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President Donald Trump listens to a question from a reporter before signing an executive order in the Oval Office of the White House in Washington. File.
| Photo Credit:
AP
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U.S. President Donald Trump is poised to unveil sweeping new “Liberation Day” tariffs on Wednesday (April 2, 2025), but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war.
India hopes for some sort of exceptional treatment, given Prime Minister Narendra Modi’s visit to Washington and talks with Mr. Trump in February, and the launch of talks for a Bilateral Trade Agreement (BTA) since then. In a statement issued at the end of the last round of talks March 25-29 in Delhi between U.S. Trade Representative (USTR) officials and Commerce Ministry officials, the government said they had “broadly come to an understanding” on the next steps for the BTA, and hoped to finalise the first tranche or part of it by Fall 20205 (September-November).
Mr. Trump will roll out the measures flanked by cabinet members in the Rose Garden of the White House at 4 p.m. (April 3, 1.30 a.m. IST), after Wall Street markets close, promising that they will stop America being “ripped off” and will deliver a new “golden age” of U.S. industry.
(With agency inputs)
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Trump tariff announcements LIVE: Stock markets mixed as uncertainty rules ahead of Trump tariffs
