Prime Minister Narendra Modi welcomed US President Donald Trump’s call to resume trade talks, calling them key to unlocking India-US potential. Trump softened his tone after imposing steep tariffs, affirming friendship with Modi and optimism for a successful outcome.
Former US Charge d’Affaires to India Donald Heflin warned that Washington’s broken diplomatic norms and loss of career diplomats are complicating trade talks with New Delhi. While cautiously optimistic about incoming envoy Sergio Gor, he cautioned US unpredictability may strain ties
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Gold prices are expected to stay range-bound amid global trade uncertainty, key US macroeconomic data, and central bank cues. While domestic festive demand may offer support, a stronger US dollar and volatility persist. Silver surged on tightening supply and industrial demand
Sri Lankan rubber exporters are urging the US to cut Trump-era tariffs to 15–20 per cent to stay competitive with Indonesia. A government delegation is in Washington negotiating relief as the current 30 per cent duty threatens USD300 million in annual exports
US President Donald Trump said the country is close to finalising a trade deal with India, as his administration sends out tariff letters to other nations. India, spared from this round, has three more weeks to conclude an interim agreement