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'Highest Tariff' Major Economy India, US Need To Together Lower Tariffs: US Ambassador Eric Garcetti
US Ambassador to India Eric Garcetti on Thursday said India is the "highest tariff" major economy in the world and New Delhi and Washington need to work together to lower tariffs to increase trade for making it "fair and equal".
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"There Will Be No Winner": Xi Jinping Cautions Donald Trump Over Trade War
Gearing up for Trump 2.0 era, Chinese President Xi Jinping on Tuesday cautioned the United States that there will be no winner in tariff, trade, or tech wars between China and the US and vowed that Beijing would firmly safeguard its interests.
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Suhas Subramanyam, Congressman-Elect Opposes Tariffs On India, Fears Trade War
Subramanyam's comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration.
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iPhone Production in India Could Double Due to Donald Trump's Bigger Tariff Proposals: Report
Apple still relies on China for the bulk of its manufacturing and sales but several factors like the US-China trade tensions played a key role in boosting Indian production. A new report suggests that Apple could double its iPhone production in India if the US imposes tariffs on Chinese imports. The Cupertino-based company is likely to increase its...
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How Trump's New Tariff Policies Can Affect Asian Economies Including India
Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.
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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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Key Facts About India's $100 Billion Deal With European Trade Group
India signed a free trade pact on Sunday with a group of European nations - Switzerland, Norway, Iceland and Liechtenstein - committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years.
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Government Said to Seek an End to WTO’s 1998 Tariff Freeze on Digital Trade
The government is said to be planning to push the World Trade Organization to lift a moratorium on customs duties on electronic transmissions. Such a move by the WTO would allow tariffs to be imposed on anything from software downloads to video games.
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India Agrees To Cut Tariffs On US Frozen Turkey, Duck: Trade Body
With India and the US announcing resolution of their last trade dispute on poultry products at WTO, India has agreed to reduce tariffs on certain American products like frozen turkey, frozen duck, fresh blueberries and cranberries, the USTR said.
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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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US, India Agree To End Six WTO Disputes, Lift Some Tariffs
The United States and India have agreed to end six disputes at the World Trade Organization, US authorities said Thursday, after a meeting between the countries' leaders.
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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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Australia-India Trade Pact Comes Into Force Today, India's Export Market Valued At $24 Billion
"Entry into force this year means Australian exporters will benefit from two tariff cuts in quick succession, the first takes place today and the second, on 1 January 2023," read an official statement from the Australian government.
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Labour Laws Upgrade, Simplification Of Taxes Key To India's Trade: Report
Upgrading labour laws, simplifying taxation and creating a stable tariff environment are imperatives to facilitate a larger trade between India and the world, a new report said.
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India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
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'Highest Tariff' Major Economy India, US Need To Together Lower Tariffs: US Ambassador Eric Garcetti
US Ambassador to India Eric Garcetti on Thursday said India is the "highest tariff" major economy in the world and New Delhi and Washington need to work together to lower tariffs to increase trade for making it "fair and equal".
-
"There Will Be No Winner": Xi Jinping Cautions Donald Trump Over Trade War
Gearing up for Trump 2.0 era, Chinese President Xi Jinping on Tuesday cautioned the United States that there will be no winner in tariff, trade, or tech wars between China and the US and vowed that Beijing would firmly safeguard its interests.
-
Suhas Subramanyam, Congressman-Elect Opposes Tariffs On India, Fears Trade War
Subramanyam's comments came amid the likelihood of higher tariffs on Indian exports by the new Trump administration.
-
iPhone Production in India Could Double Due to Donald Trump's Bigger Tariff Proposals: Report
Apple still relies on China for the bulk of its manufacturing and sales but several factors like the US-China trade tensions played a key role in boosting Indian production. A new report suggests that Apple could double its iPhone production in India if the US imposes tariffs on Chinese imports. The Cupertino-based company is likely to increase its...
-
How Trump's New Tariff Policies Can Affect Asian Economies Including India
Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.
-
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.
-
Key Facts About India's $100 Billion Deal With European Trade Group
India signed a free trade pact on Sunday with a group of European nations - Switzerland, Norway, Iceland and Liechtenstein - committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years.
-
Government Said to Seek an End to WTO’s 1998 Tariff Freeze on Digital Trade
The government is said to be planning to push the World Trade Organization to lift a moratorium on customs duties on electronic transmissions. Such a move by the WTO would allow tariffs to be imposed on anything from software downloads to video games.
-
India Agrees To Cut Tariffs On US Frozen Turkey, Duck: Trade Body
With India and the US announcing resolution of their last trade dispute on poultry products at WTO, India has agreed to reduce tariffs on certain American products like frozen turkey, frozen duck, fresh blueberries and cranberries, the USTR said.
-
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.
-
US, India Agree To End Six WTO Disputes, Lift Some Tariffs
The United States and India have agreed to end six disputes at the World Trade Organization, US authorities said Thursday, after a meeting between the countries' leaders.
-
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...
-
Australia-India Trade Pact Comes Into Force Today, India's Export Market Valued At $24 Billion
"Entry into force this year means Australian exporters will benefit from two tariff cuts in quick succession, the first takes place today and the second, on 1 January 2023," read an official statement from the Australian government.
-
Labour Laws Upgrade, Simplification Of Taxes Key To India's Trade: Report
Upgrading labour laws, simplifying taxation and creating a stable tariff environment are imperatives to facilitate a larger trade between India and the world, a new report said.
-
India Said to Oppose Moratorium on Customs Duties on E-Commerce Trade at Next WTO Meeting
India is said to oppose the continuation of moratorium on customs duties on e-commerce trade at the next WTO's meeting in Geneva. Waiver on custom duties adversely impacting the developing countries, said an official.
