In this issue of Forbes Daily:- Trump said he will raise India’s 25% tariff rate “substantially”- Meet the other billionaire behind Skydance’s Paramount deal- Tesla approved a stock award worth about $29 billion to CEO Elon MuskRead more: https://t.co/0ydzpZLT6a https://t.co/L1TgWBAjCf ...

India’s government is scrambling to contain the economic fallout from President Donald Trump’s threatened tariff action, which has left officials in New Delhi reeling on how to respond https://t.co/KPcnZYUQJH ...

Trade Negotiations - Switzerland's President and Economy Minister to present a more attractive trade offer to the US [1] - The aim is to lower the 39% tariff on Swiss exports [1]

一位欧盟官员周二表示，欧盟商品在进入美国时面临的15%关税是全包式的，包含了最惠国税率，这与部分与美国有协定的其他国家不同。除了钢铁和铝之外，所有商品都适用15%的税率。药品和半导体目前的关税为零，但如果未来因美国根据232条款调查而调高关税，其税率也不会超过15%。这项15%的上限同样适用于汽车及汽车零组件，且这类商品没有配额或限制。 ...

India's priority should be to avoid a penal US tariff, not escalate the war of words with Trump, writes @andymukherjee70 (via @opinion) https://t.co/qDnruOFIFD ...

Trade Policy & International Relations - The US president is increasing tariff pressure on India, a key trading partner, due to their purchases of Russian oil, accusing them of profiteering and funding Russia's war in Ukraine [1] - India criticized the tariff escalation as unjustified, highlighting previous US support for their plan to keep oil flowing globally at a price that would reduce Russia's revenue [2] - The president is demanding investment pledges from various countries and threatening trade partners with high tariffs if they don't provide the money [7] - The imposition of tariffs is viewed as a tax primarily borne by US importers [8][11] Economic Impact & Market Concerns - The president's actions towards India and Brazil suggest a pattern of constant uncertainty and threats regarding trade [12] - Concerns exist that reliance on tariff revenue could create a cycle of dependence [11] - Tariffs are expected to increase prices for consumers on everyday goods like shoes, coffee, and bananas [14] - The uncertainty caused by these trade policies is considered harmful to the economy [13] Alternative Strategies & Policy Debate - A previous strategy involved allowing countries like India to buy Russian oil at a capped price to maintain global oil supply while reducing Russia's revenue [6] - Questions are raised about whether the current administration has a better plan to hurt Russia without raising gas prices globally [7] - The current approach is seen by some as deviating from the principles of open markets and independent central banking that have historically supported the American economy [9][10]

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/nlLzChZfML https://t.co/nlLzChZfML ...

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/TwA7YU7kyh ...

President Trump expressing some frustration with the country of India on Truth Social, his social media site. Uh just within the past couple of minutes, officials here saying this uh post reflects uh the president's frustration with his inability to get a trade deal with India. The president posting 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. They don't care how many people in Ukraine are being killed by ...

Trump will raise India's tariff rate over the country’s purchases of Russian oil, following up on a previous threat he made in July as India has indicated it will continue purchasing discounted oil from Russia. (Photo: Anna Moneymaker via Getty Images)https://t.co/1c9iEITqpu https://t.co/DRtJ1Q0s1D ...