U.S. President Donald Trump announced on Thursday that tariffs on Chinese goods will be lowered by 10 percentage points, decreasing from 57% to 47%, following his meeting with Chinese President Xi Jinping in South Korea. Trump stated that the revised tariffs take effect immediately. He also revealed that the tariff rate on fentanyl imports from China will be cut in half, from 20% to 10%
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...




