Chinese foreign relations
The US imposed 50% tariffs on many Indian products on Wednesday, doubling an existing duty, as President Donald Trump sought to punish New Delhi for buying Russian oil. This move strains US-India ties, creating fresh incentives for New Delhi to improve relations with Beijing. The tariffs are the highest imposed
Exports
India is bracing for the impact of steep US tariffs on a range of its exports, which could lead to significant job losses and slow down the country's economic growth. The new duties, which came into effect on Wednesday, follow an executive order signed by President Donald Trump
Tariffs
Indian exporters warn that thousands of jobs are at stake after US President Donald Trump implemented a 50% tariff on Indian exports, severely impacting low-margin, labor-heavy sectors such as textiles, gems and jewellery, and chemicals. The measure is set to hit a wide range of exports, including textiles, gems and
Tariffs
The United States has followed through on its threat to impose higher tariffs on Indian imports, in a move that could have far-reaching consequences for India's economy. The new tariffs, which came into effect on Wednesday, target Indian goods worth over $48 billion, with the Indian government warning
Tariffs
India's textile and garment industry is on a "full stop" after a 50 percent tariff on Indian goods took effect in the US, crippling new orders and putting millions of jobs at risk. The Indian government has announced a plan to help exporters find new markets,
Tariffs
Mexican steel exports to the United States have declined sharply in the first half of 2025, hit hard by U.S. tariffs that have increased the cost of importing the alloy into the world's largest economy. Despite the decline, Mexico remained the third-largest steel exporter to the U.
Tariffs
The US and Japan are set to announce the details of their trade deal later this week, which includes a provision for $550 billion in Japanese investment to be directed by President Trump. The investment will be financed through government-backed loans and guarantees as part of a trade deal reached
Tariffs
The US president's threat to impose additional tariffs on Indian goods from Russia over the country's purchases of Russian oil could have severe consequences for global oil markets. If India were to stop buying Russian oil overnight, oil prices would surge, and inflation would increase in
Tariffs
The U.S. Department of Commerce has initiated an investigation into the national security implications of imported wind turbines and their parts and components, pursuant to Section 232 of the Trade Expansion Act of 1962. The investigation was initiated on August 13, 2025, and Commerce will accept comments from the
Tariffs
The Samyukt Kisan Morcha (SKM) has condemned the Union government's decision to scrap the 11% import duty and the Agriculture Infrastructure Development Cess (AIDC) on cotton, terming it a "death blow" to over 60 lakh cotton-farming households. The SKM has warned of massive agitation if the
Tariffs
As manufacturers navigate the seismic shift caused by rising tariffs, supply chain turmoil, and unpredictable U.S. trade policy, their tax teams face a daunting task. The One Big Beautiful Bill Act aims to reshore, offer tax incentives, and implement industrial strategy, which could significantly impact manufacturers' tax obligations,
Tariffs
The U.S. Commerce Department has initiated a Section 232 investigation into imports of wind turbines and related components, potentially paving the way for new tariffs or trade restrictions. This move follows recent expansions of Section 232 tariffs to cover additional steel and aluminum derivative products, including several wind turbine
