US President Donald Trump has threatened to impose a 200 per cent tariff on champagne and other alcohol products from the European Union in response to EU tariffs on American whiskey and other goods. The move escalates trade tensions, impacting financial markets and fuelling recession fears.
"I have a handy dandy chart here that shows not just Canada but the rate of tariffs across the board. If you look at Canada, since you brought it up, American cheese and butter have a nearly 300 per cent tariff. You look at India, 150 per cent tariff on American alcohol. Do you think that's
The European Commission expressed regret over US decision to impose US tariffs, calling them "unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in higher prices."
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.
"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.