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."
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.
Aam Aadmi Party leader Raghav Chadha on Thursday took a swipe at the US imposing reciprocal tariffs on India and recalled lines of a popular Hindi number while stating that "Trump Tariff" could wreck the Indian economy.
Reacting to this, RK Aggarwal (National President, Bulk Drugs Manufacturers Association of India) said that it will have no impact on the pharma sector.
The Indian stock indices closed Thursday's session lower, weighed down by the heat of the US administration's reciprocal tariffs imposed on partner countries, including India.
Congress leader Randeep Surjewala on Thursday expressed concern over the 26 per cent tariffs imposed by US on India and criticised Prime Minister Narendra Modi over the issue.
Faced with President Donald Trump's reciprocal tariffs, India on Thursday said it is studying the opportunities that may arise from this new development in US trade policy.
The recent imposition of a 27 per cent reciprocal tariff on Indian exports by the United States, while exempting the pharmaceutical sector, has raised concerns about potential future trade restrictions on drug exports.
Congress top brass and the Leader of Opposition in the Lok Sabha, Rahul Gandhi, launched a sharp critique of the Union Government's foreign policy, spotlighting China's occupation of Indian territory and the recent US tariff hike.