Trade
Trump says U.S. and India reached trade deal, will lower tariffs immediately
The U.S. and India have reached a trade deal and will immediately move to lower tariffs on each other’s goods, President Donald Trump announced Monday. Prime Minister Narendra Modi also agreed to buy American products “at a much higher level” as part of the agreement, Trump said in a Truth Social post following a call […]
Read More
Is ‘America First’ starting to backfire as Washington’s allies go it alone?
Members of President Donald Trump’s cabinet, including Energy Secretary Chris Wright, Commerce Secretary Howard Lutnick, Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, listen to Trump address the World Economic Forum (WEF) in the Davos Congress Center on Jan. 21, 2026 in Davos, Switzerland. Chip Somodevilla | Getty […]
Read More
How Trump’s tariffs, and forced labor, led China to new record trillion-dollar trade surplus: Supply chain data
Labors work at a factory’s workshop in Huaying, Sichuan province of China. Getty Images China’s recent record $1.1 trillion trade surplus showed that despite President Donald Trump’s efforts to use tariff policy to slow China’s manufacturing export strength, the geopolitical and economic rival has not only found global workarounds, but thrived. Trade and supply chain […]
Read More
Trade balance soared 94% in November and was higher than a year ago, despite tariff efforts
A boat moves past a cargo ship with containers at a terminal of the Yantian port in Shenzhen, Guangdong province, China October 30, 2025. Tingshu Wang | Reuters The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s […]
Read More
India bets on up to 7.2% growth next year, outpacing most major economies
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies. The world’s fourth-largest economy is targeting this growth on the back of a […]
Read More
CNBC’s Inside India newsletter: EU edges out U.S. in getting India to slash auto tariffs, but can European carmakers win big?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. New Delhi-based tech startup founder Ashita Gupta loves her cars. With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. It […]
Read More
South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.
Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images South Korean memory giant SK Hynix announced Wednesday that it will set up a new U.S.-based company focused on artificial intelligence solutions, committing at least $10 billion as it seizes on new AI growth engines. The new […]
Read More
China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say: Reuters
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg […]
Read More
Canada’s Carney to Trump: ‘I meant what I said in Davos’
Canada’s Prime Minister Mark Carney speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, Jan. 27, 2026. Patrick Doyle | Reuters Canadian Prime Minister Mark Carney on Tuesday denied Treasury Secretary Scott Bessent’s claim that, in a private call with President Donald Trump, he had backtracked on some […]
Read More
This is what’s in the India-EU trade deal — and who stands to gain
India’s Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa in New Delhi, India, on January 27, 2026. Sajjad Hussain | Afp | Getty Images India and the European Union have finalized a trade deal that would remove or reduce […]
Read More