"With the proposed tariff of around 500%, doing business with the US is out of the question right now. It will very badly affect exporters in textiles, engineering goods, pharmaceuticals, toys, and gems and jewellery," Mehta told ANI in an exclusive interview in the national capital. He d
Hyundai Motor reached an agreement with its union in Korea to distribute over 2 trillion won ($1.80 billion) in bonuses in 2025, even as the automaker faces growing challenges from high U.S. tariffs, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
Despite the fresh headwinds from elevated U.S. tariffs, India's strong domestic economic fundamentals are expected to support foreign direct investments (FDI) in the country, according to Sonal Badhan, Economics Specialist at Bank of Baroda.