The US ordered on July 30 that the duty-free exemption on goods up to $800 has now been withdrawn. From August 29, all parcels sent to the US, regardless of their value, will now come under the purview of customs duty under the International Emergency Economic Powers Act (IEEPA).
Sri Lankan MP Harsha de Silva urged his country to stand with India amid rising US-India trade tensions, recalling India’s crucial $4 billion aid during Sri Lanka’s 2022 economic crisis. He criticized US President Trump’s 50% tariffs on Indian goods, calling them unfair. De Silva emphasized that India was Sri Lanka’s only true ally in difficult times and warned against underestimating India’s resilience.
A total of 50 percent tariff has been imposed on Indian goods. After the US tariff announcement, India’s Foreign Ministry said in a statement that in recent times, the US has targeted India’s oil imports from Russia.
This news is worrying for Indian exporters who send goods to the US, but it is also a good news for Apple and its American customers. In April, the US administration exempted smartphones, computers and other electronic devices from this tariff. This means that the price of Apple iPhones made in India (including the upcoming iPhone 17 series) will not be affected for the time being.
Oil prices in India may increase as the Russia-US tensions are expected to push crude oil prices higher. The global supply chain is also expected to be affected amid the ongoing tension between Russia and the US over the Russia-Ukraine war. The price of Brent crude oil could rise to $80 per barrel. Donald Trump is determined to stop the Russia-Ukraine war to claim the Nobel Peace Prize, and if the war does not end, prices may rise further by the end of 2025.
The undersea earthquake was located about 250 kilometers from Japan’s northernmost main island, Hokkaido. Although the tremors were felt mildly in Japan, the agency issued a tsunami warning for the Pacific coastline, warning of waves up to 1 meter (3.3 feet) high.
8 pro-Khalistan gangsters of Indian origin were arrested in this operation conducted with the help of SWAT teams of Stockton, Manteca and Stanislaus County and the FBI’s Special Unit.
Shri Venkat, a resident of Hyderabad, his wife Tejaswini and their two children had gone to Dallas, America for holidays. When they were returning to Dallas after meeting their relatives in Atlanta, a mini-truck coming from the wrong direction hit their car.
Musk announced the formation of his own political party “American Party”. He claims that this party has been formed with the aim of returning the lost freedom to the American citizens. Know the whole matter.
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