US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.

US President Donald Trump has signaled a potential shift in trade strategy, suggesting a baseline tariff of 15% for most nations, potentially reaching 50% for countries with strained relations. This move marks a departure from pursuing individual trade agreements,

Indian Commerce Minister Piyush Goyal said he was optimistic that his country could reach an agreement with the US ahead of an Aug. 1 deadline to avert threatened tariffs of 26%.

“If you are buying energy from Russia and not helping Ukraine, your goods will face a 500% tariff coming into the United States,” Senator Graham said in an interview. He described the legislation as a “breakthrough” in exerting global pressure on Moscow and noted that Trump had encouraged lawmakers to move forward with the bill.

Indian IT giants face headwinds as key sectors like manufacturing and healthcare curb spending amid global economic uncertainties. Tariff-related supply chain issues and the impact of US policies are pressuring these verticals.

A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.

Senator Lindsey Graham (R-S.C.) issued a stark warning to China, India, and Brazil, indicating that they could face severe economic consequences for continuing to purchase Russian oil.

US President Donald Trump has confirmed that most countries trading with the US will soon face new tariffs starting at 15%, rising to as high as 50%. While smaller nations may see a baseline rate of 10%,