US Edition
"Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries
- President Donald Trump announced new tariffs ranging from 25% to 40% on 14 countries, including Japan and South Korea, effective August 1, 2025.
- The tariffs respond to long-standing trade deficits and unfair trade barriers the US claims have harmed its economy, with negotiations ongoing before the deadline.
- Countries such as Myanmar and Laos face the highest rates at 40%, while others like Thailand and Cambodia receive 36%, and Bangladesh faces 35%, impacting major apparel hubs.
- Trump posted on Truth Social that any retaliatory tariff raises will be met with reciprocal increases, calling the letters a "wave... aimed at recalibrating US trade relationships."
- Stock markets reacted negatively, with US-listed shares in Japanese automakers dropping and domestic textile shares rallying, while affected countries warn they will monitor and respond to developments.
65 Articles
65 Articles
In an intensification of the trade war that has been fed since he took possession as President of the United States, Donald Trump announced new taxes to at least 14 countries, from 1...
14 countries hit with new tariffs as Donald Trump hits trade reset
US President Donald Trump has intensified his global trade conflict by notifying 14 countries that will face new tariffs from August 1. The move has extended his trade war beyond earlier targets. The new tariffs have affected both allies and smaller economies. While the base rate for most imports has been levied at 25%, some nations face duties as high as 40%. Trump has also left the door open for negotiation, but has cautioned of further penalt…
Ahead of India-US trade deal, stock market trades higher
Mumbai: The domestic benchmark indices were trading marginally up on Tuesday in the early trade, after the US President Donald Trump announced that “we are close to a deal with India”. At around 9.30 am, Sensex was trading 91.57 points or 0.11 per cent up at 83,534.07 while the Nifty added 22.25 points or 0.09 per cent at 25,483.55. Buying was seen in the IT, PSU bank and financial service sectors. According to analysts, the announcement of unil…
Stocks tumble after Trump posts letters to 14 countries threatening new tariffs
Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.
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