US Commerce Secretary Howard Lutnick on Sunday in an interview with News Nation said that India needs to ‘react correctly’ to the US. Lutnick said that India must open its markets and take actions that would not ‘harm’ the US. “We have a bunch of countries to fix like Switzerland, Brazil, right? It’s got an issue. India, these…
US President Donald Trump has said his administration might start imposing tariffs on pharmaceutical imports at the end of the month, while noting the timeline for duties on semiconductors was “similar” to that of those on pharmaceuticals. Trump made the remarks, suggesting that his administration will phase in the tariffs on pharmaceuticals to allow time…
US President Donald Trump’s country-specific tariffs are now scheduled to take effect from August 1, offering a temporary reprieve as trade talks intensified with several countries, including India. Earlier, the US tariffs were set to take effect from July 9. Commerce Secretary Howard Lutnick announced the tariff reprieve on Sunday (US time) while speaking to…