• Wion
  • /World Business Watch
Trump's escalates tariff threat with new 25% universal taxes

Trump's escalates tariff threat with new 25% universal taxes

US President Donald Trump floated new universal tariffs of 25% on autos, drugs, and chips, saying they could come as early as April. With this proposal, Trump escalated his tariff rhetoric. In response, India has called for a bilateral meeting with the US To discuss trade ties. Japan has raised auto tariff concerns with the US, seeking concessions. In the report, we look at if Trump's tariff strategy as leverage to negotiate deals is working.