Tariffs

It remains unclear whether and how companies will be refunded for tariff payments made under the regime annulled by the Supreme Court

China on Monday said it is conducting a comprehensive assessment of the impact of the US Supreme Court's ruling against global tariffs imposed by President Donald Trump under an emergency powers law. The Chinese Ministry of Commerce said it has noted the Supreme Court's decision declaring illegal the US government's imposition of tariffs on trading partners under the International Emergency Economic Powers Act (IEEPA) and is evaluating its relevant content and implications. Beijing's reaction came ahead of Trump's planned visit to China from March 31 to April 2 for talks with Chinese President Xi Jinping. On Sunday, US Trade Representative Jamieson Greer said he did not expect the ruling to impact Washington's talks with China. "The purpose of this meeting with President Xi is not to fight about trade. It's to maintain stability, make sure that the Chinese are holding up their end of our deal and buying American agricultural products and Boeings and other things," Greer told ABC ..

The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)

A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout

US tariff easing brightens outlook for Indian exporters, says DFS secy Nagaraju

Talks in Washington next week on interim deal's legal framework

As questions linger over Russian oil, tariffs and market access, clarity on India's constraints and commitments is key to managing perceptions of the US trade deal

Using data through November 2025, the study finds that about 94 per cent of the tariff costs were passed through to US firms and consumers in the first eight months of the year

In a Truth Social post, Trump said tariffs have strengthened US economic and national security and warned Republicans against opposing them

Goyal says first tranche of 'formal' pact by mid-March

More than two-fifths of India's exports to the US faced no tariffs before trade agreement was sealed

India-US tariff cut to 18% lifts prospects for labour-intensive exports as firms diversify markets and oil sourcing shifts amid geopolitical pressure

Share of Customs duty collections declined in central tax receipts despite the government resorting to raising tariffs

Move to block non-Europe firms from using lower duty to dump cars in India

US President Donald Trump has withdrawn planned tariffs on several European allies after reaching what he calls a “framework of a future deal” with Nato on Greenland and Arctic security.

In a leaked recording, Cruz warned donors that Trump's tariff policy could seriously harm the US economy and even put the president at political risk

Though largely routed via UAE, India's basmati rice and tea exports may come under pressure

Earlier, it was expected that the court would issue at least one ruling, as several major cases remain pending

The new annual quota levels are set below import levels for the first 11 months of 2025 for top supplier Brazil as well as for Australia

The Union power ministry has assured states of revenue certainty, tax efficiency and payment security as it pushes ahead with monetisation of intra-state transmission assets