Page 6 - Us Tariff

India revises WTO retaliatory duties as US hikes steel, aluminium tariffs

India has revised its proposal to impose retaliatory duties under the WTO (World Trade Organisation) norms against the US over American tariffs on steel and aluminium in view of the further hike in duty by the Trump administration. The US first imposed 25 per cent tariffs on imports of aluminium, steel and derivative articles on March 12. Again, on June 3, the taxes were hiked to 50 per cent. "Without prejudice to its earlier notification to the Council for Trade in Goods and the Committee on Safeguards dated May 12, India reserves its right to adjust the products and tariff rates. This request is made in response to the increase in the tariff rate by the US from 25 per cent ad valorem to 50 per cent," the WTO has said in a communication on Wednesday. This was circulated among WTO members at the request of India. It said that the proposed suspension of concessions or other obligations can take the form of an increase in tariffs on selected products originating in the US. "The ...

Trump's Brics tariff warning puts India-US trade deal on shaky ground

The remarks came just a day after the US leader said he was close to finalizing a trade deal that New Delhi hopes would give it reprieve from 26 per cent reciprocal tariffs

No impact of 50% copper tariffs on Indian companies, says industry

The proposed 50 per cent import tariff on copper announced by US President Donald Trump will not have any impact on Indian companies as the country is copper-deficient, according to an industry official. Also, Coal and Mines Minister G Kishan Reddy on Wednesday said India will discuss the impact of US tariffs on copper. International Copper Association India Managing Director Mayur Karmarkar said, "India is a copper-deficient country, and its export, as such, is not significant. Again, of the total exports, the shipments to the US are just around 10,000 tonnes." The proposed duty, as a result, will not have any impact on the Indian firms, particularly as the domestic demand is extremely buoyant, given India's thrust on renewable energy, EVs, and a host of other copper-intensive sectors, Karmarkar said. US President Donald Trump on Tuesday announced 50 per cent tariffs on copper, after having implemented similar duties on steel and aluminium. A vision document released by G Kishan

Trump puts pressure on Asian ally South Korea to pay more for its defence

The pressure from Trump comes as North Korea appears to be more emboldened through its growing partnership with Russia

Gokaldas, Vardhman, Siyaram rally up to 8%. What's driving textile stocks?

Textile shares outlook: Analysts expect the Indian textile sector to benefit if India manages to sign a favourable trade deal with the US.

Trump eyes trade deals before deadline, but hints at more time for talks

The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in August 1. That furthers the uncertainty for businesses, consumers and America's trading partners, and questions remain about which countries will be notified, whether anything will change in the days ahead and whether President Donald Trump will once more push off imposing the rates. Trump and his top trade advisers say he could extend the time for dealmaking but they insist the administration is applying maximum pressure on other nations. Kevin Hassett, director of the White House National Economic Council, told CBS' Face the Nation on Sunday that Trump would decide when it was time to give up on negotiations. The United States is always willing to talk to everybody about everything, Hassett said. There are deadlines, and there are things that a

US tariffs to take effect on August 1, says Trump as deals near completion

President Trump confirms tariff hikes will take effect on August 1, with letters and agreements set to go out ahead of the deadline

India ready to sign deals that protect its interests, says Piyush Goyal

Ahead of July 9 tariff deadline, Piyush Goyal emphasises that India will protect its national interest in ongoing trade negotiations, reiterates stance on sensitive sectors like agriculture and dairy

India proposes retaliatory duties against US's auto tariffs at WTO

India has proposed suspending trade concessions worth $723.75 mn in response to US safeguard tariffs on autos, even as an interim trade agreement nears finalisation

Crude oil price can drop to $55-60 a barrel by December 2025: Premasish Das

Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up

Beijing on alert as US trade deals seek to curb Chinese supply chains

That will hit products with components from China and possibly other nations, which are routed through Vietnam or subject to only minimal final assembly before being exported to the US

US-Vietnam trade deal: Trump announces 20% import tariff, market access

Donald Trump has announced a trade deal with Vietnam imposing tariffs on imports and transshipping, while granting the US full market access and zero tariffs on American goods

With July 9 deadline near, stock markets shrug off US tariff worries

Cautious optimism builds as investors bet on a delay or deal

US tariff revenue hits record high in May, helping cut budget deficit

The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency's monthly budget statement

On India Inc's radar: Operation Sindoor, US tariffs and AI impact

Beyond defence issues, Rajnath Singh also touched upon broader issues clouding the economic landscape, linking the increasingly fractious global order marked with rising conflicts

Indian Rupee ends slightly higher at 85.28/$ as crude oil prices fall

The domestic currency ended 6 paise higher at 85.28 after ending at 85.34 against the greenback on Tuesday, according to Bloomberg data

Indian Rupee trades up on strong cues; opens 21 paise higher at 85.13/$

The domestic currency opened 21 paise higher at 85.13 after ending at 85.34 against the greenback on Tuesday

Tailwinds for oil marketing companies in India as margins remain robust

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

Trump calls US-UK trade deal 'comprehensive', vows lasting partnership

Trump earlier in the day said that Thursday would be a very big and exciting day for the United States and Britain, and that there would be a news conference at 10 ET (1400 GMT)

Global M&A deal signings fall to 20-year low amid Trump's 'Liberation Day'

There was one bright spot for M&A last month: tech deals in which value lies more in intellectual property like algorithms and software than in physical goods subject to tariffs, like autos