Latest news with #CentreforEconomicSecurity
Bloomberg
7 days ago
- Business
- Bloomberg
Trump Plans to Increase India Tariffs, Escalating Trade Spat Over Russia
President Donald Trump said he would be 'substantially raising' the tariff on Indian exports to the US over the Asian nation's purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,' Trump wrote on social media Monday. 'They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA.' Trump didn't say by how much he would increase the levy. Last week, he announced a 25% rate on Indian exports, one of the highest of any major economy, and vowed more duties if India continued to buy oil from Russia. Today's guests: Wolf von Rotberg, J Safra Sarasin Equity Strategist, Rebecca Harding, Centre for Economic Security CEO. (Source: Bloomberg)
Bloomberg
02-04-2025
- Business
- Bloomberg
Trump's Tariff Plans Still in Limbo Ahead of Rose Garden Event
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, US President Donald Trump's sweeping tariffs are to take immediate effect after they are announced today. But the plan is down to the wire - with sources saying his team is still finalizing the fine print, just hours from a planned event in the White House Rose Garden. Meanwhile, Marine Le Pen's hopes of running for the 2027 French presidency have been given a boost after the Paris Court of Appeals said it should be able to rule on a challenge to her conviction. Today's Guests: Rebecca Harding, CEO of the Centre for Economic Security & Ana Boata, Head of Economic Research at Allianz Trade. (Source: Bloomberg)
