The new tariffs imposed by the US are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by SBI.

Thailand and Cambodia on Friday welcomed a 19 percent trade tariff announced by US President Donald Trump, avoiding a threatened levy of 36 percent days after he intervened to help broker a ceasefire in their deadly border conflict.

India is exploring options to address US President Trump’s 25 per cent tariff on Indian goods, but immediate retaliation is unlikely. While aiming to maintain trade relations by potentially increasing imports of natural gas, communication equipment, and gold from the US, India has ruled out new defense purchases, including the F-35 fighter jets.