Indian shares opened slightly lower on Wednesday as China and the United States moved towards an all-out trade war.The White House announced that a sweeping 104 percent tariff imports from China has gone into effect, deepening the economic standoff between Washington and Beijing.U.S. President Donald Trump's "reciprocal tariffs" on all other countries are also set to take effect today. The benchma...
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.