Trump tariffs kick in; Bank of England likely to cut rates – business live
Rolling coverage of the latest economic and financial news
EN
Modi says ready to pay heavy price after Trump’s salvo of 50% tariff
Indian Prime Minister Narendra Modi refuses to compromise farmers’ interests amid US tariff hikes, as BRICS nations consider coordinated response.
Switzerland to hold ‘extraordinary meeting’ on US tariffs
Switzerland faces 39% US tariffs threatening key industries, while India and Brazil also confront escalating trade tensions.
Brazil’s Lula plans joint response to Trump tariffs with Modi, other Brics leaders
Brazilian President Luiz Inácio Lula da Silva urges Brics unity to counter US tariffs imposed by Donald Trump. He also accused former President Jair Bolsonaro of inciting the US against Brazil, deepening political tensions.
Tariff timeline: Major developments in Trump’s trade war
US President Donald Trump imposed additional tariffs on multiple countries, including India’s imports from Russia, while escalating trade tensions globally.
Modi to visit China after 7 years as US tensions rise
Indian Prime Minister Narendra Modi’s upcoming visit to China for the SCO summit signals potential thaw in bilateral ties amid escalating US-India trade tensions.
Trump threatens 50% tariffs on India over ties to Russia and Brics bloc
White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’
Trump-Modi ties hit rock bottom with new tariffs on India over Russian oil
Trump’s tariff threats and social media outbursts have raised concerns about the state of India-US relations.
Trump adds 25% tariff on India over Russian oil purchases
It would be added on top of a separate 25 per cent tariff entering into force on Aug 7.