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Agriculture a ‘red line’ in trade talks with US, Indian finance minister tells Financial Express

NEW DELHI, June 30 (Reuters) – India’s agriculture and dairy are “big red lines” in its ongoing trade negotiations with the United States, Indian Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday. India and the U.S. are negotiating a trade deal ahead of President Donald Trump’s July 9 deadline to impose reciprocal tariffs. “Agriculture and dairy have been among very big red lines, where a high degree of caution has been exercised,” Sitharaman told the newspaper. “Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding

Canadian PM Carney says trade talks with US resume after Canada rescinded tech tax

TORONTO, June 30, 2025 (AP) — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. U.S. President Donald Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” The Canadian government said “in anticipation” of a trade deal “Canada would rescind” the Digital Serves Tax. The tax was set to go into effect Monday. Carney and Trump spoke on the phone Sunday,

Gold rebounds from over one-month low on weaker dollar

June 30 (Reuters) – Gold reversed course and edged higher on Monday, supported by a weaker dollar, after hitting a more than one-month low earlier as easing U.S.-China trade tensions dampened safe-haven demand and bolstered risk appetite. Spot gold rose 0.3% to $3,281.65 per ounce, as of 0216 GMT, after hitting its lowest since May 29 earlier in the session. U.S. gold futures were up 0.2% at $3,293.30. “There is less of a ‘doom and gloom’ outlook surrounding both tariff talks and events in the Middle East, which is relegating gold to play second fiddle to risk assets,” KCM Trade

Monsoon covers entire India nine days early, accelerating planting

MUMBAI, June 30 (Reuters) – Annual monsoon rains covered entire India on Sunday, nine days earlier than is typical, the weather department said, bringing forward planting of summer-sown crops. The monsoon is the lifeblood of India’s nearly $4 trillion economy, delivering almost 70% of the rainfall needed to water farms and replenishing aquifers and reservoirs. Nearly half of India’s farmland is not irrigated and depends on the annual June-September rains for crop growth. The southwest monsoon has further advanced into the remaining northwestern parts of the country, effectively covering the entire country nine days ahead of schedule, the India Meteorological

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