Udit Misra

2 days ago | indianexpress.com | Udit Misra

After two days of high-level negotiations in Geneva, Switzerland, the United States and China on Monday announced a 90-day pause in their trade war, suspending the high tariffs and non-tariff barriers that the two countries had put in place after April 2. ARTICLE CONTINUES BELOW VIDEOIn a joint statement, the US and China said they were committed to establishing “a mechanism to continue discussions about economic and trade relations”. What were the tariffs until now?

4 days ago | indianexpress.com | Udit Misra

The Executive Board of the International Monetary Fund (IMF) on Friday (May 9) decided to allow for “an immediate disbursement” of $1 billion (around Rs 8,500 crore) to Pakistan. This disbursal was done as part of IMF’s Extended Fund Facility (EFF) to Pakistan. The 37-month EFF was approved on September 25, 2024 and provides for a total disbursement of $7 billion to Pakistan. The latest tranche brings the total disbursements under the arrangement so far to about $2.1 billion.

6 days ago | indianexpress.com | Udit Misra

On May 8, the UK became the first country to strike a trade deal with the US since the announcement of US President Donald Trump’s reciprocal tariffs on April 2. It was a special day for the UK and US to come together, as British PM Sir Keir Starmer reminded, since it was the 80th anniversary of VE Day or the day when Allies accepted the unconditional surrender of Germany in World War 2.

1 week ago | indianexpress.com | Udit Misra

At the start of the year, most analysts expected anywhere between 2 to 4 cuts of 25 basis points in 2025. That’s because at that time the economic activity was growing robustly, unemployment rate was near target and inflation was aligning with Fed’s 2% target for the medium term. In other words, had it not been for Trump’s policies, the US Fed would have cut interest rates.

1 week ago | indianexpress.com | Udit Misra

The US trade deficit — the key variable that led Donald Trump to slap sweeping tariffs across the world — widened further in March and, in fact, hit a record high of $140.5 billion. The US trade deficit is the net result of exports and imports of goods and services for any particular month. This is ironic, as Donald Trump’s open threat since he was running the presidential campaign had been that he would impose punitive tariffs in a bid to erase the US trade deficit.