Trump's Tariff Threat: Tax on Automobile, Pharmaceutical—India Among Countries to Suffer the Most
Video Credit: Oneindia - Duration: 04:13s - Published
Trump's Tariff Threat: Tax on Automobile, Pharmaceutical—India Among Countries to Suffer the Most
Trump's Tariff Threat: President Donald Trump has announced a sweeping 25% tariff on auto imports, semiconductors, and pharmaceuticals, set to take effect as early as April 2.
He warned that these tariffs could go even higher within a year, urging companies to move their factories to the U.S. to avoid heavy taxation.
The new import taxes are expected to drive up car prices by thousands of dollars and disrupt global chip and drug supply chains, hitting Asian and European manufacturers the hardest.
Will this move boost American industries or trigger an economic shockwave?
Stay tuned for the full breakdown.Trump's Tariff Threat
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In a significant development for US-India relations, President Donald Trump has revealed that trade negotiations with India are "coming along great," fueling expectations of a groundbreaking trade deal in the near future. This could be the first major post-tariff agreement, marking a new chapter in bilateral economic ties between the two nations. With both sides eager to finalize terms, could this deal reshape global trade dynamics? In this video, we break down everything you need to know about the Trump administration’s strategy and what this potential deal means for both the US and India.
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