Kochi (Kerala) [India], April 8: The US Government announced reciprocal tariffs on all goods being imported to the US, which will have major impact on global trade, disrupting the established supply chain. The tariff proposed for India is 26% on all products exported to the US, including sea
"The economy has taken a wrong turn. We had been saying earlier too that if this economy is not managed, it will have a huge impact on Indian trade, and employment opportunities will drastically reduce. Strengthening the economy is very essential," Shukla told ANI.
Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs, once the bilateral trade agreement between the two partner countries is finalised.
Congress leader TS Singh Deo on Tuesday attacked the central government over US tariffs and said that the government did not take the steps that should have been taken.
China decried the US tariffs imposed on the country to be "groundless" and called them a unilateral bullying practice, a spokesperson for China's Ministry of Commerce said on Tuesday (local time).
Union Minister for Commerce and Industry Piyush Goyal on Monday expressed confidence that India's industries will benefit from the recent tariff announcements made by US President Donald Trump amid the turmoil in global markets following its recent announcement.
Netanyahu further expressed gratitude to President Trump for inviting him to the White House and praised him as a "remarkable friend" of Israel, noting that Trump delivers on his commitments.
Amid the turmoil in the global markets following the tariff announcements made by the US, President Donald Trump has ruled out the possibility of a "pause" on the tariffs on countries during negotiation.
Shashi Tharoor expressed concerns over the impact of US tariffs on India's economy and emphasised the need for effective bilateral trade agreements. He also reflected on the significance of the upcoming Congress Working Committee meeting in Ahmedabad.
Sachin Jain, Regional CEO India at World Gold Council (WGC), said the fundamentals of gold as an asset class are "very strong" and will continue to be "very strong" throughout the year. The latest correction was on expected lines post the imposition of Trump's reciprocal tariffs.
India's telecom and agriculture sectors are among the worst-affected sectors by the US President Donald Trump's tariffs, highlighted the data shared by a report of EY.
Taiwan's President Lai Ching-te delivered remarks regarding the impact of the 32 per cent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. He announced that Taiwan will adopt a five response strategy to deal with these tariffs and