WTO data indicates the U.S. trade-weighted average tariff stands at 2.2%, whilst India’s is 12. (AI image) India is willing to reduce tariffs on over 50% of American imports valued at $23 billion during the initial stage of a trade agreement under negotiation between the two countries, two government officials told Reuters. This significant reduction…
US President Donald Trump and Prime Minister Narendra Modi (File Image) Donald Trump’s 25% tariff on all steel and aluminium imports go into effect on Wednesday with US President asserting that these taxes would generate US factory employment during a period when his fluctuating tariff policies are unsettling the stock market and raising economic decline…
India currently imposes import duties of up to 110% on vehicles, which Tesla’s CEO Elon Musk has publicly criticised. (AI image) Elon Musk’s Tesla cars in India: Donald Trump-led US government is seeking India’s agreement to remove tariffs on automobile imports as part of a proposed bilateral trade agreement. However, India is hesitant to immediately…
PM Modi urged stakeholders to suggest ways to implement proposals in agri budget more effectively on the ground, and emphasised need to enhance production of pulses to reduce the country’s dependence on imports. He pitched for exploring new ways to promote diverse nutritional foods and asked private sector to focus on high-yielding crop seeds. Addressing…
President Donald Trump said Wednesday that the European Union (EU) was born to “screw” the US, laying bare his hostility to the long-time US partner as he detailed new tariffs. Trump’s month back in the White House has been marked by soaring friction between Washington and its European allies, with the US abruptly shifting gears…
The February loading statistics from Russia and US ports will primarily reflect in March’s Indian imports. (AI image) Russian oil exports to India have decreased by approximately 25% in February due to sanctions, while US oil shipments have seen a near 100% increase, aligning with India’s commitment to boost American energy purchases to $25 billion.Data…
President Donald Trump moved to substantially raise tariffs on steel and aluminium imports on Monday, cancelling exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other countries in a move that could boost the risk of a multi-front trade war. Trump signed proclamations that raised the tariff rate on aluminium imports to 25…
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House, Mr. Trump said that the tariffs were in response to China’s role…
NEW DELHI: Flagging trade deficit and imports hitting record high, Leader of Opposition in Lok Sabha, Rahul Gandhi on Wednesday hit out at the Centre for the economic woes, claiming it was a result of the government prioritising “crony” businesses over play-fair ones.“What happens when a government prioritises crony businesses over play-fair businesses? Result: Weakened…
NEW DELHI: The country’s coal import rose by 4.2 per cent to 162.45 million tonnes (MT) in the April-October period of the current financial year compared to 155.87 MT in the year-ago period. Coal imports in October dropped by 14.4 per cent to 21.84 MT compared to 25.54 MT in the corresponding month of the…