US President Donald Trump's reciprocal tariffs will impact the American economy more, leaving them with limited buying options to cater for their needs, Ranjeet Mehta, CEO and Secretary General of industry body PHDCCI, told ANI.
The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
"... The friendship between them (US President Trump and PM Modi) and the way they embrace each other and talk and now these tarriffs. It shows that America (Donald Trump) is a businessman. 'Aur wo humara customer phas gaya'. (And our customers are getting trapped."
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.