US President donald trump has imposed 20-50% tariffs on goods imported from 57 countries through reciprocal tariffs, causing global trade to falter. 26% for india, 25% for Canada-Mexico, and 125% for China. In this situation, after extensive consultation, the trump administration postponed this reciprocal tariff for 90 days. While this 90-day deadline is set to expire on July 9, white house spokesperson Carolyn Leavitt said last week that it may be extended again. trump has released important information to deny this. donald trump participated in an interview on Fox News' 'Sunday Morning Futures with Maria Bartiromo' on Friday. In it, he said that it is impossible to avoid imposing additional tariffs on countries that do not sign trade deals by July 9. He also said that there would be no need to extend the deadline. He added, "I don't think we need to extend the deadline. If necessary, we can do it, it's not a big deal."
Earlier on Friday, trump had said that "we can do whatever we want," including extending or reducing the July 9 deadline for imposing reciprocal tariffs. Speaking to reporters, trump said, "Congratulations to the countries of the world, now we have to pay 25% tariffs." On january 20, 2025, trump, who became president for the second time, announced import tariffs on his first day. He announced that canada and mexico would be subject to a 25% tariff and china to be subject to a 10% tariff starting february 1, 2025. This was followed by the reciprocal tariff, dubbed “Liberation Day,” on april 2, which imposed a 10% base tariff on all imports and tariffs ranging from 20-50% on 57 countries. These included 26% for india, 34% for china, 36% for Thailand, and 49% for Cambodia.

In response to Trump’s tariff announcement, china imposed tariffs on American goods. In response, trump imposed additional tariffs of up to 125% on Chinese imports. But it must be said that China’s ban on rare earth metals exports has put the US on edge. This has reduced the US government’s actions against China.

The tariff dispute has caused great tension in global trade. India’s 26% tariff is a challenge for indian exporters, especially textiles, pharmaceuticals, and technology products. indian exporters have to face the cost increase caused by the 26% tariff, which could severely affect profit margins. The important thing is that there is still no compromise or trade agreement between india and the US.
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Sowmiya Sriram

30/06/2025 08:25 AM