Trump's Tariff Tempest: A New Chapter in US-India Trade Relations
President Trump announced a 25% tariff on Indian goods, igniting a new wave of American protectionism. The move, part of a broad tariff hike affecting nearly 70 countries, threatens the US-India trade relationship. Tensions rise as both nations assess the impact on future negotiations and economic ties.
- Country:
- United States
In a bold move to reshape the global trade landscape, US President Donald Trump has introduced extensive new tariffs, including a 25% duty on Indian products. This development marks a significant shift towards American protectionism, heightening tensions in international trade circles.
The executive order issued by President Trump imposes tariffs on over 70 countries, reflecting an aggressive stance on trade negotiations. With the tariffs set to take effect on August 7, the announcement adds uncertainty to trade relations, particularly with India, a critical US trade partner.
Senior Vice President of the Asia Society Policy Institute, Wendy Cutler, expressed concern over the possible derailment of a bilateral trade agreement between the US and India. Meanwhile, both countries brace for the economic ramifications of these sweeping changes.
(With inputs from agencies.)
ALSO READ
Syria Launches Probe into Sectarian Violence as Minority Tensions Rise
Renewing Space Ties: NASA and Roscosmos Discuss Cooperation Amid Global Tensions
Tariff Tango: U.S.-Canada Trade Tensions Escalate
Trump Announces New Tariffs Amid US-India Trade Tensions
Trump's Tariff Tango: A Global Trade Drama Unfolds
Google News