The tariff will come into effect on 2 April and is set to impact imports from South Korea, Japan & Europe. It will also affect US brands choosing to assemble cars abroad.
Donald Trump said on his Truth Social account that the decision was based on ‘the fact that Venezuela has purposefully and deceitfully sent to the United States thousands of criminals’.
Trump imposed 20% tariffs on all Chinese goods in January, accusing Beijing of not doing enough to stem the flow of fentanyl into the United States, straining relations between both.
In fact, the latest reading of the Federal Reserve Bank of Atlanta’s nowcast of real GDP growth suggests a contraction of 2.4 percent in the first quarter of 2025.
The move comes after Trump's 25% increased tariffs on all steel and aluminium imports took effect Wednesday, as prior exemptions, duty-free quotas, and product exclusions expired.
The next prime minister will have to negotiate with U.S. President Trump as he threatens additional tariffs on Canada & may soon face the Conservatives in a general election.
It’s hard to build a house, run a business, or do anything without paying bribes. And yet, citizens’ anger about this open, unchecked corruption won’t erupt into Anna Hazare-type rallies.
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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