The United States government has initiated the long-awaited process of refunding billions of dollars in tariffs after the US Supreme Court struck down duties imposed under former President Donald Trump earlier this year.
Singh met with US Secretary of War Pete Hegseth during the ongoing 12th ASEAN Defence Ministers’ Meeting - Plus (ADMM-Plus). Post the delegation-level talks, the two leaders had a one-to-one meeting on the sidelines of the summit.
In a significant step toward easing tensions, US President Donald Trump announced that his administration has resumed trade negotiations with India.
As US President Donald Trump on Wednesday announced to impose 50 per cent tariffs on imports from India, shipments worth more than $30 billion involving pharmaceuticals and certain electronic items such as smartphones, semiconductors, and energy are so far secure from higher duties as these are still under an exemption list.
The just concluded trade deal between the United States and the European Union marks a significant moment in the on-going realignment of global commerce.
The recent easing of US-China tariffs has undoubtedly pulled China back from the brink of a social and economic rupture.
US President Donald Trump’s sweeping reciprocal tariffs go into effect Tuesday at midnight US Eastern time (9:30 am IST) unaffected by negotiations underway between the US and the affected trading partner countries, with the heaviest levy of 104 per cent on goods from China.
