A trade deal with the US ahead of the August 1 deadline for reciprocal tariffs was seeming highly unlikely, but the US President Donald Trump’s announcement of a 25 per cent tariff has caught industry unaware.

The Indian stock market awaits a gap-down opening on Thursday, July 30, after US President Donald Trump announced a supersized 25% tariff rate on India for trade.

Despite multiple rounds of discussion between the US and India, President Donald Trump announced a 25% tariff on Wednesday ahead of the August 1 deadline, which, according to analysts, is likely to spark a knee-jerk reaction when the Indian stock market opens for trading.

A flood of economic data is coming, Big Tech earnings on deck, U.S. officials talk trade with China, and more news to start your day.

President Donald Trump and EU Commission President Ursula von der Leyen announced a trade deal framework setting a 15% baseline tariff on most EU goods, down from Trump's planned 20% tariff.

U.S. stock indexes are drifting on Wednesday as Wall Street waits to hear from the Federal Reservelater in the afternoon about what it will do with interest rates. NEW YORK (AP) — The S&P 500 was edging up by 0.