US-Iran war strikes structural blow to Pakistan’s economy

IANS | May 5, 2026 1:19 PM

New Delhi, May 5 (IANS) The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast depreciating currency.

Trump pushes tariffs, targets China

IANS | May 5, 2026 7:23 AM

Washington, May 5 (IANS) US President Donald Trump said tariffs would remain a central tool of US trade policy, signalling tougher measures against China and other countries he accused of undercutting American businesses.

Trump calls small firms US ‘backbone’

IANS | May 5, 2026 6:47 AM

Washington, May 5 (IANS) US President Donald Trump said small businesses are the “lifeblood of the American economy”, highlighting tax cuts, deregulation and tariffs as key drivers of growth during remarks at the White House.