TRUMP ECONOMY
MAGA may make for great politics, but so far it’s been bad geopolitics
The India-US relationship faces challenges under Trump's 'MAGA' approach, marked by trade disputes and perceived ally humiliation. Despite tensions, India strategically engages with other nations while keeping communication channels open with Washington.
Brazil's Lula calls for tighter trade ties for BRICS as tariffs bite
President Lula da Silva asserted that increased trade and financial cooperation within the BRICS nations would serve as a buffer against rising protectionism. He criticized the use of tariffs as tools for market dominance and interference, echoing concerns shared by other BRICS leaders regarding unfair trade practices.
Will the court roll back Trump tariffs? Odds are high
The US Supreme Court will soon decide on the legality of tariffs imposed by the Trump administration. A ruling against Trump could force the government to refund billions to American companies. Treasury Secretary Scott Bessent acknowledges this possibility. The court's decision will impact Trump's trade legacy and presidential power. Trump may face global embarrassment if the court rules against him.
Kremlin says sanctions will never force Russia to change course
The Kremlin declared that sanctions would not alter Russia's stance on Ukraine, despite potential new measures from the U.S. and EU. While Russia's economy has shown resilience, defying Western predictions, Putin insists on continuing his "special military operation" if diplomatic solutions fail. The EU is coordinating with the U.S. on further sanctions, even as Russia prefers diplomatic resolutions.
In rebound from Trump blows, India has few choices
Nearly 20% of Indian exports go to the US, according to the World Bank.
Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran
India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.
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'Trump Whisperer' ex-minister joins Japan PM race
Toshimitsu Motegi, a former foreign minister known as the "Trump Whisperer," has entered the race to succeed Shigeru Ishiba as Japan's leader. The LDP seeks a unifying figure to address economic challenges like rising prices and US tariffs, along with an aging population and national debt. Other potential candidates include Sanae Takaichi and Shinjiro Koizumi.
China's August exports growth slowest in 6 months, missing forecasts
China's export growth faced a slowdown in August. It missed the expected targets. This was the slowest pace since February. Imports also remained below forecast. Weakened shipments to the United States impacted the growth. Experts suggest further fiscal stimulus in the fourth quarter. The trade surplus was recorded at $102.3 billion. Analysts are closely monitoring potential additional fiscal support.
Trump ready for second stage of sanctions against Russia or its oil buyers
US President Trump expressed his readiness to escalate sanctions against Russia, signaling a potential shift towards a more assertive stance due to ongoing frustrations with the conflict in Ukraine. While he has previously threatened further sanctions, Trump has held back while pursuing diplomatic talks. His recent remarks suggest a move towards a more aggressive approach, though specifics remain unclear.
Economic pressure could bring Russia to negotiating table, Bessent says
U.S. Treasury Secretary Scott Bessent believes increased economic pressure from the U.S. and Europe could force Vladimir Putin to negotiate peace with Ukraine. Bessent stated the Trump administration is ready to escalate sanctions, including secondary tariffs on nations purchasing Russian oil, to cripple Russia's economy.
'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: Bessent
US Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
'Build, baby, build': Canada PM's plan to counter Trump
Prime Minister Mark Carney's "Build, baby, build!" plan aims to revitalize Canada's economy amidst Trump's trade war. The new Major Projects Office will fast-track infrastructure projects, including ports, highways, and potentially a controversial oil pipeline.
Will Trump have to run from the economy?
President Trump faces economic headwinds as lackluster job numbers and rising inflation threaten his political standing ahead of the midterm elections. A recent poll indicates a significant drop in his economic approval rating, with voters prioritizing inflation concerns.
US Treasury Secretary Bessent calls for big changes at Fed
U.S. Treasury Secretary Scott Bessent has urged a thorough review of the Federal Reserve, questioning its interest rate authority. He criticized the Fed's policies for allegedly fueling inflation and benefiting the wealthy, advocating for a shift in focus towards its core mandate.
Rawalpindi Espresso, Pak-style 'autostrat'
Asim Munir's meetings with Donald Trump and Xi Jinping highlight Pakistan's strategic autonomy. Pakistan maintains relationships with both China and the US. This approach faces criticism, especially from the US. Pakistan's economic challenges and ties to groups with terror links are noted. Rawalpindi-Islamabad serves as a strategic tool for Beijing and Washington.
US recession soon? Economists alarmed as 22,000 jobs added in Aug, unemployment at highest in nearly four years
The US added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the previous month. The unemployment rate ticked up to 4.3%, but it remained at a historically low level. Economists have sounded alarm over job markets in US, fuelling speculation whether US is close to a recession.
You can't talk to India, China like that: Putin to US
Vladimir Putin has warned the United States against employing tariffs and sanctions as a means of exerting pressure on India and China, emphasizing that such tactics are remnants of a bygone colonial era. Putin highlighted the significant populations and robust economies of both nations, suggesting that the U.S. should reconsider its approach to international relations with these major powers.
Trump signs order to lower US tariffs on Japan autos to 15%
Donald Trump, the US President, signed an order. This order lowers tariffs on Japanese autos. Japanese autos will now face a 15-percent tariff. Earlier, it was 27.5 percent. Many other goods will also have a 15-percent cap. This is a win for Japan. The changes apply retroactively to goods shipped from August 7.
Asia export hubs show robust activity despite Trump tariffs
Trade deals, central bank easing, and domestic growth are helping to insulate Asian economies, leading to upgraded growth forecasts and optimistic investor sentiment.
Trump pressures European leaders over Russian oil purchases, White House official says
President Trump, in a combative call with European leaders and Zelenskiy, urged Europe to halt Russian oil purchases, accusing them of funding Moscow's war in Ukraine. He also pressed Europeans to exert economic pressure on China for supporting Russia's war efforts. Trump questioned the seriousness of security guarantees for Ukraine while European nations continue to fuel Russia's economy.
Trump branded ‘Satan’? South Park episode leaves viewers stunned and worried
The new South Park episode shocked fans with bold jokes on Donald Trump and surprising uncensored swearing. The show mixed politics, humor, and chaos in its own style. Viewers talked online about Trump, Satan, and the use of curse words. The episode sparked questions about TV rules and streaming platforms where South Park now airs.
Imposed tariffs against India for purchasing Russian energy products: Trump admn tells Supreme Court
The Trump administration has imposed tariffs on India for buying Russian energy. These tariffs are a response to Russia's war in Ukraine. The US Supreme Court is reviewing the legality of these tariffs. The administration argues they are crucial for peace and economic prosperity. India views the tariffs as unjustified and is taking steps to protect its interests.
We get along with India, but they kill us with tariffs: Trump
"No, we get along with India very well," Trump said in the White House on Tuesday in response to a question on whether he is considering taking away some of the tariffs imposed on India. He also said that India kills the US with tariffs and the country has now offered "no tariffs" to America, Trump said. "They have tariffs against us. China, which kills us with tariffs. India kills us with tariffs. Brazil kills us" with tariffs, Trump said during an interview late on on Tuesday.
Why US government is facing the risk of a shutdown and what services would be affected
US lawmakers return to address critical issues, including the looming government funding deadline at the end of September. A shutdown could furlough federal workers and disrupt services if Congress fails to act. Tensions between Democrats and Republicans, amplified by President Trump's policies and spending cuts, complicate reaching a bipartisan agreement, with potential economic consequences if a prolonged shutdown occurs.
The Intel stake may be Trump's corrupt spin on industrial policy
The Trump administration's investment in Intel and other firms sparks debate about government regulation through equity. Concerns arise over the President's centralized power and potential abuse of authority, contrasting with historical models of checks and balances. The focus shifts from industrial policy to the erosion of administrative independence and legal safeguards against executive overreach.
PM Modi calls out 'economic selfishness' of other nations; lauds India's GDP growth
Prime Minister Narendra Modi on Tuesday hailed India’s 7.8% GDP growth in Q1 FY26, saying the country has remained resilient amid global uncertainties and “economic selfishness.” He described the growth as broad-based and visible across all sectors, saying it strengthens India’s path to becoming the world’s third-largest economy.
SCO Summit optics misleading; China still a strategic rival, warns Swaminathan Aiyar
Donald Trump's claim about India agreeing to reduce tariffs to "almost nothing" has been dismissed by economist Swaminathan Aiyar as unpredictable rhetoric. Aiyar argues that Trump's tariff war is more about geopolitics, stemming from India's stance on Russia and oil imports. Despite external pressures, India's economy shows resilience, with GDP growth surpassing expectations, indicating a capacity to withstand tariff pressures.
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