US Edition"Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries
- President Donald Trump announced that the U.S. is close to finalizing a trade agreement with India amidst new tariffs on imports from 14 countries, including Thailand.
- On August 1, tariffs will be implemented, with Thailand facing 36% tariffs and Bangladesh facing 35% tariffs, as detailed in letters from Trump's administration.
- Trump criticized other nations for high tariffs, stating, 'Countries were charging 200% tariffs and making it impossible to do business.'
- Trump stated that tariffs on countries like Bangladesh are needed to counter their high tariffs on U.S. products.
42 Articles
42 Articles
14 countries hit with new tariffs as Donald Trump hits trade reset
US President Donald Trump has intensified his global trade conflict by notifying 14 countries that will face new tariffs from August 1. The move has extended his trade war beyond earlier targets. The new tariffs have affected both allies and smaller economies. While the base rate for most imports has been levied at 25%, some nations face duties as high as 40%. Trump has also left the door open for negotiation, but has cautioned of further penalt…
Ahead of India-US trade deal, stock market trades higher
Mumbai: The domestic benchmark indices were trading marginally up on Tuesday in the early trade, after the US President Donald Trump announced that “we are close to a deal with India”. At around 9.30 am, Sensex was trading 91.57 points or 0.11 per cent up at 83,534.07 while the Nifty added 22.25 points or 0.09 per cent at 25,483.55. Buying was seen in the IT, PSU bank and financial service sectors. According to analysts, the announcement of unil…
Stocks tumble after Trump posts letters to 14 countries threatening new tariffs
Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.
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