Apple moving to make most iPhones for US in India rather than China, source says
Apple aims to make most of its iPhones sold in the United States at factories in India by the end of 2026, and is speeding…
Safran says China to exempt jet engines and parts from tariffs
China has decided to grant exemptions from import tariffs for some aircraft parts, including jet engines, the head of French engine maker Safran said on…
Japan is a test case for Trump’s tariff deals. But talks may be tortuous
When Tokyo's top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a…
US pharma tariffs would raise US drug costs by $51 billion annually, report finds
A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9%…
US-China trade war to give fresh impetus to India-Europe corridor project?
The project was launched on the sidelines of the G20 summit in New Delhi in September 2023 by seven heads of state from India, the…
S&P Global Ratings: Maintains corporate default forecasts, but risks are rising
Recent increases in market volatility related to tariffs have raised fears for growth and higher corporate default rates, S&P Global Ratings said in the "Corporate…
US business lobby in China: Some pharma firms reporting tariff exemptions
Pharmaceutical companies in China are reporting that they have been able to import some drugs over the past week with tariff exemptions, the Beijing-based American…
China exempts some goods from US tariffs to limit trade war pain
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified,…
India plans incentives for steelmakers to drive decarbonisation, secretary says
India is chalking up a host of incentives to spur production of green steel and drive local steelmakers' decarbonisation efforts, the federal steel secretary said…
Oilfield services provider SLB misses profit estimates on international weakness
SLB missed analysts' estimates for first-quarter profit on Friday, as a slowdown in demand in Latin America for its oilfield equipment and services dragged its…
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