Published: Feb 20, 2025, 05:57 IST | Updated: Feb 20, 2025, 05:57 IST
World Business Watch Feb 20, 2025, 05:57 IST
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.