Page 16 - Tariffs

AERA's appeal against TDSAT order over levying of tariff maintainable: SC

The Supreme Court on Friday held the Airports Economic Regulatory Authority (AERA), which regulates the aeronautical charges, can file an appeal against the orders of Telecommunications Dispute Settlement and Appellate Tribunal (TDSAT). A bench comprising Chief Justice of India D Y Chandrachud and Justice J B Pardiwala and Manoj Misra said the appeals filed by AERA against a TDSAT order, which held that the authority cannot impose tariffs on ground and cargo handling services, were maintainable. AERA, the top court said, has a statutory duty to regulate tariff upon a consideration of multiple factors to ensure that airports were run in an economically viable manner without compromising on the interests of the public. "When AERA determines the tariff for aeronautical services in terms of Section 13(1)(a) of the AERA Act, it is acting as a regulator and an interested party. It is interested not in a personal capacity. Its interest lies in ensuring that the concerns of public interest.

Trump vows reciprocal tariffs on India, calls it the biggest tariff charger

While the US imposes minimal tariffs on imports, countries like China and Brazil place hefty charges on American goods, but India surpasses all, says Donald Trump

EU members to vote on proposal to impose tariffs on China made EVs

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.3 per cent for SAIC

India faces risk of Chinese product influx as US tariffs take effect

Tariffs up to 100% on key items from China take effect today

Donald Trump's new tariff plan falls well short of filling his budget hole

Reconciling the gap won't be easy in an era of already surging government debt

Taiwan denounces China for suspending tariff exemptions on farm goods

China, which claims democratically governed Taiwan as its own territory, has ramped up its pressure on Taipei over the past five years

Italy supports EU's tariffs on Chinese exports of electric vehicles

Italy is aiming for a climate of positive cooperation, and real reciprocity to avoid dumping and obstacles from Beijing

China begins anti-dumping probe into Canadian rapeseed ahead of EV tariff

More than half of rapeseed, also known as canola, exported by Canada makes its way to China

China accuses Canada of protectionism over 100% tariffs on Chinese-made EVs

China on Tuesday accused Canada of protectionism after Prime Minister Justin Trudeau's government imposed a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. duties on Chinese-made EVs. The Chinese Commerce Ministry said in a statement the tariffs would disrupt the stability of global industrial and supply chains, severely impact China-Canada economic and trade ties and damage the interests of enterprises in both countries. China is strongly dissatisfied and firmly opposes this, the statement read. Canada claims it supports free trade and the multilateral trading system based on (World Trade Organization) rules, but it blatantly violated WTO rules and announced it will take unilateral tariff measures by blindly following individual countries. It is typical trade protectionism, it added. The ministry urged Canada to immediately correct its wrong practices and said that Beijing would take any necessary measures to defend the rights and interests of Chinese ...

Canada to impose 100% tariff on Chinese EVs, says PM Justin Trudeau

Ottawa will also impose a 25 per cent tariff on imported steel and aluminum from China, Trudeau told reporters in Halifax, Nova Scotia

China's EV maker's weak response to EU proves costly in tariff dispute

The main factor driving the uneven treatment appears to be varying levels of cooperation

Vodafone Idea subscribers porting out to BSNL after tariff hike: CEO

Capex into 4G to see 15% capacity rise, 16 million users covered in Q2, Moondra says

Cheap Chinese exports prompt 'protectionist' response from Southeast Asia

Economic discontent towards China has intensified in Southeast Asia as Chinese companies with surplus inventory are selling goods at give-away prices

Oil regulator PNGRB increases tariff on petroleum product pipeline

In a big boost to companies such as Indian Oil Corporation (IOC) and Reliance Industries Ltd, the oil regulator on Friday announced an upward revision in tariff for pipelines that transport petroleum products like petrol and diesel. The Petroleum and Natural Gas Regulatory Board (PNGRB) indexed tariffs for legacy pipelines at 75 per cent of the basic railway freight plus a one-time escalation of 17 per cent and a 3.4 per cent annual escalation from the 2025-26 fiscal, according to a statement issued by the regulator. For pipelines commissioned after PNGRB in 2010 issued tariff regulations, the transportation tariff will be based on discounted cash flow (DCF) methodology with 12 per cent post-tax returns on capital employed over the economic life of the pipeline. For pipelines built after interested companies participated in a bidding process to win the rights, the tariff for the first 10 years will continue to be the one bid by the operator in the tender. From the 11th year, the ..

Chinese officials warn US business delegation of higher tariffs risks

Chinese officials warned a delegation of top US executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country. The delegation of influential business people belonging to the US China Business Council, including the CEOs of FedEx and Micron, followed a top-level meeting last week where ruling Communist Party leaders endorsed a blueprint for policies that included numerous pledges to improve the business environment for foreign investors. But they also vowed greater vigilance in protecting state secrets, a potential minefield for foreign businesses that face intense scrutiny of their China operations by authorities. Both the US and China have cited national security concerns in imposing restrictions on trade and investment, and American businesses have at times been caught in the middle. Beijing has objected strenuously to Washington's moves to hike tariffs on Chinese-made products and limit Chinese access to advanced ...

S Korea's LGES in talks with Chinese firms to make low-cost EV batteries

LGES' potential partnerships come as the global EV industry is grappling with a sharp slowdown in demand, and underscore growing pressure non-Chinese battery firms

To boost electronics production, ICEA demands lower input tariffs in Budget

Ahead of the Union Budget, India Cellular & Electronics Association (ICEA) has recommended reduction in input tariffs for building a strong components ecosystem. ICEA based its recommendations on a "tariff study" it conducted across seven competing economies, including India. "...high tariffs on inputs limit the very engine of growth that would lead to higher production. High tariffs on inputs reduce exports because they become uncompetitive, leading to lower production of the final product, i.e., mobile phones. Addressing this requires a reduction in tariffs on inputs. "We recognise that developing the domestic supply chain is extremely critical but the right way is not by protecting with high tariff but drastically reducing disabilities by creating competitiveness and infuse incentive schemes wherever there are gaps," the report, which was released on Tuesday, said. To attract global value chains (GVCs) and increase the scale of production, ICEA said all tariff lines that ...

China urges EU to show sincerity in talks as EV tariffs take effect

The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate

Tariff hikes signal better profitability for telcos going forward: ICRA

The latest telecom tariff hikes announced by telcos can yield additional operating profits of around Rs 20,000 crore for the industry once they are fully absorbed, ICRA said on Friday. With an improved financial metrics, the industry will have the headroom to undertake deleveraging as well as fund capex for the technology upgrade, and network expansion, Ankit Jain, Vice President and Sector Head of Corporate Ratings, ICRA said. The domestic rating agency's view comes after Reliance Jio and Bharti Airtel announced they would roll out tariff hikes - in the range of 10-27 per cent - marking the first major telecom tariff increase in the industry in a span of two-and-a-half years. "The latest round of tariff hikes wherein the telcos increased the prepaid tariffs by around 15-20 per cent will provide the traction in the (Average Revenue Per User) ARPU levels and can result in additional operating profits of around Rs 20,000 crore for the industry once these hikes are fully absorbed," ICR

Hedging Chinese EV makers get costly with imminent tariffs from EU

After the US said in May it was planning to nearly quadruple tariffs, the European Union this month notified companies including BYD and Geely it will slap levies