Trade

Iran's semi-official Tasnim news agency, describing the waterway as effectively shut, said the country's Revolutionary Guard warned ships that transiting Hormuz is not safe.

The government wants to wait as long as four months before reviving litigation before the US Court of International Trade on the refund question.

Goyal said they engaged in "very fruitful discussions" to expand trade links after the two countries agreed to a pact.

The IMF expressed concern about the fed govt's debts, which it sees rising steadily from just under 100% of US GDP last year to almost 110% by 2031.

He repeatedly suggested the changes would not result in a larger cumulative rate for certain economies with trade agreements, a positive signal for the EU, UK and others which faced a higher tariff burden under a blanket 15% levy.

Under a joint declaration, both organisations reaffirmed their commitment to safeguarding consumer health and promoting ethical, responsible practices across the supply chain.

Prime Minister Narendra Modi's two-day Israel trip will focus on reviewing bilateral cooperation and strengthening the long-standing strategic partnership between the two countries.

Solar imports from India in 2024 were valued at $792.6 million, more than 9 times the value in 2022, according to the Commerce Department.

Even in a best-case scenario, where tariffs eventually settle below the rates in place before Feb. 20, there will be plenty of trade uncertainty and logistical mess.

Chinese exporters will be banned from selling dual-use goods, which can be used both for civilian and military purposes, to 20 Japanese companies, according to a statement by China's Commerce Ministry.

Omani Foreign Minister Badr Albusaidi said on X that the US-Iran negotiations "are now set for Geneva this Thursday, with a positive push to go the extra mile towards finalising the de

It's 'critically important' to have clarity about the future of the trade relationship, Lagarde told CBS's Face the Nation.

Trump's new tariffs will be based on Section 122 of the 1974 Trade Act, which allows the president to impose tariffs for 150 days without congressional approval.

Neal Katyal, a former Acting Solicitor General of the United States, argued against US President Donald Trump’s tariffs in the Supreme Court.

US purchases of goods from China plunged almost 44% in December from a year earlier to $21.1 billion, Commerce Department data showed Thursday.

Japan plans to invest $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump.

India's non-marine agri exports are valued at $1.3 billion in surplus from the US, while the former exports agricultural products worth $2.8 billion and imports worth $1.5 billion.

US President Donald Trump, while announcing a trade deal with New Delhi early in February, claimed India had agreed to not procure crude oil from Russia.

Venezuela is unlikely to produce large volumes of crude anytime soon, but even limited supplies provide a fallback option for India's largest refiner.

The MSCI Asia Pacific Index dropped for the first time in six sessions with losses in Japan, while South Korean stocks edged a little higher.