Import Tariffs

Move will curb unfair trade practices and safeguard national capacity, says Jindal

Donald Trump backs Senate legislation enabling tariffs of up to 500% on countries trading with Russia, a move that could significantly affect India and China

While the United States contributes just 2.5% to R R Kabel's revenue, it accounts for around 10% of its export income

Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties

New Delhi may not retaliate against US' 25% levy and Russia penalty

Tensions between Beijing and Brussels have been rising, with the European Union imposing tariffs on China-built electric vehicles and Beijing slapping duties on imported brandy from the bloc

In this SmartCut episode, Dr. Shikha Jain, Director of IMDR Pune, unpacks Zero-for-Zero Tariffs, their history, benefits, challenges, and why India needs to rethink trade liberalisation. >

Tariffs covered by the ruling include Trump's global 10 per cent levy, his April 2 "Liberation Day" tariffs and measures targeting China, Canada and Mexico over fentanyl trafficking

Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month. "Delighted to welcome my friend and counterpart @PiyushGoyal. We continue to make progress. Let's maintain the momentum - with hard work, clear focus - and I look forward to our next meeting soon," Sefcovic said in a post on X. In response, Goyal, in a post on the social media platform, said, "We remain committed to the shared prosperity of India and the EU. Let us keep this pace going!". These deliberations assume significance as India and the 27-nation European Union are looking

India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached. Otherwise, India's retaliatory import duties could take effect in early June, potentially impacting US exporters and deepening trade frictions, it added. In a significant move targeting US safeguard duties on steel, aluminium, and their derivative products, India has formally notified the World Trade Organisation (WTO) of its intention to suspend trade concessions granted to the US. The proposed suspension of concessions could take the form of increased tariffs on selected US products. While India has not disclosed those items yet, in a similar move in 2019, it had ..

India currently levies an import duty of up to 110 per cent on completely built units (CBUs) of automobiles

Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety

Businesses that had seen demand dry up just weeks ago are now overwhelmed with urgent shipment orders from US buyers

Technical charts hint that pharma shares such as Cipla, Lupin, Sun Pharma, Zydus Lifesciences and Gland Pharma could slide up to 23% as Trump tariff threat on pharma import looms.

On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.

It could be easier for India to deal with reciprocal tariffs by increasing imports from the US to protect its existing exports to the US, said analysts at Kotak Institutional Equities.

The US claims India charges a 52% per cent tariff on US imports, but where does this figure come from? Let's find out

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods

In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35

US-India trade talks continue as India assesses the impact of the tariffs imposed by the Trump administration on Indian imports