Trump warns India, says 'If they tax us, we tax them over tariffs on US goods'
World | December 18, 2024 8:19 ISTUS President-elect Donald Trump said India and Brazil were among countries that impose high tariffs on certain US products
US President-elect Donald Trump said India and Brazil were among countries that impose high tariffs on certain US products
Some experts feel that Trump's trade protectionist views could have some negative impact on India's exports and might exert some pressure on the rupee in the short term.
United States Trade Representative (USTR) Katherine Tai, in a statement, announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey and the UK.
A bipartisan group of five influential senators has urged the Trump administration to seek removal of high tariffs on import of pecans by India, asserting that it is impacting a large number of American farmers.
The Ministry of New and Renewable Energy's (MNRE) decision to remove tariff ceilings from renewable energy tenders will give the beleaguered industry a much-needed leg-up, CRISIL Research has said in a report.
In an unprecedented move, top honchos from fiercely competitive TV broadcast industry on Friday came together against regulator Trai's new tariff order on Friday, saying pricing caps on channels will stifle content creation, impact jobs and pull down growth.
Television broadcasters on Friday united against regulator Trai's recent order capping prices for channels, saying it will "jeopardise" content creation, impact jobs and pull down economic growth.
China on Thursday released another list of US products that will be exempted from the first round of additional tariffs on American goods. This is the second set of American goods to be excluded from China's first round of tariff countermeasures against the US Section 301 measures, Xinhua news agency quoted the Customs Tariff Commission of the State Council as saying in a statement.
China on Friday said it was withdrawing tariffs on soybeans and pork imported from the US amid talks to conclude the first phase of a deal to de-escalate an ongoing trade war between the two largest economies.
Airtel, Jio, Vodafone plans revised: Here's how you can manage your FUP limits and save 4G data
The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.
About the steps being taken by the government, the minister said that the central government has already made it mandatory for discoms to open letters of credit for getting supply from gencos, excluding state government power plants from August 1, 2019.
Trump was referring to the import tariff on the Harley Davidson motorcycles, an issue that has been close to his heart and wants India to reduce it to zero.
US President Donald Trump has announced the indefinite suspension of tariffs against Mexican imports after the two countries signed a deal to stem the flow of migrants from Central America.
Addressing a Republican political rally in Wisconsin state's Green Bay city on April 28, Donald Trump alleged that every country has been ripping off America for years. The President has repeatedly claimed that India is a "tariff king" and imposes "tremendously high" tariffs on American products.
India is likely to extend the deadline for imposing retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 14 days, a source said.
China's retaliation only covered USD 60 billion as overall US exports to China were about USD 187.5 billion against China's exports to America of USD 522.9 billion last year.
The new measures targeting 12.6 billion US dollars in American steel, aluminium and consumer goods Will come into effect from Sunday.
Trump has repeatedly talked about high tariffs on Harley-Davidson motorcycles by India, which gave way to the current trade tension between the two countries
"Turkey is committed to active, robust and reciprocal trade relations with the US -- but with the understanding that fairness cannot be one-sided," Economy Minister Nihat Zeybekci said in a statement. "We cannot and will not allow Turkey to be wrongly blamed for America's economic challenges."
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