The world's two largest economies have slapped tit-for-tat import tariffs on each other and uncertainty around the state of negotiations between the two has kept markets on edge
Chinese imports of medical devices, viscose staple yarn, and gloves surge; industry seeks urgent anti-dumping measures
China's statement comes a day after Donald Trump threatened Beijing with an additional 50 per cent tariff if it implements its 34 per cent retaliatory duties
While announcing the tariffs at an event held at the White House, Trump presented a chart claiming that India imposes 52 per cent tariffs on US goods, which includes currency manipulation
US Liberation Day Tariffs Announcements LIVE: Catch all updates related to US President Donald Trump's trade tariffs here
The 2025 National Trade Estimate (NTE) report, released on Monday, details how India's tariff and non-tariff policies remain among the most restrictive in major global economies
Trump confirms global rollout of 'Liberation Day' tariffs from April 2, sparking concern over trade wars; India considers lowering import duties to avoid impact
Trump is considering using rarely invoked emergency powers to impose immediate tariffs while conducting formal investigations into trading partners, according to a report
Clarksons estimates 83% of container ship visits to the US last year faced fines under proposed rules, along with two-thirds of car carriers and nearly a third of crude tankers
The administration's policies on immigration, for instance, will have longer-term consequences for the US economy
Countries should open up markets in the face of growing economic fragmentation, Li told a gathering of global business leaders
Avoiding a government shutdown would remove a concern for traders, already fretting over threats to the world economy from President Donald Trump's tariff war
The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China's president appears unlikely to make a similar call soon. Beijing, which unlike America's close partners and neighbours has been locked in a trade and tech war with the US for years, is taking a different approach to Trump in his second term, making it clear that any negotiations should be conducted on equal footing. China's leaders say they are open to talks, but they also made preparations for the higher US tariffs, which have risen 20 per cent since Trump took office seven weeks ago. Intent on not being caught off guard as they were during Trump's first term, the Chinese were ready with retaliatory measures imposing their own taxes this past week on key US farm imports and more. As Washington escalates the tariff, Beijing doesn't see other options but to retaliate, said Sun Yun, director of the China programme
This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'
Commerce Minister Piyush Goyal is currently in the US for discussions aimed at safeguarding Indian exporters' interest
US President Donald Trump's post comes a day before 25 per cent tariffs on Canadian and Mexican goods come into effect
S&P Global Ratings on Monday said several Asia-Pacific economies could face higher tariffs under the Trump administration, while India, South Korea, and Thailand could be most vulnerable to trade retaliation. In its report titled 'Asia-Pacific Economies Likely To Be Hit By US Trade Tariffs', S&P said economies like Vietnam, Taiwan, Thailand, and South Korea have relatively greater economic exposure to the US, meaning that tariffs, if imposed, would have the largest economic impact. "India and Japan have more domestically oriented economies that will provide some mitigation from tariffs," S&P said. US President Donald Trump has said he will impose reciprocal tariffs on its trading partners, including India. The new US administration has already enacted additional 10 per cent tariffs on imports from China and 25 per cent tariffs on steel and aluminum. "We believe this might not be the end of it. Uncertainty is high because of the high leeway the US administration gives ...
'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
The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on US allies and rivals alike
The trade gap increased 24.7 per cent to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said