India and the US are set to clash over WTO reforms ahead of the MC14 meeting, with New Delhi defending core principles like consensus decision-making and the MFN rule
India remains engaged with the US side for a mutually beneficial trade deal, says Commerce Secretary Rajesh Agrawal, as negotiations continue on tariff changes and non-tariff barriers
After the courts blocked earlier tariffs, the Trump administration turns to Section 301 probes to justify new duties-putting India and other major trading partners under scrutiny
The US Trade Representative has launched an unfair trade practices probe into 60 countries, including India, alleging failure to block imports of goods produced using forced labour
USTR opens Section 301 investigations into 16 economies, including India, over excess manufacturing capacity that Washington says undermines US industrial revival
US tariff relief restarts Dollar Town's knitting machines, revives stalled exports, yet the Iran curveball threatens to fray town's delicate recovery
Textile mills, engineering units, and sports goods makers across Ludhiana and Jalandhar test a fragile export revival
Every crease and fold tells the story of the city's leather industry, stretched thin by tariffs, disrupted consignments, and a fragile global market
Goyal said India is closely watching the evolving situation following the US SC's verdict, and will continue to engage with Washington for best possible opportunities in the interim trade deal
USTR says India will determine within six months of the interim pact coming into force whether US or international standards are acceptable for select sectors, easing market access for US exports
India is closely watching US tariff moves after the Supreme Court verdict, with Goyal saying New Delhi will continue to engage Washington to preserve balance in the newly finalised interim trade deal
Exports from some EBRD countries to the United States even grew, particularly those related to the AI boom, as those countries replaced China's exports
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China is willing to hold frank consultations during an upcoming sixth round of US-China economic and trade talks, the commerce ministry official added
The administration announced that a 10 per cent levy would be imposed beginning Tuesday morning, which Trump subsequently threatened to increase to 15 per cent
A major US Supreme Court ruling has struck down Donald Trump’s sweeping reciprocal tariffs, but a new 15% global tariff has already replaced them.
With the Supreme Court striking down Trump's use of IEEPA for tariffs, the former president may rely on older trade statutes to revive tariff action. Each carries implications for India
The tax now has been declared "illegal" by the US Supreme Court
The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)
US President invokes Section 122 to impose 150-day import surcharge from February 24, citing a widening balance-of-payments deficit after Supreme Court strikes down reciprocal tariffs