U S TREASURY SECRETARY
US declines to label China a currency manipulator, but blasts its transparency policies The U.S. Treasury refrained from labeling China a currency manipulator in its latest report, citing a lack of transparency in Beijing's exchange rate policies. Despite this, the administration is prepared to take action if evidence of manipulation e...
06 Jun, 2025, 09.50 AM ISTTrump likes China's Xi Jinping, but finds him 'extremely hard' to make a deal with Donald Trump commented on US-China relations amid trade discussions. He described Xi Jinping as tough to negotiate with. Trade talks face hurdles as China hasn't fulfilled a tariff reduction agreement. Delays in rare earth export licenses worry Wash...
04 Jun, 2025, 12.07 PM ISTGold prices climb on softer dollar, Trump's fresh tariff threat Gold prices saw a rise due to Donald Trump's tariff threats. A weaker dollar also supported the increase. Trump plans to raise tariffs on steel and aluminum. This move prompted a warning of retaliation from Europe. Geopolitical tensions between Ukra...
02 Jun, 2025, 07.21 AM IST- ADVERTISEMENT
Trump, Xi likely to speak soon on minerals trade dispute, aides say Donald Trump and Xi Jinping are expected to discuss trade matters soon. This includes a disagreement over crucial minerals. Scott Bessent mentioned that China is restricting products vital for industrial supply chains. Trump believes this violates a...
01 Jun, 2025, 09.55 PM ISTCan Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts President Trump faces skepticism over his tax cut package's impact on the national debt, struggling to convince Republicans, investors, and even Elon Musk. Despite promises of spending cuts, deficits are projected to rise, leading to concerns about ...
01 Jun, 2025, 05.00 PM ISTInvestors rattled as yields surge — strategist labels Trump administration the new bond vigilante force US Treasury yields are up, causing investor anxiety. Donald Trump's tax bill is moving to the Senate. A trade court ruling on tariffs added to market jitters, though it was later halted. The Trump administration is watching long-term rates closely. ...
31 May, 2025, 09.22 PM ISTIndia, US to 'coordinate in the upcoming' Financial Action Task Force (FATF) processes Foreign Secretary Vikram Misri visited Washington, DC, engaging with US officials to advance the India-US COMPACT for the 21st Century. Discussions spanned economic ties, FATF collaboration, defence cooperation, and trade, emphasizing technology, tr...
31 May, 2025, 01.25 PM ISTTrump accuses China of violating trade deal, doubles steel and aluminum tariffs President Trump accused China of violating a tariff rollback deal, escalating trade tensions by doubling steel and aluminum tariffs to 50%. He claimed China was slow-rolling export licenses for rare earth minerals, critical for U.S. industries. Desp...
31 May, 2025, 06.57 AM ISTChina has violated tariff agreement with US, not surprisingly: Trump Donald Trump accused China of violating their agreement to roll back tariffs on critical minerals, expressing his dissatisfaction on social media. U.S. officials claim China is slow-rolling the issuance of export licenses for rare earths, while Chin...
31 May, 2025, 12.19 AM ISTI made a fast deal with China, but...: Trump accuses Beijing of violating trade agreement Donald Trump claimed he made a "fast deal" with China to rescue their economy from his tariffs, which he believed were causing economic hardship and unrest. However, Trump alleges that China has completely violated the agreement. This comes as China...
30 May, 2025, 06.44 PM ISTUS stock market futures today: Dow, S&P 500, and Nasdaq hold steady as Trump tariff threat, inflation data, and China trade stall shake investor confidence Stock futures remain steady as Wall Street braces for key inflation data and more news on Trump’s trade tariffs. Investors are watching closely after the court’s back-and-forth decisions on the legality of tariffs and renewed worries about stalled U...
30 May, 2025, 05.32 PM ISTTrump summons Fed's Jerome Powell, tells him he's making a mistake on rates President Trump met with Fed Chair Powell, expressing his disagreement with the Fed's interest rate policy and urging rate cuts to gain an economic advantage over other countries. Powell emphasized the Fed's commitment to setting monetary policy bas...
30 May, 2025, 07.02 AM ISTTanks, not T-shirts: What Trump really wants from tariffs President Trump clarified his tariff policy, emphasizing its focus on boosting domestic production of military and technology equipment rather than consumer goods. He stated the U.S. aims to produce military equipment, AI, computers, chips, tanks, a...
26 May, 2025, 08.28 AM ISTWall Street slides as Trump’s tariff threats triggers market uncertainty American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump's proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple's ...
24 May, 2025, 09.42 AM ISTWhat made Donald Trump impose 50% tariffs on EU? Here are the reasons why Europe needs to act quickly Donald Trump plans to impose a 50% tariff on EU imports from June 1. This follows US frustration with EU trade proposals. Treasury Secretary Scott Bessent says EU proposals are not good. He notes progress with India and Asian nations. Bessent mentio...
23 May, 2025, 10.16 PM ISTDollar swoons on fiscal worries, bitcoin extends record rally U.S. fiscal concerns and a weak Treasury bond auction sent the dollar to a two-week low against the yen. Investors, already wary after a Moody's credit rating cut, sought refuge in gold and Bitcoin, which hit a new high. Trump's spending bill faces ...
22 May, 2025, 07.41 AM ISTDollar forecast: US currency is sliding everyday. What to expect in 2025? Dollar is down on the year against every major currency. Donald Trump's tax bill would add $3 trillion to $5 trillion to the country's debt.
21 May, 2025, 10.31 PM ISTSouth Korea's won gains after report on US demand for stronger currency South Korea's currency rose sharply against the dollar on Wednesday after a media report that the United States had demanded that Seoul come up with measures to boost the won.
21 May, 2025, 05.08 PM ISTDollar on defensive as traders eye Trump tax bill, G7 currency talks The U.S. dollar weakened as President Trump struggled to gain support for his tax bill, and concerns arose about potential U.S. intervention for a weaker dollar. Trade war developments slowed, impacting currency markets, while rising U.S. Treasury y...
21 May, 2025, 07.22 AM ISTGold rises as dollar slips, Trump tariff threats fuel safe-haven demand Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent's reaffirmation of President Trump's tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold fu...
19 May, 2025, 07.34 AM IST