US FOREIGN POLICY
All about Mike Waltz, Trump's national security adviser who added journalist to Signal group chat
National Security Adviser Mike Waltz has left his post amid Signal Gate scandal. He is the first major official in the Donald Trump administration to quit White House when the President touted about his achievements in the first 100 days of office. A former US Congressman, Mike Waltz is among the most staunchly critical voices on China in the US Congress.
US-Ukraine Minerals Deal: US and Ukraine ink strategic minerals deal after long delay
US and Ukraine Minerals Deal: The United States and Ukraine have signed a long-negotiated investment deal granting Washington access to Kyiv’s critical mineral reserves. This agreement, framed as part of a broader peace strategy, comes as the war with Russia continues into its third year with no resolution in sight. The deal creates a joint fund to attract global investment, as both countries attempt to balance military and economic concerns. Meanwhile, Russian attacks on Ukrainian cities continue, with civilian casualties rising sharply, according to a new UN report.
Markets record 2nd straight monthly gain in April; Sensex jumps nearly 4 pc
The BSE Sensex jumped nearly 4 per cent last month showing resilience amid recent geopolitical concerns, as return of foreign investors to the domestic market, prediction of an above-normal rainfall in the upcoming southwest monsoon and optimism surrounding a potential India-US trade deal boosted sentiment.
US defence body clears supply of military hardware to India
The United States has approved a USD 131 million military hardware and logistic support package for India, enhancing strategic ties. This "foreign military sale" supports the Indo-Pacific Maritime Domain Awareness program. The deal includes sea-vision software, remote software, analytic support, and related logistics, bolstering India's maritime capabilities and strategic posture in the Indo-Pacific region.
Trump company strikes Qatari golf resort deal in sign it's not holding back from foreign business
The Trump family's company has entered into a deal to construct a luxury golf resort in Qatar, raising concerns about potential conflicts of interest during a possible second Trump administration. This project, involving Trump-branded villas and a golf course developed by a Saudi Arabian company and a Qatari government-owned firm, marks the first foreign deal since Donald Trump's initial term.
Gold retreats on firm dollar, US payrolls data on tap
Gold prices experienced a slight dip due to a stronger dollar, as investors are keenly awaiting further developments in U.S. trade policies and the upcoming U.S. non-farm payrolls report. The market anticipates the jobs report for insights into the Federal Reserve's monetary policy direction, amidst ongoing trade negotiations and recent economic contractions.
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Lutnick announces tariff relief for US-built cars with 85% domestic content
US Commerce Secretary Howard Lutnick announced that cars finished in the US with at least 85% domestic content will be exempt from tariffs. This policy, applicable to all vehicles built within the country, aims to incentivize manufacturers to increase US-based production. The tariff relief will be implemented gradually over three years, allowing automakers to adjust their supply chains.
Softer dollar, inflows and exporter hedging help rupee brave turbulent month
The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales.
US threatens to quit Russia-Ukraine effort unless 'concrete proposals'
Secretary of State Marco Rubio warned on Tuesday that the United States would give up on mediation unless Russia and Ukraine put forward "concrete proposals," as US patience wanes on an early priority for Donald Trump. The United States already put together a framework proposal which Ukrainians feel bows to Russian demands.
Trump eases auto tariffs burden as Howard Lutnick touts first foreign trade deal
President Trump softened auto tariffs with credits and levy relief, aiming to ease investor concerns amid criticism of his economic policies. The move, allowing carmakers more time to increase domestic component usage, comes as a new set of import taxes looms.
GIFT Nifty down 20 points; here's the trading setup for today's session
Nifty closed slightly higher on Tuesday, fueled by optimism surrounding US trade negotiations and robust institutional buying from both FIIs and DIIs. Technical analysis suggests potential consolidation in the short term, with key levels to watch at 24,550 and 24,250. The rupee strengthened, supported by lower crude oil prices and consistent foreign inflows.
Gold prices steady as investors await key US data, tariff updates
Gold prices remained stable as investors watched for updates on trade talks. They also awaited key inflation data from the United States. This data could offer clues about the Federal Reserve's future policy decisions. Earlier, gold reached a high due to uncertainties. Market participants will analyze economic data to assess the impact of tariffs on the Fed's interest rate outlook.
Investors are getting interested again
Foreign investors are showing renewed interest in Indian equities due to low trade disruption exposure and potential US tariff deals. This surge in FPI activity, driven by attractive valuations and strong earnings, offsets concerns about regional security. A positive outlook for domestic consumption, rural spending, and US trade negotiations further strengthens the Indian market's appeal.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump will sign an executive order easing 25% tariffs on autos and parts, aiming to support US manufacturing and jobs. The move, welcomed by automakers, seeks to reduce costs and retroactively adjust enforcement. Experts warn, however, broader tariffs may still raise prices and hurt overall auto sales and growth.
AILA welcomes reinstatement of SEVIS records for international students
The American Immigration Lawyers Association (AILA) has applauded the reinstatement of SEVIS records for international students, a move that alleviates uncertainty regarding their immigration status. This decision addresses concerns from educational institutions and students, ensuring accurate reflection of their legal standing. It restores confidence and facilitates smoother visa administration, benefiting both students and US educational institutions.
100 days in: How Trump reshaped US’ immigration policy?
In his second term's initial 100 days, President Trump intensified immigration policies by restricting migration and bolstering enforcement. The administration aimed to deport one million undocumented immigrants annually, expanding ICE's authority and encouraging local police involvement. Simultaneously, H-1B visa restrictions were tightened, a "Gold Card" investor visa was introduced, and student visa oversight increased, alongside heightened border security measures.
‘We are Canada’: Mark Carney blunt message to Trump after federal election win
Mark Carney, former Bank of Canada and England Governor, led the Liberal Party to victory in Canada's federal election, securing a historic fourth term. Carney positioned himself as a bulwark against Donald Trump's threats to Canada's sovereignty, vowing to protect the nation's resources and borders. The Liberals secured 167 seats, surpassing the Conservatives, potentially forming a minority government.
One hundred days of attitude
Amidst rising India-Pakistan tensions following the Pahalgam attack, Trump offers India support while maintaining neutrality, acknowledging historical tensions. Despite initial solidarity, US counterterrorism interests in Pakistan temper a strong stance. Trump's early presidency is marked by policy reversals, particularly on tariffs and foreign policy, impacting global trade and relationships, including those with China and potentially India.
FPIs extend investment in Indian equities, inject Rs 17,425 cr in a week
Foreign investors have infused Rs 17,425 crore in the country's equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals.
Charting the global economy: US dollar slide evocative of Nixon
Donald Trump's trade policies, aimed at bolstering domestic manufacturing, are impacting the global economy. The US dollar is experiencing its weakest performance since Nixon's era, while forecasts predict a slowdown in US economic growth due to trade tensions.
Iran, US hold new round of high-stakes nuclear talks
The US and Iran have commenced crucial nuclear deal negotiations in Oman, their third meeting in recent weeks, mediated by Omani Foreign Minister Badr Albusaidi. Discussions, led by US envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi, aim to prevent Iran from developing nuclear weapons in exchange for sanctions relief.
Trump restores legal status for international students amid lawsuits, for now
The Trump administration reversed course on Friday, reinstating student visa records for international students in the U.S. after thousands were terminated, potentially facing deportation. This decision came during a court hearing in Boston, where a judge revealed that ICE is developing a policy to address SEVIS record terminations, ensuring affected students' records remain active or are restored.
Rubio replaces top US diplomat for Europe with former Senate aide
Secretary of State Marco Rubio has appointed Brendan Hanrahan, a former Senate staffer with private sector experience, as the State Department's top official for Europe. This change occurs amidst tense U.S.-Europe relations, driven by President Trump's policies on Greenland, NATO spending, and Ukraine. Hanrahan is expected to lead the bureau through reorganization and advance the Secretary's agenda.
Donald Trump issues major mandate for U.S schools; here are 7 things all American parents need to know
Donald Trump’s latest education executive orders are creating major waves across schools and colleges in the U.S. From pushing AI learning in high schools to cutting back on woke college accreditation, his new plan is all about discipline, job skills, and transparency. Trump says these changes will help students prepare for real-world jobs, protect free speech, and remove political bias. If you're a parent, student, or teacher, this is a must-read.
US will 'walk away' unless Russia and Ukraine agree deal: JD Vance
Amidst ongoing conflict, Vice President JD Vance indicated the US might withdraw if Russia and Ukraine don't agree to peace, suggesting potential land swaps. Despite this, Ukraine seeks an immediate ceasefire following renewed Russian strikes, while diplomatic efforts continue with downgraded talks in London and envoys heading to Moscow. Trump's administration is reportedly frustrated with the lack of progress.
Pimco says treasuries are starting to look attractive after rout
Given the US economy is likely to slow longer term, there is value in US bonds at these levels, he added. Pimco call indicates investors may be beginning to see the worst of rout as over, after a "sell America" trade took markets by storm over past month and threw haven status of Treasuries into question.
Officials try to get Ukraine peace talks back on track after Rubio no show
Efforts to revive Ukraine peace talks face hurdles as U.S. proposals, presented by envoy Steve Witkoff, demand more concessions from Kyiv than Moscow, causing friction with European allies. Despite U.S. pressure for a deal, Ukraine refuses territorial concessions before a full ceasefire.
Who is Steve Witkoff? Donald Trump's most trusted man on foreign policy, even more powerful than Secretary of State Marco Rubio and the CIA Director
Steve Witkoff is now a key policy leader in Donald Trump's second term. He has surpassed many foreign policy veterans. Witkoff's close ties with Trump have boosted his influence. He handles Gaza, Russia, and Iran matters. Witkoff uses his own money for travel. He is compared to Jared Kushner. Witkoff has the trust of Trump and his family.
Trump considers gutting US diplomatic footprint in Africa: draft plan
The United States would drastically reduce its diplomatic footprint in Africa and also scrap State Department offices dealing with climate change, democracy and human rights, according to a White House order under consideration. In the latest draft plan, current offices dealing with climate change and human rights would be "eliminated."
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