Industry insiders say any rise in duties on Indian generics will squeeze profits for Indian companies, but will also make the drugs costlier for patients in US.
The strategic drift currently being witnessed runs the risk of confirming the doubters’ view lurking on both sides: that the US is an unreliable power, and India is a reluctant partner.
All 16 major sectors logged losses, with the Nifty 50 falling to 24,703.1 points. After announcing the tariffs, Trump said US is still negotiating with India on trade.
New Delhi: US President Donald J. Trump Wednesday announced that India will pay a 25 percent tariff starting 1 August, as trade negotiations between...
During South Korean NSA's visit to the US, Trump sent a letter to President Lee, stating that US will begin imposing 25% tariffs on all South Korean imports starting 1 Aug.
The US president had said that he was recommending a 50% tariff to go into place on 1 June because of frustration that talks with the EU were not moving quickly enough
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Turns out Trump’s tariffs might actually turn out to be a blessing in disguise for Bharata.
RSS folks are the new commies.