NEW DELHI: India has announced a $5 billion plan to strengthen its exports as it struggles to cope with heavy US tariffs. The United States recently imposed 50 percent duties on Indian goods in response to New Delhi’s continued import of Russian oil. Prime Minister Narendra Modi said on Thursday that the government has approved … Read more
Honda Motor Co. has predicted that its operating profit will drop by 59% this financial year. The company expects to earn 500 billion yen (around $3.38 billion) by March 31, 2026, compared to 1.21 trillion yen in the previous year. This big decline is mainly due to the effects of tariffs on foreign-made cars introduced … Read more
The United States has imposed a unilateral 29% tariff on Pakistani exports, citing “reciprocity” over Pakistan’s alleged 58% tariffs on US goods. Pakistan has strongly rejected this move, calling it disproportionate, misleading, and in violation of WTO principles. The decision threatens to destabilize Pakistan’s export-driven industries, particularly textiles and agriculture, placing millions of jobs at … Read more
