Import Tariffs
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Explained: How The Trump Presidency Will Impact The Global Economy
Donald Trumps victory in the 2024 election and his threat to impose tariffs on all imports to the United States highlights an important problem for the global economy.
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"Very Important Bilateral Relationship": Ex-US NSA On India-US Relations
Former US Ambassador to the UN and Former NSA of the US, John Bolton said that while he was the NSA during Trump's previous term as President, trade and tariffs dominated Indo-US relations and Trump and PM Modi's conversations.
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Biden Imposes Heavy Import Tariffs On Chinese Imports
US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair trade practices.
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US To Raise Tariffs On $18 Billion Of Chinese Imports: White House
The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.
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Xiaomi Says Government's Scrutiny of Chinese Firms Unnerves Smartphone Suppliers
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.
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Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
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Government Restricts Laptop, Tablet and PC Imports With Immediate Effect in Bid to Push Local Manufacturing
Imports of laptops, PCs and tablets have been restricted by the government with immediate effect, a notice said on Thursday. The government is looking to boost local manufacturing and has also extended the deadline for companies to apply for its $2 billion manufacturing incentive scheme.
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Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
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India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts
After the government eliminated import tariffs on parts used to assemble high-end phones, India could now manufacture more premium smartphones, a tax official said. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manu...
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Donald Trump's US Steel Tariffs Broke Global Trade Rules, Says WTO
The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.
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Fisker to Sell Electric SUV in India Starting July Next Year, Plans to Manufacture Locally
US startup Fisker will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July. It could gradually begin manufacturing its cars locally within a few years. Fisker rival Tesla put its India entry plans on hold after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test ...
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
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US Implements New Russia Sanctions On Gold, Defence As Agreed By G7 Heads
US sanctions on Russia: The US announced new steps to implement sanctions on Russia as agreed by G7 leaders, targeting Russia's defense industry, raising tariffs and banning gold imports from the country.
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Tesla Puts India Entry Plan On Hold After Deadlock On Tariffs: Report
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
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Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
Explained: How The Trump Presidency Will Impact The Global Economy
Donald Trumps victory in the 2024 election and his threat to impose tariffs on all imports to the United States highlights an important problem for the global economy.
-
"Very Important Bilateral Relationship": Ex-US NSA On India-US Relations
Former US Ambassador to the UN and Former NSA of the US, John Bolton said that while he was the NSA during Trump's previous term as President, trade and tariffs dominated Indo-US relations and Trump and PM Modi's conversations.
-
Biden Imposes Heavy Import Tariffs On Chinese Imports
US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair trade practices.
-
US To Raise Tariffs On $18 Billion Of Chinese Imports: White House
The United States is hiking tariffs on $18 billion worth of imports from China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.
-
Xiaomi Says Government's Scrutiny of Chinese Firms Unnerves Smartphone Suppliers
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.
-
Ahead Of PM Modi-Joe Biden Meet, India Removes Additional Duties On US Products
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products.
-
Government Restricts Laptop, Tablet and PC Imports With Immediate Effect in Bid to Push Local Manufacturing
Imports of laptops, PCs and tablets have been restricted by the government with immediate effect, a notice said on Thursday. The government is looking to boost local manufacturing and has also extended the deadline for companies to apply for its $2 billion manufacturing incentive scheme.
-
Government Exploring 'Options' After WTO Panel Ruling on IT Tariffs, Rules Out Immediate Impact
The government on Tuesday ruled out any immediate impact from a World Trade Organization (WTO) panel ruling on the country's violation of global trading rules due to the imposition of tariffs on IT products like mobile phones and components. Japan, Taiwan, and the EU challenged India's introduction of import duties for a wide range of IT products i...
-
India Could See Increase in Manufacturing of iPhones, Other Premium Phones After Tax Cuts on Imported Parts
After the government eliminated import tariffs on parts used to assemble high-end phones, India could now manufacture more premium smartphones, a tax official said. Indian mobile phone exports nearly doubled year-on-year to $5 billion between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manu...
-
Donald Trump's US Steel Tariffs Broke Global Trade Rules, Says WTO
The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.
-
Fisker to Sell Electric SUV in India Starting July Next Year, Plans to Manufacture Locally
US startup Fisker will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July. It could gradually begin manufacturing its cars locally within a few years. Fisker rival Tesla put its India entry plans on hold after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test ...
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
US Implements New Russia Sanctions On Gold, Defence As Agreed By G7 Heads
US sanctions on Russia: The US announced new steps to implement sanctions on Russia as agreed by G7 leaders, targeting Russia's defense industry, raising tariffs and banning gold imports from the country.
-
Tesla Puts India Entry Plan On Hold After Deadlock On Tariffs: Report
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
