Trump’s tariff move comes just two days before the 1 August US deadline, dashing hopes of an interim India-US trade deal that could’ve helped avert higher tariffs.
China faces a 12 Aug deadline to seal a lasting tariff deal with Trump, after earlier pacts in May and June paused weeks of tit-for-tat tariffs and a rare earths export threat.
According to the US president, the deal involves $550 Bn in Japanese investments and expanded market access for American cars, rice, and other agricultural goods.
The President said US is working on a deal that will give it access to Indian markets. He announced a new trade deal with Indonesia, after which the latter will face a reduced tariff of 19%.
The US President says Indonesia has agreed to buy $15 billion in American energy, $4.5 billion in farm products, and 50 Boeing jets, though no time frame was specified.
The decision marks a withdrawal from the 2019 agreement to suspend anti-dumping investigation on fresh tomatoes. Mexico supplies nearly 70% of tomatoes in the US.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
The SBI Fund Management report says China invests 42% of GDP & consumes 40%, while US invests 22%, but household consumption stands at 68%, showing stark differences in economic priorities.
Rubio's meeting with Yi comes amid escalating friction globally over President Trump’s tariffs offensive, with China warning the US against reinstating hefty levies on its goods next month.
There is an increase in allergies, food intolerances and gut issues. These can all be linked to genetically modified high-yielding food varieties of wheat grown to eradicate world hunger, but clash with our DNA.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Amid continued concerns over cross-border terrorism, General Upendra Dwivedi further warned the neighbour that India will not show restraint if there is an Op Sindoor 2.0.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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