Page 2 - Tariffs

China to impose up to 42.7% provisional tariffs on EU dairy products

China will impose up to 42.7 per cent of provisional tariffs on dairy products, including milk and cheese imported from the European Union, its Commerce Ministry said on Monday. The elevated duties, which take effect Tuesday, were based on preliminary results from an investigation opened by China's Commerce Ministry in August 2024 as tensions between Beijing and Brussels flared. Beijing reviewed subsidies provided by EU countries for their dairy and other farm products. Beijing's probe was launched as part of tit-for-tat measures as the EU investigated Chinese subsidies on electric vehicles, and later imposed tariffs as high as 45.3 per cent on China-made EVs. China had initiated other probes into European brandy and pork imports as countermeasures for the EU's tariffs on Chinese EVs. It had also urged the EU to scrap its EV tariffs. The temporary duties on EU dairy imports will range from 21.9 per cent to 42.7 per cent, according to the Commerce Ministry, and will cover a basket o

We are still the world's most over regulated economy: Gurcharan Das

At BELF 2025 in Kolkata, author Gurcharan Das said India remains heavily over-regulated, called the 'tariff king' tag an insult, and urged the moment be used to push reforms

How India's shrimp exports beat back the challenge from US tariffs

India's shrimp exporters are countering US tariffs by boosting shipments to new markets, backed by strong aquaculture growth, technology upgrades and government support

India proposes trade agreement with Mexico to mitigate high tariffs

India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday. Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia. Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue. "Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here. While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, dut

Global politics in 2025: Protests, peace deals and shifting alliances

Nepal's Gen-Z protests, a fragile Gaza ceasefire and Donald Trump's return reshaped global politics in 2025, as nations grappled with unrest, wars and shifting alliances

The year of tariffs: How Trump's policies affected India's exports in 2025

Despite multiple deadline extensions, India failed to reach a trade deal with the US in 2025, leaving exporters grappling with steep tariffs that reshaped competitiveness across key sectors

Mexico imposes up to 50% tariff on imports from India and China

Mexico's decision to levy tariffs of 5-50% on over 1,400 products from India and other Asian nations has alarmed exporters already hit by US duties, with engineering goods and automobiles

Mexico's steep tariff hike to hit $1 billion in Indian auto exports

The import duty on cars will rise to 50 per cent from 20 per cent, dealing a significant blow to India's largest vehicle exporters to Mexico including Volkswagen, Hyundai, Nissan and Maruti Suzuki

US, India to hold bilateral trade talks on December 10-11 in Delhi

A delegation led by Deputy US Trade Representative (USTR) Rick Switzer will meet his Indian counterpart Rajesh Agarwal on the proposed bilateral trade agreement here this week, official sources said. The USA's chief negotiator for the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, will hold discussions with India's chief negotiator and Joint Secretary in the Department of Commerce Darpan Jain. "A delegation from the office of the US Trade Representative, led by Deputy US Trade Representative Ambassador Rick Switzer, will be visiting India from December 9-11, 2025. Talks on 10th and 11th will happen on all trade-related issues," they said. The visit is crucial as India and the US are working to finalise the first tranche of the pact. This visit of the US officials marks their second trip since the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market due to the purchase of Russian crud

PNGRB revises GAIL's integrated pipeline tariff to ₹65.69 per mmBtu

GAIL's integrated pipeline tariff has been revised to Rs 65.69 per mmBtu from January 2026 - well below its ask - prompting a sharp market reaction

India set for 3rd-biggest tariff shock in global apparel and footwear trade

However, the other exporting countries, including Bangladesh, Indonesia, Cambodia and Pakistan, will have a much lower incremental impact than India

CERC lets discoms seek tariff relief following GST rate cut on RE projects

GST reduction from 12% to 5% on RE inputs qualifies as change in law; benefits must be passed through to buyers

First tranche of US-India bilateral trade agreement 'near closure'

India says the first tranche of the Indo-US trade deal is close to finalisation, with talks focused on easing reciprocal tariffs and boosting bilateral trade amid shifting export trends

Trump backs 500% tariffs on Russia trade partners: What it means for India

Donald Trump backs Senate legislation enabling tariffs of up to 500% on countries trading with Russia, a move that could significantly affect India and China

Tax and tariff disruptions reshape supply chains as strategic engines: PwC

PwC India's survey says shifting tariffs, uncertainty are testing supply chain resilience, even as firms underuse AI, face rising ESG pressures and struggle to give supply chains strategic influence

India's exporters tap new markets to offset losses from US tariffs

India's merchandise exports grew 6.7% year-on-year to $36.38 billion in September 2025. However, shipments to the United States declined 11.9% to $5.46 billion during the same period

Canada PM Carney apologises to Donald Trump for Ronald Reagan tariff ad

Carney also stressed that Canada was moving quickly to reduce its reliance on the US to safeguard its own economic interests

US unveils trade framework with Vietnam following 20% tariff agreement

Crucial specifics are still undetermined, but it's the first outline released by the Trump administration since a 20% headline tariff was announced in July

EU steel duty plan: A double whammy ahead for Indian steelmakers in 2026?

The EU's plan to halve import quotas and impose a 50 per cent tariff, combined with CBAM rollout, could deliver a double blow to Indian steelmakers next year

China warns US to stop trade threats, signals retaliation over tariffs

President Donald Trump on Friday announced an additional 100% tariff on China as well as export controls on "any and all critical software" beginning Nov. 1