-Abhishek Vij US President Donald Trump never tires of calling Prime Minister Narendra Modi his old friend. Despite this, India has been facing threats from Trump to increase tariffs on petrol purchased from Russia. Going further, the US Congress has now passed a new law giving Trump the power to impose 100% tariffs on countries.
While speaking at an event during the IMF-World Bank meetings in Washington, DC, Malhotra said that India’s status as a “domestic-driven economy” negates the negative impact of US tariffs.
New Delhi: Martin Saladin, Head of the Promotion Activities Directorate at the State Secretariat for Economic Affairs, SECO, the Swiss government, on Wednesday said that Switzerland is shifting its focus towards India as a strategic economic partner amid the US trade tariffs. On US tariffs, Saladin said, “This is a concern. Obviously, Switzerland has also.
New Delhi: Noting that United States has benefited greatly from free trade but now is using tariffs as a bargaining chip, Chinese Ambassador to India Xu Feihong has said his country is opposed to US decision to impose 50 per cent tariffs on Indian goods and said that “silence or compromise only emboldens the bully”..
From the investor perspective, it is important to understand that the 25 per cent tariff will come down after the negotiations which start in mid-August.
Brussels: The European Union on Thursday announced that the EU will pause its countermeasures against the US tariffs for 90 days to give “negotiations a chance.” European Commission President Ursula von der Leyen warned that countermeasures will kick in if “negotiations are not satisfactory.” In a post on X, von der Leyen wrote, “We took.
In addition, Musk's brother, Kimbal Musk, called out President Trump’s tariff strategy, pointing out that it effectively serves as a permanent tax on U.S.
