Articles in this Cluster
06-08-2025
The US and China remain at odds over China's continued purchase of oil from Russia and Iran despite US demands to stop. China has vowed to defend its sovereignty and energy interests, while the US threatens tariffs. Experts believe China is unlikely to change its stance due to its strategic solidarity with Russia and reliance on cheap oil imports.
Entities: China, US, Russia, Iran, Donald Trump • Tone: analytical • Sentiment: neutral • Intent: inform
06-08-2025
Asia-Pacific markets traded mixed on Wednesday as investors reacted to weaker-than-expected economic data and fresh tariff comments from U.S. President Donald Trump, who announced plans to impose new tariffs on semiconductors and chips. India's central bank kept interest rates steady, while Asian chip stocks fell following Trump's comments. Australian stocks hit a record high, and Cathay Pacific Airways was set to place a new aircraft order from Boeing.
Entities: Donald Trump, India, Reserve Bank of India, Asia, United States • Tone: analytical • Sentiment: negative • Intent: inform
06-08-2025
The article discusses U.S. President Donald Trump's interview with CNBC's 'Squawk Box', where he reaffirmed his stance on various policies, including tariffs on semiconductors and pharmaceuticals, and his criticism of the Federal Reserve. Trump announced plans to impose new tariffs on semiconductors and pharmaceuticals, with the latter potentially reaching 250%. He also discussed potential candidates to replace Jerome Powell as Fed chair. The article highlights the market's reaction to Trump's statements, including a pullback in major U.S. stock indexes due to weak services data. Additionally, it mentions OpenAI's potential valuation at $500 billion and India's central bank holding rates at 5.5%.
Entities: Donald Trump, CNBC, Federal Reserve, Jerome Powell, OpenAI • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
The article discusses the potential impact of the US imposing 50% tariffs on Indian goods, as announced by Donald Trump. While India's economy is diversified, certain sectors such as gems and jewellery, apparel, textiles, and chemicals are disproportionately exposed to US trade. Economists estimate that $8 billion worth of exports are vulnerable, but some sectors like IT services and pharmaceuticals are likely to be shielded from tariffs. The overall impact on India's economy is expected to be significant but not catastrophic, with some analysts pointing to potential government support measures for affected sectors.
Entities: Donald Trump, India, United States, UBS, Annex Wealth Management • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
The Reserve Bank of India (RBI) has decided to keep its policy rate steady at 5.5% amid rising trade tensions between India and the US, triggered by US President Donald Trump's threats of higher tariffs. The decision was in line with expectations from economists. The RBI had delivered an outsized 50 basis point cut in June and maintained its GDP growth forecast for the financial year ending March 2026 at 6.5%. However, it cut its inflation forecast to 3.1% from 3.7%. The move is seen as a pause, with analysts expecting further policy support only if there's a significant shift in the macroeconomic outlook.
Entities: Reserve Bank of India, Donald Trump, India, US, Russia • Tone: analytical • Sentiment: neutral • Intent: inform
06-08-2025
The article discusses the EU's $750 billion energy promise to the US, made as part of a trade deal, and how analysts are questioning its feasibility. The EU has pledged to purchase $750 billion worth of US energy products over the next three years, but experts say this target is unrealistic given current market conditions and the EU's existing energy imports from the US. The article highlights concerns about the potential consequences of the EU failing to meet this target, including tariffs of up to 35%.
Entities: Donald Trump, European Union, Eurasia Group, Emre Peker, CNBC • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
The article discusses how American businesses are struggling to avoid the negative impact of tariffs imposed by Donald Trump's administration, leading to a significant squeeze on their profits. Companies such as General Motors and Nike have seen their profits plummet due to the levies on imports, with Goldman Sachs estimating that American businesses are absorbing around three-fifths of the cost of the duties.
Entities: Donald Trump, General Motors, Nike, Goldman Sachs, America • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
The US government has collected nearly $30 billion in tariff revenue in July, a 242% increase from the same month last year, totaling $100 billion since April when President Donald Trump imposed a 10% tariff on nearly all imported goods. The revenue is deposited into a general fund managed by the Treasury Department, which is used to pay government bills, including Social Security payments. While Trump has suggested using the revenue to pay down the national debt or distribute 'tariff rebate checks' to Americans, neither has occurred yet. Economists warn that redistributing the revenue could widen the budget deficit and cause inflation to spike.
Entities: Donald Trump, US Treasury Department, Deutsche Bank, Brett Ryan, Ernie Tedeschi • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
The article discusses India's reluctance to stop buying Russian oil despite US President Donald Trump's tariff threats. India relies heavily on Russian crude oil to support its growing economy and population. The US has imposed tariffs on India, citing its continued purchases of Russian oil as helping Russia wage war in Ukraine. India argues that its purchases are a commercial decision and that stopping them would lead to a significant gap in its oil supply. The article highlights the complexities of India's relationships with the US and Russia, as well as the global implications of its oil imports.
Entities: India, Russia, US, Donald Trump, Narendra Modi • Tone: neutral • Sentiment: neutral • Intent: inform
06-08-2025
US President Donald Trump has signed an executive order imposing an additional 25% tariff on goods from India, bringing the total US tariffs on India to 50%. The move is aimed at pressuring India and Russia to end the war in Ukraine. India's government has called the tariffs 'unfortunate' and 'unfair', and has vowed to take necessary actions to protect its interests. The tariffs are expected to make Indian goods more expensive and potentially cut exports to the US by 40-50%.
Entities: Donald Trump, India, Russia, Ukraine, China • Tone: neutral • Sentiment: negative • Intent: inform
06-08-2025
US President Donald Trump has indicated that he is preparing to impose increased tariffs on countries that continue to buy energy from Russia, including China. This move comes after Trump announced plans to raise levies on Indian exports within 24 hours due to their purchase of Russian oil. Trump suggested that the tariffs could be severe, potentially up to 100%, but later seemed to soften his stance, stating that he 'never said a percentage' and would make a determination after a meeting with Russian officials.
Entities: Donald Trump, Russia, China, India, United States • Tone: neutral • Sentiment: negative • Intent: inform
