US President Donald Trump has announced a phased tariff plan targeting imported generic medicines, a move that could have significant consequences for India’s pharmaceutical industry and its exports to the American market. Under the proposed policy, generic medicines entering the United States will continue to face zero tariffs for a two-year transition period beginning August...
A bipartisan group of 60 United States senators has expressed support for a proposed legislation that seeks to impose sweeping tariffs of up to 100% on imports from countries that continue purchasing Russian oil and other energy products. The move, if enacted, could significantly affect global trade relationships and place additional economic pressure on nations...
The United States has announced that it will impose a 25% tariff on a broad range of imports from Brazil beginning July 22, marking a significant escalation in trade tensions between the two nations. The decision represents one of the most serious economic measures taken by Washington against Brazil in recent years and is expected...
India has formally requested the United States to reconsider its proposal to impose a 12.5% tariff on certain imports, emphasizing that such a move could negatively affect bilateral trade and economic cooperation between the two countries. At the same time, New Delhi has reiterated its commitment to advancing negotiations for a comprehensive bilateral trade agreement...
Former United States President Donald Trump has reignited debate over international taxation and trade policy by warning that countries imposing Digital Services Taxes (DSTs) on American technology companies could face tariffs of up to 100 percent on their exports to the United States. The statement has triggered discussions among policymakers, economists, and businesses worldwide, particularly...
As leaders of the world’s most influential industrialized democracies convene for the latest G7 Summit, a significant question is shaping discussions beyond the official agenda: can global challenges truly be addressed without the participation of China, the world’s second-largest economy and a major geopolitical power? The summit brings together leaders from the United States, Canada,...
In a significant policy decision aimed at regulating precious metal inflows and strengthening macroeconomic stability, the government has raised the import duty on gold and silver to 15 percent. The move is expected to reshape bullion trade dynamics, impact domestic prices, and curb rising imports of precious metals. Policy Objective Behind the Duty Hike The...
During a pivotal address marking the centenary celebrations of the Rashtriya Swayamsevak Sangh (RSS) in Nagpur, its chief—Mohan Bhagwat—delivered a strong message rejecting compulsion in international trade and urging renewed focus on Swadeshi (indigenous production) in response to recent US tariffs on Indian goods. Over recent months, the United States imposed steep reciprocal and penalty...
A federal appeals court has delivered a major setback to former President Donald Trump by ruling that his broad use of national emergency powers to impose sweeping tariffs on foreign goods exceeded his legal authority. The US Court of Appeals for the Federal Circuit largely upheld a May ruling by the U.S. Court of International...
Washington: A new wave of U.S. tariffs on Indian goods took effect on Wednesday at 9:30 AM IST, doubling the total import duty to 50 percent across a broad range of products. The tariff hike, enforced by the U.S. Department of Homeland Security, is expected to significantly impact Indian exporters, particularly those operating in labor-intensive...