Trump imposes additional 25% tariff on Indian imports; economists warn of impact on growth

August 7, 2025 8:20 AM

Trump imposes additional 25% tariff on Indian imports; economists warn of impact on growth

U.S. President Donald Trump has imposed an additional 25% tariff on imports from India, a move economists say could dent India’s GDP growth in FY26 by up to 0.4%. Sonal Badhan, Economics Specialist at Bank of Baroda, told ANI, “We had initially priced in an approximate 0.2% impact on GDP growth due to the earlier 25–26% tariffs imposed by the U.S. The additional 25% hike will come into effect after 21 days. During this time—or in the coming months—there is a likelihood that lower rate...

US launches probe into Brazil’s trade practices, digital payment services

July 16, 2025 9:43 AM

US launches probe into Brazil’s trade practices, digital payment services

U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil's "unfair" trading practices, a week after President Donald Trump threatened a 50% tariff on imports from Latin America's largest economy. Trump's trade war, launched since starting his second term in January, sets tariffs on nearly all U.S. trading partners, aiming to reorder the global economy and end decades of what he calls discrimination against the United States. The USTR investigation, ...