Min Aung Hlaing, Myanmar’s ruling military general, proposed a reduced rate of 10% to 20%, with his country slashing its levy on U.S. imports to a range of zero to 10%.
US President Trump has broadened his trade war in recent days, setting new tariffs on a number of countries, including allies Japan and South Korea, along with a 50% tariff on copper.
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 two countries had agreed on a 90-day pause & lifting restrictions on Chinese exports needed for US semiconductor, electronics, and defence production in May this year.
Addressing a press conference in Doha, the US president said that he encouraged Apple CEO Tim Cook to raise production in US, rather than expanding manufacturing in India.
Chinese officials say they reached an 'important consensus' & agreed to further the momentous talks. US Treasury Secretary Scott Bessent describes it as 'substantial progress'.
Trump has expressed optimism about reaching a tariff agreement ‘pretty quickly’, while Xi said that tariff & trade wars undermine the legitimate rights and interests of all countries.
A relatively newer player in Indian brokerage space, Gurugram-based INDmoney is the 11th largest firm in the country & the fastest growing, according to NSE.
As tariff rates are yet to be finalised and likely to remain in flux over next few months, companies looking to invest in new projects may delay their plans, the report highlights.
Television news anchors were caught smack in the middle of their 9 pm debates when Dhankhar publicly announced his resignation, so they didn't have time to call their 'sources'.
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.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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