US tariffs on derivative steel, aluminium imports take effect
US President Donald Trump signed a proclamation two weeks ago to raise tariffs on derivative steel and aluminium imports to cover nails, staples and other downstream products, calling it "necessary and appropriate", Xinhua reported.
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Trade deal with tariff king India by year-end: Donald Trump
Trump said they have made tremendous progress on a comprehensive trade agreement, and he is optimistic they can reach a deal that will be of great importance to both countries. However, he did not hide his disappointment when he said India probably levies the highest tariffs in the world. Both sides are now aiming for a bigger package, including possibly a free trade agreement.
Tariff war relief lifts Sensex, but analysts not so enthused
Analysts said one must take every news regarding the trade war with a pinch of salt.
WTO to decide on India’s retaliatory tariffs
This comes after India had on September 30 blocked a US request to set up a panel to settle its disagreement over the issue of retaliatory import tariffs on 28 US products.
India offers concessions on US farm goods to reach trade deal
India is open to greater market access for American farm and dairy products and lower duties on Harley-Davidson.
Jio emerges winner as telecom cos hike tariffs: Prateek Agarwal
Tariff hike good for fisc, good for banks but very little free cash flow retained by Airtel or Voda.
Tariff war: WTO sets up dispute panel over India's duty hike on 28 American goods
The US in July had dragged India to the WTO by filing a complaint against New Delhi's move to increase customs duties, alleging the decision as inconsistent with the global trade norms. According to a communication of the Geneva-based WTO, the dispute settlement body has established a panel "to examine the matter referred by the US".
Government in talks with US over steel import tariff
In March, US President Donald Trump imposed 25 per cent import tariff on steel and 10 per cent on aluminium.
India, US talk restoration of GSP, withdrawal of tariffs
India is in talks with the US to resolve bilateral trade differences, including restoration of GSP.
Steel prices may rise 10% on likely uptick in auto, infra
In anticipation of a turnaround, steel shares have climbed 32-79 per cent from their October lows, in kilter with buoyant domestic and international prices of the commodity.
Indian Chamber of Commerce seeks sops for mining industry
In a statement issued on Friday, ICC requested the Finance minister to "allow deferring of payments of mining levies, namely Royalty and the contributions towards District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) for the period upto 30th June 2020 - for the next 3 months."
White paper to reduce tax burden on steel sector in the offing
The steel minister said he will on behalf of his ministry assign a task to NITI Aayog and ask the think tank to discuss ways with all the departments, especially the finance department, to make steel industry competitive. "We (government) will come out with a white paper in three-four months. The steel ministry, respective ministries and government departments will be part of it," he said.
India postpones retaliatory tariff deadline on US products to Jun 16
A notification of the finance ministry said that implementation of increased customs duty on specified imports originating in the US has been postponed from May 16 to June 16 this year.
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