The move spares smartphones and pharmaceuticals but endangers $87 billion in trade, with Bloomberg Economics warning of a potential 60–80% export drop and a GDP hit of nearly 1%.

India faces record-high US tariff rate, exports worth $87 billion at risk: Details here

Amid mounting pressure, Iran has repeated its long-standing threat: to close the Strait of Hormuz. This narrow waterway, just 33 kilometres wide, is the world’s most critical oil transit chokepoint.

Israel–Iran war strains economies: What happens if Strait of Hormuz shuts down?

The GENIUS Act sets the stage for US stablecoin regulation amid rising scrutiny of Trump’s billion-dollar crypto empire and political lobbying in Washington.

GENIUS Act: US Senate passes landmark crypto bill amid Trump’s billion-dollar stablecoin push

Business & Economy: The stay allows the tariffs to remain in place until 9 June, when further legal arguments will be heard. 

Trump gets slight relief as tariffs temporarily reinstated amid ongoing legal battle

Business & Economy: However, the central bank path forward remains uncertain due to a slump in factory output and intensifying trade tensions with the US. 

Japan’s inflation at two-year high intensifies pressure on rate hike, but US trade tensions cloud outlook

Business & Economy: This comes amid China is grappling with major trade tensions with the US and the EU.

China’s May factory slowdown likely to deepens as trade tensions with US and EU escalate

Business & Economy: The decision was made public in a joint court filing, and the SEC stated that the decision was based on policy considerations, not its stance on cryptocurrency regulation. 

Trump-era SEC drops Binance lawsuit: Is it a landmark shift in Crypto regulation?

Business & Economy: This decision is crucial for India-US trade negotiations, as tariffs imposed under Trump 2025 executive order remain paused until July 9.

US court rules Trump tariff illegal: How it will impact India-US trade talks?

Business & Economy: This is the company's first time tapping Indian financial institutions for a loan, part of its $500 million investment plan for India. The terms are yet to be finalized.

VinFast seeks $200 million loan from Indian banks as it gears up for EV debut

Business & Economy: One of the more concerning takeaways from the RBI report is the sharp rise in the value of bank frauds.

From ₹2.69 lakh cr surplus to digital rupee pilots: Here's what RBI’s FY25 annual report outlines

Business & Economy: The rate cut comes just five days before South Korea’s presidential election on June 3, a timing that has raised eyebrows in some quarters.

Bank of Korea cuts rates to shield economy from Trump tariffs and political turmoil

Business & Economy: Germany has now overtaken Japan, with net external assets of ¥569.7 trillion, supported by its €248.7 billion current account surplus. China retained third place with net assets of ¥516.3 trillion.

Japan loses top creditor rank as economic troubles deepen

Author

Zee News Rajasthan

Editor

Archana Shukla

Home

Live Tv

Latest

World

India

Business

Entertainment

Sports

Opinions

Videos

Photos

Webstory

Gravitas

Lifestyle

Science

Tech

Rajasthan News in Hindi: In-depth coverage of Rajasthan Crime, Political News, Education, Rajasthan Weather Update and Latest Rajasthan News on Zee News Rajasthan.