Former U.S. President Donald Trump has announced that a 25% tariff on imports from Canada and Mexico will take effect on March 4, putting an end to weeks of speculation. He emphasized that there will be no negotiations on the decision, which aims to tackle fentanyl trafficking, illegal immigration, and trade imbalances. Additionally, Trump warned that tariffs on Taiwan could increase to 50% and imposed an extra 10% tariff on Chinese goods.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
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