Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.
President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries
US imposes sweeping import tariffs; China faces 54%, India 26%, EU 20%; exemptions for Canada, Mexico; markets brace for impact as global trade tensions escalate
The 37 people who were arrested had fraudulently represented their immigration status and submitted fraudulent documents and/or information to seek employment, they said
It is worth noting that any deal would require approval from President Trump, as well as TikTok's parent company, Bytedance, and the Chinese government
The USCIS also detailed how it will consider sex as listed on birth certificates when processing immigration benefits
US President highlighted the high tariffs charged by India on American products as he announced reciprocal tariffs on countries worldwide, declaring a 26 per cent discounted reciprocal tariff on India
The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3
The Senate resolution, passed by a 51-48 vote tally, would end Trump's emergency declaration on fentanyl that underpins tariffs on Canada
Despite this exemption, trade between the US and Russia remains higher than with countries like Mauritius and Brunei, which were included on President Trump's list
The US administration has not made announcements yet on sector-specific tariffs
Trump has said he wants tariffs to make the global system more fair and to bring manufacturing jobs back to the United States from other countries
US President Donald Trump announces new reciprocal tariffs under his 'Liberation Day' plan, calling it a declaration of economic independence despite inflation concerns in the US
Trump declared a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US
Donald Trump imposes 27% tariff on Indian imports, citing 'unfair trade practices' and vowing to end decades of imbalances in US foreign trade policy
Donald Trump imposes 27 per cent tariffs on Indian imports as part of sweeping trade levies, but several Asian nations face even higher rates. Check details
From April 9, nearly 60 countries, including those in the EU, will face steeper tariffs. World leaders, including Italy's Giorgia Meloni and Australia's Anthony Albanese condemned Trump's move
Many economists are warning that the plan could cause an economic contraction, and GOP senators are already watching with unease as Trump upends US standing with the rest of the world
Senior officials from ministries including commerce and industry will be present in the control room for close watch of the announcements
The Sensex rose 593 points, or 0.78 per cent, to end at 76,617, with HDFC Bank and ICICI Bank accounting for half of the gains