Trump govt readies reciprocal US tariffs

The Manila Times

The Manila Times

Summary

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Prime Minister Narendra Modi's longstanding bonhomie with President Donald Trump could be tested as the Indian leader kicks off a visit to Washington on Wednesday, eager to avoid tariffs that have been slapped on others and threats of further taxes and imports.
Newsmax
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US President Donald Trump recently announced a 25 percent import tax on all steel and aluminum consignments entering the country, ending previous exemptions for allies including Canada and the European Union.
China Daily
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The move marks another step in Trump's aggressive trade policy, coming just days after the administration imposed a sweeping 10 percent tariff on Chinese imports, escalating tensions with global trade partners.
The Korea Times
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For all the ways in which nations may contemplate retaliating against the U.S. for President Donald Trump's aggressive tariff threats — from potential 100% tariffs on Teslas to banning bottles of liquor made in red states — one of the more opaque methods of global economic war may occur far away from the world of customs agents and consumer prices, dipping a little deeper into the world of corporate tax and profits of multinational corporations.
CNBC

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updated 88:88

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