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Trump’s doubling of the tariffs against India comes as Apple—which manufactures a significant portion of iPhones in India—is expected to announce a new $100 billion investment in the U.S ...
Trump criticized India's high tariffs, labeling them among the world's highest. For instance, India imposes an average tariff of 39% on imported agricultural products, compared to 5% in the U.S.
Trump announced the new tariff in a post on his social media app Truth Social on July 30, two days before a bevy of increased reciprocal tariffs will go into effect for dozens of nations on Aug. 1.
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 ...
The tariff rate against India is currently set at 25%, but Trump’s message amounted to an announcement that he is leaving the door open to impose a higher rate, a White House official told The ...
The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes.
India is among the top countries responsible for imported home linens in the U.S., representing 36% of nearly $6 billion in imports, according to a New York Times analysis of government data.
NEW DELHI (AP) — U.S. President Donald Trump has vowed 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%.
He declined to comment then when asked about reports that India was bracing for a U.S. tariff rate of at least 25%, saying, “We’re going to see.” ...