Coal output fell 3.8% due to heavy rains and inspections. Analysts warn of weak domestic demand and rising protectionism affecting future exports as the property market struggles.

China’s steel and coal output falls as supply pressures and bad weather bite

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

Trump argued that the tariff burden mostly falls on foreign companies rather than US consumers. Goldman Sachs analysis indicated that US consumers have absorbed a significant portion of tariff costs and warned that continued tariffs could slow growth

Trump hits out at Goldman Sachs CEO over tariff research

While a tariff truce provides temporary relief, underemployment and lower incomes worsen. Many factories replace full-time staff with temp hires, leading to declining pay rates and increased job seeker competition, risking deflation in lower-skill industries.

China’s factories slash shifts and wages as US tariffs squeeze export margins

Current tariffs remain at 30% on Chinese imports to the US and 10% on US goods to China, benefiting American retailers ahead of the holiday season. Analysts view this extension as temporary relief, raising hopes for a potential deal amidst ongoing negotiations.

US, China extend tariff truce by 90 days, avert near-total trade freeze

President Trump signed a last-minute executive order delaying high US tariffs on Chinese goods for 90 days, preventing major increases and easing tensions following trade talks in Stockholm.

US-China tariff deadline pushed: Trump signs last-minute order to extend trade truce with Beijing by 90 days to avoid escalation

Economists expect a drop to 1.75% by year-end. Global central banks, including the US Federal Reserve, are also maintaining steady rates amid uncertainty. Market expectations for a cut have shifted.

ECB likely to delay final rate cut of cycle until December

The deal aims to enhance investment and trade, reflecting improved bilateral relations and potential energy cooperation. The trade negotiations reflect a broader warming of the US–Pakistan relations after years of strained ties. 

Pakistan, US in final stretch of trade deal talks after 19% tariff win

The price gap between New York and London narrowed, with futures trading about $65 an ounce above the spot benchmark. Analysts urge for clarity, as uncertainty disrupts market stability. Traders look forward to US inflation data for cues on interest rate policy.

Gold market holds steady as traders await US tariff clarity

Market sentiment remains bearish due to geopolitical tensions, economic forecasts, and upcoming US inflation data, which are influencing demand.

Oil prices slide as markets eye US–Russia Ukraine peace talks

With Trump fresh tariffs adding uncertainty to inflation, the data will be key to gauging how consumer prices are responding. A packed economic calendar and multiple Fed speeches this week could shape market sentiment ahead of September’s policy meeting.

US Treasury rally pauses as markets brace for inflation test

The move, which comes amid a 90 day delay in broader US tariff hikes, raises prices by up to 40% for some varieties and aims to ease tensions before talks expire potentially averting another flashpoint in agricultural trade.

Mexico hikes tomato export prices to dodge Trump’s 17% tariff

Trump 50% tariff on Indian goods and levies on other nations are reshaping global markets, from US inflation pressures to rate decisions in Asia, Europe, and Latin America. This week data will test how far the ripple effects go.

US inflation set to tick higher as Trump tariffs hit consumers

Trump 50% tariff on Indian exports, partly over Russian oil, hits investor sentiment and threatens India’s manufacturing ambitions, while global funds shift toward cheaper Chinese equities.

Trump tariffs threaten to widen $6.3 trillion gap between China and India markets

US President Trump announced the start of his tariff regime, claiming it brings money into the US. He criticised countries for exploiting the US and slammed a "radical left" court. He added that reciprocal tariffs would take effect at midnight.

'IT’S MIDNIGHT': Trump tariffs in effect NOW, US president points out only thing stopping America's 'greatness'

US President Donald Trump on Tuesday (local time) stated that he had no knowledge that the United States imports Russian chemicals and fertilisers. His statement came when he was asked about his country's business with Russia as he continues his attack on India over Russian trade 

I don't...: Trump's SHOCKING response to India's claim about US-Russia uranium and fertilizer trade

Congress MP Shashi Tharoor warned that US President Trump’s new 25% tariff on Indian goods, raising total duties to 50%, could hurt exports, benefit competitors, and push India to diversify trade markets.

Tharoor warns Trump’s 50% tariff will make Indian goods ‘unaffordable’ in US

US President Donald Trump said that he never specified the exact rate of tariffs he would impose on countries doing business with Russia. He hinted that his decision would come after the meeting between Steve Witkoff and Russian leaders 

Will US impose 100% tariffs on countries purchasing Russian energy? Trump REVEALS his plans amid Witkoff's Moscow visit

Nikki Haley said that not just India, but also China, is a number one buyer of Russian oil, but got a pass as the US gave it a 90-day tariff pause.

‘Don’t burn relationship with India’: Nikki Haley defends India, accuses Trump of favouring China amid tariff threats

Russia said that Trump’s policy risks slowing global economic growth, disrupting supply chains, and deepening the fragmentation of the international economic system.

Russia accuses US of ‘neocolonial agenda’ after Trump’s tariff threats on oil

“India has been targeted by the United States and the European Union for importing oil from Russia after the commencement of the Ukraine conflict,” the MEA said on X (formerly Twitter).

‘Unjustified, unreasonable’: India slams Trump’s tariffs, calls West ‘hypocritical’ over Russian oil trade

The threat comes just a week after Trump announced a 25 per cent tariff on India. In a new post in Truth Social, Trump cited India’s close ties with Russia as the key reason behind the tariff revision.

Trump warns of ‘substantial hike’ in tariffs on India over Russian oil purchase

With oil prices near $70 and surplus risks rising, OPEC+ production surge tests global demand resilience amid US-Russia tensions and Trump inflation fight.

OPEC+ agrees to major supply hike as Trump eyes lower oil prices

With sanctions tightening, Indian refiners face export hurdles, higher costs, and shrinking margins if forced to pivot from discounted Russian oil.

US pressure on Russian crude trade could inflate India’s oil imports by $11 billion

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China’s steel and coal output falls as supply pressures and bad weather bite

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

Trump hits out at Goldman Sachs CEO over tariff research

China’s factories slash shifts and wages as US tariffs squeeze export margins

US, China extend tariff truce by 90 days, avert near-total trade freeze

Trump signs last-minute order to extend trade truce with China by 90 days

ECB likely to delay final rate cut of cycle until December

Pakistan, US in final stretch of trade deal talks after 19% tariff win

Gold market holds steady as traders await US tariff clarity

Oil prices slide as markets eye US–Russia Ukraine peace talks

US Treasury rally pauses as markets brace for inflation test

Mexico hikes tomato export prices to dodge Trump’s 17% tariff

US inflation set to tick higher as Trump tariffs hit consumers

Trump tariffs threaten to widen $6.3 trillion gap between China and India markets

Trump tariffs in effect NOW: US president slams 'radical left court'

Trump's response to India's claim about US-Russia uranium and fertilizer trade

Tharoor warns Trump’s 50% tariff will make Indian goods ‘unaffordable’ in US

Will US impose 100% tariffs on countries trading with Russia? Trump says THIS

‘Don’t burn relationship’: Nikki Haley defends India amid Trump's tariff threats

Russia accuses US of ‘neocolonial agenda’ after Trump’s tariff threats on oil

India slams Trump’s tariffs, calls West ‘hypocritical’ over Russian oil

Trump warns of ‘substantial hike’ in tariffs on India over Russian oil purchase

OPEC+ agrees to major supply hike as Trump eyes lower oil prices

US pressure on Russian crude trade could inflate India’s oil imports by $11 bn