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India.com
6 days ago
- Business
- India.com
India hits jackpot! amid trade war by US, now India surpasses China in…, numbers will shock Pakistan
China was always ahead in terms of exports to various products in the USA and also in the world. Low cost and cheapest products of China are very famous which increases their exports in the world including India. After this month is different for India's export industry, as it has surpassed China in terms of export to the USA. This one is mainly considered as an impact of US-China tariff wars after Donald Trump's move. But it's considered a positive sign for India's exporters. The tariff war between the US and China has become advantageous for India. In May 2025, India's exports increased by 2.8%, reaching $71.1 billion. This growth helped to reduce the trade deficit. According to the Commerce Ministry, India's total exports for May was at $71.12 billion, a 2.77% increase compared to $69.20 billion in May last year. The trade deficit also declined to $6.62 billion, down from $9.35 billion a year earlier. India Surpasses China In Exports To US In a major development, India has overtaken China in exports to the US. China's exports to the US fell by 34.5% in May 2025, while India's exports to the US grew by 17.3%. Globally, however, China's overall exports saw growth, rising by 4.6% to $316.2 billion. China Exports Other Countries To reduce the impact of this decline in exports to the US, China has focused on improving trade ties with other regions, like the European Union, ASEAN, and India. Exports to India grew by 12.4% to $11.13 billion. The growing tensions between the US and China after Trump tariffs, have started the trade war. US President Donald Trump has raised tariffs, to which China has responded with its own tariff hikes that have led to economic tensions. India has however benefited from this trade war wherein exports to the US rose by 17.3% to $8.8 billion majorly by smartphone exports. Decline In Imports India's total imports slightly declined to $60.6 billion. However, non-oil and non-gold imports rose by 12% to $41.2 billion, as per GST data. IGST collections on imports increased by 72.9%, higher from Rs 24,510 crore in May 2024 to Rs 42,370 crore in May 2025. Electronics imports also Increased by 27.5% to $9.1 billion. Whereas machinery and computer imports grew by 22% to $5 billion. Paksitan's export were far less than Indian, according to media reports, In fiscal year 2024-25, Pakistan's exports were $24 billion.
Yahoo
11-06-2025
- Politics
- Yahoo
Kim Kardashian says immigrants in LA suffering 'fear and injustice' thanks to Trump immigration plan
Despite working with President Donald Trump on issues in the past, Kim Kardashian indicated on Friday she does not support his administration's immigration policy. In a recent Instagram post, the reality TV star condemned operations conducted by Immigration and Customs Enforcement (ICE), calling them "inhumane." "When we're told that ICE exists to keep our country safe and remove violent criminals — great. But when we witness innocent, hardworking people being ripped from their families in inhumane ways, we have to speak up. We have to do what's right," she stated in an Instagram story Friday. Trump Admin Asks Scotus To Authorize Rapid Migrant Deportations To Countries Other Than Their Own The Los Angeles native shared the post as her hometown continues to be shaken by violent anti-ICE riots that started last week in response to the federal law enforcement agency detaining illegal immigrants. DHS said ICE raids in L.A. over the weekend resulted in "hundreds of illegal aliens [being] arrested by ICE officers and agents," including "many with a criminal history and criminal convictions." Read On The Fox News App Protests and clashes outside multiple locations in downtown L.A. have grown so chaotic that Trump ordered National Guard troops into the city, followed by several hundred U.S. Marines, to restore order. Some California officials, including Gov. Gavin Newsom, have accused the administration of exacerbating the situation. Rioters Smash Windows At Lapd Headquarters As Anti-ice Agitators Clash With Authorities Despite the attacks on cops and other law enforcement officials by rioters, Kardashian argued in her post that immigrants are dealing with "fear and injustice" at the hands of the federal government. She added, "Growing up in LA, I've seen how deeply immigrants are woven into the fabric of this city. They are our neighbors, friends, classmates, coworkers, and family. No matter where you fall politically, it's clear that our communities thrive because of the contributions of immigrants. We can't turn a blind eye when fear and injustice keep people from living their lives freely and safely." "There HAS to be a BETTER way," Kardashian declared, concluding her post. Click Here For More Coverage Of Media And Culture The celebrity followed that post by sharing a video of pop star Doechii bashing Trump and ICE while accepting the of best female hip hop artist award at the BET Awards on Monday night. During her acceptance speech, the musician stated, "There are ruthless attacks that are creating fear and chaos in our communities in the name of law and order," she said. "Trump is using military forces to stop a protest, and I want y'all to consider what kind of government it appears to be when every time we exercise our democratic right to protest, the military is deployed against us." Despite Kardashian's harsh stance on Trump's immigration agenda, she has had a constructive relationship with him in the past. In 2019, she appeared at the White House alongside Trump to promote his criminal justice reform policies, calling them "magic." By that point, Kardashian had been at the White House several times to discuss criminal justice reform issues and successfully lobbied President Trump to pardon Alice Marie Johnson, who was serving life without parole for drug offenses. The White House did not immediately reply to Fox News Digital's request for article source: Kim Kardashian says immigrants in LA suffering 'fear and injustice' thanks to Trump immigration plan
CNBC
05-06-2025
- Business
- CNBC
Trump speaks with Xi, will resume talks between U.S. and China over tariffs
Key Points President Donald Trump spoke with Chinese President Xi Jinping. Trump and Xi said that trade officials from the U.S. and China will be meeting soon at a to-be-determined location. The call came amid an ongoing trade war between Washington and Beijing. VIDEO02:47 Trump announces more U.S.-China trade talks after 'very good' call with Xi President Donald Trump and Chinese President Xi Jinping spoke Thursday and agreed that officials from the U.S. and China will meet soon for more talks to resolve an ongoing trade war. Trump said he had a "very good" call with Xi for about 90 minutes, which focused "almost entirely" on trade. The call "resulted in a very positive conclusion for both Countries," Trump wrote in a Truth Social post. He said that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will represent the U.S. in the renewed trade talks. Trade officials from the countries last met in May in Geneva, where they agreed to temporarily lower retaliatory tariffs on imports from each other's countries. But the Trump administration has accused Beijing of slow-walking a pledge made in Geneva to approve the export of additional critical minerals, known as rare earths, to the United States. Beijing's Ministry of Foreign Affairs and China's embassy in the U.S. said earlier Thursday that Trump had requested the call with Xi. Trump has reportedly been eager to speak with Xi, as already-strained trade relations between the two countries frayed further in the past week. After Thursday's call, Trump wrote, "There should no longer be any questions respecting the complexity of Rare Earth products." He did not explain what that meant. China has expressed deep frustration with a recent decision to impose new restrictions on Chinese student visas. It has also accused the Trump administration of undermining recent trade progress by issuing an industry warning against using Chinese semiconductors. The Trump administration has also imposed additional export restrictions on chips. The White House claims the actions are required to protect national security, but Beijing views them as punitive. Stocks seesawed Thursday morning on news of the call, which was first reported by Chinese state media. The call "resulted in a very positive conclusion for both Countries," Trump wrote. He also noted that he and Xi did not discuss any matters related to Russia, Ukraine or Iran. The U.S. president added that Xi invited him and first lady Melania Trump to visit China, "and I reciprocated." The impasse between the two economic superpowers — whose trade relationship totaled nearly $600 billion in 2024 — is weighing on Trump's broader tariff regime, which is already having a real-world impact. Thursday's conversation was only the second time this year that the two leaders have held a one-on-one call. Trump and Xi previously spoke on Jan. 17, before the U.S. president's inauguration. Ahead of the latest call, Trump praised Xi in a social media post that also betrayed his frustration. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" Trump wrote early Wednesday morning. China has been a prime target of Trump's efforts to wield steep, unilateral tariffs for the stated goal of recalibrating America's trade relationships with the rest of the world. Trump had ratcheted blanket tariffs on Chinese imports up to 145% in April, even as he temporarily lowered duties on most other countries to 10%. Beijing hiked tariffs on U.S. goods to 125% in retaliation. The tariffs effectively led to a trade embargo. But that logjam appeared to shift in mid-May, after the talks in Geneva that both sides described as successful and productive.
India.com
05-06-2025
- Business
- India.com
Is Xi Jinping scared of meeting Donald Trump? Reports say China is afraid of…, US-China trade war….
US President Donald Trump and Chinese President Jinping Is Xi Jinping scared of meeting Donald Trump? In a significant development amid US-China trade war, US President Donald Trump held a telephonic conversation with Chinese President Xi Jinping on Thursday. Although the White House had only proposed a phone call between the two leaders, Chinese President is reportedly showing reluctance to meet US President Trump. The reluctance is being seen across the world as a negative update as the global markets were expecting something positive. Donald Trump on China 'I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal. The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries. There should no longer be any questions respecting the complexity of Rare Earth products. Our respective teams will be meeting shortly at a location to be determined', US President Trump said on his phone call with the Chinese President. 'We will be represented by Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer. During the conversation, President Xi graciously invited the First Lady and me to visit China, and I reciprocated. As Presidents of two Great Nations, this is something that we both look forward to doing. The conversation was focused almost entirely on TRADE. Nothing was discussed concerning Russia/Ukraine, or Iran. We will inform the Media as to scheduling and location of the soon to be meeting. Thank you for your attention to this matter!', the US President added. Why Jinping is not willing to meet Trump! The reason behind the reluctance shown by the Chinese President to meet Trump is the recent unpleasant behavior shown by US President during his meetings with state leaders of Ukraine and South Africa. If reports are to believed, the Chinese officials fear an embarrassing outcome for Xi without clear assurances from the White House.
Indian Express
05-06-2025
- Business
- Indian Express
Trump and Xi hold phone call focused ‘entirely on trade'; US first couple invited to visit China
US President Donald Trump on Thursday held a lengthy and 'very good' phone call with his Chinese counterpart Xi Jinping, according to a Truth Social post by Trump. The call comes amid renewed trade tensions between the world's two largest economies. The 90-minute conversation was initiated by Trump, as confirmed by China's state-run news agency Xinhua. While the agency did not elaborate on the specifics of the discussion, Trump offered a detailed account on Truth Social shortly after the call concluded. 'I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,' Trump wrote. 'The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries.' Trump said the conversation focused 'almost entirely on TRADE' and clarified that issues such as Russia/Ukraine or Iran were not discussed. A key outcome of the call was an apparent resolution of questions surrounding the complexity of rare earth products, a topic that has become central to escalating trade disputes in recent weeks. 'There should no longer be any questions respecting the complexity of Rare Earth products,' Trump added. The US and China had earlier struck a 90-day agreement on May 12 to roll back certain tariffs imposed during the ongoing trade war that reignited after Trump's January return to the White House. However, tension over critical minerals—including rare earth elements essential to high-tech manufacturing—has persisted, threatening to upend the fragile truce. Trump also announced that teams from both countries would meet soon, at a yet-to-be-determined location, to work out further trade arrangements. Representing the US will be Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer. 'President Xi graciously invited the First Lady and me to visit China, and I reciprocated,' Trump noted, calling it a gesture he looks forward to fulfilling. The White House has not yet released an official statement regarding the phone call, but Trump's post suggests a renewed momentum in US-China negotiations, particularly on trade and rare earths. (With inputs from Reuters)
