Page 57 - Latest Updates on Trump tariffs

Rupee slides ahead of RBI MPC rate decision; opens lower at 85.87/$

Indian Rupee today: The domestic currency depreciated 7 paise to open at 85.87 against the dollar, after closing at 85.80 on Thursday

Trump threatens to cancel Elon Musk's govt contracts as feud turns personal

US President Donald Trump lashed out after Musk called for impeachment and claimed Trump's name was in the Epstein files, sparking the collapse of their once-close alliance

Drop 10% universal tariff in bilateral trade agreement: India to US

India pushes for early tranche of trade deal to avoid potential 26% reciprocal tariff

No more questions on rare earths now: Trump after 'very good' call with Xi

After what he described as a "very good" 90-minute call with Xi Jinping, Trump says US-China trade talks will resume soon with rare earth issues resolved

Rupee closes stronger despite headwinds; ends 10 paise higher at 85.80/$

Indian Rupee today: The domestic currency appreciated 10 paise to close at 85.80 against the dollar, after closing at 85.90 on Wednesday, according to Bloomberg

China's overseas income tax global crackdown expands beyond ultra-rich

Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs

Trump's tariffs disrupt trade, weaken ties, and threaten global order

Middle-power countries such as India now recognize that even US friendship may not protect them from tariffs, making them less willing to ally themselves fully with the United States

Trump's trade war tougher test for emerging markets than Covid crisis: IMF

IMF's Gita Gopinath says emerging market central banks face more complex challenges amid Trump tariff shocks, capital flight risk and rate dilemmas

Inflation data threatened by US government's hiring freeze as tariffs loom

The Labor Department has cut back on the inflation data it collects because of the Trump administration's government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs. The department's Bureau of Labor Statistics, which produces the monthly consumer price index, the most closely watched inflation measure, said Wednesday that it is reducing sample in areas across the country and added that it stopped collecting price data entirely in April in Lincoln, Nebraska, and Provo, Utah. It also said it has stopped collecting data this month in Buffalo, New York. In an email that the BLS sent to economists, viewed by The Associated Press, the agency said that it temporarily reduced the number of outlets and quotes it attempted to collect due to a staffing shortage in April. The reduced data collection will be kept in place until the hiring freeze is lifted. The cutbacks have intensified ..

Climate change at COP30: India must lead, not wait for other nations

If most countries are unlikely to make strong commitments, it is relevant to ask whether India should also hold back. Climate change is too important for us to take this course

India challenges 25% US auto tariffs at WTO, seeks safeguard consultations

India lodges a WTO complaint over steep US auto tariffs, citing safeguard violations and reserving its right to retaliate if talks fail

Trump wants US to make things again- but is it ready for the challenge?

President Trump wants to revive factories, using tariffs as a tool. Companies that want to re-shore manufacturing are grappling with how to do it

Donald Trump gives UK five-week deadline after reprieve on steel tariff

The longer UK steel and aluminum exports are subject to US tariffs the more questions will be raised about Starmer's decision to become the first country to settle with Trump

Trump calls Xi 'very tough' after accusing China of breaching trade pact

Donald Trump ramps up US-China tensions, alleging Beijing violated a May minerals agreement, as trade talks with Xi Jinping stall, fresh visa curbs stir diplomatic unease

Trump signs order hiking steel, aluminum tariffs to 50%, exempts UK

The order said that raising the existing tariffs would offer stronger support to domestic industries and help reduce or eliminate the national security threat posed by imports of steel, aluminium

Rupee falls for second straight day amid likely outflows; opens at 85.75/$

Indian Rupee today: The domestic currency opened 16 paise lower at 85.75 against the greenback, after closing at 85.59 on Tuesday

Europe inflation cools to 1.9%; focus shifts to Trump and tariffs

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of US President Donald Trump's tariff offensive. Lower energy prices helped bring consumer prices in May to below the ECB's 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of new import taxes on EU goods in the US that threaten to slow Europe's export-oriented economy. Reductions in the ECB's benchmark rate, currently at 2.25%, lower borrowing costs throughout the economy, making it easier to buy things on credit and stimulating economic activity and investment. Higher rates combat inflation, but for the moment that battle appears to have been won. The ECB's rate-setting council meets on Thursday under bank President Christine Lagar

Rupee ends lower at 85.59/$ as firm crude oil prices weigh

Indian Rupee today: The domestic currency ended 7 paise lower at 85.59 against the greenback, after closing at 85.52 on Monday

Market Close Highlights: Sensex swings 1,200 pts, ends 636 pts down; Nifty below 24,550; banks drag

Sensex Today | Stock Market Highlights on Tuesday, June 3, 2025: The Nifty Private Bank index dropped over 1 per cent, followed by the Nifty PSU Bank index (down 0.59 per cent)

Ex-Malaysia PM urges stronger Asean ties with China, India to replace US

Malaysia's Foreign Minister Mohamad Hassan also urged quicker regional integration, saying the Asean bloc must act now to reduce the impact of global trade shocks, especially from US tariffs