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livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
April 2 is coming...What happens on Trump's 'Liberation Day' and beyond?
Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising «Liberation Day» on Wednesday with action targeting countries that have persistent trade gaps with his country.
What can we expect from Trump and what else is in the pipeline?
Trump fired his first salvo in early February, announcing tariffs of up to 25 percent on goods from Canada and Mexico while demanding they do more to stop illegal immigration and the smuggling of the illicit drug fentanyl.
While he postponed their implementation to March and later provided partial relief to aid the auto industry, the state of these exemptions after Wednesday remains unclear.
China won no such reprieve over the same period. The Trump administration slapped an additional 20 percent tariff on goods from the world's second-biggest economy, over its alleged role in supply chains of drugs like fentanyl.
Trump has separately taken aim at key sectors, with 25 percent tariffs on steel and aluminum imports taking effect in mid-March. Tariffs on imported autos, meanwhile, kick in at 12:01am eastern time (0401 GMT) April 3.
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You Might Also Like:Trump says reciprocal tariffs will target all countries as India and the world brace for 'Liberation Day'
The president has unveiled blanket 25 percent tariffs on direct and indirect buyers of Venezuelan oil too, which can happen as soon as Wednesday.
Trump Tariffs: Analysts' expectations
Trump has not detailed the scale of his reciprocal tariffs, aimed at correcting trade imbalances and practices deemed unfair.
But these will likely target around 15 percent of US trading partners, dubbed a «Dirty 15» by Treasury Secretary Scott Bessent.
Analysts expect the group could be similar to
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Why did Donald Trump spare Russia, North Korea from massive Liberation Day tariffs? Here's the reason he cited economictimes.indiatimes.com / 1 year ago
Trump’s shock-and-awe tariffs: Too thin a silver lining for India livemint.com / 1 year ago
Donald Trump's close friend Jeff Bezos may bear the brunt of Liberation Day tariffs: Amazon could lose millions as most of its goods come from China; here's the breakdown economictimes.indiatimes.com / 1 year ago
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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