Indian equity markets are set for a choppy week ahead as investors brace for any new development on escalating trade tensions with the United States, besides the release of key domestic inflation data for July. The cautious sentiment follows a sixth straight week of declines for benchmark indices, with both the Sensex and Nifty ending…
President Donald Trump has abruptly removed Billy Long from his role as commissioner of the Internal Revenue Service (IRS), less than two months after his Senate confirmation, the White House announced on Friday. Long, a former Republican congressman and auctioneer with limited tax policy experience, reportedly clashed with Treasury Secretary Scott Bessent and made public…
US President Donald Trump on Tuesday signaled steep tariff hikes on imported pharmaceuticals, warning rates could reach as high as 250% over the next 18 months. The move is aimed at shifting drug production back to the United States. Speaking to CNBC, Trump said the tariffs would begin at a lower level, gradually increasing to…
The European Union (EU) said on Tuesday (August 5) that it will halt its planned retaliation tariffs on US imports valued at 93 billion euros ($107 billion). This comes after a deal was blocked between US President Donald Trump and European Commission President Ursula von der Leyen last month. Meanwhile, Trump warns of a 35…
The US president also reiterated his often-repeated concerns about trade imbalances during his presidency. Trump revisited his earlier claims of mediating between India and Pakistan during his term. Image | ANI/File Photo Source link
US President Donald Trump’s country-specific tariffs are now scheduled to take effect from August 1, offering a temporary reprieve as trade talks intensified with several countries, including India. Earlier, the US tariffs were set to take effect from July 9. Commerce Secretary Howard Lutnick announced the tariff reprieve on Sunday (US time) while speaking to…