The Dow Jones Industrial Average ended the day down 4 per cent. Washington: US stocks plunged Thursday as traders reacted to Donald Trump’s sweeping tariff announcement a day earlier, with the broad-based S&P 500 recording its biggest one-day decline since 2020. The widely watched Wall Street index closed down 4.8 per cent at 5,396.52 — … Read more
India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America. Below are some of the key points: Tariff rate and comments on India A flat 26% tariff was imposed on all goods being exported by India to the United States, … Read more
New York: Indian-American members of the US Congress and the diaspora community criticised the reciprocal tariffs imposed by President Donald Trump, calling them “reckless and self-destructive”, urging leaders in both countries to engage in dialogue to address these challenges. On Wednesday, Trump imposed a 26 per cent “discounted reciprocal tariff” on India. While making the … Read more
Washington: US President Donald Trump on Wednesday imposed sweeping tariffs that target key economic partners, escalating global trade tensions. China faces a 34 per cent tariff, the European Union 20 per cent, and India a 26 per cent “discounted reciprocal tariff.” The affected sectors span automobiles, dairy, steel and electronics. Trump’s trade battles are not … Read more
New Delhi: The commerce ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the US on India, a senior government official said on Thursday. According to the official, the universal 10 per cent tariffs will come into effect on all imports into the US from April 5 and … Read more
Washington: Stocks slumped, bonds surged, and gold hit a new high as markets braced for the impact of US President Donald Trump’s sweeping reciprocal tariffs on Thursday. Trump announced a baseline 10 per cent tariff on all imports with far higher levies on some trading partners, particularly in Asia. US stock futures were under pressure … Read more
New Delhi: Escalating a global trade war, US President Donald Trump unleashed a barrage of reciprocal tariffs to match duties put on US goods by other countries. The American commander-in-chief said he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on some of the country’s … Read more
US President Donald Trump will unleash his sweeping global tariffs today amid fears that equity markets could go on a whirlwind and force countries to take emergency measures. It will most likely result in an all-out trade war. Gripped by a stark frenzy, the world could see an economic meltdown due to Trump’s reciprocal tariffs, … Read more
On Sunday, the US president appeared to substantially expand his tariff plans, insisting that “all countries” would be targeted. “You would start with all countries, so let’s see what happens,” Trump told reporters, dashing hopes that he might scale back some of the levies or that they would target a select group of nations. “I … Read more
Washington: US President Donald Trump said Friday that he could impose reciprocal tariffs on Canadian dairy and lumber within days — a move set to fuel tensions with Ottawa just days after an earlier wave of levies. Since taking office in January, Trump has unleashed a series of tariffs and threats targeting US allies and … Read more
New York/Washington: India is a very high tariff nation, US President Donald Trump has said as he reiterated that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2. “And the big one will be on April 2, when reciprocal tariffs, so if India or China, or any of … Read more
New Delhi: US President Donald Trump today reiterated his criticism of the “very unfair” tariffs imposed by India and other nations and announced that reciprocal tariffs would take effect on April 2. Trump aims to impose the same tariff rates on imports from foreign countries as those nations impose on US exports. “Other countries have … Read more