The US recently announced a 50 percent tariff on Indian imports — 25 percent came into effect on August 7, and the remaining 25 percent will be added on August 28. The decision was made as a penalty for India continuing to buy oil from Russia.
Tag: US Tariffs
Modi vows no compromise on farmers amid US tariff hike
In a strong response to US President Donald Trump’s 50 percent tariffs on Indian imports, Prime Minister Narendra Modi on Thursday said his country won’t compromise
Pharma, smartphones, energy exports to US escape Trump’s new 50 percent tariff hike
Overall, Indian exports to the US totalled USD 86.51 billion in FY25. The new tariff measures announced by the US President are expected to come into effect in the next 21 days. So far, they do not cover the key sectors that have been driving India’s recent export growth to the US.
Singapore launches economic review after Trump’s new tariff announcement
The development comes days after US President Donald Trump announced sweeping new tariffs on over five dozen countries.
President Donald Trump announces 25 percent tariff on India, new rate to be implemented from August 1
US President Donald Trump on Wednesday announced that India will pay 25 per cent tariffs from August 1
No breakthrough in India-US trade talks; tariff hike deadline nears
The Indian team was in the US from June 26 to July 2, aiming to finalise an interim trade agreement that could help avoid a hike in tariffs on Indian exports.
Singapore: PM Wong says world in ‘messy transition’ amid US-China power struggle
Singapore Prime Minister Lawrence Wong on Wednesday, April 16, said the US and China claim they do not wish to force countries to choose sides but seek to draw other countries into their respective orbits. He also said the world is undergoing a messy transition as the two largest economies fight for power. “America and […]
Singapore: DPM Gan leads 5-minister task force to tackle US tariffs
The task force is led by Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong. He is joined by four other ministers – Desmond Lee (National Development), Josephine Teo (Digital Development and Information), Tan See Leng (Manpower), and Chee Hong Tat (Transport and Second Minister for Finance).
US Commerce Secretary says tariff exemptions on electronics temporary
It’s the latest tariff change by the Trump administration, which has made several U-turns in its massive plan to put tariffs in place on goods from most countries. Lutnick’s comments Sunday made clear that more changes were on the way, including a policy specific to the computer chip industry.
UN economist alerts US tariffs move could see three percent fall in global trade
UN experts alerted that global trade could shrink by three per cent as a result of the United States’ new tariff measures .
