Tariffs
As the August 27 deadline looms when the US will levy a 25% additional tariff on Indian imports, exporters of diamond jewellery, textiles, and marine products are scrambling to clear their orders by air or sea cargo. This rush is due to the impending 50% tariff on Indian exports to
Tariffs
US President Donald Trump has issued an executive order imposing an additional 25 percent tariff on Indian goods due to New Delhi's continued purchase of Russian oil. This move comes as part of the US' efforts to pressure countries to stop buying Russian oil amid the ongoing
Tariffs
US President Donald Trump issued a warning to China, stating that Beijing must supply rare earth magnets to the US or face tariffs as high as 200 per cent. This move comes amid an ongoing trade dispute between the two nations, with both sides imposing high tariffs on each other&
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
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
The United States and European Union (EU) have released a joint statement outlining a Framework Agreement on Reciprocal, Fair, and Balanced Trade, which aims to promote reciprocal and balanced trade policies between the two parties. This framework outlines shared negotiating objectives and has the potential to expand into new areas
Tariffs
The Pakistani government has introduced a new policy to protect the local auto industry by imposing a 40% tariff on commercial imports of used cars from September, while prohibiting imports of accidental vehicles. This decision is part of the country's agreement with the International Monetary Fund (IMF), which
Tariffs
European officials once believed they could turn complex technological issues into tools of global power by using market pressure on foreign businesses and rulemakers. However, this strategy, known as the "Brussels effect," is now a potentially deadly decision-making bug. As the world has changed, the focus on market
Tariffs
Beijing's near-total control over the production and processing of rare earths has become a crucial factor in the ongoing trade war with the US. China's grip on these critical minerals has allowed it to wield significant power in the conflict, forcing the US to seek a
Tariffs
The United States' plan to raise tariffs on furniture, pharmaceuticals, semiconductors, and critical minerals could sharply curb imports, affecting Malaysia's furniture exports significantly. With the US market accounting for roughly 40% of Malaysia's furniture exports, industry players will have to find alternative markets through trade
Tariffs
The Canadian government's decision to lift most retaliatory tariffs on American goods is expected to deliver some relief to consumers, although experts warn that the "buy Canada" movement may continue to limit demand for U.S. products. Prime Minister Mark Carney announced that the change will
Tariffs
British manufacturers are urging the government to swiftly secure a deal to eliminate metals tariffs, which have left hundreds of British goods in limbo as they become subject to new American tariffs over the weekend. JCB chief executive Graeme Macdonald has called on the UK Government to get a "
