China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
U.S. stock index futures dipped Sunday night as fears of a deepening global trade war resurfaced. President Donald Trump announced sweeping 30% tariffs on imports from Mexico and the European Union, expanding his aggressive tariff agenda following similar levies on Canada, Japan, South Korea, and Brazil.
By 7:17 p.m. ET, S&P 500 Futures dropped 0.4% to 6,274.0, Nasdaq 100 Futures slipped to 22,859.0, and Dow Jones Futures fell 0.4% to 44,417.0. The pullback reflects growing concerns over inflationary pressure and market volatility ahead of key U.S. economic data.
The tariffs, effective August 1, give targeted nations a brief window to negotiate exemptions. Trump, who delayed the initial deadline from July 9, confirmed ongoing talks with the EU and South Korea aimed at averting the new levies.
These trade measures have pushed U.S. customs duty collections to a record $113.3 billion in the first nine months of fiscal 2025, with Treasury Secretary Scott Bessent projecting $300 billion by year-end. However, economists warn the tariffs are ultimately paid by U.S. importers, who may pass costs to consumers, stoking inflation.
Wall Street has already reacted. On Friday, the S&P 500 fell 0.3% to 6,259.75, the NASDAQ dropped 0.2%, and the Dow shed 0.6% to 44,371.51.
Markets now await June’s CPI inflation report, due Tuesday, to assess the direct impact of tariffs on consumer prices. Both headline and core inflation are expected to rise. The Federal Reserve has flagged trade tensions as a source of inflation risk and uncertainty, justifying its cautious stance on rate cuts—despite Trump’s repeated calls for lower rates and criticism of Fed Chair Jerome Powell.
