Page 11 - Tariffs

How Canada is getting squeezed with tariffs by both Donald Trump and China

Canada's key industries - including agriculture, seafood, auto manufacturing, and energy - are bracing for economic fallout as US and China both impose increased tariffs

EU hits back at Trump tariffs with measures on $28 billion of US goods

US-EU trade dispute: The Trump administration recently imposed 25% tariff on European steel and aluminium imports

India imposing 150% tariff on US alcohol, 100% on agriculture goods: WH

While addressing a press briefing, Press Secretary Karoline Leavitt said that US President Donald Trump believes in reciprocity and wants to have fair and balanced trade practices

Piyush Goyal likely to visit US later this month with revised tariff offer

This could be the Commerce minister's second visit to US in less than a month

Centre finalising export schemes to shield exporters from US tariffs

Exporters are seeing the worrying trend of holding back orders due to anticipation of the fear of reciprocal tariffs by the US

China tightens trade rules as Canadian tariffs spark price volatility

China on Saturday shocked markets with a 100 per cent tariff to just over $1 billion of Canadian rapeseed oil, oil cakes and pea imports

Best of BS Opinion: Transparency is key to both democracy and global ties

Openness, reliability, and hope are critical to successful democracies and have a cumulative effect on both domestic and global ties

Trump tariffs unlikely to impact rising Indian textile exports, say experts

In terms of tariffs on textiles and clothing, while India imposes a 10.4 per cent tariff on US imports, the tariff for Indian importers in the US is 9 per cent

India's auto parts companies eye a bigger share of the export market

An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion - nearly a fivefold increase from $21 billion currently

Trump's tariff tantrums: A looming threat that remains underestimated

As Mr Trump takes a wrecking ball to global trade linkages, the impact will be devastating

Govt levies 10% duty on masur, offers free import of yellow pea till May 31

The government has imposed a 10 per cent import duty on lentils (mosur) and extended the duty-free import of yellow peas by three months till May 31 this year to enhance domestic availability, according to a finance ministry notification. Through the notification, the government has imposed 5 per cent basic customs duty and 5 per cent Agriculture Infrastructure and Development Cess (AIDC) on lentils with effect from March 8. So far, the import of lentils has been exempt from duty. The government had initially allowed the duty-free import of yellow peas in December 2023 and subsequently extended it thrice till February 28. As per estimates, India's yellow peas import stood at 30 lakh tonnes out of 67 lakh tonnes of overall pulses imported during 2024.

China imposes retaliatory tariffs on import of Canadian farm, food products

China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products. The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products. The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico. The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports. Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, ...

India, US in process of advancing discussions on multi-sector BTA, says MEA

The MEA further stated that its objectives is to bolster India-US trade across goods and services sector, increase market access and reduce tariff

India's farm, trade sectors anxious over US tariff and duties decisions

Among the commodities under discussion - especially after the US imposed tariffs on China - is soybean oil, with hopes of increased imports from the US

Trump holds talks with Mexican Prez, delays 25% tariff plans till Apr 2

President Donald Trump said Thursday that he has postponed 25 per cent tariffs on most goods from Mexico for a month after a conversation with that country's president. Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would likely" be delayed. This is the second one-month postponement Trump has announced since first unveiling the import taxes in early February. The reprieve would apply to goods that are compliant with the trade agreement Trump negotiated with Canada and Mexico in his first term. We are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl, Trump said on Truth Social. Trump's on-again, off-again tariffs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an uncertain atmosphere that could delay hiring and investment. Lutnick emphasised that reciprocal tariffs, in wh

Another trade hurdle: How quality control orders are hurting India

The tacit reason for QCOs is to prevent substandard goods from China that many worry are flooding Indian markets

Trump exempts Mexico, Canada auto imports from new tariffs for a month

The announcement comes after Trump spoke with leaders of the big 3 automakers, Ford, General Motors, and Stellantis on Wednesday

Free trade agreement tariff concessions cost India Rs 94,172 crore in FY25

Customs revenue set to face greater strain as country pursues more trade pacts

Warren Buffett slams Trump's tariffs imposition, calls it 'an act of war'

The US government imposed a 25 per cent tariff on imports from Canada and Mexico on Tuesday, while increasing tariffs on Chinese goods from 10 per cent to 20 per cent

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips

Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25 per cent tariffs on Canada and Mexico will go into effect