US President Donald Trump imposed new tariffs under the International Emergency Economic Powers Act to counter trade deficits and bolster domestic manufacturing. Countries with significant trade surpluses face steep tariffs, disrupting industries and supply chains, while others see baseline tariffs. Critics foresee economic instability and potential trade wars.
Trending
- Lawyers Singhvi & Kapil Sibal find fault with ‘selective law’, say it’s against statute
- Waqf bill unconstitutional, aimed at targeting Muslims: Opposition
- Waqf bill: BJP member offers to quote from Quran, surprises Rajya Sabha
- Rijiju plays up church backing to seek support for waqf bill
- NDA’s new ‘secular’ entrants, NCP and JDS, support waqf bill
- Rahul Gandhi says China has grabbed 4,000 sqkm, Anurag Thakur hits back
- Waqf bill seeks to complete unfinished tasks of previous governments: Kiren Rijiju
- WB jobs-for-cash scam: Stds 9-12 to be hit in government-aided schools