India will eliminate or reduce tariffs on a wide range of US food and agricultural products, a move that is expected to make several American imports cheaper for Indian consumers, according to a joint statement released by India and the United States on Saturday announcing the framework for an interim trade agreement.Products that are set … Read more
US President Donald Trump on Monday warned that Washington could face severe financial repercussions if the Supreme Court rules his sweeping global tariffs illegal. The warning comes as the country’s top court prepares to hear the high-stakes case this week.In a post on Truth Social, Trump wrote: “If the Supreme Court rules against the United … Read more
US President Donald Trump announced a one-year trade agreement with Chinese President Xi Jinping on the supply of critical rare earth minerals. The deal, announced after their first in-person meeting in six years at the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, aims to ensure the continued flow of rare earth materials essential … Read more
US President Donald Trump on Friday announced a 100% tariff on pharma products, along with 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on October 1.The announcements came in a series of posts on his social media platform indicating that he remains committed to tariffs beyond … Read more
US President Donald Trump said on Monday (September 15) that trade talks with China had “gone very well” and suggested that a deal had been reached to resolve US concerns over TikTok’s ownership. In a post on his social media platform, Trump said the ongoing trade meeting in Europe between American and Chinese officials was … Read more
The Indian technology services outsourcing sector, valued at $283 billion, derives over 60% of its earnings from US. (AI image) India’s IT sector is worried about the possible imposition of tariffs on software exports to the US by the Donald Trump administration. The IT sector is already experiencing challenges due to worldwide economic uncertainties and … Read more
India is set to increase its imports of Russian oil in September, dealers told Reuters, as President Donald Trump-led US government on Wednesday doubled tariffs on Indian exports to 50%, citing New Delhi’s continued reliance on Moscow’s crude.Despite the pressure, Indian refiners are expected to raise purchases by 10-20% from August levels, or about 150,000–300,000 … Read more
The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is … Read more
The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber. In a 3-1/2-page joint statement, the two sides listed the commitments made, including the EU’s pledge to eliminate tariffs on all … Read more