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Higher tariffs on India now in effect, with some rising to 50%, Fed Gov Cook to sue over firing

DeFi Daily News by DeFi Daily News
August 27, 2025
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Higher tariffs on India now in effect, with some rising to 50%, Fed Gov Cook to sue over firing
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Morning Brief anchor Allie Canal breaks down the latest market news for August 27, 2025.. President Trump has increased tariffs on goods imported from India to 50% because of the country’s purchases of Russian oil, which Trump says is funding the war in Ukraine.
Fed Governor Lisa Cook is expected to file a lawsuit following President Trump’s bid to oust her from her role. We look at her status and what the looming lawsuit could mean for the Fed, the September FOMC meeting, and presidential power. For more videos of Morning Brief, please visit: https://finance.yahoo.com/videos/series/morning-brief/
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Tags: BondsbusinessCookCurrenciesEffectEquitiesfedfiringFXGovhigherIndiaInvestingInvestmentMarketMarketsMoneymorning briefNewsNYSEPersonal FinancePoliticsRisingSavingsStock marketstockssuetariffsYahoo FinanceYahoo FInance Premium
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