Kevin Hassett, Director of the White House Economic Council, defended the impact of President Donald Trump's tariffs on Sunday (local time) and said that while many countries are upset and retaliating, the tariffs have led to over 50 countries reaching out to the US to begin new trade negoti
India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve's ability to lower interest rates further, Fitch Ratings said in a note.
The imposition of high reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report.
After a volatile week post the announcement of reciprocal tariffs by the Trump administration, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.
Thousands of protesters on Saturday (local time) gathered across the United States to voice their opposition to President Donald Trump's policies, including tariffs, with demonstrations organised in all 50 states as well as in neighbouring Canada and Mexico.
Taiwanese President Lai Ching-te on Saturday held a meeting with representatives from the information and communications technology (ICT) sector, which is set to face significant tariffs on exports to the United States, according to a report by Focus Taiwan.
Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with US President Donald Trump at the White House on Monday, as confirmed by two US officials and one Israeli official, according to a report by The New York Times.
The maximum increase in tariffs announced by US President Donald Trump is targeted at emerging economies, particularly those in Asia, according to a report by Systematix Research.
India should strengthen its Production Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India, according to a report by State Bank of India (SBI).
US Vice President JD Vance now promotes tariffs he once criticised, marking a reversal from his earlier public statements doubting the effectiveness of protectionist trade policies.