US Treasury Secretary Scott Bessent has stated that the current priority is to use tariff revenue for debt repayment, rather than distributing it to the public.
Some Indian businesses and consumers are calling for a boycott of US goods and support for domestic products after former US President Donald Trump imposed 50% tariffs.
The ministry of industry and trade is expected to present to the prime minister today a set of tasks for various ministries and agencies to adapt to US tariff policies.
The flow of 480,000 tons of Brazilian coffee to the US annually is expected to be rerouted and dispersed to China and the EU as Trump imposes a 50% import tariff.
After the latest policy meeting, Fed Chair Jerome Powell left all options open for the September meeting, neither committing to nor ruling anything out.
The eurozone economy was almost flat in the last two quarters but improved significantly compared to the same period in 2024, according to Eurostat data.
