A group of Republican senators joined Democrats on Wednesday to support a resolution aimed at reversing President Donald Trump's 25 per cent tariffs on imports from Canada, The Hill reported.
Following his announcement of sweeping tariffs worldwide, US President Donald Trump said that a 10 per cent tariff will be imposed on all countries, effective April 5.
Following US President Donald Trump's announcement of sweeping tariffs, Brian Pannebecker, the founder of Auto Workers for Trump, expressed strong support for the move and said that the tariffs are going to be "great" for the American workers.
Jairam Ramesh shared a trivia about how in 1913, the US Constitution was amended to introduce a federal income tax and the economist who championed for the same was a mentor of Dr B R Ambedkar.
China's finance ministry announced 15 per cent tariffs on imports of chicken, wheat, corn and cotton from the United States, as well as 10 per cent tariffs on imports of "sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products," Chinese state media said.
Canadian Prime Minister Justin Trudeau on Monday (local time) announced that retaliatory tariffs on US goods will go into force at midnight on Tuesday if the US tariffs on Canadian imports take effect.
He said that BRICS is dead and reiterated his threat to BRICS nations, saying he would impose a 100 per cent tariff on the bloc if they try to replace US dollar with any other currency.
Trump's announcement comes ahead of his meeting with Prime Minister Narendra Modi who reached the United States today on an official visit. The two leaders are set to meet in the White House tonight.