The White House has warned of mass layoffs as the U.S. government shutdown enters its second week, deepening the political impasse between President Donald Trump and congressional Democrats while rippling through global markets, including India’s financial hubs in New Delhi and Mumbai.
Gita Gopinath, the IMF’s First Deputy Managing Director, will step down in August 2025 to return to Harvard University. Her departure opens a key opportunity for President Trump to nominate a successor amid global economic realignments.
Oil prices jump and Asian markets plunge following US airstrikes on Iran’s nuclear sites. Fears rise over Strait of Hormuz closure, energy supply disruption, and inflation.
In a pivotal development US-China Trade Talks Yield Fragile Framework Agreement: Markets Watch Cautiously. The United States and China have reached a preliminary trade framework following two days of intense negotiations in London. While officials from both nations praised the outcome as a step forward, skepticism remains high regarding the framework’s durability and effectiveness. Final approval from Presidents Donald Trump and Xi Jinping remains pending, making this agreement more of a symbolic gesture than a policy breakthrough for now.
The global economy waits with bated breath as US-China Trade Talks Resume in London: High Stakes, Fragile Optimism. The global spotlight is back on US-China relations as both countries prepare for a pivotal round of trade negotiations in London on June 9, 2025. The announcement by President Donald Trump has stirred cautious optimism in global markets, coming just one day after a rare and lengthy phone call with Chinese President Xi Jinping.
Amid trade tensions, Trump’s Tariff Hikes and Social Media Blasts Disrupt Global Trade Talks. In a week marked by economic turbulence and diplomatic unease, U.S. President Donald Trump has once again upended global trade talks this time by combining sharp tariff hikes with a stream of provocative late-night social media posts. The Trump administration’s decision to double tariffs on imported steel and aluminum, along with escalating rhetoric aimed at Chinese President Xi Jinping, is sending shockwaves through ongoing negotiations with both China and the European Union.
In a surprising diplomatic breakthrough US-China Tariff War Thaws: Trump Claims Major Progress After Swiss Summit. Former President Donald Trump announced on Sunday that the United States and China had negotiated a “total reset” in their strained trade relationship after marathon talks held in Geneva, Switzerland.
Two days since the announcement of the tariff, Wall Street Plummets as U.S.-China Trade War Escalates: Market Reaction to Tariffs Shakes Global Economy. Since the onset of the COVID-19 pandemic, the Wall Street on April 5, 2025, experienced a catastrophic plummet, marking its most significant crisis. The S&P 500 dropped by 6 percent, while the Dow Jones Industrial Average fell by 2,231 points—a staggering 5.5 percent loss. This decline was recorded as China retaliates against newly imposed tariffs by President Donald Trump. This move by China intensifies fears of an impending global recession.