India, Trump and 25 percent tariff
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India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,
Amid Donald Trump's administration's punitive tariffs on India over its Russian oil trade, Nikki Haley, former US Ambassador to the United Nations, has cautioned that ties between Washington and New Delhi are near a breaking point, and said it was critical ...
Economist Jeffrey Sachs torched Senator Lindsey Graham on Breaking Points, branding him “the worst senator in the US Senate” and “just a fool,” while slamming Trump-era tariffs on India as “the stupidest tactical move of US foreign policy for a long time.”
India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,
PM Modi said that, in face of US tariffs, India was seeking self-reliance with energy independence and development of own defence systems.
The Kotak Mahindra group founder called for “direct fiscal support” from the government to “turbocharge” small businesses in manufacturing, research and technology.
The U.S. in July imposed a punitive 93.5% tariff on import of graphite anode materials from China, creating an opportunity for India's Epsilon to break Beijing's monopoly on supplies of the key battery component.