During his meeting with NATO Secretary General Mark Rutte in the White House on Monday (local time), Trump expressed disappointment with his Russian counterpart, Vladimir Putin and threatened to impose severe tariffs if there is no deal within 50 days.
India could see a significant boost in its apparel exports to the United States amid ongoing tariff tensions involving key Asian exporters, according to a recent report by the State Bank of India (SBI).
India is set to overtake Japan as the world's fourth-largest economy, marking a significant shift in Asia's economic balance, according to the latest Rubix Country Insights Report: Japan by Rubix Data Sciences.
Gold shoppers in the United Arab Emirates (UAE) are pausing their purchases as prices remain elevated at around 374.5 dirhams per gram for 22K gold, as reported by Gulf News.
South Korean exporters want new government to go for a strategic shift in the trade policy amid U.S. tariff risks, reveals a survey as reported by the Korea Herald.
The European Union has postponed the imposition of tariffs on goods imported from the United States until early August, despite Washington's decision to impose 30 per cent tariffs on products from the EU bloc.
Participants in the Indian stock markets will closely monitor first-quarter earnings of companies, progress in the US tariff talks, key macroeconomic data, and other global cues for the trading sessions starting from Monday, according to the experts.
German Economy Minister Katharina Reiche was quoted by Agence France-Presse as saying in a statement that the European Union is now required, in the time remaining, to negotiate pragmatically with the United States to reach a solution that focuses on the main points of disagreement.
US President Trump announced 30% tariffs on goods from Mexico and the EU starting August 1, citing border security and trade imbalances. He shared letters with their leaders on Truth Social. The move follows stalled trade talks, with only the UK reaching a deal so far, The Hill reported.
"The two countries have agreed on some more issues on the third and final day of the second round of trade talks. However, some issues still remain unresolved. Both sides have decided that inter-ministerial talks will continue between them. Then representatives of the two countries will sit
US President Trump imposed a 35% tariff on Canadian goods, citing concerns over fentanyl. In response, Canadian PM Mark Carney said Canada is making progress in curbing fentanyl and remains committed to US cooperation. Both countries aim to finalise a trade deal by August 1.
US Secretary of State Marco Rubio said there's a high chance President Trump and Chinese leader Xi Jinping will meet this year, after a positive meeting with China's Wang Yi in Malaysia. Rubio emphasised that both sides want to improve ties and reset global trade fairly.