Trump Levies 50% Tariffs On Brazil; New Letters Issued To Iraq, Libya, Sri Lanka, Others — Key Highlights
A total of 22 countries have now received their tariff letters from US President Trump.
US Trade Deal Key Highlights
On Wednesday, Trump has effectively:
Imposed 30% tariffs on Libya, Iraq, Sri Lanka, and Algeria.
Slapped 25% tariffs on Moldova and Brunei.
Announced 50% tariffs on Brazil.
US India Trade Deal: Wrapping Up
We now take the action over to our new live blog, where you can follow NDTV Profit as the latest action on the trade front unfolds.
This live blog has ended.
India Trade Deal Live: Ports Ministers On Boosting Exports
India will have to increase its exports to become the world’s third-largest economic power, and the shipping and waterways sector will play a vital role in enhancing exports, Minister of State for Ports, Shipping and Waterways Shantanu Thakur said on Thursday.
Source: PTI
Trade Deal Live: Sri Lanka Assessing Latest Tariffs
Sri Lanka would continue to engage with the US for a "mutually beneficial" outcome on tariffs, a top finance ministry official said on Thursday, after Washington imposed a 30% tariff on all Sri Lankan imports to the country.
Source: PTI
Tariff Live: Bangladesh To Increase Imports From US
Bangladesh has proposed to increase imports from the US on the first day of tariff talks between the two countries, a Bangladeshi official said on Thursday, Money Control said citing ANI.
Tariff Live: Dollar Reacts To 50% Tariff On Copper
The US dollar weakened against its peers on Thursday following President Trump's announcement of a 50% tariff on copper, effective from August 1, and a similar tariff on Brazilian goods. At intraday, the dollar fell by as much as 0.29%, reaching 97.27.
