India, steel and Trump
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Donald Trump, Tariffs
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India and the US are accelerating negotiations to conclude an interim trade agreement by late June, aiming to avoid new 26 per cent US tariffs on Indian exports and seeking a full rollback of April 2 tariff hikes.
The legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.
Apple and India have invested years and billions of dollars in teaming up against China. India sees it as a strength. To President Trump, it looks like leverage.
US President Donald Trump has pressured Apple into de-accelerate its investments in India, which may have limited impact on the company's diversification strategy.
1don MSN
President Donald Trump said Pakistani officials are visiting the U.S. next week in an effort to reach a deal to lower tariffs.
Trump said last week he intends to increase tariffs on imported steel and aluminium to 50% from 25% currently, spurring declines on Monday in steelmakers’ stocks in South Korea and Vietnam - major Asian exporters to the U.S
By Bharath Rajeswaran (Reuters) -Indian equity benchmarks fell on Monday, as losses in information technology and metals stocks on U.S. tariff-related uncertainty outweighed optimism from stronger-than-expected domestic growth.
India and the US are actively working on a bilateral trade agreement targeting a doubling of trade to USD 500 billion by 2030. While Trump has proposed increasing tariffs on steel and aluminium, India seeks resolutions through negotiations.