The European Union said it was preparing the next sanctions package on Moscow ahead of looming US-Russia peace talks. The last-minute virtual talks came just ahead of U.S. President Donald Trump’s Alaska meeting with Russian President Vladimir Putin on Aug.

Inflation remained elevated last month as President Trump's tariffs continued to make their way into the prices that consumers pay. The average cost of living in July was up 2.7%.

Inflation didn’t rise as much as expected last month — but a measurement of underlying price hikes shows a pickup in tariff-related pressures.

U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.

The White House said last week it was preparing an executive order to "clarify misinformation" regarding tariffs on gold bars.

President Donald Trump said Monday in a Truth Social post that there will be no tariffs on gold after last week's wild gold market and Homeland Security ruling.

About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday.

Today, we look at how the budding relationship between the U.S. and India blew up seemingly overnight over President Trump’s tariffs.

US President Donald Trump has said that its steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well. "I think Russia has to get back into building their country.