A systematic evaluation of all these measures, for almost 13,000 tariff lines traded by the US for each of its trade partners, seems like a near-impossible exercise to undertake
In a world where Trump 2.0 is negative for most countries, the mixed impact of Mr Trump's tariff web could still make India a relative winner
US-China trade war: China has strongly condemned Washington's actions, accusing the US of politicising and weaponising economic and trade relations
US President Donald Trump has said that his administration will soon impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi's recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement, reiterating what he told Prime Minister Narendra Modi last week during the latter's visit to the US capital. We'll soon impose reciprocal tariffs because that means, they charge us, we charge them. Its very simple. Whatever a company or a country, such as let's say India or China or any of them, whatever they charge, we want to be fair ... so reciprocal. Reciprocal meaning, 'they charge us, we charge them', Trump said in Washington. We haven't done that, we have never done that. We are getting ready to do it, he added. Earlier on Tuesday, Fox News aired a joint television interview with Trump and billionaire Elon Musk when the president sai
India has some of the world's steepest tariffs on certain US imports, particularly in the automobile sector, where duties on foreign cars can reach up to 100 per cent
Does India charge more than its peers in world trade?
American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12. While announcing the new tariff policy, the president has also spoken about how India is "right at the top of the pack" when it comes to tariffs. With all these countries being members of the global trade body World Trade Organisation (WTO), the decisions of the US may challenge the WTO principles. A list of Q & As (questions and answers) to explain the wider implications of the US move: Q. What is WTO? A. The 166-member Geneva-based WTO is a multilateral body which formulates rules for global trade and adjudicates disputes between the countries. Its main objective is to promote smooth, predictable and free flow of goods. Both India and the US have been members since ...
India could reduce its tariffs to zero on these products in exchange for the U.S. doing the same, which would be an immediate benefit for India
Trump ordered his administration on Thursday to consider imposing reciprocal tariffs on a country-by-country basis
PM Modi said that illegal immigration is a global issue and India is ready to take back any 'verified' Indian living in the US illegally
"India has more tariffs than nearly any other country," says US President Donald Trump
From education to PSUs to advertising to tariffs, how we address the quality of spending matters as much as the quantum of it
Countries that have free trade agreements with the US, such as Singapore and South Korea, are safer with respect to Trump's reciprocal tariff threat, analysts at Nomura said.
When asked about potential retaliation from other nations over tariffs, US President Donald Trump responded, 'I don't mind'
Trump plans announce new 25 per cent tariffs on all steel and aluminum imports into the US on Monday, on top of existing metals duties, and reciprocal tariffs on Tuesday or Wednesday
From the use of AI in the military, to its use to generate unrest, from illegal human trafficking leading to conflict between allies, our columns today deal with the idea conflict
The December trade surplus was at C$708 million ($496 million), compared with a revised deficit of C$986 million the prior month, helped by an 4.9 per cent growth in exports
In a bid to avoid President Donald Trump's growing tariff actions, India has already reduced average import tariff rates to 11 per cent from 13 per cent on several items in the latest Budget
Canadian dollar, Mexican peso down after Monday rebound
Oil price today: Crude oil prices clocked the biggest intraday rally in four months on Monday, driven on the news of 10 per cent tariffs imposed by Whitehouse on Canadian crude oil and products