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EU to target US cars, planes

Financial Express Lucknow

|

May 09, 2025

US PRESIDENT DONALD Trump and British Prime Minister Keir Starmer on Thursday announced a "breakthrough deal" on trade that leaves in place a 10% tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods.

- REUTERS

The agreement announced by Trump from the Oval Office marked the first since Trump triggered a global trade war with a barrage of levies on trading partners following his return to the White House in January.

"It opens up a tremendous market for us," Trump said.

"This is a really fantastic, historic day," Starmer said by teleconference.

The US has been under pressure from investors to strike deals to de-escalate its tariff war after Trump's often chaotic policymaking upended global trade with friends and foe alike, threatening to stoke inflation and start a recession.

Top US officials have engaged in a flurry of meetings with trading partners since the president on April 2 imposed a 10% tariff on most countries, along with higher rates for many trading partners that were then suspended for 90 days.

The US has also imposed 25% tariffs on autos, steel and aluminum, 25% tariffs on Canada and Mexico, and 145% tariffs on China. US and Chinese officials are due to hold talks in Switzerland on Saturday.

Financial Express Lucknow からのその他のストーリー

Financial Express Lucknow

Delhi govt, pvt offices to enforce 50% WFH due to high pollution

DELHI GOVERNMENT OFFICES and all private establishments in the city will function with 50% staff strength, and the rest will work from home under stage three of the Graded Response Action Plan (GRAP) in view of high air pollution levels, according to an order issued on Monday.

time to read

2 mins

November 25, 2025

Financial Express Lucknow

Data show room exists for rate cut: RBI guv

RESERVE BANK OF INDIA (RBI) Governor Sanjay Malhotra said on Monday that the current economic indicators suggest there is a scope for repo rate cut, but a decision on it will be made by the Monetary Policy Committee (MPC).

time to read

1 min

November 25, 2025

Financial Express Lucknow

S&P pegs India GDP growth at 6.5% in FY26

S&P GLOBAL RATINGS on Monday said India’s economy may expand by 6.5% in the current fiscal and 6.7% in FY27, citing tax relief measures and monetary policy easing as key boosters for consumption-driven growth.

time to read

1 min

November 25, 2025

Financial Express Lucknow

Govt readies reforms push in Parliament

THE CENTRE PLANS to push through a dozen major Bills in the upcoming Winter Session of Parliament to speed up reforms and boost investments.

time to read

1 min

November 25, 2025

Financial Express Lucknow

Air India to induct 26 new planes in 2026, says CEO

AIR INDIA GROUP expects 2026 to be the most visible phase of its ongoing overhaul, even as its overall capacity will remain largely unchanged next year due to a simultaneous induction of new aircraft and exit of older ones.

time to read

1 mins

November 25, 2025

Financial Express Lucknow

Distribution biz augmenting brokerage operations’

Young investors should adopt a long-term investment mindset to build sustainable wealth, CJ George, chairman and managing director at listed-brokerage Geojit Financial Services, tells

time to read

2 mins

November 25, 2025

Financial Express Lucknow

'New labour codes unlikely to disrupt IT sector hiring'

Indian enterprises are navigating a decisive moment in regulation, says Sindhu Gangadharan, MD of SAP Labs India and chairperson of Nasscom. In a conversation with Ayanti Bera, she explains how the new labour codes won't disrupt hiring in the IT sector and how domestic firms have been proactive on data privacy, sovereignty, and are ahead of the curve in adopting AI. Excerpts:

time to read

2 mins

November 25, 2025

Financial Express Lucknow

Colgate steps up premium play as demand rebounds

ORAL CARE MAJOR Colgate-Palmolive India is sharpening its focus on premiumisation as urban markets show early signs of recovery, industry executives in the know said.

time to read

1 mins

November 25, 2025

Financial Express Lucknow

Capex cycle stages strong revival in FY26: CareEdge

INDIA'S CAPITAL EXPENDITURE landscape is witnessing a broad-based revival, with improvements across the public and private sectors, setting the stage for sustained economic momentum in FY26 and beyond, CareEdge Ratings said in a report.

time to read

1 mins

November 25, 2025

Financial Express Lucknow

Honasa bets on core segments

AIMS TO LIFT SALES CONTRIBUTION TO 85-90% & EXPAND EBITDA BY 100 BPS

time to read

1 mins

November 25, 2025

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