Bihar Conclave 2025

US-China Trade

US President Donald Trump has announced a plan to impose a 100% tariff on all imported semiconductors and chips in a bid to bolster domestic manufacturing and reduce reliance on foreign suppliers.

The Indian stock market opened flat on Monday, with the Sensex above 84,000 and modest gains in PSU bank and IT stocks.

India exported nearly 3 million iPhone to the US in April, marking a 76% year-on-year surge, according to a report.

JP Morgan has turned bullish on emerging markets, selecting India, the Philippines, Brazil, Chile, Greece, Poland, and the UAE as top picks.

US and China agreed on Monday to a 90-day rollback of tariffs, effective from May 14, the Treasury Secretary made the announcement.

California Governor Gavin Newsom has sued the Trump administration over 'unlawful tariffs' affecting the economy.