Summary of Important News Items and Editorials-30
Summary of Important News Items and Editorials-30
INDIAN EXPRESS DATED 8TH JULY 2025.
1. Trump Unveils 25% Tariffs on South Korea and Japan; India Eyes Extended Deadline
In a significant escalation of trade tensions, former US President Donald Trump announced 25% tariffs on imports from Japan and South Korea, effective from August 1, 2025. This announcement comes just before the expiry of a reciprocal tariff pause on July 9. Trump also warned of an additional 10% tariff on nations aligning with the "anti-American policies of BRICS", though India refrained from issuing a formal response. The announcement has led to heightened concerns globally, especially among US trading partners. Amid this pressure, India is negotiating an interim trade deal and may be granted an extended deadline until August 1 to finalize talks. The US Treasury emphasized its aggressive strategy to secure swift agreements by leveraging tariff threats. While India continues bila
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