Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets.Several US importers have gone slow on fresh orders as costs went up significantly after the imposition of 25 per cent duty, although India was not seen to be worse …
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What are reciprocal tariffs and how is Donald Trump using them? | International Business News – The Times of India
President Donald Trump listens to Kid Rock before signing an executive order in the Oval Office of the White House in Washington, Monday, March 31, 2025. (Pool via AP) Reciprocal tariffs are a trade policy mechanism where a country imposes tariffs on imports that match the tariffs its exports face in foreign markets. The concept is rooted in the idea …
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