President Donald Trump took to his social media platform, Truth Social, on Thursday to deliver a triumphant message following the implementation of sweeping reciprocal tariffs. His post in all-caps read: “THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT…
PM Modi with US President Donald Trump United States President Donald Trump on Wednesday called Prime Minister Modi his ‘great friend’ while imposing his ambitious retaliatory tariff on India.Trump said Washington would impose “discounted reciprocal tariffs” of 26 per cent on New Delhi.“India, very, very tough. Very, very tough. The Prime Minister just left. He’s…
NEW DELHI: It’s going to be an all-nighter for several officers in the commerce department as they keep the spreadsheets ready on their computers to assess how US President Donald Trump’s reciprocal tariffs impact Indian exporters and businesses.A war room has been set up by the department in Vanijya Bhawan, with senior officers also part…
Experts are of the view that the impact of Trump’s tariffs on India is likely to be limited. US President Donald Trump has unveiled extensive reciprocal tariff proposals, declaring “our country has been looted, pillaged, raped, plundered” by foreign nations. During his speech on ‘Liberation Day’, Trump displayed a chart illustrating proposed reciprocal tariffs: 34…
TOI Correspondent from Washington: The Trump White House on Monday unloaded on India’s effort to protect its agricultural sector ahead of across-the board-tariff (taxes) on all imports that it plans to announce on April 2, claiming the US is being ripped off by rest of the world. Flashing graphics showing tariffs imposed by various countries,…
NEW DELHI: As businesses brace for Trump’s reciprocal tariffs, there is palpable tension with exporters expecting turbulence at least during the first quarter of the new financial year.Already, engineering goods exporters, dealing in iron and steel and aluminium products, are facing a hit on $5 billion of shipments in transit as US president Donald Trump…
White House spokesperson showing to reporters the amount of tariffs each country imposes on US products. Amid much suspense over what is going to unfold on April 2, the big Liberation Day for the United States, White House spokesperson Karoline Leavitt Monday shed some light as she confirmed that there will be no exemption on…
US president Donald Trump The US President Donald Trump announced that his upcoming reciprocal tariffs will affect all countries globally, rather than being limited to 10-15 nations with significant trade deficits.Trump plans to reveal an extensive tariff scheme on Wednesday, which he refers to as “Liberation Day.” Previously, he has implemented duties on aluminium, steel,…
NEW DELHI: The government on Friday clarified that the United States has imposed additional duties on steel and aluminium imports from all countries without any exemptions, but no country-specific or reciprocal tariffs have been placed on India as of now. Minister of state for commerce and industry Jitin Prasada said in a written reply to…
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 &…
