Trump Doubles India Tariff, Slaps 100% on Chips in Latest Blitz
Photographer: Win McNamee/Getty Images
Good morning. Donald Trump doubles India’s tariff rate and vows a 100% levy on chips. Apple pledges another $100 billion to boost US production. And Mars is digging into cocoa’s DNA to defend the crucial crop. Listen to the day’s top stories.
Donald Trump slapped an extra 25% tariff on Indian goods in response to the country’s ongoing purchases of Russian energy, escalating a showdown that’s prompted shock and fury in the Asian nation. Narendra Modi’s main political rival branded Trump a “bully” for the fresh penalty, marking a rare moment of bipartisanship. He also announced a 100% tariff on imports that include semiconductors, though would exempt companies moving production back to the US.