The cost of wholesale goods and services — where rising inflation tends to show up first — in July posted the biggest increase in three years, possibly heralding a sizable acceleration in price increases tied to higher U.

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher.

This morning, President Trump is threatening to impose tariffs on pharmaceutical imports that could soar up to 250%. While the administration claims these measures aim to lower prescription drug prices for Americans,

President Donald Trump said he would set levies on semiconductors in the coming two weeks, the latest indication he’s readying a substantial expansion of his tariff regime.

U.S. President Donald Trump said on Friday he would announce tariffs on imports of steel and semiconductor chips in coming weeks.

Indian Prime Minister Narendra Modi has vowed to build a “self-reliant India” and announced tax and regulatory reforms to benefit businesspeople and the middle class in his first major speech since the US imposed 50 per cent tariffs on the country.

India’s defense ties with Washington remain on track with a US delegation set to visit New Delhi this month, even as the South Asian nation grapples with President Donald Trump’s 50% tariffs.

"We've put secondary tariffs on Indians for buying Russian oil. And I could see, if things don't go well, then sanctions or secondary tariffs could go up," Mr Bessent told Bloombe

President Donald Trump is set to travel to Alaska to meet Russian President Vladimir Putin as he seeks negotiations to end Russia's war against Ukraine, threatening more tariffs on Russian energy if ceasefire talks falter.