Indian Trade Minister Piyush Goyal said on Tuesday (September 2) that India is negotiating a bilateral trade agreement with the United States.
Reuters reported that a few days ago, Washington doubled tariffs on Indian goods as a punitive measure on the grounds that New Delhi continued to import Russian oil.
On September 3, 2025, the Federal Reserve released its Beige Book, a national survey of economic conditions, which showed that U.S. economic activity was nearly stagnant between mid-July and late August, with growth flat or declining in most regions.
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