Trump, India and Tariff
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Bloomberg |
Trump announced a 26% tariff on US imports from India — listed as 27% in an annex to his executive order — higher than the 20% levy applied to goods from the European Union, the 24% on Japanese goods...
USA Today |
Trump is expected to announce a massive tariff program on Wednesday, impacting major countries globally.
The New York Times |
The tariffs “equal more anxiety and uncertainty for American businesses and consumers,” the National Retail Federation said in a statement.
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Reacting to the tariff decision, a trade professional laid out the implications clearly in a detailed post that quickly sparked online discussion.
Speaking about India, Trump highlighted that New Delhi was ‘very, very tough’, adding that Prime Minister Narendra Modi is a great friend of his.
For India in particular, Donald Trump announced 26% reciprocal tariff — half the rate India imposes on US imports. This is expected to impact trade between the two countries.
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President Donald Trump Thursday said the response to his major tariffs has been very good. “I think it’s going very well. It was an operation like what a patient gets operated on, and it’s a big thing,
Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S. President Donald Trump slapping a 37% tariff on his country's exports, endangering an apparel hub already reeling from domestic political upheaval.
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Asianet Newsable on MSNExplained: Donald Trump imposes 26% reciprocal tariff on India; what it means for trade and economyUS President Donald Trump has announced a sweeping set of reciprocal tariffs, claiming that foreign nations have "looted, pillaged, raped, and plundered" the American economy. Speaking on what he termed 'Liberation Day,
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India may sustain or potentially increase its agricultural exports to the United States, despite US President Donald Trump's new reciprocal tariff implementation, according to distinguished agricultural economist Ashok Gulati.
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India views the USA's announcement of 26% reciprocal tariffs as a 'mixed bag' rather than a 'setback.' The imposition includes a universal 10% tariff on all imports starting April 5, with an additional 16% from April 10.
Talking about India, Donald Trump called Prime Minister Narendra Modi ‘a great friend’ but added that the country was ‘not treating us right’. "Their Prime Minister (Naren