India seeks quick US trade deal
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Reuters |
India wants to move quickly on a trade deal with the United States, a government official said on Thursday, after President Donald Trump's decision to pause reciprocal tariffs on dozens of countries, ...
The New Yorker |
Donald Trump put a ninety-day pause on the implementation of most of his tariffs.
Houston Chronicle |
The Trump administration has reversed sweeping cuts in emergency food aid to several nations while maintaining them in Afghanistan and Yemen, two of the world’s poorest and most war-ravaged countries...
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India is the world's fifth-largest and fastest-growing major economy. Yet, a recent legacy of protectionism and inward-focused trade policies have held back its global competitiveness. Its tariffs are high and the share of global exports remains under 2%.
Trump has announced that the reciprocal tariffs will be applied globally without exemptions on Wednesday, impacting all trading partners, including India. The measure is aimed at matching the higher tariff rates that Washington’s trade partners impose on ...
Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.
India's top software-services exporter Tata Consultancy Services reported weaker-than-expected quarterly results on Thursday and warned uncertainty around U.S. tariffs was prompting clients to rethink discretionary projects.
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Apple reportedly hurried 600 tons of iPhones — up to 1.5 million individual phones — out of India before President Donald Trump slapped the rest of the world with tariffs. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
According to Bloomberg, Apple has been stockpiling inventory to brace for the tariffs and is accelerating production shifts to India, where tax rates are lower. The Times of India reports that Apple transported five plane loads of iPhones from India and China to the US in the last week of March as part of this effort to maintain stable pricing.
This development comes shortly after Trump announced a 90-day pause on tariffs for India and other trading partners—a significant shift in policy.