Latest tariff News & Updates

Washington, July 8 (IANS) India on Wednesday told the U.S. Trade Representative (USTR) that its proposed 12.5 per cent tariff on Indian imports lacks the legal and evidentiary basis required under Section 301, arguing that Washington has failed to establish any causal link between India’s policies and harm to U.S. commerce. Presenting India’s case before a USTR public hearing, Dr. Brij Mohan of the Ministry of Commerce and Industry said the investigation relied on broad assumptions rather than c…

Washington, Feb 7 (IANS) US President Donald Trump lifted a 25 per cent tariff on Indian imports, citing India’s commitments to stop buying Russian oil and to deepen security and economic ties with the United States.Trump signed an executive order ending the additional duty that had been imposed in August 2025 under a national emergency related to Russia’s actions in Ukraine.“I have determined that India has taken significant steps to address the national emergency described in Executive O…

New Delhi, Dec 20 (IANS) The Comprehensive Economic Partnership Agreement (CEPA) with Oman is expected to enhance India’s export competitiveness, secure energy supplies at favourable prices and strengthen India–Oman economic ties, a report said on Saturday.The report from Bank of Baroda said that CEPA aims to expand trade and investment, increase export opportunities for labour‑intensive micro, small and medium enterprise (MSME) sectors such as textiles, leather, footwear, gems and jewelle…