Trump, Inflation
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The president left the door open for talks with his Russian counterpart but complained about Russia’s continued aerial attacks on Ukraine.
US President Donald Trump said on Tuesday he has reached a trade agreement with Indonesia, just a week after threatening to slap the Southeast Asian nation with steep tariffs. However, the President provided no details on the deal’s scope or terms.
Trump in a Truth Social post called it "great deal, for everybody," and said it followed direct dealings with Indonesian President Prabowo Subianto.
Mexico currently supplies around 70% of the U.S. tomato market, up from 30% two decades ago, according to the Florida Tomato Exchange.
Florida tomato growers have been battling Mexican tomato imports since the North American Free Trade Agreement went into force in 1994.
The Indian rupee is likely to open weaker on Monday after fresh tariff threats from U.S. President Donald Trump intensified concerns over trade tensions, sparking risk aversion and weighing on Asian currencies.
European trade ministers are hopeful for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Union.