The US imposed steep 50% tariffs on Indian goods Wednesday, doubling an earlier 25% levy after New Delhi increased purchases of Russian oil.
The US imposed steep 50% tariffs on Indian goods Wednesday, doubling an earlier 25% levy after New Delhi increased purchases of Russian oil. The move threatens $48.2 billion in exports, hitting labor-intensive sectors like textiles, jewelry, leather, food, and autos hardest, though pharmaceuticals and electronics are spared. Indian exporters warn of job losses and unviable businesses, while Prime Minister Narendra Modi has vowed not to yield to US pressure on agriculture and dairy access. With trade talks stalled, India is preparing reforms to boost domestic demand and diversify exports toward Europe, Africa, and Southeast Asia.
Xi Jinping has spent three years gutting his own military leadership. Five of the seven members of the Central Military Commission – China's supreme military authority – have been purged since 2023, all of whom were handpicked by Xi himself back in 2022.
In this episode of GZERO Europe, Carl Bildt examines how an eventful week in Davos further strained transatlantic relations and reignited tensions over Greenland.
In this episode of "ask ian," Ian Bremmer breaks down the growing rift between the US and Canada, calling it “permanent damage” to one of the world’s closest alliances.
For China, hitting its annual growth target is as much a political victory as an economic one. It is proof that Beijing can weather slowing global demand, a slumping housing sector, and mounting pressure from Washington.