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RBI Governor Sanjay Malhotra stressed that the central bank remains focused on growth despite tariff and geopolitical challenges. He urged banks and corporates to revive investments, assured sector-specific support, and confirmed upcoming measures to expand credit and enhance financial inclusion
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Trade talks on the India-US bilateral agreement continues, with the sixth negotiation round scheduled for August 24 in India
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The government has pledged to safeguard farmers, exporters, entrepreneurs, and MSMEs as new US tariffs threaten over half of India’s merchandise exports. Calling the move “unfair,” New Delhi vowed to take all necessary steps to protect national interests
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US Vice President J.D. Vance said President Trump is still deciding on imposing tariffs on China for buying Russian oil, highlighting complexities in US-China relations. The US recently imposed a 50% tariff on India for similar purchases, drawing criticism from New Delhi.
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Donald Trump announced a 25% tariff on Indian goods, effective August 1, criticising high trade barriers and India's ties with Russia. His Truth Social post accused India of unfair practices and dependency on Russian military and energy supplies
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President Lula announced a new interministerial committee to coordinate trade countermeasures after US President Trump imposed a 50% tariff on Brazilian imports, citing political disputes involving Bolsonaro.
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President Trump has announced steep new tariffs, including 25% on Japan and South Korea, and new taxes on 12 more countries, stoking fears of slower economic growth and prolonged trade battles.
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The 126-paragraph statement by the leaders of 11 BRICS countries touched on a gamut of subjects from outer space to deep sea.
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Trump made remarks while speaking to reporters before departing White House for a rally in Michigan marking the first 100 days of his second administration. “India is coming along great. I think we'll have a deal with India," said the president
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"On Day One, President Trump initiated his America First Trade Policy to make America's economy great again," it said. "More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.
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Musk, an adviser to President Donald Trump has played a key role in government downsizing as the head of the newly created Department of Government Efficiency
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On Wednesday, his focus was explicitly on skilled workers.
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Other countries hit with higher rates are the UK, Japan, South Korea, Indonesia, Taiwan, the EU, Vietnam, Cambodia, Switzerland, Bangladesh, Pakistan and Sri Lanka.
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Mary Ng, minister of export promotion, international trade and economic development, said that Canada was seeking formal consultations with the US regarding tariffs on steel and aluminum
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The executive actions follow a discussion Trump held with Mexican President Claudia Sheinbaum and negotiations between Canadian and Trump administration officials
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"India charges auto tariffs higher than 100 per cent," he said in his address to a joint session of Congress on Tuesday, outlining his policies
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Trump says tariffs are to force the two US neighbours to step up their fight against fentanyl trafficking and stop illegal immigration
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The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05 in early trade and NSE Nifty slumped 243 points to 23,239.15
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These are promises made and promises kept by the President, says White House press secretary Karoline Leavitt
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Donald Trump said he can't guarantee that his promised tariffs on key US foreign trade partners won't raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned.