In response to US President Donald Trump's decision to impose tariffs on Canadian steel and aluminium on Wednesday morning, Canada's federal government hits back with tariffs on USD 29.8 billion worth of American goods effective March 13 morning.
Indian stock markets continue to follow the trends of previous session on Wednesday and ended flat in the volatile session, as investor's sentiment impacted by the concerns such as overvaluation, threats of tariff war, and currency depreciation.
"You look at India, 150 per cent tariff on American alcohol. Do you think that's helping Kentucky bourbon be exported into India? I don't think so," Leavitt said.
The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Union Commerce and Industry Minister Piyush Goyal, days after holding talks with the US counterpart in Washington, has called a meeting with the export councils and trade representatives starting on Thursday, sources say.
Congress MP Manish Tewari raised concerns in the Lok Sabha about India's reported tariff reductions under external pressure. He demanded a clarification from the government on the rationale behind the cuts, stressing the importance of India's economic sovereignty.
Congress MP Manickam Tagore moves an adjournment motion to discuss discrepancies in voter lists post-2024 Lok Sabha elections, highlighting concerns over irregularities in Maharashtra and Haryana, which may undermine the electoral process's integrity.
Indian pharma companies like CDMOs (Contract Development and Manufacturing Organizations) will not see major disruptions from the proposed US tariffs of 10-25 per cent, according to a report by B&K Securities.