Washington, July 28 (IANS) US President Donald Trump has renewed his attack on electric vehicle policies, telling automobile workers in Michigan that consumers should be allowed to choose between electric and internal-combustion vehicles.Trump said his administration had ended former President Joe Biden’s electric vehicle policy and fuel-efficiency standards, which he claimed would have damaged the American automobile industry.“On day one, I ended Biden’s insane electric vehicle mandate that…
Latest tariffs News & Updates
Washington, July 24 (IANS) India will face a lower 10 per cent tariff under the Trump administration’s new Section 301 enforcement action on forced labour imports after the United States concluded that New Delhi had adopted a forced labour import prohibition during the course of the investigation, placing it in a more favourable category than dozens of other trading partners.The Office of the US Trade Representative (USTR) announced on Thursday that, at President Donald Trump’s direction, it is …
Ottawa, July 24 (IANS) Canadian Prime Minister Mark Carney said that his government will do “whatever it takes” to defend national interests in response to recent US tariff threats, local media reported.Carney made the remarks on Thursday at a meeting of provincial and territorial leaders in Charlottetown, Prince Edward Island, stressing that Canada will protect and support its workers, farmers, businesses and families amid trade pressure from Washington, Xinhua news agency reported.”We are in a…
Washington, July 22 (IANS) The Trump administration is using tariffs as leverage to force trading partners to open their markets, strengthen enforcement and rebuild American manufacturing, US Trade Representative Jamieson Greer told lawmakers on Wednesday, laying out what he described as a new US trade doctrine built on reciprocal agreements backed by tariff pressure. Tariffs are not simply punitive measures but also negotiating tools designed to secure better market access for businesses and wo…
Washington, July 22 (IANS) The Trump administration will raise with New Delhi concerns over India’s proposed restrictions on imports of American soda ash, US Trade Representative Jamieson Greer told lawmakers on Wednesday, indicating the issue will form part of broader trade engagement between the two countries. “I have a good relationship with my counterpart in India, and we work closely with their trade ministry,” Greer told the Senate Finance Committee during a hearing on President Donald Tru…
Washington, July 22 (IANS) US President Donald Trump has announced that imported generic medicines will remain free of tariffs for two years from August 1, 2026, before facing duties of 100 per cent and later 200 per cent as part of his push to shift pharmaceutical production to the United States.The announcement gives overseas generic drug manufacturers a two-year window to establish production facilities in the US or face steep tariffs on medicines shipped to the American market.“Effective A…
Washington, July 21 (IANS) President Donald Trump imposed an additional 50 per cent tariff on hundreds of Canadian products, accusing Ottawa of discriminating against American exports of automobiles, alcoholic beverages and dairy products, in a major escalation of trade tensions between the two North American neighbours.Invoking Section 338 of the Tariff Act of 1930, Trump signed three separate proclamations imposing the new duties on selected Canadian imports. The White House said the action wa…
Washington, July 21 (IANS) US President Donald Trump signed a proclamation creating a new tariff incentive programme aimed at encouraging companies to build, expand or refurbish aluminium smelters in the United States, saying the move would strengthen the country’s industrial base and address national security concerns tied to imports.The proclamation directs the Secretary of Commerce to establish an investment incentive programme under Section 232 of the Trade Expansion Act of 1962 for companie…
Amaravati, July 20 (IANS) Andhra Pradesh Congress Committee president Y. S. Sharmila on Monday demanded that the partners in the ruling coalition in the state raise the voice of farmers in Parliament. In an open letter to Chief Minister N. Chandrababu Naidu, she said the MPs of Telugu Desam Party (TDP), Jana Sena Party (JSP) and the Bharatiya Janata Party (BJP) should highlight in Parliament the problems faced by farmers in the state.She said the MPs must confront the Central government on issue…
New Delhi, July 14 (IANS) The India-UK Free Trade Agreement (FTA), which comes into force on Wednesday, represents a “gold standard” FTA due to its wide sectoral coverage that includes farmers, seafood exporters, and labour-intensive industries such as textiles, which will benefit from significant reductions in both tariff and non-tariff barriers, Commerce Secretary Rajesh Agrawal said on Wednesday.”This is one of the first free trade agreements (FTAs) of its kind, which establishes a future…