#trade-policy

#trade-policy

The deadline for new US tariffs on India has passed early Wednesday, doubling the total levies on goods from the South Asian economic giant to 50%. US President Donald Trump had earlier announced the increase to pressure buyers of Russian fossil fuels, a major source of revenue for Moscow. Trump's trade adviser, Peter Navarro, said last week that "India doesn't appear to want to recognize its role in the bloodshed," in reference to Russia's war in Ukraine.

"Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology. They also, outrageously, give a complete pass to China's largest Tech Companies," he added. "This must end, and NOW!" his post continued, before promising "substantial additional Tariffs" on any nation that dares to persist with regulations, plus "Export restrictions on our Highly Protected Technology and Chips."

The US president has threatened to impose a tariff of up to 300 percent on imports of semiconductors. United States President Donald Trump has threatened to impose tariffs of up to 300 percent on semiconductor imports, with exemptions for foreign companies that commit to manufacturing in the US. Trump has cast the proposed tariff as a way to drive investment to the US, but experts say it could also disrupt global supply chains and even penalise companies already making chips in the US.

Omid Nouripour suggested that Switzerland should be offered an opportunity for closer ties with the EU, advocating for a potential 'turbo membership' initiative.

President Trump criticized The Wall Street Journal for its negative stance on his trade policies, suggesting the publication favors China and globalist perspectives.

Kaitlan Collins pressed Peter Navarro on why China, which imports more Russian oil than India, wasn't treated similarly regarding tariffs, highlighting the discrepancies in trade policies.

Coca-Cola plans to launch a new offering made with U.S. cane sugar this fall, responding to consumer interest in differentiated experiences beyond their core portfolio.

The US economy, the single biggest driver of global growth, has defied expectations across numerous metrics, with inflation staying low and employment remaining robust.

Trump has presided over the chaotic rollout of tariffs on an array of overseas products that many have argued risk having the exact opposite effect. After a lull, the consumer price index (CPI) is back on the rise.