The week in charts: Import shock, budget plans, tax trends

Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s…

Donald Trump threatens ‘reciprocal’ tax on India: ‘If India charges us 100%…’

United States President-elect Donald Trump has threatened to impose retaliatory taxes on countries like India and Brazil as “reciprocation” of “high tariff” imposed by them on import of certain American…

Temu tops US iOS downloads for 2nd year amid greater scrutiny of China firms

Jaque Silva | Nurphoto | Getty Images Temu, the popular e-commerce app owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on its U.S. iOS…

German auto giants brace for Trump’s tariff threats

Republican Presidential candidate, former U.S. President Donald Trump speaks to attendees during a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia. Brandon Bell |…

IBLA 2024: US-India ties stronger than ever, says Piyush Goyal; next 4 years are going to be great

Union Commerce and Industry Minister Piyush Goyal has reaffirmed the growing strength of the US-India ties, highlighting the deepening relationship between the two countries across trade, investment, and strategic sectors.…

Trump picks Peter Navarro as top trade advisor

Peter Navarro, former Director of the U.S. Office of Trade & Manufacturing, gestures as he speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in…

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar

Officials, including Chinese President Xi Jinping, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, attend the BRICS summit in Kazan, Russia October 23, 2024.  Alexei Danichev | Reuters…

Tungsten mine opens in Korea as U.S. seeks non-China critical minerals

Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters BEIJING — China will start limiting exports…

Maersk unveils latest ‘dual-fuel methanol vessel’

The container ship Gunde Maersk docked at the Port of Oakland on June 24, 2024, in Oakland, California. Justin Sullivan | Getty Images SINGAPORE — Denmark-based shipping and logistics giant…

Trump tariffs threaten to hobble Slovakia’s thriving car industry

Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images A small landlocked country…