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US President Donald Trump said the United States will raise tariffs on cars and trucks imported from the European Union to 25 per cent next week, claiming the bloc was not complying with a previously agreed trade deal. “I am pleased to announce that, based on the fact the European Union is not complying with…
Refunds for tariffs imposed by US President Donald Trump are set to begin rolling out to American businesses soon. This comes after the US Supreme Court ruled that certain import taxes imposed by Trump were unconstitutional. According to a report by the news agency AP, the refund system, administered by US Customs and Border Protection…
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of…
US President Donald Trump on Sunday threatened China with “staggering” new tariffs if Beijing provides military assistance to Iran in the ongoing Middle East conflict.During an interview on Fox News’ Sunday Morning Futures, host Maria Bartiromo asked Trump whether his warning of a 50% tariff on countries aiding Iran was aimed at China.“Yes, China and…
A year after US President Donald Trump’s “Liberation Day” tariffs shook global markets, Washington is back with another round, this time targeting drug and metal imports. The earlier tariffs, announced on April 2 last year, had sent ripples across major financial markets as investors assessed their impact. Now, the US has unveiled fresh measures on…
A year after the Liberation Day tariffs, US President Donald Trump has rolled out another set of duties, this time targeting medicines and key metals. The move is aimed towards pushing companies to manufacture within the US. The new measures impose tariffs on steel, aluminium and copper, strengthening efforts to boost domestic production.The announcements come…
MUMBAI: In a move that will buy more time for exporters, the Reserve Bank of India extended a pandemic-style leniency on trade finance, allowing pre- and post-shipment export credit to run for up to 450 days for all disbursements made until June 30, 2026. The measure, effective immediately, is meant to cushion firms grappling with…
Donald Trump has cautioned trading partners against attempting to reopen or renegotiate these agreements. (AI image) The Donald Trump administration’s move to launch investigations into the trade practices of sixteen economies, including India, sends the signal that the US trade policy is entering a new phase. On March 11, 2026, the Office of the United…
File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent said that President Donald Trump‘s plan to increase a 10% universal tariff up to 15% will likely be done this week. “That’s likely sometime this week,” Bessent said on CNBC in response to a question about when the increase to 15% would be…
US President Donald Trump US President Donald Trump’s administration is seeking to delay legal proceedings related to tariff refunds, a week after the Supreme Court struck down his sweeping global duties, according to a court filing on Friday.The Supreme Court’s ruling marked a major setback for Trump’s signature economic policy and opened the door to…
