Former US President Donald Trump has said that there could be a few exceptions to his new 10% base tariff on most US trading partners. This comment was made while speaking to the media on his way to Florida. However, he also added that 10% would remain the minimum tariff for most countries looking to sign trade agreements with the US.<\/p>\n\n\n\n
This statement has added fresh uncertainty to the global markets, which are already under pressure due to Trump\u2019s recent sharp tariff moves. Just a few days ago, he announced higher import taxes on many countries. But these were delayed after a strong negative reaction from the stock and bond markets.<\/p>\n\n\n\n
Trump has kept a high 145% tariff on Chinese goods, while the standard 10% rate is expected for other countries. These aggressive trade policies have worried global investors and raised concerns that they could slow down the global economy.<\/p>\n\n\n\n
In spite of the confusion, the US stock market closed the week on a strong footing. The S&P 500 climbed 1.8% on news that the Federal Reserve may act to shore up the market, if necessary. US bond yields also made substantial movements, posting their largest one-week gain in more than 20 years.<\/p>\n\n\n\n
However, there remains uncertainty. Many believe that Trump\u2019s trade policy, intended to bring jobs back to the US and boost government revenue, risks driving major economies towards a downturn.<\/p>\n\n\n\n
At the same time, the US-China trade war has intensified further. China has already imposed an increased tariff of 125% on all US imports, equal to the US move on Chinese imports. Beijing indicated that it will not increase tariffs but will take strong measures if necessary.<\/p>\n\n\n\n
Trump was optimistic, though, and expressed that he feels something will work out in the trade battle and complimented Chinese President Xi Jinping on being a shrewd and strong leader.<\/p>\n\n\n\n
For Indian markets, these global trade tensions may lead to heightened volatility, affect exports, and shape foreign investor flows in the short term.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a>. Former US President Donald Trump has said that there could be a few exceptions to his new 10% base tariff on most US trading partners. This comment was made while speaking to the media on his way to Florida. However, he also added that 10% would remain the minimum tariff for most countries looking to […]<\/p>\n","protected":false},"author":1,"featured_media":6712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1132],"class_list":["post-6711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-global-market-tariff"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6711"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6711\/revisions"}],"predecessor-version":[{"id":6714,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6711\/revisions\/6714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6712"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a>.<\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"