US President Donald Trump has signed an executive order "further modifying reciprocal tariff rates to reflect ongoing discussions with the People's Republic of China (PRC)."
Ahead of US President Donald Trump's meeting with Russian President Vladimir Putin, Michael Kugelman, a Washington, DC-based South Asia analyst, emphasised that there is a "strong link" between the Trump-Putin meeting and the tariffs imposed on India.
Following the US' imposition of a 50 per cent tariff on Indian goods, Michael Kugelman, a Washington, DC-based South Asia analyst, emphasised that India had to respond to these tariffs, given the strong comments made by President Donald Trump.
Brazil's Ambassador Kenneth Felix Haczynski on Monday said they see the US administration's tariffs as a challenge, but at the same time, it is an opportunity to look for "trusted partners" to do more business.
South Korea's top chipmakers may escape the brunt of US President Donald Trump's proposed 100 per cent tariffs on imported semiconductors, after US Commerce Secretary Howard Lutnick clarified that companies investing in US manufacturing plants would be exempt.
Several semiconductor firms in Taiwan are approaching the third quarter with caution, despite traditionally Q3 being a high-demand period, as U.S. tariff moves cloud the industry outlook.
The US Federal Reserve will have to time its interest rate cuts carefully as new tariffs could push inflation higher next year, making policy choices over the next three to six months particularly crucial, according to a report by Union Bank of India.
The panel will be briefed by the representatives of the Ministry of External Affairs and the Ministry of Commerce & Industry on the current developments in India's Foreign Policy with special reference to US-India trade negotiations and tariffs, they said.
Indian equity markets are set for a choppy week ahead as investors brace for any new development on escalating trade tensions with the United States, besides the release of key domestic inflation data for July.