Jewellery export operations in Mumbai’s crucial Santacruz Electronics Export Processing Zone (SEEPZ) are facing a serious challenge from US President Donald Trump’s plan to levy reciprocal tariffs, a senior official said. SEEPZ contributes as much as 85% of India’s diamond-studded jewellery exports to the US. Speaking to ET, Adil Kotwal, president of SEEPZ Gems &…
US President Donald Trump addresses a joint session of Congress at the Capitol in Washington. (Pic credit: AP) TOI Correspondent from Washington: US President Donald Trump continued his fixation with tariffs and India, clubbing New Delhi with countries having far bigger trade surpluses and announcing reciprocal tariffs from April 2, even as the International Chamber…
Congress leader Jairam Ramesh and PM Modi NEW DELHI: The Congress on Tuesday took a jibe at Prime Minister Narendra Modi over the proposed reciprocal tariffs and said that he should remind his “good friend that the T in WTO stands for Trade, not Trump.”Congress general secretary in-charge communications Jairam Ramesh criticised the proposed reciprocal…
NEW DELHI: Apple could be one of the biggest losers in case the Trump administration decides to slap reciprocal tariffs on import of electronics and smartphones from India as the move may put a spanner in its growing manufacturing investments here.The situation is equally grave for auto component makers, who ship parts worth billions of…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has announced that his administration will “soon” impose reciprocal tariffs on countries like India and China. Speaking at the swearing-in ceremony of commerce secretary Howard Lutnick on Friday, Trump reiterated that the US would mirror the tariff policies of its trading partners,…
NEW DELHI: As govt begins its homework for the proposed trade deal with the US, it has indicated its willingness to engage in tariff reduction with Trump administration on a bilateral basis, arguing that with an “aggressive neighbourhood” in China duties cannot be lowered significantly for all trading partners, while hoping to get a good…
NEW DELHI: Govt on Monday said it will draw up the broad contours of the proposed bilateral trade agreement with the US over the next few weeks, even as it keeps tabs on how the Trump administration’s move to impose reciprocal tariffs unfolds.“Give us a couple of weeks to decide what is the level of…
US President Donald Trump plans to announce reciprocal tariffs ahead of Prime Minister Narendra Modi’s visit to America, the White House said. White House Press Secretary Karoline Leavitt told reporters she believed Trump’s tariff plan could be announced before he meets with PM Modi on Thursday.PM Modi is scheduled to reach US on Thursday and…
