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Trump and China’s Xi meet face-to-face to try to solve months of trade tensions

BUSAN, South Korea, October 30, 2025 (AP) — President Donald Trump is meeting face-to-face with Chinese leader Xi Jinping on the final day of Trump’s trip to Asia, a chance for the leaders of the world’s two largest economies to stabilize relations after months of turmoil over trade issues. Trump’s aggressive use of tariffs since returning to the White House for a second term combined with China’s retaliatory limits on exports of rare earth elements have given the meeting newfound urgency. There is a mutual recognition that neither side wants to risk blowing up the world economy in ways that

India to impose 30% import duty on yellow peas from November 1

MUMBAI, Oct 30 (Reuters) – India has imposed a 30% import duty on yellow peas, effective November 1, according to a government notification issued late on Wednesday. Shipments with a bill of lading dated on or before October 31, 2025, will be exempt from the duty, the order said. The government had earlier allowed duty-free imports of yellow peas until March 31, 2026, but domestic farmers had urged authorities to curb the influx of cheap imports that were pressuring local prices. The South Asian nation is the world’s biggest importer of yellow peas, which it imports mainly from Canada and

Trump says he averted India-Pakistan clash with 250% tariff warning

NEW DELHI, Oct 29 (Reuters) – U.S. President Donald Trump said on Wednesday he prevented a war between India and Pakistan this year by threatening both nations with 250% tariffs, the highest he has mentioned on any country. “If you look at India and Pakistan … they were going at it,” Trump said at the Asia-Pacific summit in South Korea. “Seven planes were shot down. They were really starting to go.” Trump said he called Indian Prime Minister Narendra Modi and Pakistan’s leaders to say that Washington would halt trade and impose the massive tariffs if the fighting that briefly

Gold rebounds Rs 2,600 to Rs 1,24,400/10g on strong global cues

New Delhi, Oct 29 (PTI) Gold prices on Wednesday rebounded by Rs 2,600 to Rs 1,24,400 per 10 grams in the national capital, snapping a two-session losing streak, amid a fresh wave of safe-haven buying ahead of the policy outcome by the US Federal Reserve. Gold of 99.5 per cent purity appreciated by Rs 2,600 to Rs 1,23,800 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,21,200 per 10 grams, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 1,21,800 per 10 grams on Tuesday.

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