Page 2 - Us Trade War
US' reciprocal tariffs on Indian exports will have a limited impact: SBI
The latest report by SBI's Economic Research Department suggests that the overall bilateral negotiations between India and US could provide further collateral benefit to India
 "US' reciprocal tariffs on Indian exports will have a limited impact: SBI")
Steel, pharma, chemicals: Top Indian sectors at risk of higher US tariffs
Countries that have free trade agreements with the US, such as Singapore and South Korea, are safer with respect to Trump's reciprocal tariff threat, analysts at Nomura said.
 "Steel, pharma, chemicals: Top Indian sectors at risk of higher US tariffs")
US-China trade war intensifies, pushing gold prices to all-time highs
Meanwhile, global gold demand rose 1% to a record 4,974.5 metric tons in 2024, driven by higher investment and increased central bank purchases in the 4th quarter, according to the World Gold Council
 "US-China trade war intensifies, pushing gold prices to all-time highs")
Markets Today: Services PMI; MPC; Trump-China news; Swiggy, Titan Q3; IPO
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
 "Markets Today: Services PMI; MPC; Trump-China news; Swiggy, Titan Q3; IPO")
EU must stay united against Trump's tariff threat: Spanish minister
EU leaders meeting at an informal summit in Brussels on Monday said Europe would be prepared to fight back if the U.S. imposes tariffs, but also called for reason and negotiation
 "EU must stay united against Trump's tariff threat: Spanish minister")
Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025
Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
 "Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025")
Australia faces trade war risks from Trump's policies, warns treasurer
Any impacts from a potential trade war and when will it begin to hit the global economy will be difficult to predict now, though Australia is confident to navigate any changes, Chalmers will say
 "Australia faces trade war risks from Trump's policies, warns treasurer")
Are global financial markets ready for Trump trade? What analysts say
As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends
 "Are global financial markets ready for Trump trade? What analysts say")
Xi has few options to retaliate against Europe without sparking trade war
China has also signaled it's considering tariffs as high as 25% on imported cars with large engines
 "Xi has few options to retaliate against Europe without sparking trade war")
US blocks 13 ships facilitating illicit trade in support of Iran's military
Iran-backed Houthis have also launched attacks on commercial vessels and US naval assets using Iranian-made UAVs and missiles, according to the US State Department
 "US blocks 13 ships facilitating illicit trade in support of Iran's military")
Fear of expanding US-China trade war sinks global equities; bonds rally
The comments by U.S. President Donald Trump that the trade war may last another year came a day after his administration announced new tariffs on steel from Brazil and Argentina
 "Fear of expanding US-China trade war sinks global equities; bonds rally")
What trade war? Chinese firms beat expectations, post strong Q3 numbers
Profits at Chinese companies grew 10% in the July-September period, beating the 2% growth rate analysts had predicted
China escalates trade war, hikes tariffs on $75 billion of American goods
The tariffs of 10 per cent and 5 per cent take effect on two batches of goods on September 1 and December 15, the official Xinhua News Agency said
 "China escalates trade war, hikes tariffs on $75 billion of American goods")
Yield inversion is coming to Asian markets as growth woes spread
As risks to the outlook increase, investors are scooping up longer-dated securities on expectations that interest rates will continue to fall
 "Yield inversion is coming to Asian markets as growth woes spread")
Trade war: China imports from US fall 19% in July to $11 billion
China's global trade surplus widened by 60 per cent over a year ago to $45.1 billion
 "Trade war: China imports from US fall 19% in July to $11 billion")
Commodity prices fall worldwide, falling rupee helps India market
Agri, metals, oil down, gold jump sharply reacting to global economic and geo political uncertainties
 "Commodity prices fall worldwide, falling rupee helps India market")
India plans to return to talks with US after Trump's trade attack: Report
India's increasing reliance on the U.S. for defence equipment prevents it from ratcheting up pressure.
 "India plans to return to talks with US after Trump's trade attack: Report")
US-China trade war 'most stupid thing in this world': Alibaba's Jack Ma
Jack Ma made the comments at the China International Import Expo (CIIE) held in Shanghai
 "US-China trade war 'most stupid thing in this world': Alibaba's Jack Ma")
US trade war likely to weaken rupee to all-time low against dollar
However, breaching record lows would be highly unlikely, considering that the recent fall in oil prices and all indications point towards a decline in the dollar
 "US trade war likely to weaken rupee to all-time low against dollar")
Donald Trump's tariffs set off storm of lobbying
In the interim, trade lawyers and lobbyists in Washington have begun offering assistance in securing exemptions and exclusions for foreign countries, companies and their United States partners
 "Donald Trump's tariffs set off storm of lobbying")
