TRADE WAR EFFECTS
Convinced them to have peace and make trade deals: Trump on US role in India-Pak understanding
In a Fox News interview, Donald Trump claimed to have brokered peace between India and Pakistan, advocating for trade deals over nuclear weapons. He asserted his administration's role in halting a potential nuclear conflict.
China, US to lift sweeping tariffs in trade war climbdown
The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Under the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points.
China pauses 24% tariff rate on US goods for 90 days
China has announced a 90-day pause on tariffs for United States goods. This occurred during trade discussions between major global powers. The US also stated an agreement for a 90-day pause. Washington will reduce tariffs on Chinese imports. China will also lower duties on US imports. Former President Trump initiated a trade conflict, especially targeting China.
Gold rises 1.3% as global tensions push investors towards safer haven
Gold prices surged 1.36% to an all-time high of ?94,344 per 10 gm amid rising global tensions, US recession fears, and a weakening dollar, enhancing its safe-haven appeal.
US dollar falls, stock futures up, inflation whets risk appetite
The dollar fell and U.S. stock futures rose on Tuesday after data showed U.S. consumer inflation picked up less than expected in April, when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global supply chains and markets.
US slashes 'de minimis' tariff on small China parcels to 54%
The United States is set to ease trade tensions with China by reducing the "de minimis" tariff on low-value goods, benefiting e-commerce giants like Shein and Temu. Effective May 14, 2025, the tariff will decrease to 54% from 120% for items under $800, with a $100 flat fee option.
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Will Modi govt conduct Kargil Review Committee-type exercise on Pahalgam, asks Congress
Congress is pressing for a Prime Minister-led all-party meeting and a special Parliament session, emphasizing the urgency heightened by statements from Washington D.C. The party questions whether the Modi government will emulate the Vajpayee administration's Kargil Review Committee in light of recent events.
There are two Chinas, and America must understand both
The American perception of China is divided between two extremes: a global tech and manufacturing powerhouse, and an economy teetering on collapse. Both views reflect real aspects of the country. On one hand, innovative companies like DeepSeek, BYD, and Huawei showcase China's technological prowess. On the other, the nation grapples with weak consumption, high youth unemployment, a housing crisis, and the ongoing impact of the U.S.-China trade war.
Rupee jumps 74 paise to 84.62 against US dollar in early trade
The Indian Rupee saw gains against the US dollar. This appreciation is attributed to improved relations between India and Pakistan. The US-China trade deal also played a role. Foreign investors continue to show interest in Indian assets. Prime Minister Narendra Modi addressed the nation after Operation Sindoor. He warned Pakistan against nuclear blackmail.
Dollar clings on to gains from US-China trade pact
The dollar strengthened as the U.S. and China agreed to ease trade tensions, reducing fears of a global recession. This deal led to a relief rally in global stocks and a surge in the dollar, impacting currencies like the yen and euro. Consequently, expectations for Federal Reserve rate cuts have diminished, with U.S. Treasury yields rising in response.
Stocks rise across Asia on US-China trade truce
Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher. Japan’s Topix gained for a 13th day, putting it on track for it longest winning streak in 16 years. A gauge of US-listed Chinese stocks surged 5.4% on Monday in its best session in over two months. The dollar was little changed in Asia after jumping Monday.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets soared over 3.7% on Monday, with the Sensex rising 2,975.43 points and Nifty 916.70, as easing India-Pakistan tensions and US-China trade hopes lifted sentiment across sectors.
Trade is a big reason they stopped fighting, claims Donald Trump on India-Pakistan tensions
President Donald Trump asserted that trade played a significant role in the ceasefire agreement between India and Pakistan. He stated the United States is prepared to assist both nations following the agreement, which he claims his administration helped facilitate. This understanding to halt firings and military actions followed heightened tensions after attacks.
Walmart Q1 earnings on Thursday; here's how the US-China trade deal could affect the world's largest retailer
As Walmart prepares to release its Q1 results on May 15, investors are keenly observing how the company navigates the US-China trade situation. Despite recent progress in trade talks, tariffs remain a concern, impacting Walmart's supply chain, heavily reliant on Chinese manufacturers. CEO McMillon, along with other retail leaders, has cautioned about potential empty shelves due to extreme tariffs.
Is US-China trade war over or tariff cuts may be just a temporary fix? All your FAQs answered
The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other, in a major de-escalation of their trade war. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held talks in Switzerland.
U.S. and China agree to temporarily slash tariffs in bid to defuse trade war
America and China agreed to reduce tariffs temporarily. This happened while both countries tried to resolve their trade issues. The agreement suspended tariffs for 90 days. The United States would reduce tariffs on Chinese imports. China would lower import duties on American goods. Both countries hope to avoid further escalation. Ongoing negotiations will involve key officials from both nations.
This US-owned factory in China made toys for Walmart, tariffs put it on life support
Facing 145% US tariffs, toy maker Huntar Inc. halted China production, slashed jobs, and is racing to relocate to Vietnam. CEO Jason Cheung, caught between trade war crossfire, may shutter the business his immigrant father founded. Like many, he’s running out of time, money—and hope.
Trump's trade war about to leave Americans with empty bathroom shelves? Check details
Are Americans about to face shortage of toilet papers in the United States? Suzano SA, Brazil's leading pulp exporter, reports a 20% drop in bleached hardwood pulp exports to the US due to Trump's tariffs, impacting toilet paper production. Increased costs are passed to US buyers, raising concerns of potential shortages reminiscent of the 2020 pandemic panic.
Trump's UK deal tests Canada's trade future
President Trump unveiled a preliminary trade agreement with the UK, boosting American exports while maintaining tariffs. This deal, offering insight into Trump's trade objectives, has implications for Canada, particularly its auto industry. Prime Minister Carney's visit to Washington signals a cooperative approach, but hard bargaining is expected, with Trump aiming to reduce the US trade deficit.
Charting the global economy: Chinese exports to the US slumped
Global central banks are responding to economic uncertainty fueled by US trade policies. The Bank of England cautiously cut interest rates, while the Federal Reserve held steady amidst tariff concerns.
Amid military conflict with Pak, RSS affiliate calls for unequivocal support to govt, armed forces
Amidst escalating military conflict with Pakistan, the Bharatiya Mazdoor Sangh (BMS) has urged its affiliates to postpone strikes and offer unwavering support to the government and armed forces. The BMS has also requested government employees to avoid taking leave unless absolutely necessary and to increase productivity.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
Rupee falls 30 paise to 85.88 against US dollar in early trade
The Indian Rupee weakened against the US dollar due to rising tensions between India and Pakistan. The rupee fell to 85.88, a 30 paise drop. Military actions along the border heightened market concerns. Investors are seeking safe-haven assets. The stock market also experienced a decline.
China's April exports beat expectations, imports narrow declines
China's exports surprisingly rose by 8.1% in April, while imports saw a slight decrease of 0.2%, defying predictions of a significant trade slowdown. This data follows a previous surge in exports in March, preceding increased U.S. tariffs on Chinese goods. As trade tensions escalate with retaliatory tariffs, officials from both nations are set to meet in Switzerland for trade negotiations.
American car, made in Korea: Why General Motors is hurt by tariffs
General Motors faces tariff challenges. These tariffs impact earnings. Other automakers also face difficulties. Ford aims to offset costs. Experts note changing manufacturing locations. Tariffs may reduce affordable car options. The average new car price is already high. GM explores cost cuts and trade agreements. The company remains committed to its Korean operations. These operations are a global export base.
Jammu traders' body announces war rooms for free ration, medicines; assures stock for 3 months
Amid Indo-Pak border tensions, panic buying gripped Jammu. The Jammu Traders' Federation reassured the public about sufficient supplies. They reactivated war rooms for free ration and medicines to border residents. Authorities evacuated civilians due to intense shelling. The federation president, Deepak Gupta, stated enough ration for three months. Prices of essentials were reduced.
World’s trade superhighway feels strain from US-China decoupling
Uncertainty surrounding US trade policies further complicates matters, impacting dry-bulk and tanker operators as well.
Commodity Radar: Copper rebounds on US-China trade talk hopes; go long on May futures for this target
Copper prices rose amid optimism over potential US-China trade talks, with both sides signaling openness to negotiations. Falling inventories in Shanghai and LME further supported bullish sentiment in global and Indian copper markets.
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