Bangladesh secured a 20% U.S. tariff rate, protecting its key apparel sector after complex talks. The deal includes buying U.S. goods like wheat and planes, avoiding a 35% tariff. Officials say it boosts Bangladesh's trade ties, economic strength, and access to the U.S. market.
Congress General Secretary Jairam Ramesh on Friday said India cannot be a "mute spectator" after US President Donald Trump's repeated tariff threats on countries, including India, "destroys" the multilateral trading system established by the World Trade Organisation.
Noting India's stake i
Indian stock markets continued to remain under pressure on Friday morning as US President Donald Trump signed an executive order imposing 25 per cent tariffs on India's exports to the US, effective from August 7.
The Indian Rupee is likely to weaken further to 88.5 per U.S. dollar following the imposition of fresh tariffs by U.S. President Donald Trump, according to a report by ICICI Bank.
US President Donald Trump signed a new executive order adjusting tariff rates on several countries to address trade deficits, citing national security concerns. It replaces earlier rates, imposes penalties for transshipment, and will be enforced by trade and customs officials starting seven
AAP Rajya Sabha MP Sanjay Singh moved a Suspension of Business notice in the Upper House on Friday and demanded a discussion on the 25 per cent tariffs imposed by the United States.
American diplomat and the President of the US-India Business Council, Atul Keshap, spoke on the decision by the United States to impose 25 per cent tariffs on India and said that the two countries should calmly forge a deal which benefits them both.
Speaking about the remarks during the White House Press briefing, Karoline Leavitt said, "Mexico is a very unique situation... because we share our southern border. We've seen an increase in cooperation between Mexico's President, Claudia Sheinbaum, and our administration on clamping down
The US administration has, in a way, adopted a flexible trade strategy by offering reduced tariffs to countries that pledge reciprocal benefits such as increased purchases of US goods, removal of trade barriers, or investment in American industries.
The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.
"Resisting such policies is a stand for a more powerful emerging non-Western-led multilateral world order and a stronger Global South," the Embassy added.
The recently signed Free Trade Agreement (FTA) between India and the United Kingdom is expected to help India manage the impact of 25 per cent tariff announced by the United States President Donald Trump, noted Economist Dipanwita Mazumdar.