India is actively engaged in negotiations with the United States after President Donald Trump announced a 25 per cent tariff on Indian exports, set to take effect from August 1. Responding to the move, Commerce Minister Piyush Goyal on Thursday assured Parliament that the government is closely assessing its implications and will take “all necessary…
The Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed disappointment over US President Donald Trump’s decision to impose a 25 per cent tariff along with secondary sanctions on exports from India, effective August 1. Reacting to the announcement, Harsha Vardhan Agarwal, President, FICCI, said, “FICCI is disappointed by the decision taken by the…
US President Donald Trump’s country-specific tariffs are now scheduled to take effect from August 1, offering a temporary reprieve as trade talks intensified with several countries, including India. Earlier, the US tariffs were set to take effect from July 9. Commerce Secretary Howard Lutnick announced the tariff reprieve on Sunday (US time) while speaking to…
India-US Trade News: India and the US are working towards negotiating the first tranche of a mutually beneficial Bilateral Trade Agreement (BTA) by Fall 2025, sources told Zee Business. The second phase of the deal is set to cover a number of sectors. The development comes at a time when both sides are hopeful of…
US President Donald Trump on Friday announced a sharp rise in tariffs on imported steel and aluminium, doubling both levies to 50 per cent in an attempt to shield American industry. Addressing steelworkers at US Steel’s Mon Valley Works–Irvin Plant in suburban Pittsburgh, Trump said the move was aimed at protecting domestic manufacturers of key…
As medical expenses continue to climb in the US, a growing number of patients are looking overseas for more cost-effective treatment options and suggested tariffs may impact the medical tourism industry, according to a new report. US trade policy has seen notable changes recently, particularly with regard to import tariffs on countries such as China….