Speaking at an event at the National Republican Congressional Committee, Trump said the tariff will incentivize drug companies to move their operations to the US.
White House Press Secretary Karoline Leavitt, while making the announcement, criticised China's trade policies, accusing it of exacerbating economic issues for American workers.
Backing his cause for the reciprocal tariffs, US president accused Joe Biden's 'sleepy' presidency for trade surplus & said that tariffs will bring in money into America.
Indian auto manufacturers have expressed concern over slashing import tariffs on EVs and have requested for a gradual reduction to 30 per cent rather than dramatic cuts.
The jitters in Indian markets are likely ‘short-term’. Experts say this could serve as a key growth opportunity & that India must accelerate FTA talks with major countries, including US.
At BIMSTEC ministerial meeting, the EAM highlights the importance of India’s Northeast for the region, in the wake of Yunus’s ‘ocean guardian’ remark for Bangladesh in China.
Trump was asked if his tariffs—which are to be effective from Wednesday—may push countries to side with China, to which he said that tariffs would actually help the countries do better.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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