Diabytes
Trump Tariffs News
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Chinese Ambassador Xu Feihong criticises Trump’s global tariff hike, targets US pressure on India, China, and others over trade and Russian oil ties.
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India puts the Rs 31,500 crore P-8I Poseidon defense deal with US on hold, retaliating against Trump's new tariffs on Russian oil imports.
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New Delhi braces for export losses as U.S. tariffs land heavy blow on $64 billion trade corridor.
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In the executive order, Trump said the decision is aimed at strengthening measures taken under earlier sanctions against Russia following its actions in Ukraine. The order states that India is directly or indirectly importing oil from Russia, which the US considers a threat to its national security and foreign policy.
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A closer look at global data reveals that India’s average import duties are far from the world’s highest. It raises questions about political rhetoric versus economic reality.
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India faces steep U.S. tariffs under Trump’s new trade policy, but it still maintains a more balanced trade equation than South Asian peers like Pakistan, Bangladesh and Sri Lanka due to lower tariff differentials and diversified exports.
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US President Donald Trump is seriously considering imposing 500% tariffs on countries, including India and China, that buy Russian energy.
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Trump’s posture could push India to double down on groups such as BRICS and the Global South. But that path brings its own dilemmas, especially with China pulling the strings in many of these platforms.
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Washington's duty-free quotas for steel imports from South Korea and other countries have also been abolished.
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Trump Tariffs: This decision is likely to benefit global tech players such as Apple, which assembles many of its devices in China.
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US President Donald Trump has previously called India the "tariff king" and has emphasized the need for India to buy more American-made security equipment.
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