markets and economics up top, stating that from virtually «every client, nearly every leader – nearly every person – I talk to, they are more anxious about the economy than any time in recent memory». The Big Question: How are you managing concentration risk? His words come just days before US President Donald Trump is set to enact a swathe of currently unknown tariffs, adding to the long list he has already brought out against his country's major trading rivals and allies. Th policies have swep...

Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and Mediterranean, said people familiar with the matter. The trading cycle for barrels delivered next month is typically concluded in early March. On Sunday, Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine. The comments drove benchmark futures higher, with West Texas Intermediate surging 3.1% on Monday, the biggest gain in almost 11 weeks.

«People are asking me to run,» Trump told reporters in the Oval Office when asked about the possibility of a third term. «I don't know. I never looked into it. They do say there's a way you can do it, but I don't know about that, but I have not looked into it,» Trump said. Trump was asked about the prospect of a race pitting him against former president Barack Obama, who served two terms. «That would be a good one, I'd like that,» Trump said.

Subscribe to enjoy similar stories. President Trump says he isn’t joking about considering a third term in office. The Constitution forbids him from running again, but the notion that he could legally extend his presidency isn’t entirely laughable either, according to some legal scholars.

Subscribe to enjoy similar stories. WASHINGTON—President Trump said that he had settled on a plan for his latest batch of tariffs expected this week but didn’t reveal what he had decided, after his economic team struggled to coalesce around a remade U.S. trade strategy.

The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022, as President Donald Trump rolled out a swathe of new tariffs which raised fears of a global trade war that would hurt economic growth and spur inflation.

Sunita Williams, whose father hails from India, has returned to Earth after an unexpected 278-day stay aboard the International Space Station (ISS). During her first press conference post-return, Williams and fellow astronaut Butch Wilmore shared insights on everything from their experience in space to the future of Boeing’s Starliner spacecraft. Amid political tension and the public’s curiosity, Williams offered a unique perspective on her journey, expressing deep gratitude for her mission and shedding light on her future plans, including a visit to India.

The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers brace against U.S. President Donald Trump's tariffs. Japan and South Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and South Korea, the account, Yuyuan Tantian, said in a post on Weibo. All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said. During Sunday's meeting, the countries' trade ministers agreed to «closely cooperate for comprehensive and high-level» talks on a South Korea-Japan-China free trade agreement deal to promote «regional and global trade», according to a statement released after the meeting.

Global stocks were poised to endure another rocky session on Tuesday as concerns around President Donald Trump’s looming tariff rollout continued to whipsaw markets. Shares in Australia, Japan and South Korea opened higher while US equity-index futures dropped in early Asian trading. The S&P 500 climbed for the first time in four sessions, though US shares still notched their worst quarter compared to the rest of the world since 2009. As equities bounced, bonds moved away from session highs.

Subscribe to enjoy similar stories. US President Donald Trump has imposed a stiff 25% tariff on imported cars, trucks and parts that go to make them. The move, ostensibly, is to revive domestic manufacturing.

Subscribe to enjoy similar stories. New Delhi: A string of measures in the field of information technology has suddenly pivoted India into a friendlier place for American Big Tech firms to do business in—moves that policy stakeholders believe are timely and useful, given US president Donald Trump's impending tariff hikes.

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades

Chirag Paswan's Lok Janshakti Party (Ram Vilas) on Monday blamed his estranged uncle and political rival Pashupati Kumar Paras for alleged mistreatment meted out to his late father's first wife. According to LJP(RV) state president Raju Tiwari, the wives of Paras and his deceased younger brother Ram Chandra Paswan recently tried to evict Rajkumari Devi from their ancestral house in Khagaria district of Bihar. The Union minister's late father Ram Vilas Paswan had tied the knot with Rajkumari Devi more than 20 years before marrying his mother Reena, who was based in Delhi. According to Tiwari, «As soon as our national president learnt of the episode, he asked his nephew Prince Paswan to visit their ancestral village Sahar Banni and take stock of the situation.» «We have been told that the room allotted to Rajkumari Devi has been locked and she is being asked to leave. Paras, who claims to worship late Paswan, is behind the humiliation of bhabhi (sister-in-law), who is old and does not enjoy good health. But, we stand in her support,» said Tiwari. No complaint has, so far, been lodged with the police in this regard and Paras, who heads the Rashtriya Lok Janshakti Party, could not be reached for comments.

What matters now is the reaction of the other three key players to this latest move by the mercurial and inconsistent U.S. leader. Do Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping believe that Trump will actually follow through, and if he does what will it mean for their energy situation?

Nokia will upgrade and expand Vodafone Idea optical transport network across key metro and circle locations in India, the company said on Monday. Nokia is among three vendors selected by Vodafone Idea for the Rs 30,000 crore network expansion plan. «Nokia's innovative optical solutions align perfectly with our goal to enhance customer experience and ensure robust network readiness for future demands. »With Nokia's advanced optical network solutions, we are excited to build an agile, high-capacity and future-ready network that will support India's digital transformation and drive innovation across sectors," Vodafone Idea chief technology officer Jagbir Singh said in a statement.

White House is to be cut down. US President Donald Trump has planned to take down the historic Southern Magnolia tree at the White House, which was said to have been planted by Andrew Jackson, as per reports. The tree, which has lasted for generations, will be replaced by another one. The wood will be saved for historical use, but the decision has received varied reactions. Folklore states that Andrew Jackson planted two trees in memory of his late wife, Rachel.