A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.
China chose swift retaliation for trade measures in the first Trump administration, but that led to an upward spiral of trade measures and much broader tariffs.
Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing Indiaβs drive to become a developed economy.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
The companies have found plenty of new channels to the U.S. market β demonstrating the potential limits of the tariffs Donald Trump has promised to impose.
Russia has assembled a fleet of hundreds of vessels to covertly ship its oil. With so many ships at sea, the idea of using some to cause havoc may be proving irresistible to the Kremlin.