India-US trade deal: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 ‘Liberation Day’ conference.
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Trump Says No Plans to Fire Fed Chair Powell, But Keeps Pressure On
Hey there! If you’ve been following the news, you might’ve heard some buzz about President Donald Trump and Federal Reserve Chair Jerome Powell. On July 16, 2025, Trump made headlines by saying he’s not planning to fire Powell. But, as you might guess with Trump, there’s more to the story. Let’s break it down in a way that’s easy to follow and feels like a chat with a friend.
Israel, Iran Trade Blows for Third Day With No Sign of Letup
Israel and Iran continued intense bombardments on one another’s territories for the third day, with no sign of a reprieve and growing concerns over a wider conflict in one of the world’s key oil-producing regions.
US-China trade truce back on track after London talks
The US and China have reached a new framework to revive their trade truce, with both sides signaling readiness to ease tariffs and resolve rare earth export issues.
The easing in the US-China trade war has put pressure on the price of gold denominated in US dollars.
The US dollar (USD) continues to attract demand as short-covering and easing of the US-China trade war keep putting bearish pressure on the USD-denominated gold price, while US Treasury bond yields and risk sentiment turn south again.
Russia-Ukraine Tensions: Latest Updates and Discussions April 2025
Stay informed on the latest developments in Russia-Ukraine tensions as of April 2025. Explore ceasefire talks, military actions, and diplomatic efforts shaping the conflict. Get insights into global responses and peace negotiations.
United States is preparing to reduce tariffs on China by 50%, WSJ reports.
The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would not be made unilaterally.
Zelensky urges immediate talks with US
Ukrainian President Volodymyr Zelensky reiterated his country’s willingness to engage in peace negotiations, emphasising that Ukraine does not seek an “endless war.” Writing on X (formerly Twitter), Zelensky stated, “Ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer. Nobody wants peace more than Ukrainians.”
This Triggered Trump-Zelensky Clash, Then Team Ukraine Was Asked To Leave
US President Donald Trump’s meeting with his Ukrainian counterpart Volodymyr Zelensky began with exchanging compliments on Friday but turned into a fiery argument within minutes in a public blowup that had the world media in attendance at the White House. The Ukrainian delegation was then asked to leave the White House with the formal lunch with the President remaining untouched, reports said.
Trump, Putin teams complete Ukraine talks, summit date yet to be set
Top US and Russian officials met in Saudi Arabia on Tuesday to discuss how to end the war in Ukraine with no one from Kiev present, raising concerns the two powers are pushing too fast for a deal that could sideline Europe.