Rampur Distillery Proud to Be the Official Whisky Partner of the MICHELIN Guide Dubai 2025
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Radico Khaitan Limited (NSE: RADICO), a leading Indian Made Foreign Liquor (IMFL) company and the creator of award-winning Indian Single Malts, proudly announces that its flagship luxury Indian Single Malt Whisky brand, Rampur Indian Single Malt has been appointed the Official Whisky Partner of the MICHELIN Guide for Dubai 2025 edition.
Globally recognized as the gold standard for culinary excellence, the MICHELIN Guide has partnered with Rampur Indian Single Malt as its exclusive whisky partner in the Dubai 2025 edition for this year. This prestigious partnership celebrates a shared commitment to quality, heritage, and innovation in fine dining and premium spirits, marking a significant milestone in Rampur's global journey as a symbol of Indian craftsmanship on the world's premier luxury stage.
'We are honoured to partner with the MICHELIN Guide in Dubai,' said Mr. Sanjeev Banga, President of International Business at Radico Khaitan. 'Rampur Indian Single Malt reflects the rich legacy of Indian distillation and the evolution of contemporary luxury. This partnership allows us to bring the nuanced elegance of Indian single malt whisky to a discerning international audience and further strengthen our presence in one of the world's most dynamic culinary markets.'
'With this partnership, we are not only introducing our Indian single malt portfolio to new consumers, but also creating a deeper, more immersive experience at the intersection of fine dining and luxury spirits,' added Mr. Kunal Madan, Senior Vice President of International Business at Radico Khaitan. 'Dubai's vibrant culinary landscape and MICHELIN Guide's global platform provide the perfect stage for Rampur to shine.
Crafted in the Himalayan foothills at the historic Rampur Distillery, India's oldest and largest distillery, Rampur Indian Single Malts are renowned for their smooth complexity and exceptional terroir. The region's unique climate conditions allow for a maturation process that imparts extraordinary depth and character to each expression.
As the Official Whisky Partner, Rampur will be showcased in the MICHELIN Guide Ceremony Dubai 2025 through exclusive tasting of our whisky during the cocktail reception.
From the renowned Rampur Asava, matured in Indian Cabernet Sauvignon casks, to the coveted Rampur Jugalbandi series, Rampur Distillery blends Indian heritage with a global outlook, perfectly complementing the culinary scene in Dubai.
This partnership celebrates exceptional whisky and food, spotlighting Rampur's acclaimed portfolio of Indian single malts and introducing the collection below, while reinforcing its commitment to innovation, excellence, and cultural exchange, all while honouring authenticity and craftsmanship.
Rampur Indian Single Malt Collection:
Rampur Select – timeless Indian single malt, elegantly smooth with tropical fruity notes and a long, warm finish.
Rampur Double Cask – matured in a combination of American bourbon barrels and European sherry oloroso casks, offering a harmonious balance of vanilla, dried fruits, and spice.
Rampur Asava – world-first single malt finished in Indian Cabernet Sauvignon casks, known for its unique marriage of dark berries, oak, and spice.
Rampur Barrel Blush – matured in American Bourbon barrels and finished in Australian Shiraz wine casks, has a rich flavour profile, featuring notes of vanilla, oak, followed by ripe berries and dark fruit from Australian Shiraz wine casks.
Rampur Jugalbandi Series:
An experiential series of 8 expressions celebrating India's artistic and musical heritage with rare cask combinations.
Rampur Jugalbandi series is a limited-edition release at cask strength. Jugalbandi means "entwined twins" and refers to a duet of two solo musicians and instruments, who own the stage together. The essence of the ancient artform has been captured in Rampur Jugalbandi single malts as the two casks used in each expression complement each other to create a unique Single Malt.
Radico Khaitan Limited
Radico Khaitan Limited, established in 1943, is one of the oldest and largest Indian beverage alcohol companies. Over the years, the company has built a robust brand presence both domestically and internationally. With a steadfast commitment to quality and innovation, Radico Khaitan has successfully expanded its reach, now exporting its diverse portfolio of brands to over 100 countries. The company's products are also available in more than 40 travel retail locations, further solidifying its position as a key player in the global spirits market.
The luxury portfolio includes Rampur Select, Rampur PX Sherry Cask, Rampur Double Cask, Rampur Asava, Rampur Signature Reserve, Rampur Jugalbandi Series, Rampur Trigun Indian Single Malt Whisky, Sangam World Malt Whisky and Jaisalmer Indian Craft Gins.
Two of Radico Khaitan's distilleries are located in Uttar Pradesh in the foothills of the Himalayas, where all of their Malt is distilled, matured and bottled.
Rampur Distillery
Rampur Distillery, a flagship brand of Radico Khaitan, is renowned for producing premium Indian single malt whisky. Nestled in the foothills of the Himalayas, the distillery is deeply rooted in the rich heritage and craftsmanship of Indian whisky-making. By blending traditional methods with modern techniques, Rampur Distillery creates exceptional whiskies that appeal to discerning connoisseurs worldwide. Its offerings, including Rampur Indian Single Malt and Rampur Barrel Blush, have earned international acclaim for their unique flavor profiles and remarkable smoothness, establishing Rampur as a standout in the global spirits market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
The decade-old Suzuki that trumps EVs
Despite record revenue and operating income in fiscal 2024-25, Suzuki Motor Corporation remains a cautious company. The latest results, with the main numbers equivalent to 35.4 and 3.9 billion euro, prove the wisdom of its always-keep-costs-as-low-as-possible strategy. The decade-old yet still competitive Vitara is but one example. Long lived and all the better for it Kaizen is all through this small SUV. There have been two facelifts, multiple engine changes and evolutions, new transmissions and, mercifully, an interior left mostly alone. The Vitara retains strong appeal thanks to great economy (low weight plus mild and series hybrid powertrains), fair pricing and no nagging electronics. Sure, the ADAS stuff is all there but it keeps quiet. And who wants to be asked five minutes after setting off: 'Time for a break?'. Or harangued constantly for daring to drive in sunglasses. I know people who are avoiding buying a new car due to this stuff. Press a button on either the tailgate, either front door or the ancient looking yet somehow appealing remote and the car unlocks. There is no 'welcome' sound and/or lights show, the driver's seat and steering wheel adjust manually, the door trim shifts slightly when you lower any window and there's a manual parking brake. No key, mind; firing up and shutting off are also done via a button-press. When will we see Suzuki EVs? Everything, including the steering, is the opposite of heavy in the Vitara. Which is very Suzuki. And one of the main reasons why the company has waited so long before creating EVs. And you can set a PR machine on this issue, as Renault Group has done with its fabulous new ad, yet here again is an inconvenient truth, batteries bring much mass (sorry to state one fact: the A390 prototype weighs 2,121 kilos). Plug-in Suzukis are coming but due to India being far and away the vehicles division's number one market (almost as vital as the USA is to Subaru), electric cars have not been a priority. Increasingly they will be. Maruti Suzuki (MSIL) is under constant attack from three main challengers. Recently Mahindra turned the tables on Hyundai and Tata by grabbing and holding on to second place in passenger car sales. Still the Indian-Japanese JV holds some 40 percent of the local market, down from more than half. Yet everything is changing in this now giant market. Gone are the days of outdated Maruti models, and here in Europe we too will increasingly benefit from MSIL's new-tech cars and SUVs. Even now, the Japanese market's Fronx and Jimny Nomade (five-door) are sourced from India. The e Vitara, Suzuki's first global EV, is coming our way too, as is the Urban Cruiser, a rebadged variant for Toyota Motor Europe. Four models for the UK Leveraging the well-known Vitara name could be a masterstroke for what is a small brand in the UK and the region we are part of. Suzuki may be a medium-sized OEM overall but it's only a minor one in Britain. And yet such is the reputation for value, reliability and longevity that resales tend to be strong. After a culling of certain models a while back, there are now only four models available here: Swift, S-Cross, Vitara and Across. The last of those costs almost fifty thousand pounds, a stunning amount for a Suzuki. All others start below thirty grand, or twenty in the Swift's case. Priced from GBP27,299, the cheapest Vitara is £750 less than the entry level S-Cross, with Motion and Ultra trim levels (as well as a production plant) in common. There is no higher model grade with the Hybrid, which means just one variant and pricing a little below the top-spec Mild Hybrid. See below for specifics of each. AGS solely for the Hybrid Facelift number two was announced last year, Suzuki GB terming this its 2025 range. That's also when the Motion and Ultra names were applied to this model. Strictly speaking there is no Vitara automatic. However, the Hybrid has only two pedals, its 'AGS' gearbox being an automated manual. Swapping cogs yourself is an increasingly rare thing in new cars. The shifting in this one is - that word again - light, and a delight. As Suzuki doesn't always give you this many ratios, worthy of mention is that there are six (in every Vitara, manual or AGS). Unusually, reverse is at bottom right and you must raise a collar to select it. What a pleasure and novelty choosing any gear is compared to so many awful auto-selectors. The day after this press tester went back, an XC90 arrived: its P-R-N-D is slow, vague and generally far inferior. As it has been for more than a decade. Why is such basic stuff so hard for some car makers? The tweaks for 2025 Changes for the 2025 Vitara are fairly minor, though at the front it's easy to notice the new headlights, differently shaped foglamps and DRL, plus what looks like a nudge-bar but isn't. The last of these is a small but highly effective visual change, it being merely some dark plastic below the grille. Other updates include specific alloy wheels for Motion and Ultra variants. Each are seventeen inches in diameter and for the top trim they have a chrome-look finish. Almost a convertible Gauges are analogue and all the better for being so, the eyeball-style vents remain a delight to use and the touchscreen is nicely sized at only nine inches in diameter. Plastics are all durable and certain things such as the steering wheel buttons have a satisfying feel to them, not being haptic. Overhead, and the press tester was in Ultra specification, is a metre-long glass roof. This is in fact two panels and they slide to reveal a vast space (well, 56 cm is vast for a car that's only 4.1 m long). It's a terrible shame that the light-coloured and too-thin sunblind is ineffective - a proper black-out one is needed. MHEV has more power than HEV The 48V MHEV which I had temporary custody of has more power than the HEV. With the mild hybrid, a 95 kW (129 PS) and 235 Nm 1.4-litre engine is boosted by a 10 kW (14 PS) and 53 Nm motor. Drive can be to the front or both axles. The stated WLTP average is 53.2 mpg (FWD). The AWD press vehicle returned 52.1 from a mix of city and motorway journeys. Choose the 140V Hybrid instead and you'll get Suzuki's K15C, a naturally aspirated 1.5, also with four cylinders. Outputs are 74 kW (101 PS) plus 24 kW (33 PS) and 60 Nm from the motor. Combined power for what is officially known as the 'Full Hybrid' is 85 kW (116 PS). The 0-62 mph time is 13.5 seconds, 4.0 more than the MHEV. How is it to drive? For a car that's so old the Vitara isn't at all bad to drive. Every mandated safety system is the opposite of intrusive, and sure, it rolls around if you push hard but why would you? Off-road, this has always been a highly capable 4x4 too, though less so as a 4x2. The wheelbase may be on the short side yet the ride is good and the suspension has long travel. If only the steering had better feel. And yet nobody could dislike this vehicle due to its rather wonderful almost timeless appeal. Conclusion Would I buy one? Definitely. For what you pay, there is a terrific amount of value, and compared to almost any EV, oodles of character. I hope Suzuki keeps the updates coming every few years and that production continues for another decade."The decade-old Suzuki that trumps EVs" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation '25
The integration of new technology solutions by Duck Creek will enhance operational efficiency and customer experience for the insurer BOSTON, June 09, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India's leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation '25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leading general insurer of India, which is known for introducing pioneering and futuristic tech solutions in the Indian insurance landscape to offer its customers the best-in-class service experience. The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. HDFC ERGO earned recognition for accelerating product launches, streamlining system integration, and increasing market agility using Duck Creek's solutions, including Policy, Billing, Rating, and Insights. The Indian insurance market is undergoing a major transformation with a growing customer demand and the need for hyper-personalized services. The Insurance Regulatory and Development Authority of India (IRDAI) has also been encouraging the insurers to develop agile and customer-centric products so as to fuel insurance inclusion among diverse demographics and across the diverse geographies in the country. HDFC ERGO's adoption of Duck Creek's low-code, highly configurable platform to design a pioneering AI-enabled, real-time policy issuance system marks a significant milestone, where now the insurer has transformed the end-to-end process for its Health and Fire lines of business. 'At HDFC ERGO, our endeavour has been to offer best-in-class solutions and experience to our customers. The behaviour and requirements of today's customers have evolved to a great extent, where they expect dynamic, hyper-personalized, and innovative solutions, and the insurance industry is not an exception in this changed ecosystem. Hence as a customer-focused organization, we were looking for a technology partner, who would enable us to offer innovative products, efficient services, and better analytical insights in an integrated manner to provide a seamless experience to our customers. The tech enablement from Duck Creek matched perfectly to this requirement,' said Sriram Naganathan, President & CTO at HDFC ERGO General Insurance Company Limited. 'We are happy and honored to receive the Duck Creek Standard of Excellence Award. We believe with these new tech enhancements we will set a new benchmark in the insurance industry and propel the cause of insurance inclusion in India — thus also supporting the vision of 'Insurance for All by 2047' of IRDAI— the Indian insurance regulator.' The scale of the project was massive, involving over 45 business users, 150+ IT developers working in parallel across seven systems integrator partners, designing 300+ product covers, 300+ business rules, and executing 10,000+ test scenarios. The solutions were delivered in only nine months, with their commercial fire product first to go live, followed by their health product soon thereafter. Key results include: Product launch time reduced from 4-5 months to just four weeks, allowing rapid response to market demands and regulatory changes. Dramatic productivity gains for agents with quotes generated almost instantly and agents able to offer 4-5 alternative product options rather than just a single choice. Operational efficiency and risk reduction by drastically reducing manual data entry, minimizing compliance risks, and improving accuracy. Straight-through processing completed tasks in just 3-4 minutes, instead of hours or days. Elevated customer experience driven by policies now being processed in near real time, instead of in hours and days. Customers are now also offered data-driven product recommendations and better-suited options, leading to improved engagements. 'We are proud to honor HDFC ERGO General Insurance with the 2025 Standard of Excellence Customer Award,' said Christian Erickson, Vice President and General Manager, APAC at Duck Creek Technologies. 'HDFC ERGO's digital transformation stands as a benchmark for innovation and execution in the insurance industry. As our first customer in the in India market, we are thrilled to be HDFC ERGO's strategic partner, with our suite of products helping drive meaningful business outcomes and value for the business, their customers, and shareholders. HDFC ERGO exemplifies the forward-thinking, customer-focused approach that defines the future of insurance. We congratulate them on this well-deserved recognition.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X. Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ About HDFC ERGO General Insurance Company Limited: HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited, one of India's leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with 299 branches and 600+ digital offices across India. HDFC ERGO's technology platform has empowered the customers to avail services digitally on a 24x7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time. Social Media: Facebook: Twitter: LinkedIn: YouTube: Media Contacts: Shilpi in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Trump tariffs live updates: US-China trade talks to continue on Tuesday after signs of progress
The US and China will continue trade talks on Tuesday after six hours of discussions between top officials kicked off in London on Monday. Tuesday's talks are expected to continue to focus on easing tensions over rare earths and tech. After day one, US officials were upbeat but vague on progress. Treasury Secretary Scott Bessent said it was a "good meeting" while Commerce Secretary Howard Lutnick called the negotiations "fruitful." President Trump said on Monday he received "good reports" but added that "China's not easy." Vice Premier He Lifeng, who led China's delegation, did not comment on the meeting. The negotiations follow Trump's call with Xi last week, which both leaders framed as positive. US-China tensions have risen in the aftermath of the countries' trade truce reached in mid-May in Geneva, with both countries accusing the other of breaching that truce while ratcheting up pressure on other issues. The US and China are also now using their control over certain key materials to gain control in the trade war. Bloomberg reported on Friday that the US dominates in ethane, a gas used to make plastics, and China buys nearly all of it. Washington is now tightening control by requiring export licenses. China's curbs on exports of rare earth minerals, crucial for autos and more, have drawn Washington's ire. Read more: What Trump's tariffs mean for the economy and your wallet The US-China talks come as Trump pushes countries to speed up negotiations. The US sent a letter to partners as a "friendly reminder" that Trump's self-imposed 90-day pause on sweeping "reciprocal" tariffs is set to expire in early July. White House advisers have for weeks promised trade deals in the "not-too-distant future," with the only announced agreement so far coming with the United Kingdom. US and Indian officials held trade talks this week and agreed to extend those discussions on Monday and Tuesday ahead of the July 9 deadline. New tariffs are coming into play: Effective Wednesday, June 4, Trump doubled tariffs on steel and aluminum from 25% to 50%. Meanwhile, Trump's most sweeping tariffs face legal uncertainty after a federal appeals court allowed the tariffs to temporarily stay in effect, a day after the US Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful." Here are the latest updates as the policy reverberates around the world. The number of ocean containers from China bound for the US fell precipitously in May when President Trump's 145% tariffs on Chinese goods were in effect. Supply chain technology company Descartes said Monday that seaborne imports from China to the US dropped 28.5% year over year, the sharpest decline since the pandemic, per Reuters. Overall, US seaborne imports fell 7.2% annually in May to 2.18 million 20-foot equivalent units. The decline snaps a streak of increases fueled by companies frontloading goods to avoid higher duties, which has kept US seaports, such as the Port of Long Beach, busy. "The effects of U.S. policy shifts with China are now clearly visible in monthly trade flows," Descartes said in a statement. Read more here. In today's Chart of the Day, Yahoo Finance's Josh Schafer writes that tariff headlines have been rattling markets to a lesser degree than they did in April, despite an escalation of trade tensions recently: Sign up for the Morning Brief newsletter to get the Chart of the Day in your inbox. US import costs of steel and aluminum are expected to rise by more than $100 billion after President Trump doubled tariffs on the metals to 50% this week. That is expected to impact automakers such as Ford (F), as well as importers for a variety of goods, from baseball bats to aircraft parts. The Financial Times reports: Read more here. Tariffs have brought challenges for many, but Century Aluminum (CENX) and top recycler Matalco stand to benefit from President Trump's metal import duties as domestic prices rise. Reuters reports: Read more here. The US is keen to strike a firm deal with China on rare earths exports as both sides resume talks in London today. Reuters reports: Read more here. Global auto companies are hoping that trade talks between the US and China on Monday could help fast track rare earth exports from China, which are desperately needed. Reuters reports: Read more here. Outbound shipments of rare earths in May from China rose 23% on the month to their highest in a year, despite Beijing's export curbs on some of the critical minerals prevented some overseas sales, with shortages impacting global manufacturing. Bloomberg News reports: Read more here. Chinese exports rose less than expected last month, held back by the biggest drop in shipments to the US in over five years, despite strong demand from other markets. Bloomberg News reports: Read more here. The US and China will restart trade talks in London on Monday after President Trump and Xi spoke last week. The two sides have accused each other of breaking a May deal in Geneva to pause tariff hikes above 100%. Trump, after agreeing with Xi to resume critical mineral flows, said he expects the talks to go "very well." 'We want the rare earths, the magnets that are crucial for cell phones and everything else to flow just as they did before the beginning of April, and we don't want any technical details slowing that down,' Kevin Hassett, head of the National Economic Council at the White House, said Sunday on CBS's Face the Nation. 'And that's clear to them.' US-China tensions rose this year after Trump raised tariffs on Chinese goods, triggering retaliation from Beijing. The Geneva deal was meant to ease tariff tensions, but talks stalled as both sides blamed each other. The US criticized a drop in Chinese exports of rare earth magnets and China pushed back on US curbs targeting AI chips and student visas. In London, US officials, which include Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will meet with Vice Premier He Lifeng. According to a report in Bloomberg on Monday, Lutnick's presence suggests the US may review some tech restrictions. The recent Trump-Xi call brought hope if lower tariffs, but investor confidence remains cautious. As of today, the US has only secured one new trade deal — with the UK. A startup that assembles one of its smartphones entirely in the US says it's possible for a company like Apple to do the same and not incur prohibitive costs, but it's not easy and would take several years of focused effort, Fortune reports: At least one expert in the UK believes Prime Minister Keir Starmer may have unrealistic expectations about a trade deal with President Donald Trump and the US, Bloomberg reports: Read more here President Donald Trump has come up short on striking trade deals with most nations with just one month left before his self-imposed tariff deadline, even as he took his first steps in weeks toward engaging with China. Trump secured a much-desired call with Chinese President Xi Jinping, paving the way for a new round of talks on Monday in London — yet the diplomacy was overshadowed by a blowout public fight between Trump and his billionaire onetime ally, Elon Musk. Trump's aides insisted Friday that the president was moving on and focused on his economic agenda. Still, question marks remain over the US's most consequential trade relationships, with few tangible signs of progress toward interim agreements. Read more here Bloomberg reports: Read more here. President Trump said a new round of trade talks between the US and China would start Monday, a day after he spoke with Chinese leader Xi Jinping. Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would lead talks for the US. "The meeting should go very well," Trump predicted. Bessent led the last round of talks in Geneva, which led to a tariff truce that sent markets soaring. That truce has come under strain in recent weeks over various trade and other thorny issues, including China's curbs on rare earth mineral exports and US chip curbs. Bet you were wondering how long we could go before mentioning Elon Musk's feud with President Trump in this blog (lots more on that here, here, and here). Yes, the remarkable back and forth included Trump threatening Musk's government contracts — and Musk seeming to agree with a call to impeach Trump, while also throwing in an "Epstein files" mention. But as Yahoo Finance's Ben Werschkul details, Musk is now going to war with many of the biggest pillars of Trump's agenda. There was a tariff mention as part of that. Specifically, Musk not only criticized the tariffs — he's now on record saying he thinks they will cause a recession this year. As Ben writes: Read more here. Trade talks between the US and India were set to wrap up this Friday, but now they are being extended into next week as officials on both sides aim to work out an interim deal before a July 9 deadline. Indian government sources said the discussions, which have focused on tariff cuts in the farming and auto sectors, will continue next Monday and Tuesday. President Trump and Indian Prime Minister Narendra Modi are looking to double trade by 2030 and cement a trade pact by fall 2025. Reuters reports: Read more here. US and Chinese officials exchanged jabs at an event held by the American Chamber of Commerce (AmCham) in Shanghai on Friday, as the chamber appealed for more clarity for American businesses operating in China. Reuters reports: Read more here. India's Tata Steel has warned that it might be excluded from tariff-free access to the US under the UK's trade agreement with the Trump administration. This exclusion risks putting more than $180M worth of annual exports at risk. The FT reports: Read more here. Two of the largest economies in the euro zone saw industrial production decline in the first month of President Trump's sweeping tariffs, indicating a economic slowdown after a stronger-than-expected year, according to a report in the Wall Street Journal on Friday. Wall Street Journal: Read more here. The EU said on Friday that it is open to reducing tariffs on US fertiliser imports as a trade bargaining tool in talks with the Trump administration. However, the EU said it would not weaken its food safety standards in pursuit of a deal. EU agriculture commissioner Christophe Hansen told Reuters: "That is definitely an option," Hansen said, of reducing US fertiliser tariffs. Reuters reports: Read more here. The number of ocean containers from China bound for the US fell precipitously in May when President Trump's 145% tariffs on Chinese goods were in effect. Supply chain technology company Descartes said Monday that seaborne imports from China to the US dropped 28.5% year over year, the sharpest decline since the pandemic, per Reuters. Overall, US seaborne imports fell 7.2% annually in May to 2.18 million 20-foot equivalent units. The decline snaps a streak of increases fueled by companies frontloading goods to avoid higher duties, which has kept US seaports, such as the Port of Long Beach, busy. "The effects of U.S. policy shifts with China are now clearly visible in monthly trade flows," Descartes said in a statement. Read more here. In today's Chart of the Day, Yahoo Finance's Josh Schafer writes that tariff headlines have been rattling markets to a lesser degree than they did in April, despite an escalation of trade tensions recently: Sign up for the Morning Brief newsletter to get the Chart of the Day in your inbox. US import costs of steel and aluminum are expected to rise by more than $100 billion after President Trump doubled tariffs on the metals to 50% this week. That is expected to impact automakers such as Ford (F), as well as importers for a variety of goods, from baseball bats to aircraft parts. The Financial Times reports: Read more here. Tariffs have brought challenges for many, but Century Aluminum (CENX) and top recycler Matalco stand to benefit from President Trump's metal import duties as domestic prices rise. Reuters reports: Read more here. The US is keen to strike a firm deal with China on rare earths exports as both sides resume talks in London today. Reuters reports: Read more here. Global auto companies are hoping that trade talks between the US and China on Monday could help fast track rare earth exports from China, which are desperately needed. Reuters reports: Read more here. Outbound shipments of rare earths in May from China rose 23% on the month to their highest in a year, despite Beijing's export curbs on some of the critical minerals prevented some overseas sales, with shortages impacting global manufacturing. Bloomberg News reports: Read more here. Chinese exports rose less than expected last month, held back by the biggest drop in shipments to the US in over five years, despite strong demand from other markets. Bloomberg News reports: Read more here. The US and China will restart trade talks in London on Monday after President Trump and Xi spoke last week. The two sides have accused each other of breaking a May deal in Geneva to pause tariff hikes above 100%. Trump, after agreeing with Xi to resume critical mineral flows, said he expects the talks to go "very well." 'We want the rare earths, the magnets that are crucial for cell phones and everything else to flow just as they did before the beginning of April, and we don't want any technical details slowing that down,' Kevin Hassett, head of the National Economic Council at the White House, said Sunday on CBS's Face the Nation. 'And that's clear to them.' US-China tensions rose this year after Trump raised tariffs on Chinese goods, triggering retaliation from Beijing. The Geneva deal was meant to ease tariff tensions, but talks stalled as both sides blamed each other. The US criticized a drop in Chinese exports of rare earth magnets and China pushed back on US curbs targeting AI chips and student visas. In London, US officials, which include Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will meet with Vice Premier He Lifeng. According to a report in Bloomberg on Monday, Lutnick's presence suggests the US may review some tech restrictions. The recent Trump-Xi call brought hope if lower tariffs, but investor confidence remains cautious. As of today, the US has only secured one new trade deal — with the UK. A startup that assembles one of its smartphones entirely in the US says it's possible for a company like Apple to do the same and not incur prohibitive costs, but it's not easy and would take several years of focused effort, Fortune reports: At least one expert in the UK believes Prime Minister Keir Starmer may have unrealistic expectations about a trade deal with President Donald Trump and the US, Bloomberg reports: Read more here President Donald Trump has come up short on striking trade deals with most nations with just one month left before his self-imposed tariff deadline, even as he took his first steps in weeks toward engaging with China. Trump secured a much-desired call with Chinese President Xi Jinping, paving the way for a new round of talks on Monday in London — yet the diplomacy was overshadowed by a blowout public fight between Trump and his billionaire onetime ally, Elon Musk. Trump's aides insisted Friday that the president was moving on and focused on his economic agenda. Still, question marks remain over the US's most consequential trade relationships, with few tangible signs of progress toward interim agreements. Read more here Bloomberg reports: Read more here. President Trump said a new round of trade talks between the US and China would start Monday, a day after he spoke with Chinese leader Xi Jinping. Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would lead talks for the US. "The meeting should go very well," Trump predicted. Bessent led the last round of talks in Geneva, which led to a tariff truce that sent markets soaring. That truce has come under strain in recent weeks over various trade and other thorny issues, including China's curbs on rare earth mineral exports and US chip curbs. Bet you were wondering how long we could go before mentioning Elon Musk's feud with President Trump in this blog (lots more on that here, here, and here). Yes, the remarkable back and forth included Trump threatening Musk's government contracts — and Musk seeming to agree with a call to impeach Trump, while also throwing in an "Epstein files" mention. But as Yahoo Finance's Ben Werschkul details, Musk is now going to war with many of the biggest pillars of Trump's agenda. There was a tariff mention as part of that. Specifically, Musk not only criticized the tariffs — he's now on record saying he thinks they will cause a recession this year. As Ben writes: Read more here. Trade talks between the US and India were set to wrap up this Friday, but now they are being extended into next week as officials on both sides aim to work out an interim deal before a July 9 deadline. Indian government sources said the discussions, which have focused on tariff cuts in the farming and auto sectors, will continue next Monday and Tuesday. President Trump and Indian Prime Minister Narendra Modi are looking to double trade by 2030 and cement a trade pact by fall 2025. Reuters reports: Read more here. US and Chinese officials exchanged jabs at an event held by the American Chamber of Commerce (AmCham) in Shanghai on Friday, as the chamber appealed for more clarity for American businesses operating in China. Reuters reports: Read more here. India's Tata Steel has warned that it might be excluded from tariff-free access to the US under the UK's trade agreement with the Trump administration. This exclusion risks putting more than $180M worth of annual exports at risk. The FT reports: Read more here. Two of the largest economies in the euro zone saw industrial production decline in the first month of President Trump's sweeping tariffs, indicating a economic slowdown after a stronger-than-expected year, according to a report in the Wall Street Journal on Friday. Wall Street Journal: Read more here. The EU said on Friday that it is open to reducing tariffs on US fertiliser imports as a trade bargaining tool in talks with the Trump administration. However, the EU said it would not weaken its food safety standards in pursuit of a deal. EU agriculture commissioner Christophe Hansen told Reuters: "That is definitely an option," Hansen said, of reducing US fertiliser tariffs. Reuters reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
