US TARIFF TENSIONS
ECB set to hold rates steady with eye on France crisis
The European Central Bank is anticipated to maintain steady interest rates amidst controlled inflation and eased US tariff tensions, despite a new political crisis in France. ECB President Christine Lagarde voiced concerns about the potential impact of French political turmoil on markets and borrowing costs.
Jason Miller, head of US lobbying firm hired by India meets President Trump
Amid trade tensions, Indian lobbyist Jason Miller, hired by the Indian embassy, met with President Trump and administration officials. While the meeting's purpose remains undisclosed, it occurred as Trump increased tariffs on Indian goods and expressed concerns over India's actions, despite affirming a "special" relationship and friendship with Prime Minister Modi. Modi reciprocated, highlighting the positive strategic partnership.
Modi-Xi handshake, tax cuts boost case for lagging Indian stocks
Prime Minister Narendra Modi’s symbolic handshake with President Xi Jinping in China, combined with fresh tax cuts at home, is fueling optimism that Indian equities will finally narrow the gap with their emerging-market peers.
FPIs withdraw Rs 12,257 cr in first week of Sep on strong dollar, US tariff concerns
Foreign investors pulled out Rs 12,257 crore (USD 1.4 billion) from Indian equities in the first week of September, weighed down by a stronger dollar, US tariff concerns, and persistent geopolitical tensions.
Trump may hold bilateral talks with China’s Xi Jinping in South Korea amid tariff battle: Report
President Trump and his advisors are reportedly planning a trip to South Korea in October for the APEC trade ministers' meeting. This summit presents a crucial opportunity for Trump to potentially meet with Chinese President Xi Jinping to discuss trade, defense, and civil nuclear cooperation. The administration also aims to secure further economic investments in the U.S. during the trip.
Potus undoes some knots in ties; PM Modi responds in kind
Despite recent trade tensions, Prime Minister Modi and President Trump express mutual appreciation for the India-US partnership. Trump acknowledges their "special relationship," even while expressing disappointment over India's oil imports from Russia and imposing tariffs. Modi reciprocates Trump's positive assessment, emphasizing the forward-looking nature of their strategic alliance, signaling a potential thaw in relations.
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Deeply appreciate Trump's sentiments, says PM Modi after US President's 'good friends' comment
Prime Minister Narendra Modi affirmed the strong, forward-looking Comprehensive and Global Strategic Partnership between India and the United States, reciprocating President Trump's positive sentiments. Trump acknowledged a special relationship with India, despite expressing disappointment over India's energy ties with Russia and imposing tariffs. These remarks followed concerns about India's alignment with Russia and China at the SCO summit.
Trump makes U-turn on India, calls PM Modi ‘a great friend’ a day after ‘lost to darkest China’ swipe
Amidst tensions over tariffs and Russian oil purchases, US President Donald Trump stated that the India-US relationship remains "special," despite earlier suggesting India and Russia were lost to China. Trump expressed disappointment over India's energy ties with Moscow, citing a 50% tariff imposed on India.
No reduction in overall cargo shipments from India: Sonowal
Despite a 50% US tariff on Indian goods, Union Minister Sarbananda Sonowal asserts that overall cargo shipments from India remain unaffected. Exports to the US increased by 21.64% during April-July. VOC Port is pioneering green initiatives, including a green hydrogen project and a green methanol bunkering facility, contributing to India's economic goals.
India looking beyond US for pharma exports amid tariff tensions
India aims to increase medicine exports to Africa, Latin America, and Southeast Asia. This strategy reduces reliance on the United States due to tariff concerns. The Pharmaceuticals Export Promotion Council of India also plans to increase finished goods sales to Cheen. This addresses the trade deficit. The industry imports raw materials from Cheen.
GST cuts positive, but Trump’s tariffs could offset gains: Saurabh Mukherjea
India’s economy has received a significant boost with the government’s latest GST reforms, aiming to revitalize consumption, which accounts for roughly 60% of the country’s GDP. Experts, however, caution that external and domestic headwinds could offset the gains.
US tariffs hurting Indian exports; Russian oil giving big boost to balance of payments: Urjit Patel
Patel noted that Indian exports to the United States have been hit hard. “About 55 per cent of our exports to the US at the moment are facing punitive tariffs, and these are the sectors where the pain needs to be mitigated,” he said. According to him, while the US accounts for 13 per cent of world trade, “87 per cent of global trade is carrying on as before, so there is scope for trade deepening.”
Trump has no understanding of economics, India holds 21st century's deciding vote and justified tariff policies: Edward Price
An analyst criticizes Donald Trump's India policy. Edward Price warns trade disputes harm relations. Trump's tariffs misunderstand economics. India's policies are justified for development. Price suggests India may align with China, Russia. Modi reminds the US of his options. Price recommends removing tariffs and offering an apology. He emphasizes India's importance in US-China competition.
GST, tariffs, and market moves: Manishi Raychaudhuri decodes what investors should watch out for
India’s GST meeting may cut tax slabs on discretionary items, potentially boosting consumption if benefits reach consumers. Global trade tensions, especially U.S. tariffs, pressure exporters, while rising bond yields reflect inflation concerns. Precious metals remain safe-haven favorites amid geopolitical risks, keeping investors cautious yet opportunistic.
Indian refiners' 'signalling' plans to trim Russian oil imports after pressure, claims US Congressman after India visit
In a release issued on Tuesday (local time), following the conclusion of his two-week mission to South Asia, Fitzpatrick claims that while in India, his delegation engaged in strategic discussions with senior officials, including the External Affairs Minister S Jaishankar and National Security Advisors.
Hope to finalise US trade pact by November, says Piyush Goyal
Piyush Goyal anticipates concluding a trade agreement with the US by November. Trade talks with the European Union are progressing well. Relations with China are improving as border tensions decrease. India has already finalized trade agreements with Mauritius, Australia, EFTA, the UK, and the UAE. India aims to be self-reliant by ensuring resilient supply chains.
US IPO market reopens for fall as Trump tariff jitters ebb
A slew of companies across sectors, ranging from crypto to consumer, launched IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump's tariffs started to ease.
Russian crude discounts widen; India continues purchases despite US pressure
Washington is increasing pressure on New Delhi over its growing imports of Russian oil, even as Moscow offers deeper discounts. The US has imposed tariffs on Indian goods, including a 50% tariff on Russian oil imports, citing concerns that these purchases are funding Russia's war in Ukraine. Despite US pressure, India is likely to continue procuring Russian crude.
‘Gaddar Trump ka Antim Sanskar': Peter Navarro’s remark on ‘Brahmins’ sparks memefest in India
Peter Navarro's controversial statement accusing Brahmins in India of profiting from Russian oil trade has sparked widespread mockery and criticism online. Indian users responded with humor and sarcasm, turning the issue into a meme trend on social media.
Gold at record highs: Can prices really touch Rs 1.20 lakh by 2025-end?
Gold prices have soared to a record high of Rs 1,06,539 per 10 grams on MCX, mirroring a global rally fueled by expectations of a U.S. Federal Reserve rate cut. Geopolitical tensions and a weak rupee further propelled the surge.
SCO Summit optics misleading; China still a strategic rival, warns Swaminathan Aiyar
Donald Trump's claim about India agreeing to reduce tariffs to "almost nothing" has been dismissed by economist Swaminathan Aiyar as unpredictable rhetoric. Aiyar argues that Trump's tariff war is more about geopolitics, stemming from India's stance on Russia and oil imports. Despite external pressures, India's economy shows resilience, with GDP growth surpassing expectations, indicating a capacity to withstand tariff pressures.
"Shredded" decades of efforts to align India away from Russia: Former Trump advisor John Bolton slams US President over tariff policy
John Bolton criticizes Donald Trump's tariff policy, asserting it has damaged Western efforts to align India away from Russia and address the threat from China. Bolton suggests Trump's approach has provided Xi Jinping an opportunity to reshape the geopolitical landscape. New Delhi faces economic tensions due to US tariffs and its purchase of Russian crude oil.
Trump's bright anti-China idea begins to dim
The Quad, a strategic alliance between the US, India, Japan and Australia, faces internal strain due to Trump's unpredictable foreign policy. His cancellation of the India summit and strained relationships with key leaders like Modi and Albanese have caused unease. As members independently engage with China, the Quad's future as a united front against Chinese assertiveness is undermined.
US Embassy calls India-US partnership as 'defining relationship of 21st century' amid PM Modi’s Xi-Putin meet
The US Embassy in India shared an optimistic post on Monday on the enduring friendship between Washington and New Delhi and called it a defining relationship of the 21st century.
SCO summit signals strategic shift amid US tariff uncertainty
The SCO summit marked a turning point in India-China ties, with both nations pledging to boost trade, ease travel, and deepen cooperation amid US tariff tensions. Modi’s grand reception, China’s trade overtures, and shifting supply chains highlight a pragmatic push toward multipolarity, positioning India and China as crucial global partners.
Engineering exports to Turkey, UAE, Saudi Arabia, Singapore fall sharply in July
Indian engineering exports in July 2025 totaled US$10.43 billion, up from US$9.16 billion in July 2024, representing a 13.81% year-over-year growth.
Container volume growth likely to moderate by 100-150 bps due to US tariffs: Report
A new report indicates that India's container volume growth is expected to slow down due to US tariffs on key export sectors like home textiles and gems. While overall growth is projected at 8%, reaching 380 million metric tonnes, this is a moderation. Rising insurance and shipping costs, coupled with geopolitical tensions, are also impacting the sector.
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