In post on Truth Social, the newly sworn-in US President claimed that he would levy sanctions, taxes against Russia & other participating countries if a deal to end war is not reached soon.
US President Trump has previously called India a ‘big abuser of tariffs’, which is expected to be an irritant. However, overall bilateral ties are likely to deepen under new US govt.
Trump made the announcement while signing executive orders in Oval Office, hours after his inauguration. He has repeatedly threatened tariffs on US’ neighbours, China & even EU allies.
While US is seeking to protect its manufacturers by slapping high import tariffs, India is promising lower tariffs but only if foreign investors invest within a set timeframe.
Determinations on the 3 countries are due because all of them have instituted so-called digital services taxes — or levies on local sales of companies such as Google — this year.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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