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US earnings from India far outweigh its trade deficit: GTRI

While US President Donald Trump targets India for his country’s trade deficit with India and made it a basis for reciprocal tariffs, if all commercial exchanges between the two countries are taken into consideration, America actually runs a huge surplus with India, according to a study. The US trade deficit with India is close to […]

Trump’s tariff revenue has already topped $22 billion in May

President Trump's tariffs continued to be felt by importers in May with a measure of government receipts for "Customs and Certain Excise Taxes" already topping $22.3 billion this month, according to Treasury Department data. The monthly total is likely to rise only slightly in the coming days, with importers often depositing their tariff duties largely […]

Doge employees hold stock in firms set to benefit from cuts, Democrats allege

Employees of Elon Musk’s “department of government efficiency” (Doge) own lucrative stock in companies that stand to directly benefit from their work gutting federal agencies, Democratic senators have alleged. The potential ethics violations merit an investigation by the justice department and other oversight bodies, urges a letter co-authored by senators Elizabeth Warren of Massachusetts, Ron […]

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