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.
In India, women remain concentrated in a narrow range of sectors such as beauty and hairdressing, household maintenance, residential care, and parts of the education sector.
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.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
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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