US President Donald Trump has waived specified tariff provisions under the Graham Act targeting major importers of Russian energy. The move comes amid a reported US-Russia diesel deal and India's objections to the legislation.
The US has placed India among countries facing a lower 10% tariff under its Section 301 action on forced labour imports. Washington said India adopted a forced labour import ban during the investigation.
Brazil has criticised the US decision to impose 25% tariffs on Brazilian products, calling it a violation of trade rules. The Lula government said it will challenge the move at the WTO and consider reciprocal action.
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.
