If US President Donald Trump imposes 20-25 per cent tariffs on India, as he threatened last evening, it will have a varied impact on different sectors, noted the founder of the Global Trade Research Initiative, Ajay Srivastava.
Referring to the recent trade agreements between US and other countries such as the EU, Indonesia, Philippines and the latest comments by Donald Trump that India may have to pay 20-25 per cent tariffs, Vice Chancellor of Indian Institute of Foreign Trade (IIFT) Professor Rakesh Mohan Joshi o
Yadav stated that the Indian leadership appears to have surrendered to Trump's demands, lacking the courage to call out the US president for potential falsehoods.
During a gaggle with the press interaction aboard Air Force One on Tuesday (local time), Trump responded to a report suggesting that India might be preparing for 20 to 25 per cent tariffs, stating that India had been imposing higher tariffs on the US as compared to other countries. He fur
US President Donald Trump denied seeking a summit with Chinese President Xi, saying he would only visit China if officially invited. Talks between U.S. and Chinese officials are ongoing in Stockholm, potentially paving the way for a tariff truce, but Trump insists he is "not seeking anyth
South Korea has reportedly pitched a multibillion-dollar initiative called Make American Shipbuilding Great Again (MASGA) to the United States, as Seoul aims to secure more favourable terms in the ongoing tariff negotiations with Washington, as reported by The Korea Herald.
Taiwan's economy continued to show a "green light", reflecting a stable growth in June, according to a report released by the National Development Council (NDC), as reported by Focus Taiwan.
The Indian stock markets opened on a weak note on Tuesday, weighed down by persistent foreign portfolio investor (FPI) selling and concerns over a delay in the India-US trade deal, which may lead to a 15 per cent tariff.
The benchmark indices continued to face selling pressure at higher levels, with analysts indicating that the India-US new interim deal is unlikely to be finalised before the August 1 deadline. On Sunday, the US administration indicated that the August 1 deadline wouldn't be extended further.
As the deadline for US-Korea trade negotiations approaches on August 1, Seoul is making all efforts to finalise a tariff agreement with Washington, reports Korea Herald.
The Indian stock market started the week on a negative note as both benchmark indices opened in the red on Monday, reflecting weak global cues and investor caution ahead of the August 1 tariff deadline.