Mark Carney will be sworn in as Canada’s next prime minister on Friday morning (March 14), marking the final day of Justin Trudeau’s more than nine years in power. Governor General Mary Simon will preside over the swearing-in of Carney and his cabinet ministers Friday at 11 am, her office said in a statement. Carney, […]
US market sell-off: Nasdaq enters correction zone, Dow falls 400 points as trade policy flip-flop continues – CNBC TV18
US markets gave up most of Wednesday’s gains and some more as flip-flops over Donald Trump’s trade policy continued, leading to extreme volatility on Wall Street. The tech-heavy Nasdaq fell 2.6%, officially closing in correction territory, which means a 10% fall from the peak. The Dow, which at one point was down nearly 600 points, […]
US Markets Rebound: Dow Jones surges 500 points, Automakers rally on hopes of more tariff relief – CNBC TV18
Benchmark indices on Wall Street saw a rebound on Wednesday in what turned out to be an extremely volatile trading session as investors hoped for more tariff concessions after the White House granted a one-month delay on tariffs to automakers. The Dow Jones gained nearly 500 points after a 1,300-point wipeout over Monday and Tuesday. […]
How the US tariff war could be a blessing in disguise for India – CNBC TV18
US President Donald Trump’s escalating trade war could create market access opportunities for India, according to Amitendu Palit, Senior Research Fellow at the National University of Singapore. As the US moves to impose steep tariffs on agricultural imports, Palit suggests that India, currently negotiating a trade agreement with the US, could leverage this situation to […]
Canada is ready to retaliate against US tariffs, foreign minister says – CNBC TV18
Canada has prepared a sweeping package of counter-tariffs against US-made products, its foreign minister said, after President Donald Trump confirmed that his administration will go ahead with levies against Canada and Mexico on Tuesday. “No room left for Mexico or for Canada,” Trump told reporters on Monday when asked if those two countries could reach […]
Most countries miss UN deadline for new climate targets – CNBC TV18
Many of the world’s biggest polluter nations have missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure following U.S. President Donald Trump’s election. The nearly 200 countries signed up to the Paris Agreement faced a Monday deadline to submit new national climate plans to the U.N., […]
Trump Tariffs | Justin Trudeau to address the nation, says ‘Canada is prepared’ – CNBC TV18
Canada Prime Minister Justin Trudeau addressed the Trump tariffs on Canada in an X post on Sunday, February 2 (IST). “We did not want this, but Canada is prepared. I’ll be addressing Canadians later this evening,” he said. Trudeau also said he met with the Premiers and the Cabinet and would be speaking to Mexico […]
Donald Trump announces 25% tariffs on Canada, Mexico and 10% on China – CNBC TV18
US President Donald Trump on Saturday, February 1 (local time), announced a 25% tariff on Mexico and Canada and 10% tariff on China. The same was done via the International Emergency Economic Powers Act (IEEPA), and the US President cited concerns over illegal immigration as well as smuggling of drugs, such as fentanyl. “We need […]
Trump to announce new tariffs on Canada and Mexico starting March 1, exemptions possible – CNBC TV18
US President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters. The tariff situation remained fluid on Friday and no decision is final […]
Donald Trump is pushing friends and weaker nations to create illusion of strength, says ex-Indian ambassador – CNBC TV18
As incoming United States President Donald Trump lays out his expansionist plans for the future, a significant portion of his rhetoric is being framed as a show of strength. According to Arun Singh, former Indian Ambassador to the US, Trump’s current approach to foreign policy is marked by an attempt to “push his friends, partners, […]