Page 13 - Tariffs

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

Xi Jinping prepares to unveil China's stimulus plan as trade war heats up

Thousands of delegates including ministry chiefs and provincial leaders will gather Wednesday in Beijing for the parliamentary conclave

US President Donald Trump and tariffs unnerve equity, bond markets

Given the prospects of global economic slowdown and fragmentation of global trade, India is rushing to work out some sort of trade deal or the other with UK, EU and US

Indian tariffs are WTO compliant; Centre should convey to US: GTRI

India's import duties are in compliance with the global trade rules and the government should convey this to the US administration, economic think tank GTRI said on Sunday. It also said that negotiating a comprehensive free trade agreement with the US presents several challenges. The US may push India to open government procurement to American firms, reduce agricultural subsidies, weaken patent protections by allowing evergreening, and remove restrictions on data flows, it said, adding India has resisted these demands for decades and is still not prepared to accept. US President Donald Trump on multiple occasions have alleged that India has high tariffs and termed it "tariff king" and "tariff abuser". Tariffs are import duties imposed and collected by the government and paid by companies to bring foreign goods into the country. "India's tariffs are consistent with WTO (World Trade Organisation) rules. "They are the result of a single undertaking at the WTO which all countries ...

Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C

Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge

Tariffs should not determine how Indian drugmakers operate: Cipla CEO

India, often dubbed the "pharmacy of the world", is among the top exporters to the U.S., especially for cheaper versions of popular drugs

Govt considers tariff cuts on cars, chemicals as Trump duties loom

Officials in New Delhi are discussing reducing duties for automobiles, some agricultural products, chemicals, critical pharmaceuticals, as well as certain medical devices and electronics

India-EU trade talks: Tariffs, market access, regulatory clashes in focus

Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection and geographical indications.

India must rethink trade strategy as US pushes reciprocal tariffs

A systematic evaluation of all these measures, for almost 13,000 tariff lines traded by the US for each of its trade partners, seems like a near-impossible exercise to undertake

Opportunity trumps tariffs: Navigating the web of Trump's trade policies

In a world where Trump 2.0 is negative for most countries, the mixed impact of Mr Trump's tariff web could still make India a relative winner

Trump admin ramps up economic measures against China amid rising tensions

US-China trade war: China has strongly condemned Washington's actions, accusing the US of politicising and weaponising economic and trade relations

Trump to soon impose reciprocal tariffs on India, China; reiterates stance

US President Donald Trump has said that his administration will soon impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi's recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement, reiterating what he told Prime Minister Narendra Modi last week during the latter's visit to the US capital. We'll soon impose reciprocal tariffs because that means, they charge us, we charge them. Its very simple. Whatever a company or a country, such as let's say India or China or any of them, whatever they charge, we want to be fair ... so reciprocal. Reciprocal meaning, 'they charge us, we charge them', Trump said in Washington. We haven't done that, we have never done that. We are getting ready to do it, he added. Earlier on Tuesday, Fox News aired a joint television interview with Trump and billionaire Elon Musk when the president sai