Sunil Kant Munjal, Chairman of Hero Enterprise on Friday said he views Trump's reciprocal tariffs on partner countries as an instrument to get fairer deals with them.
The surge came after US President Donald Trump announced a 90-day postponement of reciprocal tariffs for 75 countries, including India, amid an escalating trade war with China.
Union Commerce and Industry Minister Piyush Goyal on Thursday said that India is handling the US reciprocal tariff issue wisely, with a focus to increase its trade with the US by two and half times.
China and EU vowed to jointly uphold the multilateral trading system with WTO at its core. Wang also via video call with Malaysia on enhancing China-Malaysia and China-ASEAN eco and trade cooperation and jointly responding to US tariffs.
European Commission President Ursula von der Leyen welcomed US President Donald Trump's decision to pause reciprocal tariffs for over 75 countries, calling it an important move to stabilise global trade amid escalating tensions between the US and China.
Taiwan's GDP growth is projected to slow significantly due to newly imposed 32 per cent US tariffs, with government officials warning it could fall to as low as 1.53 per cent this year. The government is holding back on expanding its relief fund but is initiating strategic talks with Washing
Congress leader Rahul Gandhi on Wednesday slammed Modi government over 26 per cent "reciprocal tariffs" imposed by the US on India and said a financial storm is about to hit the country.
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings said in a report.
Kochi (Kerala) [India], April 8: The US Government announced reciprocal tariffs on all goods being imported to the US, which will have major impact on global trade, disrupting the established supply chain. The tariff proposed for India is 26% on all products exported to the US, including sea
Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs, once the bilateral trade agreement between the two partner countries is finalised.
Both leaders also emphasised the strength of the US-India strategic partnership, with both sides exploring opportunities to expand collaboration in the Indo-Pacific region.