Pompeo's observations warrant attention, especially since India and the US have just announced higher tariffs on some items exported from respective countries in a sort-of tit-for-tat action.

Most affected by any such caps would be India's more than $150 billion IT sector, including TCS and Infosys, which uses H-1B visas to fly engineers and developers to service clients in the US

The escalation of trade tension between the US and China has the potential to disrupt the global supply chains and jeopardise the projected recovery in growth in 2019, the IMF warned Thursday, over 10 days after President Donald Trump imposed 25 per cent tariff on USD 200 billion worth of Chinese imports.

Amazon rolls out machines that box customers orders and replace thousands of jobsIn a latest example of machines replacing humans, Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt and envelopes them seconds later in boxes custom-built for each item. Amazon has considered installing two machines at d...

Last week, US raised tariffs on USD 200 billion worth of Chinese imports from 10 per cent to 25 per cent after the 11th round of trade talks held in Washington failed to resolve the trade fight