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The dollar is poised for its first weekly gain since mid-March following China's tariff exemptions on some U.S. imports, fueling hopes for easing trade tensions. Despite conflicting signals this week, signs point towards de-escalation rather than further escalation, although uncertainty persists. While safe havens droop, analysts caution against premature celebrations of a full dollar recovery, citing ongoing concerns about U.S.

Gold prices experienced a decline. This drop occurred because of a stronger dollar. Reports suggest easing trade tensions between the United States and China. Beijing's move to exempt some U.S. goods from tariffs impacted bullion. Silver saw a slight decrease. Platinum and palladium also faced dips. Market analysts are closely watching these trends.

European shares surged to a three-week high, marking their second consecutive weekly gain, fueled by signs of easing U.S.-China trade tensions. China's tariff exemptions on some U.S. imports and White House willingness to negotiate boosted market sentiment. Safran and Siemens saw significant gains, while Edenred experienced a sharp decline due to regulatory changes in Brazil.

Wall Street saw gains on Friday, driven by tech stocks. Investors are watching for signs of easing US-China trade tensions. Alphabet's strong earnings boosted the market. Trade war uncertainty continues to influence corporate outlooks. Trump claims trade talks are underway, but China denies it. The dollar rose slightly, while gold prices fell.

The US tariff policies have significantly impacted India's gems & jewellery and textiles sectors differently. Jewellery exports from Mumbai's SEEPZ have plummeted, leading to workforce reductions, while textile units in Tirupur are experiencing a surge in inquiries and orders as US buyers seek alternatives to China.

US President Donald Trump on Friday told reporters his administration will be reasonable as it enacts tariffs, adding that he thinks financial markets are adjusting to his tariff policy.

Amid escalating trade tensions, China is considering excluding essential U.S. products from retaliatory tariffs, particularly in healthcare and semiconductors, to mitigate supply chain disruptions. The American Chamber of Commerce in China reported that some businesses may exit China if the tariff war persists, prompting the Chinese government to re-evaluate its strategy.

A report suggests that a proposed tariff could significantly increase medicine costs in America. The analysis estimates a potential rise of nearly 51 billion dollars annually. This could lead to a 12.9% increase in drug prices for consumers. The move has triggered concerns among pharmaceutical companies. They fear it will hinder efforts to boost domestic production.

The US Department of Commerce imposed a 21% tariff on most Mexican tomatoes, effective July 14. This action highlights the benefits of trade, providing Americans with year-round access to tomatoes and allowing countries to focus on their comparative advantages. While Florida's tomato industry faces challenges, the state's economy thrives on real estate and tourism, suggesting that trade benefits both nations.

Synergy Marine Group CEO Jesper Kristensen anticipates short-term friction in India's maritime sector due to US reciprocal tariffs. However, he emphasizes India's strong fundamentals, including expanding port capacity and a skilled workforce, ensuring long-term resilience. Kristensen highlights rising demand for skilled maritime professionals driven by digitalization and decarbonization.