Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties
New US tariffs starting August 1 will range from 15% to 50%, with tougher terms for nations with strained ties; India pursues interim pact amid deadline pressure
Indian Rupee today: The domestic currency opened 21 paise higher at 85.50, a day after closing at 86.71 against the dollar
Indian exporters are expected to face stronger competition in low-value-added segments like raw, frozen, and peeled frozen shrimp, according to the Crisil report
Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement
The news conference, according to Indian time, will take place at 7:30 pm today. However, Donald Trump has not specified the country to which he was referring
For years, Chinese e-commerce giants like Shein and Temu thrived on a trade loophole that let them ship cheap goods to the US without paying tariffs, which President Trump has now ended
The onshore yuan fell to its weakest level since September 2023 as Beijing signals policy shift to support exporters and counter US trade pressure
This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'
'I probably will tell you that on April 2, but it'll be in the neighborhood of 25 per cent,' Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs
Beyond alienating friends and partners, Mr Trump's tariffs will probably fail to advance his apparent goal of reducing the US trade deficit
Tariffs were Trump's weapon of choice early on, but as China policy hardened he expanded the arsenal
Two US automotive executives said Friday they believed the idea had been floated in White House talks last week by Commerce Secretary Wilbur Ross
"Only losers" will emerge from the U.S. and European Union battling one another with tariffs, said Bernhard Mattes, the president of German auto-industry lobby VDA