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“The American film industry is rapidly declining, with other countries luring our filmmakers and studios through various incentives,” he wrote on his social media platform, Truth Social. “Hollywood and several regions across the U.S. are facing severe setbacks. This appears to be a coordinated effort by foreign nations and, as such, poses a national security threat.”
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The 30-share BSE Sensex rallied 1,210.68 points to reach 75,057.83 in early trade, while the NSE Nifty climbed 388.35 points to 22,787.50. The gains came after the US announced a 90-day suspension of additional tariffs on India, effective until July 9, as per executive orders from the White House.
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The White House fact sheet, read by Trump says India's uniquely burdensome and duplicative testing and certification requirements in sectors such as chemicals, telecom products, and medical devices make it difficult or costly for American companies to sell their products in India
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The new tariff will go into effect on April 2, a day Trump likes to call the “Liberation Day”, when the reciprocal tariff system kicks in.
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Imports of US grown chicken, wheat, corn and cotton will face an extra 15% tariff. The tariff on sorghum, soybeans, pork, beef, seafoods, fruit, vegetables and dairy products will be increased by 10%
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The EU has said a key objective of its trade negotiations is removing barriers and helping European companies, particularly smaller firms, to export more. In the same spirit, it must reciprocate by removing trade barriers on Indian firms, especially MSMEs, the people said, requesting anonymity.
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The US President Donald Trump has threatened to impose tariffs on European Union imports and refused to rule out military force to take control of Greenland
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In separate negotiations, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have agreed with US President Donald Trump to pause planned tariffs for at least a month
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Trump has signalled that the European Union could be next target for tariff after Canada, Mexico and China
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The average tariff rate on all imports could spike seven times higher in 2025 under Trump. The United States has not seen an average tariff rate that high since the Great Depression era, say experts
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Mexico's President Claudia Sheinbaum has announced counter-tariffs on American goods, further escalating trade tensions between the two nations
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In a phone call with Modi, Trump emphasised the importance of India increasing its procurement of American-made security equipment and moving toward a fair bilateral trading relationship
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Phone conversation comes six days after EAM Jaishankar held separate meetings with US Secretary of State Marco Rubio and National Security Advisor Mike Waltz in Washington
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"I was just informed that two repatriation flights from the United States, with a large number of Illegal Criminals, were not allowed to land in Colombia": Trump
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According to the US President-elect, the move is aimed at checking the flow of illegal immigrants and drugs into the country
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Under new plans, tariffs are hiked between 11-24 per cent in different pre-paid and post-paid plans
