Trade War

Trump’s Tariff Rant After Modi’s SCO Moment With Xi & Putin

On the very day Prime Minister Modi walked alongside Vladimir Putin and Xi Jinping at the SCO Summit in Tianjin, U.S. President Donald Trump fired off a Truth Social post accusing India of a “one-sided” trade relationship, blaming tariffs, and warning that India’s oil deals with Russia “might be too late.” His trade adviser Peter Navarro went further, calling India the “Maharaja of tariffs” and commenting on PM Modi’s diplomacy with Russia and China. Meanwhile, Trump has already imposed 50% tariffs on Indian exports, half for “unfair trade” and half as a penalty for Russian oil purchases. Watch this report by Shivani Singh for details.

Explained: How Will Trump’s 25% Tariff Impact Indian Exports?

U.S. President Donald Trump has announced a 25% tariff on all Indian imports starting August 1, along with an unspecified penalty over India’s purchase of Russian crude and military gear. In this video, we break down how this move could hurt Indian exports—especially textiles, telecom, pharmaceuticals, gems, and MSMEs—and what it means for future trade talks with the US. Experts say the impact could be temporary—but significant—for labour-intensive sectors. Watch the full analysis.

Triple factors that are likely to guide the market course in the near term

How should investors position themselves amid Fed’s caution, IMF upgrades, and Trump’s punitive stance for India

Trump Pushes 10-Day Deadline on Russia, Oil Sanctions May Hit India and China | N18G

U.S. President Donald Trump has shortened Moscow's timeline from 50 days to just 10 to show progress on ending the war in Ukraine. If Russia fails to comply, Washington will impose fresh tariffs and sanctions. This sharp ultimatum is sending ripples across global energy markets. Russia exports over 7 million barrels of crude and refined fuels daily. Any curbs could trigger price surges, affect supply chains, and escalate global tensions. India and China, major buyers of Russian oil, are now in Washington’s crosshairs as the U.S. warns of secondary sanctions. Former Russian President Dmitry Medvedev slammed Trump's approach, calling it reckless. Meanwhile, OPEC+ producers might step in, but analysts warn even their spare capacity may not be enough to cushion the blow. Watch Shivani Singh's report for a full breakdown of what Trump’s 10-day deadline could mean for markets, diplomacy, and global energy flows. Subscribe to Moneycontrol for the latest international updates.

What does the EU-US trade deal mean for global trade uncertainty?

The recent EU-US trade deal represents a strategic stability play that masks deeper vulnerabilities in global value chains, with China controlling over 40% of intermediate goods in key sectors while American consumers face additional costs

Donald Trump’s tariff blitz brings US levies to highest levels since 1930s

Washington has locked in tariffs on almost 45% of American imports

EU readies €100 billion no-deal plan to match US' 30% tariff

The tariffs would be prepared to come into force next month but only if there is no deal and the US implements its levies after the August deadline, said the people who spoke on condition of anonymity to discuss private deliberations.

Trump Hints U.S.-India Trade Deal Nearly Final as Tariff Deadline Nears | N18G

he U.S. is nearing a major trade agreement with India as President Trump signals progress amid rising global tariffs. With new import duties set to hit on August 1, India could gain up to $7 billion in exports by stepping in where Europe loses ground. In this video, Shivani Singh breaks down the stakes, sectors that could benefit such as pharma, jewelry, and holiday goods, and what this potential deal means for U.S.-India trade relations.

Trump Slaps 30% Tariffs On Mexico & EU | Global Trade Shock Ahead Of August 1 Deadline | N18G

U.S. President Donald Trump announced that starting August 1, 2025, a 30% tariff will be imposed on all goods imported from Mexico and the European Union. Trump cited Mexico’s failure to stop the flow of fentanyl and other narcotics as a major concern, accusing the country of not doing enough to combat drug cartels. He also criticized the EU for persistent trade deficits and protectionist policies, calling for more balanced trade. In addition to Mexico and the EU, Trump sent tariff warning letters to over 20 countries, including Japan, South Korea, and Brazil, threatening duties ranging from 20% to 50% unless new trade agreements are reached. Trump emphasized that companies from these regions could avoid tariffs by relocating manufacturing to the U.S., promising expedited approvals. The announcement sparked worries in Mexico about rising costs and economic disruption, while EU officials condemned the tariffs as unfair, pledging to continue negotiations before the August deadline.

How the US is using tariffs to undermine China’s global trade network

The latest US tariff threats appear chaotic on the surface but reveal a deeper strategy aimed at stalling China's rise while also extracting concessions from allies

Quick Take: Asian stocks resilient despite new tariff threats, but is there a Trump strategy in play?

Financial markets are displaying scepticism toward Trump's new tariffs, with Asian stocks remaining resilient and currencies stable as investors bet these threats are merely negotiating tactics

Trump Ends 90-Day Tariff Pause — New Trade Letters Coming Before July 9 | N18G

President Trump’s 90-day pause on global reciprocal tariffs is set to expire on July 9, and he has no plans to extend it. Instead, he intends to notify each country individually about the tariffs they will face to do business with the U.S., sending letters to various countries specifying their rates. Trump recently announced a trade deal with Vietnam, allowing U.S. goods to enter duty-free, while Vietnamese exports to the U.S. will face a 20% tariff. This follows an earlier 46% tax on Vietnamese imports as part of broader reciprocal tariffs aimed at countries with trade deficits with the U.S. Despite the tariff suspension intended to enable negotiations, only the UK has reached a trade agreement so far. Trump also urged Iran to resume talks with special envoy Steve Witkoff and offered to meet personally if necessary. Iran, however, suspended cooperation with the International Atomic Energy Agency after U.S. airstrikes. Trump emphasized the goal is to help Iran become “a country again” and expressed concern for safety in Gaza.

Pressure to seal Trump trade deals ramps up with two weeks to go

As of July 9, exporting nations without a bilateral accord in place will face Trump’s so-called 'Liberation Day' tariffs that are much higher than the current baseline 10% level applied to most countries.

U.S-China Trade Talks: Lutnick Focuses On Framework That Should Resolve Rare Earth Issue | N18G

On June 11, U.S. Commerce Secretary Howard Lutnick announced that the United States and China had agreed on a trade framework and implementation plan during talks in London. The agreement aims to address and potentially resolve restrictions on rare earths and magnets—critical materials for various technologies. Lutnick stated that the U.S. team would present the framework to President Donald Trump for approval, while China’s Vice Commerce Minister Li Chenggang confirmed that their side would also seek leadership approval. The framework is part of broader efforts by senior economic officials from both countries to ease escalating trade tensions and competing export controls. These restrictions had posed a threat to the stability of a Geneva accord that had successfully reduced tariffs from extremely high levels. The new agreement represents a step toward cooperation, aiming to stabilize trade relations and prevent further deterioration in economic ties between the world’s two largest economies.

Industry should not ask for things that will make FTAs difficult: Sunil Mittal

Sunil Mittal also urged industry to collaborate with government in co-creating policies, and nudged CII to get more involved in pushing for 'One Nation, One Election' reform.

Trump’s myopic view on trade deficits mars the future of transatlantic cooperation against China

Trump’s latest tariff threat against the European Union exposes the fragile underpinnings of transatlantic trade. With mutual dependencies high and China lurking as a strategic rival, the US and EU face a tough test of economic diplomacy

Trump’s tariffs threaten 55% of EU exports to US, but India could pocket $13.8 billion in benefits: MC Analysis

The EU outranks India in most of exports headed to the US, in 644 tariff lines India’s exports to the US were higher than the single-currency bloc

Trade war's impact, key growth indicators: How global economy will shape up next week

US trade-policy fingerprints are expected to become more apparent as soon as next month, according to many economists

US stocks ‘astronomically complacent’ about trade war, says CLSA

Even with the trade war hanging over markets, the S&P 500 sits less than 5% off its record high from February, and close to the median year-end forecast of strategists tracked by Bloomberg.

Criminal Chips? Trump escalates US-China tech war with global warning on Huawei AI

The fragile truce between the US and China after the Geneva trade talks is already under pressure, with President Trump’s administration targeting Huawei’s AI chip ecosystem. The move marks a renewed escalation in the ongoing tech war between the two global powers

US-China rivalry heats up in Gulf tech, defence deals

President Donald Trump’s recent trip to Saudi Arabia, the UAE, and Qatar marked a dramatic shift in US foreign policy—from values-driven diplomacy to pure transactionalism. Massive tech, defence, and mining deals highlight an intensifying US-China rivalry playing out in the Middle East