A coalition of 12 US states filed a lawsuit on Wednesday in the US Court of International Trade in New York, seeking to overturn President Donald Trump’s tariff policy, which they say is unlawful and has disrupted the national economy. The legal challenge accuses Trump of abusing emergency powers under the 1977 International Emergency … Read more
India and the United States have moved a step closer to a comprehensive trade deal after finalising the Terms of Reference (TOR) that will guide upcoming negotiations. The announcement was made in a joint statement after US Vice President JD Vance met Prime Minister Narendra Modi during his visit to India. Ambassador Jamieson Greer, the … Read more
China has brushed aside concerns over the impact of US tariffs on its exports, even as tensions between Beijing and Washington continue to unsettle global markets. Chinese official Lyu said, “The sky won’t fall” for Chinese exports, adding, “These efforts have not only supported our partners’ development but also enhanced our own resilience.” Despite the … Read more
The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, … Read more
The Union Ministry of External Affairs (MEA) said on April 9 that it was studying the implications of US President Donald Trump’s reciprocal tariffs on India. The Ministry said discussions are ongoing between the Indian and US trade teams to expedite the conclusion of a mutually beneficial multi-sectoral bilateral trade agreement. It added that India … Read more
Opponents of President Donald Trump and billionaire Elon Musk rallied across the U.S. on Saturday (April 5, 2025) to protest the administration’s actions on government downsizing, the economy, human rights and other issues. More than 1,200 “Hands Off!” demonstrations were planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans … Read more
U.S. President Donald Trump on Wednesday (April 2, 2025) listed the high tariffs charged by India on American products as he announced reciprocal tariffs on countries across the board, declaring a 26% “discounted reciprocal tariff” on India. “This is Liberation Day, a long-awaited moment. 2nd April 2025 will forever be remembered as the day American … Read more
After weeks of anticipation, U.S. President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday (April 2, 2025), calling it a “declaration of economic independence.” A fresh “baseline tariff” of 10% will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors. But there are some … Read more
The US has criticised India’s “onerous requirements” on dairy imports, surcharges on various agricultural imports, regulations for alcoholic beverage imports, and the Make in India programme that remains “challenging” for high-technology equipment makers and other American companies. The Trump administration plans to levy reciprocal tariffs from Wednesday. In its 2025 National Trade Estimate report, the … Read more