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Tariff war: US average duty hits 20.1%, highest since 1910s; WTO & IMF warn of global trade rollback

IndiaTimes Friday, 8 August 2025 ()
The US average tariff rate has surged to 20.1%, marking its highest sustained level since the 1910s, driven by President Trump's pursuit of "reciprocal" trade. This increase, particularly targeting Chinese goods, reverses decades of trade liberalization. Trump defends the tariffs, citing positive impacts on the stock market and national revenue, while warning against judicial reversals that could trigger economic collapse.
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News video: Putin holds Call with Modi & Xi Jinping | BRICS Nations COUNTER Trump’s Tariff Threat | BRICS Vs U.S

Putin holds Call with Modi & Xi Jinping | BRICS Nations COUNTER Trump’s Tariff Threat | BRICS Vs U.S 03:28

 As Trump imposes sweeping tariffs on India and China, leaders Modi, Xi, and Putin are coordinating a strategic response. Modi and Putin held a phone call to review bilateral ties, with Trump accusing India of funding Russia’s war via oil trade. Xi also spoke with Putin, urging diplomacy with the...

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