Page 3 - Tariffs

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

Gap between telcos network spending and revenue widens beyond ₹10,000 cr

Telecom industry body COAI has defended service providers' call to increase mobile tariff citing continuous widening of gap between their expense on network deployment and revenue earned by them in return. While speaking at India Mobile Congress, Cellular Operators Association of India (COAI), Director General, SP Kochhar told PTI that the government has supported a lot to telecom operators with policies like right of way (RoW) but still several authorities continue to charge exorbitant fees for laying network elements. "Earlier, the gap until 2024 for infrastructure development and revenue received from tariffs was around Rs 10,000 crore. Now it has started increasing even further. Our cost of rolling out networks should be reduced by a reduction in the price of spectrum, levies etc. "The Centre has come out with a very good ROW policy. It is a different matter that many people have not yet fallen in line and are still charging extremely high," Kochhar said. He defended the cut do

China hits back at US ships with additional port fees from October 14

For US vessels berthing at Chinese ports from October 14, the rate shall be 400 yuan ($56.13) per net tonne, the Chinese transport ministry said

Pharma stocks rise as US considers exempting generics from tariffs

Among major gainers, Aurobindo Pharma led the rally, surging 4.49 per cent to Rs 1,118.9, followed by Lupin, which climbed 2.73 per cent to Rs 1,957.6

Tariffs are weapons, India won't yield to global pressure: Shivraj Chouhan

Agriculture Minister Shivraj Singh Chouhan on Thursday said India will not compromise on its national interest amid a volatile geopolitical situation where trade and tariffs have become weapons, and asserted that the country must further strengthen food security without relying on global markets. Addressing the 120th Annual General Meeting of PHD Chamber of Commerce and Industry, Chouhan said Prime Minister Narendra Modi has made it clear that while India believes in being "global brother" and is concerned about the world, the country's interest remains the top priority. "Amid volatile geopolitical situation where nations are fighting with each other, where trade and tariffs are treated as weapons, where nations are ruling the world at their whims.... In such a situation, India has to choose its path. We will not come under pressure of anyone. Protecting our country's interest is our duty and it is necessary for global peace. A responsible country like India should rise," he said. T

Protection for industry must come with performance obligations: CEA

Speaking at a seminar by CareEdge, Nageswaran stressed the need for an industrial policy focused on productivity and performance

No signs of improvement: Gita Gopinath slams 'Liberation Day' tariffs

On April 2, Trump announced an unparalleled increase in tariffs on goods imported into the US from most of its trading partners during a ceremony labelled "Liberation Day"