Reciprocal Tariffs

India Cuts Industrial Tariffs to 10.66% Amid U.S. Trade Talks as Trump’s Reciprocal Tariff Threat Looms

India has reduced its average industrial tariff to 10.66% amid ongoing trade discussions with the United States and the looming threat of reciprocal tariffs. The announcement was made by the Ministry of Commerce in the Lok Sabha on Tuesday. "As per WTO 2023, India’s simple average tariff rate is 17%....

Trump Says India Agreed To Cut Tariffs Following Reciprocal Tariffs Threat, Indian Businesses Prepare For The Potential Impact

US President Donald Trump announced on Friday that India has agreed to reduce tariffs on American imports. The announcement comes days after Trump declared that the US would impose reciprocal tariffs on Indian goods starting April 2, citing India's "unfair trade policies." The decision follows mounting pressure from the US...

India’s Manufacturing Sector To Bear Brunt Of US President Trump’s Reciprocal Tariff

India's manufacturing sector, already vulnerable, is poised to face significant challenges due to the US administration's imposition of reciprocal tariffs under President Donald Trump's policies. Despite the government's push to strengthen the sector through the ‘Make in India’ initiative, manufacturing's contribution to India's GDP slightly declined to 15.83% in 2023-24...

Donald Trump Praises PM Modi, Calls Him A ‘Great Leader’ And ‘Tougher Negotiator’

President Donald Trump showered praise on Indian Prime Minister Narendra Modi during a news conference following their bilateral meeting.  This statement highlighted the mutual respect between the two leaders as they continue to navigate complex issues such as tariffs and trade. The much-anticipated meeting between Prime Minister Narendra Modi and...

What Are Reciprocal Tariffs And Who Will Be Affected?

US President Donald Trump recently signed a memorandum instructing U.S. trade authorities to implement “fair and reciprocal” tariffs on all trading partners, aiming to level the playing field for American businesses. This move could potentially impact even close allies of the U.S. and lead to significant changes in global trade...

Trump To Sign Executive Order On Reciprocal Tariffs As Trade War Intensifies

US President Donald Trump has committed to implementing "reciprocal tariffs" on foreign countries, with plans to sign an executive order as soon as today or tomorrow. This bold move signals a potential escalation in the ongoing trade war, with new tariffs potentially targeting emerging market economies like India and Thailand....