Congress MPs staged a protest against the Centre on Friday after the US President Donald Trump administration imposed 26 per cent reciprocal tariff on India.
The Indian stock markets are showing resilience as compared to Asian peers. However, it opens in negative on Friday, the second day following the announcement of new tariffs by U.S. President Donald Trump.
US President Donald Trump's 27 pc tariff on gems and jewellery industry will cause a disruption in the industry as US is one of the major exporting destinations for India, says Industry experts.
"He should stop worrying about America and start worrying about his own party. You handle your party; Prime Minister Narendra Modi is there to handle the country's economy," Patil told ANI.
Following US President Donald Trump's announcement of reciprocal tariffs, Canada PM Mark Carmey said that the country will impose a 25% tariff on all US vehicle imports that do not comply with the free trade agreement.
Following US President Donald Trump's announcement of reciprocal tariffs, International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed concern over the impact on the global economy and said that the tariffs represent a "significant risk to the global outlook."
US President Donald Trump said, "The markets are going to boom. The stock is going to boom. The country is going to boom -- and the rest of the world wants to see if there is any way they can make a deal. They (Countries) have taken advantage of us for many, many years."
Following Japan's condemnation of China's recent military exercises near Taiwan, the Chinese Foreign Ministry firmly rejected Japan's criticism, stating that it violated the "one-China principle" and emphasised that China's military actions were legitimate and necessary to safeguard national
In response to the US' decision to impose a 34 per cent tariff on imports from China, the country strongly criticised the move, calling it a violation of World Trade Organization (WTO) rules and a threat to the multilateral trading system.
Congress leader and Leader of Opposition in Lok Sabha Rahul Gandhi said on Thursday that the United States' decision to impose reciprocal tariffs will "completely devastate our economy" with the auto industry, pharmaceuticals and agriculture among sectors expected to face the brunt.
Congress MP Manish Tewari on Thursday urged the Centre to develop "a spine" and stand up to the US for its imposition of a 26 per cent tariffs on Indian goods with President Donald Trump launching a global trade war. He said that the US tariff on India represented "abject failure" of the n
Reacting to this, RK Aggarwal (National President, Bulk Drugs Manufacturers Association of India) said that it will have no impact on the pharma sector.