India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,

The new tariffs, which took effect Monday, expand the scope of the levies President Donald Trump previously announced on the valuable commodities.

Tariff-related ruction appears to be settling down, but U.S. President Donald Trump is still reshaping global trade and industry — and everyday life.

European shares are expected to close the year a touch higher than where they are currently trading, a Reuters poll found, as support from looser fiscal and monetary policy will be kept in check by uncertainties over Washington's import tariffs.

Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.

Baby strollers, spray deodorants and fire extinguishers are among the items affected. U.S.-based importers are now in a tough position. If they accept goods they’ve already paid for that are currently in transit, they will have to pay those higher tariffs. But if they decide to stop shipments, they will likely lose money.

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Three months after stating the company had no plans to increase prices due to tariffs, Home Depot has backtracked. On Monday, the national home improvement retail chain confirmed to the Wall Street Journal that it plans some “modest price movement” as the tariffs increase.

In Portland and Multnomah County, where Trump only garnered 17% of the vote in November 2024, his tariffs on all sorts of imports, but especially coffee, have largely only fueled disdain for the president.

During Walmart's first-quarter earnings call, CEO Doug McMillon said the tariffs would result in higher prices, but didn't elaborate. A few days later, Trump posted to Truth Socia