Sunday, August 17, 2025

Top 5 This Week

Related Posts

White Home official says commerce points with India ‘will not be resolved in a single day’: Report

Revealed on: Aug 01, 2025 06:58 am IST

The comment from the White Home official comes as Donald Trump introduced its new commerce coverage with hours to go earlier than the August 1 commerce deadline. 

As US President Donald Trump signed an govt order revealing his tariff plan forward of the August 1 deadline, a senior White Home official has mentioned the US’s points with India “gained’t be solved in a single day”.

President Donald Trump indicators an govt order within the Roosevelt Room of the White Home in Washington. (AP Photograph/Jacquelyn Martin)(AP)

Donald Trump on Wednesday had introduced imposing 25% tariffs on Indian items and an unspecified penalty over purchases from Russia.

“These are complicated relationships and complicated points. I don’t assume issues may be resolved in a single day with India,” CNN quoted a senior White Home official as saying.

Additionally Learn: Trump indicators govt order imposing reciprocal tariffs as much as 41% on imports

The remark from the White Home official comes as Trump introduced his new commerce coverage with hours to go earlier than the August 1 commerce deadline. The order was issued shortly after 7pm on Thursday night.

Trump introduced the reciprocal tariffs between 10% and 41% for 68 international locations and the 27-member European Union, with a baseline 10% fee to be charged on international locations not listed within the order. A senior administration official mentioned the charges have been primarily based on commerce imbalance with the US and regional financial profiles.

Trump’s tariff on India

Trump on Wednesday slapped 25 per cent tariffs on Indian items, together with an unspecified penalty tied to power and defence purchases from Russia.

Following the tariff announcement, Trump additionally maintained that the US was “nonetheless negotiating” with India on commerce. The 25% tariff is marginally decrease than the speed introduced in April, however is greater than these of different Asian international locations which have struck preliminary commerce agreements with Washington.

Reacting to the tariff, commerce minister Piyush Goyal has mentioned that India will take “all vital steps” to safe its nationwide curiosity.

“The implications of the latest improvement are being examined by the federal government,” Goyal mentioned whereas addressing the Parliament. He additional mentioned the commerce ministry is engaged with all stakeholders, together with exporters and business for taking suggestions on their evaluation of the state of affairs.

Keep up to date with US Information overlaying politics, crime, climate, native occasions, and sports activities highlights. Get the most recent on Donald Trump and American politics additionally realtime updates on Indonesia ferry fireplace.

Keep up to date with US Information overlaying politics, crime, climate, native occasions, and sports activities highlights. Get the most recent on Donald Trump and American politics additionally realtime updates on Indonesia ferry fireplace.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles