India, Trump
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India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,
Mumbai: US broking firm Jefferies has recommended its clients to purchase Indian stocks rather than sell them, as US President Donald Trump’s tariff policies are bound to take a U-turn, a
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%.
Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi.
A senior government official said that given the relatively low weightage of US exports in India’s GDP, at under 2 per cent, the impact on the economy is perhaps overblown.
The Indian rupee climbed to its highest level so far this month, supported by lower risks of additional U.S. tariffs on domestic goods and optimism that planned tax cuts will bolster growth.
Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India’s structural outlook, noting the reform could revive weakening consumption and cushion the impact of high U.
US tariffs and protectionist trade measures against India are contributing to a warming of ties between the key regional powers, despite their divergent interests - Anadolu Ajansı
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