Trade
Divided Fed worried about tariffs, inflation and the labor market, minutes show
Key Points The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting. “Participants generally pointed to risks to both sides of the Committee’s dual mandate, emphasizing upside risk to inflation and downside […]
Read More
Trump’s trade policies are helping India-China ties — but they aren’t resetting them
Chinese Foreign Minister Wang Yi wrapped up his two-day trip to India on Tuesday — the latest sign of warming ties between Beijing and New Delhi. During his visit, Wang said India and China should “view each other as partners and opportunities rather than adversaries or threats,” according to a readout from the Chinese Foreign […]
Read More
Japan’s July exports clock steepest plunge in over four years, dropping by a more than expected 2.6%
Owngarden | Moment | Getty Images Japan’s exports plunged 2.6% year over year in July, their steepest drop since February 2021, as shipments to its two largest markets slipped. The fall was sharper than the 2.1% contraction expected by economists polled by Reuters and compared to the 0.5% drop seen in June. Imports to the […]
Read More
Chinese national living in U.S. gets 8 years in prison for smuggling weapons, tech to North Korea
Photos of a gun and parts of military electronics that were found on Shenghua Wen’s phone, according to the U.S. Department of Justice. Courtesy: U.S. Department of Justice A Chinese national living in the U.S. was sentenced to eight years in prison for conspiring to illegally smuggle guns, ammunition and sensitive U.S. technology to North […]
Read More
S&P expects ‘meaningful tariff revenue’ to offset Trump tax bill impact, maintains U.S. credit rating
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to […]
Read More
Modi gives tax boon to India’s economy amid Trump tariff tensions
Narendra Modi, India’s prime minister, during the nation’s Independence Day ceremony at Red Fort in New Delhi, India, on Friday, Aug. 15, 2025. Bloomberg | Bloomberg | Getty Images Indian markets rallied on Monday as Prime Minister Narendra Modi’s recently revealed tax cuts extended a gift to a domestic economy that still faces the teeth […]
Read More
Trump advisor Peter Navarro slams India’s ‘opportunistic’ purchases of Russian crude
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation. Himanshu Sharma | Afp | Getty Images U.S. President Donald Trump’s trade advisor Peter Navarro on Monday […]
Read More
Not in the cards: Why some suspect stable trade may not follow Trump’s tariff deals
The White House has signed a number of notable trade deals in the months since President Donald Trump slapped sharply higher tariffs on imports in early April. But some on Wall Street are cautioning that turmoil surrounding relations between the U.S. and its major trading partners is far from over. “Our views have been at […]
Read More
EU push to protect digital rules holds up trade statement with U.S., FT reports
TURNBERRY, SCOTLAND – JULY 27: U.S. President Donald Trump and President of the European Commission Ursula von der Leyen announce a US-EU trade deal after a meeting at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. U.S. President Donald Trump is visiting his Trump Turnberry golf course, as well as Trump International […]
Read More
U.S. delegation’s India visit reportedly called off as trade tensions simmer
Students from Gurukul School of Art, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outside their school. U.S. President Donald Trump imposed a 25% tariff on India along with penalties for buying oil and military equipments from Russia. Sopa Images | Lightrocket | Getty Images A […]
Read More