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Tariffs, tax cuts, energy: What is in Donald Trump's economic plan?

Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost coffers and exert pressure on other countries.

Donald Trump has vowed a 10 percent to 20 percent across-the-board tariff on imports and a 60 percent rate on Chinese goods -- more recently threatening a 200 percent levy on automobiles made in Mexico.(Getty Images via AFP)
Published on Oct 13, 2024 10:49 PM IST
AFP | | Posted by Shweta Kukreti

Tariffs, tax cuts, energy: What is in Trump's economic plan?

Donald Trump's push for tariffs to boost US manufacturing is fraught with risks, as experts predict increased inflation and higher consumer costs.

Republican presidential nominee former President Donald Trump arrives for a campaign rally at Grand Sierra Resort and Casino, (AP)
Published on Oct 13, 2024 01:36 PM IST
AFP | | Posted by Aditi Srivastava

Trouble for China's economy as inflation falls and why that's a problem

Weak consumption and a rapid rise in output have led to intense price wars in sectors including electric vehicles and solar

Chinese President Xi Jinping delivers his speech at a dinner marking the 75th anniversary of the founding of the People's Republic of China, at the Great Hall of the People in Beijing, Monday, Sept. 30, 2024.(AP)
Published on Oct 13, 2024 11:57 AM IST
Bloomberg |

US inflation reaches lowest point since February 2021

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago.

In the US, Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021. (Bloomberg)
Published on Oct 10, 2024 06:49 PM IST
AP | | Posted by Shweta Kukreti

DA hike for central govt employees may come soon after Union Cabinet meeting

The previous DA hike of 4% was announced in March, and was effective from January 2024

DA is applicable to all the currently serving employees while DR is appplicable to all pensioners. Both are to adjust the salary or pension to the increasing cost of living, driven by inflation.(Reuters)
Published on Oct 09, 2024 01:50 PM IST
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