South Korea's automobile exports declined in April year on year, largely due to a sharp drop in shipments to the United States following Washington's imposition of steep tariffs on foreign-made cars, reports the Korean Herald, quoting government data.
Indian benchmark indices opened on a flat yet positive note on Monday, tracking cues from the US markets which also ended flat amid ongoing concerns over tariff wars.
India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
India's trade surplus with the UK has grown marginally over the past decade and it is anticipated that the tariff concessions under recently agreed upon Free Trade Agreement are expected to improve overall trade, according to a report by ICRA.
Responding to claims of US President Donald Trump that India offered a trade deal with zero tariffs, Sunil Barthwal, Secretary Department of Commerce, on Thursday said that the external affairs minister, Dr S Jaishankar, has responded to the claim.
In a social media post on X, Tewari said, "Is it a fact that India has offered a Zero Tariff deal to the United States? That needs an explicit answer from the Government?"
The demand in the US for container shipping from China has surged nearly 300 per cent, after a halt in retaliatory tariffs between the two countries, according to container-tracking software provider Vizion reports Reuters.
The Asia-Pacific Economic Cooperation (APEC) on Thursday, warned across its 21 member nations that the region would not witness much growth in trade this year owing to the US trade tariff drama, reports Reuters.
Gold prices dipped on consecutive days on Wednesday, weighed down by easing trade tensions between China and the United States, which led to a decline in safe-haven demand.
The ongoing global tariff wars and the continued rise in gold prices will significantly impact the overall consumer price index (CPI) in the upcoming months, even if food prices remain stable, according to a report by the Union Bank of India (UBI).
China on Tuesday criticised the US tariffs linked to the fentanyl issue, arguing that the US is unfairly targeting Chinese imports. The Chinese Foreign Ministry spokesperson emphasised that the fentanyl crisis is a domestic issue for the United States to address, stating that despite China's