US President Donald Trump’s 50% tariffs on Indian goods came into effect on Wednesday, August 28, raising fears of unemployment and economic challenges for India’s US-oriented exporters. The US president followed through on his threat to punish one of the world’s largest economies for its purchases of discounted Russian oil. The 50 per cent tariff…
China on Thursday criticised the United States for imposing steep new tariffs on India over its continued purchase of Russian oil, calling it a clear case of “tariff abuse” and urging restraint. The strong response came after US President Donald Trump signed an executive order placing an additional 25 per cent tariff on Indian goods,…
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, the South China Morning Post (SCMP) reported on Sunday citing people familiar with the matter. More to come. Source link