The BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, in apparent reference to the US, which they deemed inconsistent with World Trade Organisation (WTO) rules.
In the aftermath of the Russia-Ukraine conflict, India has been buying oil from Russia at discounted rates. India fulfils around 88% of its crude oil demand through imports.
Donald Trump lied about brokering ceasefire between India-Pakistan using tariffs because he wanted to avoid getting his import tariffs blocked by US Trade Court
South Indian film industry (Tollywood) perform well in the US. However, the tariff proposed by the US President will make it more expensive and difficult for Indian filmmakers to release films in the US. Ticket prices will rise, which could further deter audiences from visiting cinemas.
A “first copy” is a term widely used to describe replicas made using the same material, and often in the same factory, as the original product. Sometimes, they even pass as indistinguishable.
Earlier today, in a retaliatory move, China announced that it would increase its tariff on US goods from 34 per cent to 84 per cent starting April 10, as reported by Al Jazeera.