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India’s gold and silver imports surged to record levels in 2025, ringing alarm bells in government and policy circles as soaring precious metal prices threaten to widen the trade deficit and add fresh pressure on the rupee. With limited policy tools available, officials and market participants told Reuters raising import duties is once again emerging…
The ongoing Supreme Court trial on US President Donald Trump’s use of emergency powers to impose global tariffs has left companies, customs brokers and trade lawyers preparing for a potentially prolonged battle over refunds that could total close to $150 billion. The court is expected to issue rulings on Friday, though it has not specified…
India has urged the US to roll back the additional 25% tariffs, senator Lindsey Graham claimed on Sunday. Graham said that Vinay Mohan Kwatra, the Indian Ambassador to the United States, met him last month to discuss New Delhi’s reduced purchases of Russian oil and asked him to convey the same to the US President…
Mexico’s steep tariff increase on imports from countries without a free-trade agreement will significantly disrupt India’s exports from January 1, 2026, the Global Trade Research Initiative (GTRI) has said, warning that nearly three-quarters of outbound shipments will come under sharply higher duties, ANI reported.Mexico has decided to impose duties of up to 50% on goods…
Mexico has approved steep tariff hikes of up to 50% from the year 2026 on a wide range of imports from India, China and several other Asian countries in order to protect the national industry and producers, Reuters reported.The bill passed by the Senate on Wednesday with 76 votes in favour, 5 against and 35…
NEW DELHI: PM Narendra Modi marked Constitution Day on Wednesday by urging citizens to never miss out on their constitutional right to vote and renewed his pitch for balancing rights with duties.PM Modi has often emphasised that while the issue of people’s rights has received attention, the Constitution’s similar focus on their duties was overlooked….
NEW DELHI: Prime Minister Narendra Modi on Wednesday, on the occasion of the Constitution Day, urged citizens to uphold their constitutional duties, saying these form the bedrock of a strong democracy.In a letter to citizens on Constitution Day, PM Modi underlined the responsibility of strengthening democracy by exercising the right to vote, and suggested that…
NEW DELHI: Afghanistan will offer a five-year tax exemption for new domestic industries and a 1% import duty on raw materials and machinery, Afghan commerce minister Nooruddin Azizi said on Friday, while vowing to deepen economic ties with India. He identified cement, rice, textiles, pharmaceuticals, mining, and energy as priority sectors for a country that…
WASHINGTON/NEW DELHI: Indian spice merchants and tea growers will be among global exporters who will breathe easy along with American consumers after US president Donald Trump, feeling the heat of rising domestic prices due to tariffs, moved to lower import duties on nearly 200 food, farm, and agricultural items. Tucked deep in the list is…
US president Donald Trump The TOI correspondent from Washington: Indian spice merchants and tea growers will be among global exporters who will breathe a sigh of relief along with American consumers after US President Donald Trump, feeling the heat of rising domestic prices due to tariffs, moved to lower import duties on nearly 200 food,…
