Indian exporters hope for US trade deal after 25% tariff blow
Indian exports to the US face a 25% tariff – along with other penalty shocks ...
CHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATETSLA: POWERING THE UKUPS: DRIVER DEAL EXTENSIONMAERSK: BEARS UPPING TARGETSCHRW: NEW HIGHS AND PAYOUT CONFIRMED
CHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATETSLA: POWERING THE UKUPS: DRIVER DEAL EXTENSIONMAERSK: BEARS UPPING TARGETSCHRW: NEW HIGHS AND PAYOUT CONFIRMED
Not many people, in the world of logistics at least, would agree with Trump that “tariffs are the greatest”, or that “trade wars are good, and easy to win”. Neither statement appears to be true right now. Yesterday, new tariffs came in on a wide-ranging array of consumer goods, which is set to cost the average US household an additional $800 to $1000 a year. As the BBC reports, “nappies, dishwashers, shoes, clothes, food – looking through the 122-page list of eligible products, it’s hard to find something that’s not on there”. Trump, whose tariffs are expected to hit his own support base the hardest, has pushed back the next round to mid-December so as not to harm Christmas sales too much. But expect the world of trade and logistics to feel this new round…
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