US Trade Tariff

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China's president appears unlikely to make a similar call soon. Beijing, which unlike America's close partners and neighbours has been locked in a trade and tech war with the US for years, is taking a different approach to Trump in his second term, making it clear that any negotiations should be conducted on equal footing. China's leaders say they are open to talks, but they also made preparations for the higher US tariffs, which have risen 20 per cent since Trump took office seven weeks ago. Intent on not being caught off guard as they were during Trump's first term, the Chinese were ready with retaliatory measures imposing their own taxes this past week on key US farm imports and more. As Washington escalates the tariff, Beijing doesn't see other options but to retaliate, said Sun Yun, director of the China programme

This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'

Commerce Minister Piyush Goyal is currently in the US for discussions aimed at safeguarding Indian exporters' interest

US President Donald Trump's post comes a day before 25 per cent tariffs on Canadian and Mexican goods come into effect

S&P Global Ratings on Monday said several Asia-Pacific economies could face higher tariffs under the Trump administration, while India, South Korea, and Thailand could be most vulnerable to trade retaliation. In its report titled 'Asia-Pacific Economies Likely To Be Hit By US Trade Tariffs', S&P said economies like Vietnam, Taiwan, Thailand, and South Korea have relatively greater economic exposure to the US, meaning that tariffs, if imposed, would have the largest economic impact. "India and Japan have more domestically oriented economies that will provide some mitigation from tariffs," S&P said. US President Donald Trump has said he will impose reciprocal tariffs on its trading partners, including India. The new US administration has already enacted additional 10 per cent tariffs on imports from China and 25 per cent tariffs on steel and aluminum. "We believe this might not be the end of it. Uncertainty is high because of the high leeway the US administration gives ...

'I probably will tell you that on April 2, but it'll be in the neighborhood of 25 per cent,' Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on US allies and rivals alike

The trade gap increased 24.7 per cent to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said

Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April

Government ministries and departments are examining different scenarios after US President-elect Donald Trump's open threat to impose reciprocal tariffs on Indian goods

China has been very conservative in its fiscal policy, and has strictly followed an informal limit of 3 per cent of gross domestic product (GDP) on fiscal deficits

US President-elect Donald Trump has picked Jamieson Greer to serve as the United States Trade Representative (USTR) and appointed Kevin A Hassett as the director of the White House National Economic Council. "Jamieson played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices, and replacing the failed NAFTA deal with USMCA, therefore making it much better for American Workers," Trump said. "His efforts under the former USTR, Bob Lighthizer, a spectacular leader and person, helped spur the return of Manufacturing jobs to America, and reverse decades of disastrous Trade policies. "Jamieson will focus the Office of the US Trade Representative on reining in the Country's massive Trade Deficit, defending American Manufacturing, Agriculture, and Services, and opening up Export Markets everywhere," the president-elect said. Greer is currently a partner at the Law Firm of King & Spalding and served as the Chief of Staff at USTR before ..

Indian steel tycoon Sajjan Jindal wants the government to counter American tariffs and Europe's carbon tax with a similar levy, to level the playing field for companies like his

The Biden administration took the first step toward a review of tariffs on more than $300 billion in Chinese imports.

While the agenda for Katherine Tai's visit has not yet been disclosed, the two sides are likely to discuss issues on market access, including tariffs, by reconvening India-US Trade Policy Forum

Former Commerce Secretary G K Pillai said the country should take action against America and also raise duties on products like almonds

Tata also caters for carmakers and the packaging and bottling industry in the United States with products it says no domestic steel producer makes