Trump’s 26% tariff on India worse than expected, brokerages warn of GDP hit

Donald Trump’s sweeping 26% tariff on Indian imports has rattled markets and raised concerns over India’s trade outlook, with brokerages warning of a potential hit to economic growth and export viability. The broad-based tariff, described by Macquarie as “ …

Secretary of State Marco Rubio asks NATO allies to chip in with 5% GDP

The United States imported $136.6 billion worth of goods from Vietnam last year, representing nearly 30 percent of its ...

Poland wants to spend 5% of GDP on defence in 2026, minister says

WARSAW (Reuters) - Poland wants to spend 5% of gross domestic product (GDP) on defence in 2026, Defence Minister Wladyslaw Kosiniak-Kamysz said on Thursday after a European Union defence ministers meeting in Warsaw. Galvanised by Russia's invasion of …

Reciprocal Tariffs may lead to slump in global GDP; what happens to Apple exports from India? Swaminathan Aiyar ...

Swaminathan Aiyar, Consulting Editor, ET Now, says the initial actions in what could become a prolonged trade war are just beginning. Retaliation is likely, and further conflicts are expected. As economic troubles deepen, Trump may blame others, predicting …

Trump demands Spain and NATO spend 5% of GDP on defence just a day after instigating a global trade war

THE United States has demanded that Spain and all NATO members commit to a ‘realistic path’ towards spending 5% of their Gross Domestic Product (GDP) on their military. With the current informal target for NATO members being just 2%, it is a huge increase …

Economists assess impact of US tariffs on India's GDP, exports, and interest rates

India's economic growth could slow due to the recent tariff hikes, with Pranjul Bhandari, Chief India Economist at HSBC, estimating a 0.3-0.5 percentage point hit to the gross domestic product (GDP). She explained that the 27% tariff increase across …

Rubio confirms US is ‘going to remain in NATO’ and wants members to achieve 5% of GDP in defence spending

The US Secretary of State Marco Rubio has confirmed that the US President supports NATO and America is an active member within the alliance. Rubio met with NATO Foreign Ministers in Brussels on Thursday and told the NATO chief Mark Rutte the US is “active …

India's GDP to take only 0.1% hit from Trump tariff thanks to 'aatmanirbharta': PHDCCI

India's GDP will likely face a minimal 0.1% reduction in the short term due to the U.S. reciprocal tariffs imposed by President Donald Trump, according to the PHD Chamber of Commerce and Industry (PHDCCI). The industry body attributed this limited …

US reciprocal tariff may shave off India’s GDP by up to 50 bps: Experts

India, however, is likely to be relatively less impacted among Asian economies as other countries have been hit by higher tariff rates or run a larger trade surplus with the US Published Date - 3 April 2025, 04:56 PM New Delhi: The reciprocal tariff …