India's sovereign rating was upgraded to BBB from BBB- on Thursday by the S&P Global Ratings agency after a gap of 18 years. This position has now moved India a step closer to the coveted A-level category, signalling stronger creditworthiness to global investors.

S&P Global upgrades India’s credit rating to BBB after 18 years, FinMin responds — Details inside

India’s government has made it clear that it will not back down on certain key sectors during the trade negotiations. In particular, the country is firm in its stance on agriculture and dairy, which it considers red lines. 

India draws ‘red line’ as the US trade negotiations proceed after 50% tariff hike

PG Electroplast profit forecast cut hurt electronics manufacturing. SBI has mixed signals with growth but warns of margin pressure. The hospitality sector performs steadily, yet underperforms market, while tariff tensions hinder India growth prospects.

Indian electronics makers lose steam as US tariff risks loom

The downturn in US imports is attributed to the unpredictable nature of US trade policy, particularly under President Trump. Several rounds of tariffs went into effect in early August, with duties now ranging from 10 to 50 per cent on products from multiple countries. 

US imports drop as tariff uncertainty takes toll on retailers

Switzerland, home to the world’s largest gold refining industry, exported $61.5 billion in gold to the US in the 12 months through June. The new ruling could slap an estimated $24 billion in additional duties on that trade volume alone.

US slaps surprise tariffs on Swiss gold bars, roiling global bullion market

While many Southeast Asian countries can take comfort in the adjustments, not all have escaped unscathed. Laos and Myanmar’s high tariffs could dampen their export-driven economies further, and analysts fear these nations will be unable to cope with such significant trade barriers.

Southeast Asia dodges worst-case US tariff impact, but challenges remain

The weekly report has now raised concerns over the US job market and America's economy as Trump moves forward with a radical trade policy, imposing high tariffs all across the world.

'Bulls**t! Trump crashing economy': Democrats slam Trump as unemployment rate rises in America amid 'chaotic' tariffs

A group of five small business owners and 12 Democratic-led states challenges his use of the International Emergency Economic Powers Act (IEEPA) for implementing tariffs, arguing it does not legally permit customs duties. 

Trump’s trade tariffs face key legal test in US court

Economic pressures, US tariffs, and uncertainties in major markets like the US and China are impacting demand. Investors are cautious, with LVMH shares down 27% this year. Brands are pivoting to lower priced items, though this risks brand integrity.

Luxury giants feel the chill as US tariffs, high prices hit demand

Although Ishiba remains PM, his position has weakened. The yen rose 0.7% against the dollar, while Japanese bonds saw increased volatility. Markets are closely monitoring potential alliances in parliament and ongoing trade negotiations with the US as tensions escalate.

Yen gains as Japan faces a political shake-up after a major election blow

In anticipation of the tariffs, several major pharmaceutical companies, including Novartis, Sanofi, Roche, and US-based Eli Lilly and Johnson & Johnson, have announced large-scale investments in US manufacturing. 

Pharmaceutical industry braces for impact as Trump threatens 200% tariffs

Currently, the United States has a blanket tariff of 10 per cent, but the president indicated that the new higher rates will be enacted as soon as next month.

Trump to impose 15-20% blanket tariffs on most trade partners

United States President Donald Trump did not elaborate on his reference to anti-American policies in BRICS but threatened tariffs on countries aligning with BRICS policies unless they negotiate by August 1.

'Any country aligning themselves...': Trump's BIG tariff threat to BRICS countries for 'anti-American policy': Here's what he said

Crude prices slip after a brief rally, pressured by weak China and US demand data, looming US tariff hikes, and anticipated OPEC+ supply increases.

Oil prices slip as US tariff deadline, OPEC+ output hike loom

Seoul exports rose 4.3% in June, driven by strong chip demand, but US and China-bound shipments fell amid ongoing tariff tensions.

South Korea trade improves on tech boom, struggles with US tariffs

Tokyo is trying to strike a trade deal with the United States as July 9 tariff deadline looms; falling exports are adding pressure to the fragile Japanese economy.

Trump threatens Japan with 25% auto tariffs ahead of deadline, citing ‘unfair’ trade

The Trump administration faces internal doubts about the tariff timeline; US trade pacts remain incomplete with most of its trading partners.

Trump says he’ll stick to July 9 tariff deadline, warns countries to finalise trade deals

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” Trump wrote. “We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period.”

Trump terminates trade talks with Canada, cites ‘egregious tariffs’ on US tech firms

The Bank of Japan faces scrutiny ahead of its policy meeting, with potential interest rate hikes anticipated if inflation risks intensify. Economic complexities challenge efforts to manage inflation while supporting recovery.

Japan’s core inflation slows in Tokyo but stays above BOJ’s 2% target

US–EU trade pact nears finalisation with compromises on climate rules, digital markets, and supply chains. But major tariff disputes, including Trump threatened duties, remain unresolved as July deadlines loom.

US–EU near trade deal, but tariff rift remains: Details here

This exemption, exploited by companies like Shein and Temu, allowed packages under $800 to enter duty-free, but its removal has forced exporters to restructure and raise prices. 

US tariff hike slashes China’s small parcel exports by 40% in May

Trump greenlights Nippon Steel’s acquisition of US Steel with an $11 billion investment pledge and national security safeguards, ending a politically charged 18-month saga.

Trump clears Nippon Steel’s $14.9 billion takeover of US Steel after 18-month battle

As US-China trade tensions escalate, Apple shifts production to India, exporting $3.2 billion worth of iPhones in three months to avoid new tariffs and protect its US market.

Foxconn ships 97% of India-made iPhones to US as Apple dodges Trump's China tariffs

This is not Shein first clash with European authorities. On 27 May, the European Commission issued a stern warning to the company, citing breaches of EU law related to fake discounts, pressure selling, and deceptive product labels.

Shein under EU fire as consumer watchdog slams ‘dark pattern’ sales tactics

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S&P Global upgrades India’s credit rating to BBB after 18 years, FinMin responds — Details inside

India draws ‘red line’ as the US trade talks proceed after 50% tariff hike

Indian electronics makers lose steam as US tariff risks loom

US imports drop as tariff uncertainty takes toll on retailers

US slaps surprise tariffs on Swiss gold bars, roiling global bullion market

Southeast Asia dodges worst-case US tariff impact, but challenges remain

'Trump crashing economy': Democrats slam US prez as unemployment rate rises

Trump’s trade tariffs face key legal test in US court

Luxury giants feel the chill as US tariffs, high prices hit demand

Yen gains as Japan faces a political shake-up after a major election blow

Pharmaceutical industry braces for impact as Trump threatens 200% tariffs

Trump to impose 15-20% blanket tariffs on most trade partners

Trump threatens BRICS countries for 'anti-American policy': Here's what he said

Oil prices slip as US tariff deadline, OPEC+ output hike loom

South Korea trade improves on tech boom, struggles with US tariffs

Trump threatens Japan with 25% auto tariffs citing ‘unfair’ trade

Trump says he’ll stick to tariff deadline, warns countries to finalise deals

Trump terminates trade talks with Canada, cites egregious tariffs on tech firms

Japan’s core inflation slows in Tokyo but stays above BOJ’s 2% target

US–EU near trade deal, but tariff rift remains: Details here

US tariff hike slashes China’s small parcel exports by 40% in May

Trump clears Nippon Steel’s $14.9 billion takeover of US Steel

Foxconn ships 97% of India-made iPhones to US amid Trump traffic tension

Shein under EU fire as consumer watchdog slams ‘dark pattern’ sales tactics