Page 56 - Latest Updates on Trump tariffs

India has 'no basis' to seek WTO consultations on auto tariffs, says US

India had challenged the 25% US tariffs on automobiles at the WTO, claiming they were safeguard measures, but Washington insists they fall outside the Safeguards Agreement

'Relationship is excellent': Trump confirms trade deal with China finalised

Trump says a trade deal with China has been finalised, with key agreements on rare earth supplies, tariffs, and student visas, pending final approval from both leaders after talks in London

Rupee gains for fifth straight session; ends 11 paise higher at 85.51/$

Indian Rupee today: The domestic currency appreciated 11 paise to end at 85.51 against the dollar, after closing at 85.62 on Tuesday

Rupee advanced as US-China trade tensions ease; opens higher at 85.53/$

Indian Rupee today: The domestic currency appreciated 9 paise to open at 85.53 against the dollar, after closing at 85.62 on Tuesday

India, US race to finalise trade deal ahead of Trump's tariff deadline

Trade officials from India and the US met in New Delhi for about a week to discuss issues including greater market access, digital trade, customs rules and technical barriers to trade

Trump tariffs seen pushing up underlying US consumer prices in May

The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in four months

Trump admin can keep collecting 'sweeping tariffs' for now, says US court

The ruling by the US Court of Appeals for the Federal Circuit extends a similar order after a federal court struck down the 'sweeping tariffs' on May 28, stating that Trump overstepped his authority

GM invests $4 bn in US plants, shifts production to avoid tariffs

Taken together, the investments will allow GM to produce more than 2 million vehicles in the US each year

US, China reach agreement to ease export curbs, keep tariff truce alive

US commerce secretary Lutnick said the London agreement would lift some recent US export restrictions but gave no details after talks ended

Rupee ends flat for second straight session as US-China trade talks linger

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the dollar, after closing at 85.63 on Monday

Rupee edges higher with US-China trade talks in focus; opens at 85.62/$

Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the greenback, after closing at 85.63 on Monday

Justice dept asks US appeals court to let Trump tariffs remain for longer

Tariffs covered by the ruling include Trump's global 10 per cent levy, his April 2 "Liberation Day" tariffs and measures targeting China, Canada and Mexico over fentanyl trafficking

Rupee closes flat ahead of US-China trade talks; ends at 85.63/$

Indian Rupee today: The domestic currency depreciated 1 paise to end at 85.63 against the dollar, after closing at 85.64 on Friday

US, China hold trade talks in London after Trump-Xi Jinping's phone call

High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy. A Chinese delegation led by Vice Premier He Lifeng is due to meet US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at an undisclosed location in the city. The talks are due to last at least a day. They follow negotiations in Geneva last month that brought a temporary respite in the trade war. The two countries announced May 12 they had agreed to a 90-day suspension of most of the 100 per cent-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, rare earths that are vital to carmakers and other industries, and visas for Chinese students at American universities. President

Rupee trades weak amid mixed cues; opens slightly lower at 85.66/$

Indian Rupee today: The domestic currency depreciated 2 paise to open at 85.66 against the dollar, after closing at 85.64 on Friday

UK's timeline for US deal too ambitious, says ex-trade advisor Falconer

Trump's tariffs are already weighing on the UK's beleaguered steel industry, with some manufacturers saying American orders have dried up

Not sure if good relationship with Elon Musk will continue: Donald Trump

US President Trump says he's disappointed with Musk over opposition to tax bill and EV cuts, as public rift between the two widens

Rupee gains in volatile trade after RBI's big cuts; ends higher at 85.64/$

Indian Rupee today: The domestic currency appreciated 16 paise to end at 85.64 against the greenback, after closing at 85.80 on Thursday

Asian shares mostly rose on Friday ahead of US Jobs Report update

Asian shares were mostly higher Friday ahead of an update on the US job market that will offer insights into how the economy is faring. US futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The US Labor Department is due to report how many more jobs US employers created than destroyed during May. The expectation on Wall Street is for a

NATO on cusp of accepting Trump's 5% defence investment demand, says Rutte

Most U.S. allies at NATO endorse President Donald Trump's demand that they invest 5% of gross domestic product on their defense needs and are ready to ramp up security spending even more, NATO Secretary-General Mark Rutte said Thursday. There's broad support, Rutte told reporters after chairing a meeting of NATO defense ministers at the alliance's Brussels headquarters. We are really close, he said, and added that he has total confidence that we will get there by the next NATO summit in three weeks. European allies and Canada have already been investing heavily in their armed forces, as well as on weapons and ammunition, since Russia launched a full-scale invasion of Ukraine in 2022. At the same time, some have balked at U.S. demands to invest 5% of GDP on defense 3.5% on core military spending and 1.5% on the roads, bridges, airfields and sea ports needed to deploy armies more quickly. Still struggling to meet the old goal: In 2023, as Russia's full-scale war on Ukraine entered i