Trump stated that the tariff hike was in response to Ontario Premier Doug Ford's decision to impose a 25% tax on electricity exports to the U.S.—a move that itself was a reaction to Trump's initial 25% tariffs on Canadian imports.
The Mahakumbh festival in the holy city of Prayagraj is estimated to have generated business of over ₹3 lakh crore (USD 360 billion) through goods and services, as per Confederation of All India Traders
India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
Trade has been suspended along the Pakistan-Afghanistan border at Torkham after exemption given by Pakistan for visa-free entry to Afghan truckers ended on 31 July