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Dhaka last week also signed an initial agreement with US wheat growers to import 700,000 tonnes of the grain annually over five years
Donald Trump and EU chief von der Leyen agree to 15 per cent tariffs on most EU goods, avoiding a 30 per cent hike; deal includes zero tariffs on select items, major energy buys, but key gaps remain
Indian Rupee today: The domestic currency opened 4 paise higher near the one-month low mark of 86.47 against the dollar on Monday
Our daily wrap of today's Opinion page traverses the India-UK FTA, what the RBI needs to do to make the financial inclusion index more transparent, US tariffs, and the Jane Street affair
Markets have already scaled a wall of worry - from tariff tensions and border skirmishes to unrest in West Asia, says Arora
The question is how much this shift in mindset can be applied now to other trading partners, particularly the European Union (EU)
It should be noted that most developing countries that have sought to negotiate Mr Trump's threatened tariff rates downwards have had limited success
Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit. On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU. He said the deal would have to buy
Open access to US and EU markets will make India a highly attractive destination for global investors, says Finance Commission Chairman Panagariya
The two leaders have struck up an unlikely partnership this year, with Trump repeatedly commenting on their positive working relationship in spite of the Starmer's left-wing politics
While India has signed a trade agreement with the UK, D-Street's focus remains firmly on the prospective trade deal between New Delhi and Washington.
Increased customs revenue produced a surplus budget for America in June
Chinese smartphone exports to the US plunged 71% in June, despite a 45% drop in average prices amid tariff tensions
In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key waypoint in a convoluted global shuffle
Japan's broad Topix index, which had jumped more than 5 per cent over the previous two sessions to reach an all-time high, pulled back 0.7 per cent
New US tariffs starting August 1 will range from 15% to 50%, with tougher terms for nations with strained ties; India pursues interim pact amid deadline pressure
Sensex Today | Stock Market close highlights on Thursday, July 24, 2025: In the broader markets, the Nifty MidCap 100 index, and the Nifty SmallCap 100 index dropped 0.58 per cent and 1.09 per cent
The European Central Bank will likely hold off on making another interest rate cut Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs. The ECB has already cut rates eight times since June of last year and President Christine Lagarde said after the last policy meeting June 5 that the central bank is getting to the end of a monetary policy cycle." The monetary authority for the 20 countries that use the euro currency has been lowering rates to support growth after raising them in 2022-2023 to snuff out inflation caused by Russia's invasion of Ukraine and the rebound after the pandemic. With the bench mark rate now at 2 per cent, down from a record high of 4 per cent, analyst think there could be one more rate cut coming, but only in September. The reason, say analysts: The ECB's policymakers simply don't know the outcome of talks between the EU's executive commission and the Trump administration. Trump first set a 20 per cent tariff
India Rupee today: The domestic currency opened 9 paise higher at 86.33 against the dollar on Thursday
US automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with no US content, said Matt Blunt, president of the American Automotive Policy Council, which represents the Big 3 American automakers, General Motors, Ford and Jeep-maker Stellantis. Blunt said in an interview the US companies and workers definitely are at a disadvantage because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020. The domestic automaker reaction reveals the challenge of enforcing policies across the world economy, showing that for all of Trump's promises there can be genuine tradeoffs from