If chip firm builds US plant during Trump's term, no tariff will apply: Lutnick

IANS | August 8, 2025 9:18 AM

Washington, Aug 8 (IANS) If a semiconductor firm commits to building its factory in the United States during President Donald Trump's term and fulfills the commitment, its chips would not face a tariff, the commerce secretary said, a day after Trump unveiled a plan to impose about a 100 per cent tariff on chip imports.

US tariff hike to impact only 4.8 per cent of India’s total exports

IANS | August 7, 2025 8:38 PM

New Delhi, Aug 7 (IANS) While US President Donald Trump has announced the imposition of 50 per cent tariffs on India's exports, this is expected to impact only 4.8 per cent of the total goods and services exports of the country worldwide, which surpassed a record $820 billion in 2024-25, according to official estimates.