US president Donald Trump’s 25 per cent tariff on Indian imports takes effect today, citing high trade barriers and India’s ties with Russia, with smartphone exports temporarily exempt pending review.
Indian textile stocks surged after US President Donald Trump imposed a 35 per cent tariff on Bangladeshi goods. Companies like Gokaldas Exports and Vardhman Textiles saw gains. The US warned of further action if Bangladesh retaliates with higher tariffs.
Lee, who rose from childhood poverty to become South Korea's leading liberal politician vowing to fight inequality and corruption, formally began his term, a day after winning a snap election