As the US President, Donald Trump, mandates a 27 per cent tariff on Indian goods to his country, the economists and economy watchers have opined that exporters will face relatively less trouble, as amongst major EMs in Asia, tariffs on India is the lowest, barring the Philippines.
The imposition of higher reciprocal tariffs by US President Donald Trump on several Asian and European countries, including China, Vietnam, Taiwan, Thailand, and Bangladesh, presents a strategic opportunity for India to strengthen its position in the global trade and manufacturing says GTRI
Congress MP Gaurav Gogoi on Thursday moved an adjournment motion in the Lok Sabha, seeking an immediate discussion on the United States' decision to impose retaliatory tariffs on Indian exports. The move follows US President Donald Trump's announcement of a 26% reciprocal tariff on Indian go
The EU is "preparing for further countermeasures" to protect its interest, Von der Leyen said after US President Donald Trump announced a 20 per cent levies on European goods, urging the US to "move from confrontation to negotiation", as per Euro News.
Asian stock markets faced a heavy sell-off on Thursday after US President Donald Trump announced reciprocal tariffs on multiple countries, including India. The move triggered a wave of uncertainty, leading to sharp declines across major indices in the region.
Following US President Donald Trump's announcement of tariffs, Congress MP Shashi Tharoor highlighted how the tariffs could affect the automobile sector, particularly the trade of automobile parts.
Following his announcement of sweeping tariffs worldwide, US President Donald Trump said that a 10 per cent tariff will be imposed on all countries, effective April 5.
Following US President Donald Trump's announcement of sweeping tariffs, Brian Pannebecker, the founder of Auto Workers for Trump, expressed strong support for the move and said that the tariffs are going to be "great" for the American workers.
US President Donald Trump announced new import tariffs on Wednesday (local time), outlining the rates to be imposed on countries around the world, with India facing a 26% tariff.
With US President Donald Trump set to announce reciprocal tariffs later today, a report by Motilal Oswal suggests that its impact on India will be minimal.