Diabytes
Reciprocal Tariffs News
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The US administration on Sunday said the August 1 deadline for imposing reciprocal tariffs remains unchanged and there will be no extension this time.
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European Commission President Ursula von der Leyen was set to meet Trump to clinch a trade deal for Europe that would likely see a 15 per cent baseline tariff on most EU goods
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Trump’s reciprocal tariffs triggered a massive sell-off across Wall Street, with the Dow Jones plunging over 2,000 points, the S&P 500 witnessing its worst two-day sell-off since March 2020, and the Nasdaq entering bear market territory.
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One reason for the strength of the rupee against the dollar is the sharp decline in crude oil.
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Trump, who announced reciprocal tariffs on countries that impose levies on American goods, said on Wednesday that April 2, 2025, which he called “Liberation Day,” will forever be remembered as the day American industry was reborn and the day America’s destiny was reclaimed.
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