India, Trump and tariff
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On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.
S&P says high US tariffs unlikely to impact India's long-term growth due to economic reforms and domestic focus.
Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.
The global oil market is experiencing shifts in trade flows as US President Donald Trump intensifies diplomatic efforts to broker an end to the war in Ukraine.
India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China.
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Press Trust of India on MSNUS tariff unlikely to impact India's long-term prospects: S and P
S and P Global Ratings on Tuesday said high US tariffs are unlikely to impact India's long-term growth prospects as the government is focused on economic reforms and trying to improve the standard of
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.
India trade relations prompted foreign investors to flee companies exposed to tariff risks, but retail investors significantly increased their buying in these stocks during the April-June period.