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Former U.S. President Donald Trump said he would impose severe tariffs on Russia if a deal to end the Ukraine war isnt reached within 50 days. Speaking during a meeting with NATO Secretary General Mark Rutte, Trump said he uses trade measures like tariffs to resolve conflicts, but did not detail how they would be enforced.

The European Commission has proposed a list of U.S. goods worth EUR72 billion ($84 billion) that could face EU tariffs if trade talks with Washington break down. The proposal was presented by EU trade chief Maros Sefcovic to trade ministers in Brussels on Monday.

Silver prices skyrocketed Rs 5,000 to hit a fresh peak of Rs 1,15,000 per kg in the national capital on Monday as investors rushed to safe-haven assets following weakness in the US Dollar amid uncertainties over US tariff threats.

As per a NITI Aayog report, India is poised to benefit from the new tariff environment, particularly due to increased levies imposed by the US on key trading partners such as China, Mexico, and Canada

The government is not planning to extend the Inter-State Transmission System (ISTS) charges waiver for solar and wind projects beyond June 30, 2025, potentially increasing tariffs and making renewable energy less competitive.

Silver prices hit record high of Rs1,15,000/kg due to investor interest, global tariff tensions, and weak dollar.

Rajesh Aggarwal, Chief Negotiator and Special Secretary of the Commerce Ministry, will join the scheduled discussions on Wednesday.

A NITI Aayog report indicates that higher US tariffs on countries like China and Mexico could give Indian exporters a competitive advantage in sectors such as pharmaceuticals and textiles. India is poised to gain in a significant number of trade categories, potentially expanding its market share in the US.

Gold prices rose over Rs 600 (0.6%) per 10 grams on Monday, tracking global trends and driven by uncertainty surrounding Trumps tariff announcements. The ongoing volatility has led investors to seek safety in the yellow metal, a traditional safe-haven asset.

The figures suggested a short-term recovery in trade activity following a slower performance in May, when export growth dipped to 4.8 per cent after strong results in March and April.