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US trade gap widens; India deficit at $58bn

Washington: The US trade deficit widened sharply in December, capping a year in which America’s goods gap with India reached $58.2 billion. The goods and services deficit rose to $70.3 billion in December, up from $53.0 billion in November, revised, the U.S. Census Bureau and...

Yojna Patel

India rejects proposal for third category of UNSC membership

United Nations: India has rejected proposals for a third category of membership in the Security Council that would have longer terms, be eligible for re-election and be a substitute for expanding permanent membership, calling it a ploy to delay reforms. India’s Deputy Permanent Representative Yojna...

Tariff

US Supreme Court strikes down Trump’s sweeping tariffs

Washington: The Supreme Court struck down President Donald Trump's far-reaching global tariffs Friday, handing him a significant loss on an issue crucial to his economic agenda. The 6-3 decision centres on tariffs imposed under an emergency powers law, including the sweeping "reciprocal" tariffs he levied...

 

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