Trump Announces US-India Tariff Reduction to 18%
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS:President Trumpon social media, "It was an Honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO. The Prime Minister also committed to 'BUY AMERICAN,' at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most."FUNDING DEAL:President Donald Trumpon Truth Social, "I am working hard with Speaker Johnson to get the current funding deal, which passed in the Senate last week, through the House and to my desk, where I will sign it into Law, IMMEDIATELY! We need to get the Government open, and I hope all Republicans and Democrats will join me in supporting this Bill, and send it to my desk WITHOUT DELAY. There can be NO CHANGES at this time. We will work together in good faith to address the issues that have been raised, but we cannot have another long, pointless, and destructive Shutdown that will hurt our Country so badly - One that will not benefit Republicans or Democrats. I hope everyone will vote, YES!"LUNAR INITIATIVE:Voyager Technologiesannounced a strategic lunar initiative aligned with the White House's Securing American Space Superiority executive order. Voyager's lunar strategy will focus on delivering the infrastructure required for sustained human and robotic operations. "History shows us that American leadership in space is secured when vision is matched by execution," said Dylan Taylor, chairman and CEO, Voyager. "The White House has laid out a clear vision for the next era of American space achievement, and we are launching a lunar strategy focused on turning that vision into durable capability. That requires infrastructure that supports human life, moves power and data, enables autonomous operations and endures over time."