US EditionExperts Warn New Tariffs May Hike Import Prices by 18.3%
INDIA, AUG 7 – The tariffs target stalled trade talks and India's Russian oil purchases, with duties reaching 50% and India's exports to the U.S. rising 25% in early 2025 due to stockpiling.
- On Thursday, President Donald Trump’s tariffs of 10% to 50% on nearly 70 nations, including India, Canada and Brazil, took effect.
- Amid stalled trade talks, President Donald Trump blamed New Delhi’s protectionist practices and its purchase and resale of sanctioned Russian oil for the tariffs.
- Canada’s tariff rose from 25% to 35%, and Brazil now faces a 50% tariff on imports, according to recent Trump actions.
- U.S. Customs and Border Protection began collecting higher tariffs at 12:01 a.m. EDT; Canada retaliated with $43 billion in duties, and analysts said countries will scramble to adjust.
- Even as framework deals emerge, a broader tariff strategy includes sectoral tariffs on semiconductors, pharmaceuticals, autos, steel, aluminum, copper, lumber and other goods, involving the European Union, Japan and South Korea.
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Experts warn new tariffs may hike import prices by 18.3%
CHICOPEE, Mass. (WWLP) - President Donald Trump's new tariffs have taken effect, impacting dozens of countries and potentially raising the cost of imported goods for Americans. Tax ballot question proposals filed with AG The tariffs, which began Thursday, are part of Trump's strategy to address what he describes as unfair trade practices. Yale University experts predict that these tariffs could increase the prices of imported goods by 18.3…
Despite the 25 percent extra tariff imposed by US President Donald Trump on August 6, India will continue to negotiate with the US on the proposed trade deal. A Business Today report quoting sources said that India will enter into a bilateral trade agreement but will not back down on agriculture, dairy and crude oil.
Trump Kicks Trade War into High Gear as New Tariffs Take Effect
Huge tariffs on more than 90 countries took effect shortly after midnight on Thursday. President Trump slapped one of the highest tariff rates of 50% on India — set to go into effect on August 27 — unless India stops buying Russian oil. Democracy Now! speaks with Jayati Ghosh, economics professor at the University of Massachusetts Amherst, on the hypocrisy of the tariffs. “There’s so many double… Source
Trump tariffs on India explained: Timeline, structure, impact, exemptions, and more— here are 8 key things to know
From timeline to impacted sectors, trade impact, cost to domestic exporters, and exemptions, here's an FAQ answering all your questions about the US tariffs imposed on India by President Donald Trump, effective 9 am today.
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