Tariffs

The US president said his threat to impose 50% tariffs on goods from countries that sold weapons to Iran was aimed at China. Trump told Fox News' "Sunday Morning Futures" that has heard reports of China giving anti-aircraft "shoulder missiles" to Iran. He played down the possibility of China supplying weapons to Iran, but said their goods would be taxed if they did. "I doubt they would do that, because I have a relationship, and I think they wouldn't do that, but maybe they did a little bit at the beginning," Trump said. "But if we catch them doing that, they get a 50% tariff.

Internet has been tariff-free for decades; if that changes, it's because the world has decided it can't allow the US to run its digital empire forever

Modest duty cuts and complex conditions may limit SEZ units' appetite for concessional DTA clearances despite the government's intent to boost capacity use

The labor market has been buffeted by uncertainty, starting with President Donald Trump's aggressive import tariffs

PNGRB retains Zone 1 tariff for CNG and domestic PNG users while revising Zone 2 rates; earlier reduced unified tariff zones from three to two

India has been resisting a long-term ecommerce duty moratorium citing concerns over revenue loss

Business leaders say an extension is critical to guarantee predictability, fearing duties could be introduced if the agreement lapses

Regulator retains electricity rates for FY27 despite rising procurement costs, offering relief to consumers while introducing incentives for digital payments and efficiency

India and Russia need to address issues such as non-tariff barriers and regulatory impediments to increase the two-way annual trade to USD 100 billion by 2030, External Affairs Minister S Jaishankar said on Monday while reaffirming New Delhi's steadfast commitment to strengthening the long-standing partnership with Moscow. "In today's evolving geo-political dynamics, our engagement continues to deepen," he said in a virtual address at a conference titled "India and Russia: Towards a new bilateral agenda". Russian Foreign Minister Sergey Lavrov lauded India's "independent foreign policy" and said that Russia looks forward to welcoming Prime Minister Narendra Modi for a visit this year. In his remarks, Jaishankar said the evolving multipolar order requires greater cooperation between India and Russia, including through BRICS, the Shanghai Cooperation Organisation (SCO), G20 and the UN. India is looking forward to closely working with Russia to address shared challenges in a "balanced

The moratorium has divided nations for nearly three decades as economies including Brazil, India and South Africa argued they wanted to preserve domestic policy options rather than rubber-stamp it

The Aluminium Association of India (AAI), has urged the government to exempt aluminium products from the recent RoDTEP rate cut as it would help Indian exporters remain competitive in the international market. AAI, the apex body representing the top aluminium producers within the country, in its representation to the Directorate General of Foreign Trade (DGFT), has requested the government to remove aluminium exports from the recent 50 per cent RoDTEP cut, just like the government has already done for agricultural products. The export support scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level. It also made a plea to the government to fix RoDTEP rates for 2026-27 based on the actual taxes exporters bear, so that aluminium

Mr Trump has ushered in the age of humiliation. His method is to push around America's friends rudely and publicly. He knows none of them can afford to fight back

Ind-Ra says telcos need a Rs 35-40 ARPU increase to achieve 15% ROCE, indicating another round of tariff hikes even as profitability improves and capex intensity falls across the sector

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