US Edition
"Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries
UNITED STATES, JUL 8 – The mini trade deal aims to delay 26-27% tariffs until August 1 and includes annual quotas on select Indian products, with comprehensive talks expected after the suspension period.
- The three-week extension of the US tariff pause until August 1 allows trade talks to continue, following South Africa's comments on possible tariff modifications.
- During the dinner, Trump said some tariffs “will maybe adjust a little bit depending if they have a cause,” adding the US is close to making a deal with India.
- Following Trump's remarks, Indian textile stocks like Gokaldas Exports rose 7.8%, KPR Mill and Vardhman Textiles gained, and Welspun Living increased 2%.
- The US and India are still negotiating until August 1, with a trade deal close that could reduce tariffs and expand broader bilateral talks.
162 Articles
162 Articles
Channel News Asia
PressNewsAgencyCommentary: ‘Mr Japan’ is entitled to be furious with Trump’s copy-and-paste tariffs
US President Donald Trump’s brinkmanship might be setting up another TACO trade. The lasting damage to a vital friendship shouldn't be underestimated, says Bloomberg Opinion’s Gearoid Reidy.
On the eve of the deadline set by the President of the United States to reach a financial agreement with its partners, the Trump administration announced the extension of the deadline to 1 August, and imposed new tariffs on 14 countries.
Trump Sets August 1 Deadline for Tariff Payments; No Extensions Allowed
Get latest articles and stories on World at LatestLY. US President Donald Trump announced that tariffs will start being paid from August 1, 2025, with no extensions allowed. He confirmed that all related payments will be due from that date as stated in letters sent to various countries. World News | Trump Sets August 1 Deadline for Tariff Payments; No Extensions Allowed.
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