tariffs

Bogota, April 11 – Colombia's trade ministry said that it will raise tariffs on imports from neighboring Ecuador to 100 per cent from 30 per cent, in line with a decision made a day earlier by Quito, as tensions between the two countries escalate.Trade Minister Diana Morales said in a...

Washington, April 8 – US President Donald Trump announced on Wednesday what he called a “very productive” change in Iran, saying the US would eliminate uranium enrichment and work to remove nuclear material that had been deeply buried.In a series of posts, Trump outlined a framework that...

Washington, April 8 – The United States has described its trade relationship with China as “stable,” while warning that the global trading system risks becoming “less relevant” if reforms are not undertaken, US Trade Representative Jamieson Greer said.Speaking at the Hudson Institute on...

New Delhi, April 3: Pakistan's LNG supplies are expected to fall to near zero next month, removing a source that contributes more than one-fifth of total power generation, while coal availability is also under pressure, jointly affecting close to 30 per cent of the supply, according to an...

Washington, April 3 – The United States will impose tariffs of up to 100% on imported patented pharmaceuticals, with President Donald Trump citing national security risks and heavy reliance on foreign supply chains.In a proclamation issued on Thursday, Trump said that “pharmaceuticals and...

Washington, April 3 – US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminum, and copper, tightening trade controls in the name of national security.The order mandates that tariffs apply to the "full customs value" of imported metal...

New Delhi, April 2 Commerce and Industry Minister Piyush Goyal said on Thursday that India is seeking preferential market access for its products in the US and asserted that the country's relations with America are "very robust" with a deep strategic partnership across technology, defence...

Washington, March 31 – US Trade Representative Jamieson Greer said on Tuesday that the US is largely insulated from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies."Right now, I think the key thing to understand...

Lahore, March 28 The Pakistani government has accused Imran Khan, the former prime minister who is currently in jail, of attempting to undermine the country's GSP Plus status, under which the country enjoys relatively lower tariffs on exports, through his speech at a UNHRC summit in Geneva...

Washington, March 28 US President Donald Trump said he plans to visit China soon, highlighting his strong personal relationship with President Xi Jinping while emphasizing that the United States continues to compete with Beijing on trade and economic policy.Speaking at the Future Investment...

New Delhi, March 27 Commerce and Industry Minister Piyush Goyal held a meeting with US Trade Representative Jamieson Greer on Friday, where they discussed the next steps in the India-US bilateral trade agreement (BTA) negotiations.The two, who met on the sidelines of the 14th Ministerial...

New Delhi, March 26 The Organisation for Economic Cooperation and Development (OECD) projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27.In its interim Economic Outlook report, the OECD said that the evolving conflict in the Middle East has "human...

March 26, New Delhi – European Union (EU) lawmakers gave their approval, subject to certain conditions, to the EU's side of its trade agreement with the United States on Thursday.The EU assembly voted in favor of the legislation with 417 votes to 154 and 71 abstentions, although with several...

New Delhi, March 25 Commerce Secretary Rajesh Agrawal held a meeting with Deputy US Trade Representative Joseph Barloon on Wednesday, discussing issues related to the WTO's ministerial conference and ways to further expand bilateral trade ties.The meeting was held in Yaounde, the capital city...

New Delhi, March 19 India will push for further strengthening of the WTO at the upcoming ministerial meeting in Cameroon so that it can play an important role in promoting global trade at a time when the world is witnessing turmoil due to various geopolitical factors, officials said on Thursday...

Beijing, March 19 China said on Thursday that "new points of consensus" have been reached in its current trade talks with the US ahead of President Donald Trump's planned visit to Beijing, which was postponed due to the escalating conflict in West Asia.China and the US have agreed to continue...

March 17, New Delhi: Cuba's national power grid collapsed on Monday, leaving approximately 10 million people without electricity amidst a U.S. oil embargo on Cuba.The grid operator, Union Nacional Electrica de Cuba, stated that the blackout was caused by a "complete shutdown of the national...

New Delhi, March 13 India and the US remain engaged in discussions for a mutually beneficial bilateral trade agreement, the commerce ministry said on Friday.The chief negotiators of the two countries were scheduled to meet last month in Washington to finalize the legal text for the first phase...

New Delhi, March 13 The commerce ministry said on Friday that India and the US are still engaged in discussions for a mutually beneficial bilateral trade agreement.The ministry has denied reports about a halt to bilateral engagement."We have noted a media report regarding ongoing trade talks...

March 13, New Delhi – Iranian Foreign Minister Seyed Abbas Araghchi stated on Friday that American negotiators rejected Iran’s proposal to ensure “no nuclear weapons” because they did not understand its technical details.In a social media post on X, Seyed Abbas Araghchi stated that Iran had...