US tariffs

10 Apr

US Suspends Additional Tariffs on Indian Goods Until July 9, Baseline Duties Remain

Rajeev Sharma0 CommentsWorld NewsDonald Trump, India exports, Steel Tariffs, Trade Deficit, US tariffs

New Delhi, April 10, 2025: In a temporary relief to Indian exporters, the United States has suspended its newly imposed 26% additional tariffs on Indian goods for 90 days, effective April 10. The suspension will last until July 9, 2025, according to an executive order from the White House.President Donald Trump had announced steep reciprocal duties on April 2 targeting 60 countries, including India, with the aim of curbing the trade deficit and bolstering American manufacturing. India was among the hardest hit, with tariffs impacting sectors such as shrimp, steel, aluminium, and auto components.However, the suspension applies only to the…

08 Apr

Trump’s Tariff Ultimatum Sparks Global Trade Turmoil, China Vows to Retaliate

Rajeev Sharma0 CommentsWorld NewsChina trade war, Donald Trump, EU Retaliation, US tariffs

Washington, April 8, 2025: With US President Donald Trump set to enforce a fresh round of sweeping tariffs by April 9, the global economic landscape has entered a phase of heightened tension. The tariffs, including a proposed 50% duty on Chinese imports, are triggering fierce global reactions and mounting fears of a full-blown trade war.China’s Commerce Ministry responded with a hardline stance on Tuesday morning, pledging to "fight to the end" if the US follows through. Beijing warned that Washington’s threat was a “mistake on top of a mistake” and accused the US of “blackmailing” tactics. The situation escalated after…