The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.
US President Donald Trump said his administration has secured historic trade deals with several nations, including the UK, China, Japan and the EU, adding that foreign countries are paying hundreds of billions of dollars into the US treasury, with revenues reaching trillions.
Trump marked the four-year anniversary of the Abbey Gate bombing, blaming the prior administration's withdrawal, and signed a proclamation honoring victims' families. He linked the chaos to Russia-Ukraine tensions, discussed veterans' care, trade deals, Oval Office changes, and proposed r
Speaking about the trade deal, Novarro said that the EU has agreed to reduce "all their tariffs" to zero, while US continue their global tariff to fight the trade deficit at 15 per cent.
South Korean Foreign Minister Cho Hyun has said the tariffs being imposed by the United States in the rapidly changing situation in global trade is not unexpected and that his country was able to sort out "the problem" and "make a win-win" through trade negotiations.
South Korean Foreign Minister Cho Hyun has said the tariffs being imposed by the United States in the rapidly changing situation in global trade is not unexpected and that his country was able to sort out "the problem" and "make a win-win" through trade negotiations.
The cumulative 50 per cent tariffs imposed by the President Donald Trump administration on Indian goods will come into effect exactly a fortnight from now, unless something dramatic happens between the two countries on the trade deal front in the meantime.
"India-Oman CEPA negotiations have been concluded," Minister of State for Commerce and Industry Jitin Prasada informed Rajya Sabha in a written reply while responding to a question from Congress member Hebi Mather Hisham relating to India's trade deals.
India has strengthened its trade ties over the past five years, signing five major Free Trade Agreements (FTAs) and progressing on several new deals, Minister of State for Commerce and Industry Jitin Prasada informed the Rajya Sabha in a written reply this week.
South Korea narrowly avoided steep U.S. tariffs on Thursday after sealing a high-stakes trade deal with Washington, capping new import duties at 15 per cent, instead of the 25 per cent originally set to take effect from Friday.