business
‘Will know at the end of the week…’: After 25% tariff move, Donald Trump says talking to India; says ‘anti-US’ group BRICS a factor
US President Trump stated that America is in trade talks with India. He sees BRICS as potentially anti-dollar. He mentioned India’s willingness to substantially cut tariffs.
Powell doesn’t bow to Trump pressure; US Fed keeps interest rate unchanged – here’s what the FOMC statement said
The Federal Reserve decided to maintain the federal funds rate at 4.25%-4.50%, assessing incoming data and economic outlook. Despite Trump’s call for rate reductions following a 3% GDP growth in the second quarter, experts contextualize this data, noting a slower overall growth rate for the first half of 2025. Trump’s stance contrasts with traditional economic…
China warns US against coercion on Russian oil tariffs; vows to defend energy sovereignty
China has rebuffed US tariff threats over its Russian oil purchases, asserting its right to secure energy supplies and protect national interests. This firm stance follows US warnings during trade talks in Stockholm, where potential tariffs of up to 500% were discussed.
India-US trade: Trump slaps 25% tariffs on Indian exports to US – what experts say
US President Trump has announced a 25% tariff on all Indian imports starting August 1, citing trade barriers and defense purchases from Russia. This move, viewed as a pressure tactic before trade talks, has prompted India to assess implications and protect its interests.