The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.

In tech: Trump and Tim Cook, Apple’s chief executive, announced that the company was pledging $100 billion in additional U.S. investment, its latest move to avoid iPhone tariffs. Trump also threatened to impose levies of 100 percent on all foreign-made chips next week unless manufacturers agreed to invest and build in the U.S.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,