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July 30, 2025

India to Face 25% US Tariff as Trump Reaffirms August 1 Deadline

Washington: US President Donald Trump announced Wednesday that India will face a 25% tariff, plus additional penalties, starting August 1. Trump accused New Delhi of unfair trade practices and extensive energy and arms relations with Russia.

Accordi…

Fed Chair Powell Signals No Change in Policy Stance in September

Washington: US Federal Reserve Chair Jerome Powell said on Wednesday that the Fed may keep the policy rate constant while waiting to see if tariffs drive inflation, as the central bank left the policy rate unchanged again. Powell stated that they have…