US President Donald Trump on Wednesday announced a lower rate of 10 per cent for 90 days in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125 per cent for hitting back.
India has not retaliated to the 26 per cent levy by Trump and has engaged the administration in negotiations, like nearly 70 other countries.
Indian External Affairs Minister S. Jaishankar and Secretary of State Marco Rubio on Monday discussed “early conclusion” of a bilateral trade agreement.
The pause and the additional tariff on China came after Beijing hit back to Trump's second round of additional 50 per cent hike -- over the 34 per cent announced earlier, which had taken the total levies to 104 per cent. China retaliated with additional tariff taking up its levy on imports from America to 84 per cent.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125 per cent, effective immediately,” President Trump wrote on Truth Social.
“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10 per cent, also effective immediately,” he said further.
US markets have been in turmoil since the reciprocal rates went into effect and calls had emerged from some key Wall Street influencers such as Bill Ackman for a 90-day pause.
Trump has also faced some push-back to the tariff from a key adviser, Elon Musk who has criticized them and engaged in a public spat with Peter Navarro, a key trade adviser to the president.
CWG 2026: Preeti, Jaismine, Sakshi, Sachin win as India rule boxing ring with seven gold
Indian boxing scripted history at the Commonwealth Games 2026 in Glasgow on Saturday by bagging seven gold medals — the highest-ever gold haul for the country in the competition.
Five NE states record below-normal monsoon rainfall in June-July despite widespread floods
Even as several Northeastern states were battered by heavy rains, floods and landslides during July, five of the region's eight states recorded below-normal monsoon rainfall so far due to weak rain-bearing systems over the Bay of Bengal, the absence of active monsoon troughs and the influence of El Nino, India Meteorological Department (IMD) officials said on Saturday.
Blood donation movement witnessing a renaissance in Tripura: CM
Chief Minister Prof. Dr. Manik Saha today said that there is currently a renaissance in the blood donation movement in the state. Along with creating a sense of spirituality through blood donation, a sweet bond is developed between the blood donor and the recipient.
Residents allege irregularities in Dharmanagar–Kailashahar road repair work, seek official inquiry
Allegations of irregularities have surfaced in the ongoing maintenance work on the Dharmanagar–Kailashahar road, with local residents claiming that the project is not being executed in accordance with the approved work order. They have urged the authorities to conduct a detailed investigation into the matter.
Sports Minister inspects construction of youth hostel in Kailashahar
Tripura Sports and Youth Affairs Minister Tinku Roy on Saturday inspected the ongoing construction of a 200-bed Youth Hostel at Ward No. 14 of the Kailashahar Municipal Council in Unakoti district. Senior officials of the concerned department accompanied the minister during the visit.
Infant found dead in well in North district
A pall of grief and shock has descended on North Gopalpur village in North Tripura district after the body of a 12-day-old baby girl was recovered from a well early on Saturday morning.
Ahmedabad to officially receive Commonwealth Games Flag, Host Baton at Glasgow closing ceremony
Ahmedabad's preparations to host the centenary edition of the Commonwealth Games will formally begin on Sunday when the city receives the Commonwealth Games flag and the Host Baton during the closing ceremony of the 2026 Commonwealth Games in Glasgow.
AGMC to be top medical, research centre in NE: Tripura CM
Tripura Chief Minister Manik Saha on Saturday said the state government is working relentlessly to transform the Agartala Government Medical College (AGMC) and Govind Ballabh Pant Hospital into one of the best medical education, research and super-speciality healthcare institutions in Northeast India, while strengthening the state’s overall healthcare ecosystem.