CHINA TARIFF ROLLBACK DEMAND
Two truces bring multi-pronged relief for Indian rupee
The Indian rupee saw relief after India and Pakistan ceased military hostilities. A tariff truce between the United States and China also helped. The rupee recovered its losses. It strengthened to 84.6350 against the U.S. dollar. Forward premiums and volatility expectations eased. The U.S. and China agreed to reduce tariffs temporarily. This eased fears of a global economic trade war.
Oil prices ease off 2-week highs after US, China pause tariff war
Oil prices saw a slight decrease on Tuesday. This followed a recent agreement between the United States and China to reduce tariffs temporarily. The agreement had initially boosted prices. However, underlying issues between the two nations persist. Brent crude futures and U.S. West Texas Intermediate crude both experienced minor drops.
Global stocks rally after US, China pause tariff war, but uncertainty remains
Global stock markets rallied following a U.S.-China agreement to temporarily reduce tariffs, easing fears of a global recession. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce duties on U.S. imports to 10%. China also agreed to lift export restrictions.
Metal stocks surge as US-China trade deal eases economic concerns
The Nifty Metal index jumped 5.9% - its best single-day performance in three years. Hindustan Copper soared 10%, emerging as the top gainer of the day. Steel Authority of India Limited (SAIL), National Aluminium Company (Nalco), Tata Steel and JSW Steel, which gained 5-8% each.
US-China truce unlikely to trip phone companies' Make-in-India play
The US-China tariff pause is unlikely to hinder India's mobile phone production growth, as a 20% tariff advantage remains, though only until July 9. Geopolitical factors still favor India as a supply chain alternative. While the industry is optimistic about a bilateral trade agreement with the US, executives caution against complacency given the fluid global situation.
Here's a look at the sectors getting a boost from the truce in the US-China trade war
US and China reached a 90-day trade truce, slashing tariffs and sparking a market rally. Shares of companies reliant on Chinese sourcing—especially in footwear, apparel, retail, and travel—surged, as investors anticipated reduced costs and improved consumer sentiment amid easing trade tensions.
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Will Trump again increase tariffs on Chinese goods if US-China fail to make a deal? Check details
After US and China agreed to a deal that will significantly cut the import tariffs, US President Donald Trump expressed confidence and said he doesn't see US tariffs on China imports rising back to 145 percent. He asserted that US and China will reach a deal. The President also said he would speak to Chinese President Xi Jinping maybe at the end of the week. He said US tariffs on goods imported from China could still return.
Trump hails 'total reset' with China but doesn't give Beijing tariff relief on cars, steel, pharma in trade deal
US President Donald Trump announced a "total reset" in trade relations with China following a temporary tariff truce. The agreement involves both nations reducing tariffs for 90 days to facilitate further negotiations, with the US scaling back duties on Chinese goods to 30% and China lowering tariffs on American imports to 10%.
As you slept, gold prices fell; here’s what happened
Gold prices drop as the US-China tariff deal eases global trade tensions, leading to a sharp 3% fall in spot gold to $3,223.57 an ounce—its lowest level since May 1. The 90-day agreement to cut reciprocal tariffs by 115% pushed the U.S. dollar higher, reducing investor demand for safe-haven assets like gold. Analysts say short-term volatility will remain, but central banks might use this dip to increase gold holdings. With U.S. CPI data around the corner, all eyes are on the Federal Reserve’s next move. This developing story could impact gold prices even further.
Is US-China trade war over or tariff cuts may be just a temporary fix? All your FAQs answered
The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other, in a major de-escalation of their trade war. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held talks in Switzerland.
U.S. stock market futures today: Dow soars over 900 points, S&P 500 and Nasdaq rally as trade truce fuels optimism — Nvidia, Tesla, and Microsoft in focus, but should investors stay cautious?
U.S. stock market futures today: Dow futures surge as Wall Street reacts to positive signs from the weekend’s U.S.-China trade talks. Investors cheered the progress after both nations hinted at a deal to ease trade tensions. With stock futures rising and the dollar gaining strength, markets are hopeful for more clarity this week. Key updates from the White House and China suggest further talks are coming, calming fears of more tariffs. As oil climbs and gold dips, traders brace for inflation data ahead.
U.S. and China agree to temporarily slash tariffs in bid to defuse trade war
America and China agreed to reduce tariffs temporarily. This happened while both countries tried to resolve their trade issues. The agreement suspended tariffs for 90 days. The United States would reduce tariffs on Chinese imports. China would lower import duties on American goods. Both countries hope to avoid further escalation. Ongoing negotiations will involve key officials from both nations.
US-China deal to roll back high tariffs presents challenges, opportunities for India: Exporters
A temporary tariff truce between the US and China presents India with both opportunities and challenges. While increased US-China trade may intensify competition in some markets, India can leverage its strengths in sectors like pharmaceuticals and IT. Experts suggest India should proactively seek preferential trade access with the US and encourage domestic manufacturing to mitigate potential risks.
Metal stocks surge over 8% as US-China tariff truce lifts market sentiment
Domestic metal stocks rallied over 8% after the US and China agreed to ease tariffs for 90 days, boosting global metal prices and market sentiment.
Crypto prices today: Bitcoin tops $105K on US-China trade optimism; Altcoins mixed
Bitcoin price increased beyond $105,000. This rise happened because of positive news about trade between the U.S. and China. More people are also interested in cryptocurrencies. The value of all cryptocurrencies is now $3.46 trillion. Some experts think Bitcoin might go even higher. Others suggest a possible slight drop in price soon. Altcoins showed mixed performance.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. officials initiated discussions with their Chinese counterparts in Geneva, aiming to de-escalate trade tensions marked by escalating tariffs. While a major breakthrough seems unlikely, both nations hope to scale back tariffs on each other's goods, potentially easing pressure on global markets.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
How US-China tariffs reached sky-high levels in 3 months
US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
US-China trade talks a 'positive' step toward de-escalation: WTO chief
The head of the WTO has welcomed upcoming talks between US and Chinese officials this weekend, calling them a "positive and constructive step toward de-escalation" in their ongoing trade dispute, her spokesperson said on Friday.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
China says it has full confidence in ability to manage US trade issues
Chinese Vice Foreign Minister Hua Chunying expressed confidence in China's ability to manage U.S. trade issues ahead of crucial talks in Switzerland. Hua asserted that the U.S. trade policy is unsustainable, emphasizing the impact of tariffs on ordinary Americans. Despite not wanting conflict, China is prepared to face challenges and believes the U.S. will eventually return to a normal approach.
US weighs plan to lower China tariffs to as low as 50%: Report
Reports indicate that the Trump administration may reduce tariffs on Chinese imports. The tariff could be slashed by more than half. The New York Post reported this news citing sources. However, the White House has dismissed the report. The White House calls it speculation. The White House spokesperson said that tariff decisions will come directly from the President.
Trade game begins, first moves on board
The People's Bank of China cut interest rates amidst trade negotiations with the US, signaling a focus on growth targets despite uncertain impact on demand. Meanwhile, the US Federal Reserve held rates due to tariff-induced inflation concerns. With China facing a slowdown and the US grappling with inflation, both nations may eventually need fiscal measures to facilitate a trade settlement.
Trump says China wants to negotiate, meet at right time
President Trump announced that China is eager to negotiate a trade deal to resolve tariff disputes, and he suggested potential renegotiations of the United States-Mexico-Canada Agreement at an appropriate time.
From tariff cuts to MSP rollback: GTRI on likely US demands in India trade deal
The United States aims to reshape India's trade policies. This is part of a proposed agreement. The US seeks tariff cuts and regulatory changes. These changes could benefit American firms. Key areas of focus include agriculture and dairy. The US wants changes to India's minimum price support programs. They also want easier access for US retail giants.
Wall Street predictions for next week: After 9 days of straight gains, will the S&P 500 and Nasdaq continue the momentum? Here are the key pointers
Wall Street rally hits a 9-day winning streak, its longest since 2004, bouncing back from losses caused by President Trump's trade war escalation in April. Driven by strong job data and fresh hopes for easing U.S.-China tensions, the stock market recovery saw the S&P 500 rise 1.5%, the Dow Jones climb 1.4%, and the Nasdaq gain 1.5%. Despite a few weak earnings and ongoing tariff uncertainty, investors remain cautiously optimistic. This detailed breakdown explores what's fueling the momentum, how tariffs and jobs data are shaping trends, and what it means for the economy ahead.
Gold climbs Rs 1,080 to Rs 96,800/10 gm, silver jumps Rs 1,600
Gold prices climbed Rs 1,080 to Rs 96,800 per 10 grams in the national capital on Friday due to fresh buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association.
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