EU-US trade talks: European bloc halts tariff retaliation after Trump deal; pause expected to last six months
Tuesday, 5 August 2025 () The European Union has decided to suspend its planned retaliatory tariffs on US goods, valued at 93 billion euros, following a trade agreement between US President Donald Trump and European Commission President Ursula von der Leyen. This six-month pause, a significant concession from the EU, aims to restore stability and predictability for businesses on both sides of the Atlantic.
Trump has officially ruled out Scott Bessent for the next Fed chair, telling CNBC that Bessent “wants to stay where he is.” The decision follows the surprise resignation of Fed Governor Adriana Kugler, giving Trump another opportunity to reshape the Federal Reserve with loyalists. Remaining...
As Trump threatens a steep tariff hike on Indian goods over its oil trade with Russia, India's NSA Ajit Doval arrives in Moscow for urgent talks. His visit underscores India’s resolve to deepen..
Trump has announced an additional 25% tariff on Indian goods, citing trade imbalances and strategic concerns. In a fiery statement, he also threatened to impose punitive measures on any country..
In a fiery press conference, US President Donald Trump denied ever specifying a 100% tariff on countries importing oil from Russia — just days after threatening India for being Moscow’s top energy..
Tuesday, 5 August 2025 ()
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