China, India and Trump
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On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.
The Trump administration’s proposed high tariffs on Indian imports raise concerns about the U.S.-India partnership. But the rates seem to be part of a negotiating tactic aimed at concluding a trade
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
13don MSN
Trump threatens India with 50% tariff as negotiations fizzle and Modi keeps importing Russian oil
President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,
New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.
14hon MSN
India’s GST reform ‘much needed’ but can't offset Trump’s 50% tariffs, warns Saurabh Mukherjea
Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers says India's biggest GST revamp in 8 years is "much needed" which will help boost the Indian economy. However, he doesn't think it will entirely neutralize Trump's tariffs if they were to stay at 50%.
India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.
Washington — President Trump signed an executive order on Wednesday imposing an additional 25% tariff on goods from India because it continues to buy oil from Russia.
Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.
This week, Trump announced that he will be adding another 25% to the previous 25% tariff on Indian imported goods
Move reflects India’s desire to insulate itself from foreign currency fluctuations and could reduce country’s reliance on US dollar, analysts say.